2014 Q2 Form 10-Q Financial Statement

#000094480914000008 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $23.55M $22.27M $31.38M
YoY Change -1.16% -29.01% 257.48%
Cost Of Revenue $12.57M $12.39M $11.76M
YoY Change -4.11% 5.39% 135.14%
Gross Profit $10.98M $9.883M $38.15M
YoY Change -73.74% -74.09% 116.46%
Gross Profit Margin 46.63% 44.37% 121.59%
Selling, General & Admin $14.87M $13.81M $12.42M
YoY Change 7.17% 11.17% 164.34%
% of Gross Profit 135.46% 139.76% 32.57%
Research & Development $16.23M $20.99M $9.910M
YoY Change 69.87% 111.85% 106.46%
% of Gross Profit 147.85% 212.43% 25.98%
Depreciation & Amortization $4.027M $3.564M $3.429M
YoY Change 16.69% 3.94% 49.09%
% of Gross Profit 36.68% 36.06% 8.99%
Operating Expenses $58.43M $52.55M $38.15M
YoY Change 39.77% 37.75% 202.77%
Operating Profit -$34.89M -$30.28M -$6.773M
YoY Change 93.99% 347.02% -21.34%
Interest Expense $6.300M -$14.00M -$26.40M
YoY Change -29.21% -46.97% 8700.0%
% of Operating Profit
Other Income/Expense, Net $9.279M -$12.14M -$24.06M
YoY Change -45.18% -49.52% -1950.46%
Pretax Income -$25.61M -$42.42M -$30.83M
YoY Change 2322.52% 37.6% 290.24%
Income Tax $101.0K $614.0K $43.00K
% Of Pretax Income
Net Earnings -$25.48M -$44.55M -$34.22M
YoY Change 650.74% 30.21% 297.85%
Net Earnings / Revenue -108.22% -200.01% -109.05%
Basic Earnings Per Share -$0.06 -$0.11
Diluted Earnings Per Share -$0.08 -$0.11 -$109.3K
COMMON SHARES
Basic Shares Outstanding 413.8M shares 412.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $134.0M $156.4M $181.6M
YoY Change -20.76% -13.88% 192.43%
Cash & Equivalents $134.0M $156.4M $181.6M
Short-Term Investments
Other Short-Term Assets $2.613M $5.655M $11.90M
YoY Change -86.25% -52.48% 340.74%
Inventory $18.33M $18.87M $23.02M
Prepaid Expenses
Receivables $23.11M $19.66M $21.17M
Other Receivables $1.900M $1.800M $0.00
Total Short-Term Assets $183.0M $205.3M $237.7M
YoY Change -20.47% -13.64% 139.12%
LONG-TERM ASSETS
Property, Plant & Equipment $17.35M $16.88M $16.75M
YoY Change 4.65% 0.78% 216.04%
Goodwill $226.0M $226.1M $82.71M
YoY Change 175.32% 173.32%
Intangibles
YoY Change
Long-Term Investments $27.40M $28.90M $28.50M
YoY Change 2.62% 1.4% 182.18%
Other Assets $4.910M $6.520M $2.863M
YoY Change 76.36% 127.73% 120.23%
Total Long-Term Assets $1.144B $1.150B $416.3M
YoY Change 178.39% 176.38% 214.87%
TOTAL ASSETS
Total Short-Term Assets $183.0M $205.3M $237.7M
Total Long-Term Assets $1.144B $1.150B $416.3M
Total Assets $1.327B $1.356B $653.9M
YoY Change 107.01% 107.31% 182.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.04M $14.70M $11.29M
YoY Change -13.78% 30.2% 130.35%
Accrued Expenses $54.96M $58.77M $26.67M
YoY Change 77.05% 120.34% 156.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $14.40M $11.03M $20.26M
YoY Change -14.19% -45.56% 42.7%
Total Short-Term Liabilities $79.40M $84.50M $58.22M
YoY Change 33.52% 45.13% 96.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.948M $3.101M $196.4M
YoY Change -98.44% -98.42%
Other Long-Term Liabilities $218.5M $215.1M $79.51M
YoY Change 171.07% 170.58% 412.98%
Total Long-Term Liabilities $334.9M $439.9M $275.9M
YoY Change 24.42% 59.44% 1680.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.40M $84.50M $58.22M
Total Long-Term Liabilities $334.9M $439.9M $275.9M
Total Liabilities $414.3M $524.4M $334.2M
YoY Change 26.07% 56.95% 540.15%
SHAREHOLDERS EQUITY
Retained Earnings -$573.2M -$547.7M -$423.0M
YoY Change 34.44% 29.49%
Common Stock $4.271M $4.154M $3.388M
YoY Change 25.95% 22.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.051M $7.300M $7.457M
YoY Change -45.68% -2.11%
Treasury Stock Shares 1.245M shares 2.245M shares
Shareholders Equity $917.4M $835.2M $320.8M
YoY Change
Total Liabilities & Shareholders Equity $1.327B $1.356B $653.9M
YoY Change 107.01% 107.31% 182.36%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$25.48M -$44.55M -$34.22M
YoY Change 650.74% 30.21% 297.85%
Depreciation, Depletion And Amortization $4.027M $3.564M $3.429M
YoY Change 16.69% 3.94% 49.09%
Cash From Operating Activities -$21.90M -$22.61M -$14.75M
YoY Change 265.0% 53.35% 28.22%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$900.0K -$800.0K
YoY Change 23.08% 12.5% 300.0%
Acquisitions $200.0K -$78.00K
YoY Change -356.41%
Other Investing Activities -$1.500M -$1.297M -$2.528M
YoY Change -97.11% -48.69% -85.72%
Cash From Investing Activities -$3.000M -$264.0K -$649.0K
YoY Change -94.36% -59.32% -96.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.500M -$6.531M $169.6M
YoY Change -175.76% -103.85% 3362.06%
NET CHANGE
Cash From Operating Activities -21.90M -$22.61M -$14.75M
Cash From Investing Activities -3.000M -$264.0K -$649.0K
Cash From Financing Activities 2.500M -$6.531M $169.6M
Net Change In Cash -22.40M -$29.41M $154.2M
YoY Change -64.16% -119.06% -729.58%
FREE CASH FLOW
Cash From Operating Activities -$21.90M -$22.61M -$14.75M
Capital Expenditures -$1.600M -$900.0K -$800.0K
Free Cash Flow -$20.30M -$21.71M -$13.95M
YoY Change 331.91% 55.69% 23.41%

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CY2014Q1 opk Deferred Revenue Received From Collaboration Agreement
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1400000 USD
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CY2014Q1 opk Revenue From Receipt Of Equity
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CY2014Q1 opk Revenue From Sale Of Intellectual Property
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CY2013Q1 opk Revenue From Transfer Of Intellectual Property
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CY2014Q1 opk Revenue Received From Collaboration Agreement Offsetto Researchand Development
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400000 USD
CY2014Q1 opk Shares Surrendered In Lieu Of Cash Payment
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CY2014Q1 opk Stock Issued During Period Shares Stock Optionsand Warrants Exercised
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CY2014Q1 opk Stock Issued During Period Shares Stock Optionsand Warrants Exercised Netof Shares Surrenderedin Lieuof Cash Payment
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CY2013Q4 opk Taxes Recoverable Current
TaxesRecoverableCurrent
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CY2014Q1 opk Taxes Recoverable Current
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CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000944809
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
413750781 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Opko Health, Inc.

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