2016 Q1 Form 10-Q Financial Statement

#000156459017010232 Filed on May 10, 2017

View on sec.gov

Income Statement

Concept 2016 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $11.04M
YoY Change 40.28%
% of Gross Profit
Research & Development $60.21M
YoY Change 34.61%
% of Gross Profit
Depreciation & Amortization $210.0K
YoY Change 16.67%
% of Gross Profit
Operating Expenses $71.25M
YoY Change 35.45%
Operating Profit -$71.25M
YoY Change 35.45%
Interest Expense $280.0K
YoY Change 133.33%
% of Operating Profit
Other Income/Expense, Net $274.0K
YoY Change 88.97%
Pretax Income -$70.97M
YoY Change 35.31%
Income Tax
% Of Pretax Income
Net Earnings -$70.97M
YoY Change 35.3%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$2.185M
COMMON SHARES
Basic Shares Outstanding 32.49M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $181.2M
YoY Change -41.6%
Cash & Equivalents $78.22M
Short-Term Investments $103.0M
Other Short-Term Assets $8.100M
YoY Change 26.56%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $189.4M
YoY Change -40.21%
LONG-TERM ASSETS
Property, Plant & Equipment $2.219M
YoY Change -8.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.60M
YoY Change 23.64%
Total Long-Term Assets $15.82M
YoY Change 4.07%
TOTAL ASSETS
Total Short-Term Assets $189.4M
Total Long-Term Assets $15.82M
Total Assets $205.2M
YoY Change -38.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.84M
YoY Change 96.99%
Accrued Expenses $14.07M
YoY Change 4.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.91M
YoY Change 49.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.300M
YoY Change -13.33%
Total Long-Term Liabilities $1.300M
YoY Change -13.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.91M
Total Long-Term Liabilities $1.300M
Total Liabilities $40.23M
YoY Change 46.04%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $164.9M
YoY Change
Total Liabilities & Shareholders Equity $205.2M
YoY Change -38.17%

Cashflow Statement

Concept 2016 Q1
OPERATING ACTIVITIES
Net Income -$70.97M
YoY Change 35.3%
Depreciation, Depletion And Amortization $210.0K
YoY Change 16.67%
Cash From Operating Activities -$35.03M
YoY Change -29.97%
INVESTING ACTIVITIES
Capital Expenditures $44.00K
YoY Change -89.89%
Acquisitions
YoY Change
Other Investing Activities $81.50M
YoY Change -256.52%
Cash From Investing Activities $81.46M
YoY Change -254.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 220.0K
YoY Change -99.9%
NET CHANGE
Cash From Operating Activities -35.03M
Cash From Investing Activities 81.46M
Cash From Financing Activities 220.0K
Net Change In Cash 46.65M
YoY Change -60.1%
FREE CASH FLOW
Cash From Operating Activities -$35.03M
Capital Expenditures $44.00K
Free Cash Flow -$35.07M
YoY Change -30.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2017Q1 us-gaap Increase Decrease In Deferred Leasing Fees
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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates: </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the balance sheet, and reported amounts of expenses for the period presented. Accordingly, actual results could differ from those estimates. Significant estimates include accrued expenses for the cost of services provided by consultants who manage clinical trials and conduct research and clinical trials on behalf of the Company that are billed on a delayed basis. As the actual costs become known, the Company adjusts its estimated cost in that period. The value of stock-based compensation includes estimates based on future events, which are difficult to predict. It is at least reasonably possible that a change in the estimates used to record accrued expenses and to value the stock-based compensation will occur in the near term. </p></div>
CY2017Q1 us-gaap Concentration Risk Credit Risk
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CY2016Q1 us-gaap Defined Contribution Plan Cost Recognized
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