2019 Q4 Form 10-Q Financial Statement

#000090670919000010 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $33.86M $29.22M $27.76M
YoY Change -14.98% 5.24% -81.85%
Cost Of Revenue $5.989M $4.927M $4.783M
YoY Change -19.73% 3.01% -15.7%
Gross Profit $27.87M $24.29M $22.98M
YoY Change -13.88% 5.71% -84.39%
Gross Profit Margin 82.31% 83.14% 82.77%
Selling, General & Admin $27.10M $24.00M $18.70M
YoY Change 13.87% 28.34% 54.55%
% of Gross Profit 97.23% 98.8% 81.38%
Research & Development $110.4M $99.05M $102.9M
YoY Change 1.36% -3.74% 56.58%
% of Gross Profit 395.97% 407.76% 447.78%
Depreciation & Amortization $3.600M $3.500M $2.700M
YoY Change 16.13% 29.63% -28.95%
% of Gross Profit 12.92% 14.41% 11.75%
Operating Expenses $110.4M $99.05M $102.9M
YoY Change 1.36% -3.74% 56.58%
Operating Profit -$109.6M -$98.74M -$98.63M
YoY Change 9.32% 0.11% -241.95%
Interest Expense -$2.200M $5.425M $5.442M
YoY Change -1200.0% -0.31% -164.79%
% of Operating Profit
Other Income/Expense, Net $254.0K $1.591M
YoY Change -84.04%
Pretax Income -$111.9M -$98.49M -$97.04M
YoY Change 11.79% 1.49% -258.83%
Income Tax $1.500M $99.00K -$900.0K
% Of Pretax Income
Net Earnings -$112.2M -$98.59M -$96.14M
YoY Change 14.21% 2.54% -257.95%
Net Earnings / Revenue -331.24% -337.41% -346.31%
Basic Earnings Per Share -$0.64 -$0.56 -$0.56
Diluted Earnings Per Share -$0.64 -$0.56 -$0.56
COMMON SHARES
Basic Shares Outstanding 175.9M shares 175.4M shares 172.7M shares
Diluted Shares Outstanding 175.4M shares 172.7M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.325B $1.496B $1.420B
YoY Change -0.79% 5.3% 302.84%
Cash & Equivalents $96.36M $81.22M $222.3M
Short-Term Investments $1.228B $1.414B $1.198B
Other Short-Term Assets $15.39M $15.21M $12.54M
YoY Change -27.74% 21.31% -5.71%
Inventory $12.67M $13.72M $13.30M
Prepaid Expenses
Receivables $36.80M $41.21M $31.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.422B $1.579B $1.505B
YoY Change -1.12% 4.89% 293.2%
LONG-TERM ASSETS
Property, Plant & Equipment $65.67M $64.61M $44.90M
YoY Change 34.42% 43.91% -28.04%
Goodwill $76.50M $76.50M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $279.1M $231.1M $619.1M
YoY Change -52.12% -62.67% 938.76%
Other Assets $344.0K $2.385M $3.400M
YoY Change -91.89% -29.85% 325.0%
Total Long-Term Assets $555.8M $509.5M $743.9M
YoY Change -21.99% -31.52% 273.27%
TOTAL ASSETS
Total Short-Term Assets $1.422B $1.579B $1.505B
Total Long-Term Assets $555.8M $509.5M $743.9M
Total Assets $1.977B $2.088B $2.249B
YoY Change -8.04% -7.15% 286.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.23M $21.96M $7.500M
YoY Change 228.56% 192.84% -12.79%
Accrued Expenses $79.50M $95.00M $78.30M
YoY Change 28.64% 21.33% 97.73%
Deferred Revenue $5.517M $8.400M $15.68M
YoY Change -60.29% -46.41%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $248.7M
YoY Change
Total Short-Term Liabilities $353.9M $125.4M $108.1M
YoY Change 331.57% 15.96% 16.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $248.3M $246.5M
YoY Change -100.0% 0.73% 0.69%
Other Long-Term Liabilities $768.0K $643.0K $104.4M
YoY Change -92.31% -99.38% -34.99%
Total Long-Term Liabilities $768.0K $643.0K $350.9M
YoY Change -92.31% -99.82% -13.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $353.9M $125.4M $108.1M
Total Long-Term Liabilities $768.0K $643.0K $350.9M
Total Liabilities $572.0M $599.6M $459.0M
YoY Change 32.22% 30.63% -7.81%
SHAREHOLDERS EQUITY
Retained Earnings -$1.865B -$1.751B
YoY Change 30.94%
Common Stock $3.271B $3.241B
YoY Change 3.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.405B $1.489B $1.790B
YoY Change
Total Liabilities & Shareholders Equity $1.977B $2.088B $2.249B
YoY Change -8.04% -7.15% 286.38%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$112.2M -$98.59M -$96.14M
YoY Change 14.21% 2.54% -257.95%
Depreciation, Depletion And Amortization $3.600M $3.500M $2.700M
YoY Change 16.13% 29.63% -28.95%
Cash From Operating Activities -$125.2M -$68.70M -$71.40M
YoY Change 6.46% -3.78% -176.69%
INVESTING ACTIVITIES
Capital Expenditures -$3.700M -$5.300M -$1.900M
YoY Change -56.98% 178.95% 90.0%
Acquisitions
YoY Change
Other Investing Activities $139.2M $63.60M -$619.4M
YoY Change 44.7% -110.27% 677.16%
Cash From Investing Activities $135.5M $58.20M -$621.3M
YoY Change 54.68% -109.37% 669.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.000M 6.200M 3.900M
YoY Change 85.19% 58.97% -58.95%
NET CHANGE
Cash From Operating Activities -125.2M -68.70M -71.40M
Cash From Investing Activities 135.5M 58.20M -621.3M
Cash From Financing Activities 5.000M 6.200M 3.900M
Net Change In Cash 15.30M -4.300M -688.8M
YoY Change -156.04% -99.38% -3245.21%
FREE CASH FLOW
Cash From Operating Activities -$125.2M -$68.70M -$71.40M
Capital Expenditures -$3.700M -$5.300M -$1.900M
Free Cash Flow -$121.5M -$63.40M -$69.50M
YoY Change 11.47% -8.78% -173.86%

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ComprehensiveIncomeNetOfTax
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5463000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
25385000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3600000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-118512000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1633511000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7103000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24522000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1928000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-109909000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1557155000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5882000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24880000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-398000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-98808000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1488711000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
87828000 USD
CY2018Q1 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
12577000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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34406000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-685000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-96143000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Profit Loss
ProfitLoss
-327229000 USD
us-gaap Profit Loss
ProfitLoss
779525000 USD
nktr Non Cash Royalty Revenue Related To Sale Of Future Royalties
NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties
27585000 USD
nktr Non Cash Royalty Revenue Related To Sale Of Future Royalties
NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties
24337000 USD
nktr Non Cash Interest Expense Related To Sale Of Royalties
NonCashInterestExpenseRelatedToSaleOfRoyalties
17853000 USD
nktr Non Cash Interest Expense Related To Sale Of Royalties
NonCashInterestExpenseRelatedToSaleOfRoyalties
14808000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
74787000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
63895000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9582000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7799000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
10421000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
8136000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2008000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16179000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2339000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2570000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-18127000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
22087000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16109000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2611000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
13164000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
19659000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
10019000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
26603000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9465000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-10931000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
11932000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5104000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-203458000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
835764000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1028883000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1944178000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1122902000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
467658000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
11963000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22614000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5552000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2633000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
71405000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1467476000 USD
nktr Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
0 USD
nktr Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
790231000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
18449000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
59067000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18449000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
849298000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-77000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-87000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-113681000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
217499000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194905000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4762000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81224000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222261000 USD
us-gaap Interest Paid Net
InterestPaidNet
14229000 USD
us-gaap Interest Paid Net
InterestPaidNet
14701000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
56025000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q3 nktr Cash Restricted Cash Cash Equivalents And Available For Sale Investments
CashRestrictedCashCashEquivalentsAndAvailableForSaleInvestments
1700000000 USD
CY2019Q3 us-gaap Senior Notes
SeniorNotes
250000000.0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:8px;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Accounting estimates and assumptions are inherently uncertain. Actual results could differ materially from those estimates and </span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">assumptions. As appropriate, we assess our estimates each period, update them to reflect current information and generally recognize any changes in such estimates in the period first identified.</span></div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-top:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Significant Concentrations</span></div><div style="line-height:120%;padding-top:8px;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our customers are primarily pharmaceutical and biotechnology companies that are located in the U.S. and Europe and with whom we have multi-year arrangements. Our accounts receivable balance contains billed and unbilled trade receivables from product sales, milestones, other contingent payments and royalties, as well as reimbursable costs from collaborative research and development agreements. As of </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, our accounts receivable includes </span><span style="font-family:inherit;font-size:10pt;"><span>$27.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$24.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, for net expense reimbursements from our collaboration partner Bristol-Myers Squibb Company (BMS). </span></div><div style="line-height:120%;padding-top:13px;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are dependent on our suppliers and contract manufacturers to provide raw materials and drugs of appropriate quality and reliability and to meet applicable contract and regulatory requirements. In certain cases, we rely on single sources of supply of one or more critical materials. Consequently, in the event that supplies are delayed or interrupted for any reason, our ability to develop and produce our drug candidates or our ability to meet our supply obligations could be significantly impaired, which could have a material adverse effect on our business, financial condition and results of operations.</span></div>
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1300000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
300000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.004
CY2019Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
81224000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
194905000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1414448000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1140445000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
231082000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
582889000 USD
CY2019Q3 nktr Cash Restricted Cash Cash Equivalents And Available For Sale Investments
CashRestrictedCashCashEquivalentsAndAvailableForSaleInvestments
1726754000 USD
CY2018Q4 nktr Cash Restricted Cash Cash Equivalents And Available For Sale Investments
CashRestrictedCashCashEquivalentsAndAvailableForSaleInvestments
1918239000 USD
CY2019Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
12000000.0 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1646043000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1800011000 USD
CY2019Q3 us-gaap Cash
Cash
28166000 USD
CY2018Q4 us-gaap Cash
Cash
5812000 USD
CY2019Q3 nktr Cash Restricted Cash Cash Equivalents And Available For Sale Investments
CashRestrictedCashCashEquivalentsAndAvailableForSaleInvestments
1726754000 USD
CY2018Q4 nktr Cash Restricted Cash Cash Equivalents And Available For Sale Investments
CashRestrictedCashCashEquivalentsAndAvailableForSaleInvestments
1918239000 USD
CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1586000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1846000 USD
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7961000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6403000 USD
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4173000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3132000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
13720000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
11381000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4116000 USD
CY2018Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1927000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
10030000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
5651000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1485000 USD
CY2018Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1096000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
4539000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
3371000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
5601000 USD
CY2018Q3 us-gaap Lease Cost
LeaseCost
3023000 USD
us-gaap Lease Cost
LeaseCost
14569000 USD
us-gaap Lease Cost
LeaseCost
9022000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5100000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2400000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15283000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19026000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19633000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
20257000 USD
CY2019Q3 nktr Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
20899000 USD
CY2019Q3 nktr Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
116881000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
214379000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
56621000 USD
CY2019Q3 nktr Lessee Operating Lease Liability Tenant Improvement Reimbursements
LesseeOperatingLeaseLiabilityTenantImprovementReimbursements
3341000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
154417000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9318000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
145099000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y3M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.059
nktr Non Cash Royalty Revenue Related To Sale Of Future Royalties
NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties
27600000 USD
nktr Non Cash Royalty Revenue Related To Sale Of Future Royalties
NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties
24300000 USD
nktr Non Cash Interest Expense Related To Sale Of Royalties
NonCashInterestExpenseRelatedToSaleOfRoyalties
17900000 USD
nktr Non Cash Interest Expense Related To Sale Of Royalties
NonCashInterestExpenseRelatedToSaleOfRoyalties
14800000 USD
nktr Estimated Annual Interest Rate Over Life Of Royalty Liability
EstimatedAnnualInterestRateOverLifeOfRoyaltyLiability
0.17
CY2017Q4 nktr Estimated Annual Interest Rate Over Life Of Royalty Liability
EstimatedAnnualInterestRateOverLifeOfRoyaltyLiability
0.176
CY2017Q4 nktr Prospective Interest Rate Percentage
ProspectiveInterestRatePercentage
0.21
CY2018Q4 nktr Estimated Annual Interest Rate Over Life Of Royalty Liability
EstimatedAnnualInterestRateOverLifeOfRoyaltyLiability
0.187
CY2018Q4 nktr Prospective Interest Rate Percentage
ProspectiveInterestRatePercentage
0.29
CY2019Q3 nktr License Collaboration Other Revenue
LicenseCollaborationOtherRevenue
3121000 USD
CY2018Q3 nktr License Collaboration Other Revenue
LicenseCollaborationOtherRevenue
4875000 USD
nktr License Collaboration Other Revenue
LicenseCollaborationOtherRevenue
9860000 USD
nktr License Collaboration Other Revenue
LicenseCollaborationOtherRevenue
1082848000 USD
CY2019Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
20500000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
56600000 USD
CY2018Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
18600000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
64200000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
24636000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9465000 USD
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
15171000 USD
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8400000 USD
CY2019Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
6800000 USD
CY2019Q3 nktr Potential Development And Regulatory Milestones
PotentialDevelopmentAndRegulatoryMilestones
1700000000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24880000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23287000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
74787000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
63895000 USD
CY2019Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
820000 shares
CY2018Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
642000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2256000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
5248000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
11300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3200000 shares

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0000906709-19-000010.txt Edgar Link pending
0000906709-19-000010-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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nktr-20190930.xsd Edgar Link pending
nktr-20190930_cal.xml Edgar Link unprocessable
nktr-20190930_def.xml Edgar Link unprocessable
nktr-20190930_lab.xml Edgar Link unprocessable
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