2011 Form 10-K Financial Statement
#000110465912021373 Filed on March 27, 2012
Income Statement
Concept | 2011 | 2010 Q4 | 2010 |
---|---|---|---|
Revenue | $15.69M | $2.200M | $14.56M |
YoY Change | 7.74% | -48.84% | -2.96% |
Cost Of Revenue | $16.74M | $2.100M | $12.28M |
YoY Change | 36.36% | -40.0% | -0.2% |
Gross Profit | -$1.050M | $100.0K | $2.286M |
YoY Change | -145.93% | -87.5% | -15.49% |
Gross Profit Margin | -6.69% | 4.55% | 15.7% |
Selling, General & Admin | $20.16M | $2.400M | $6.367M |
YoY Change | 216.62% | 118.18% | 26.83% |
% of Gross Profit | 2400.0% | 278.52% | |
Research & Development | $14.87M | $3.700M | $18.63M |
YoY Change | -20.16% | -50.67% | -28.99% |
% of Gross Profit | 3700.0% | 814.87% | |
Depreciation & Amortization | $4.314M | $1.000M | $4.071M |
YoY Change | 5.97% | -1.96% | -1.81% |
% of Gross Profit | 1000.0% | 178.08% | |
Operating Expenses | $54.79M | $6.100M | $37.27M |
YoY Change | 47.0% | -29.07% | -14.43% |
Operating Profit | -$39.10M | -$6.000M | -$22.71M |
YoY Change | 72.18% | -23.08% | -20.45% |
Interest Expense | $4.780M | -$1.300M | $3.959M |
YoY Change | 20.74% | 85.71% | 129.77% |
% of Operating Profit | |||
Other Income/Expense, Net | -$4.227M | $500.0K | -$4.440M |
YoY Change | -4.8% | -200.0% | 40.55% |
Pretax Income | -$43.33M | -$7.000M | -$27.10M |
YoY Change | 59.88% | -22.22% | -14.51% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$43.33M | -$7.000M | -$27.15M |
YoY Change | 59.59% | -22.22% | -14.38% |
Net Earnings / Revenue | -276.17% | -318.18% | -186.44% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$2.517M | -$407.0K | -$1.576M |
COMMON SHARES | |||
Basic Shares Outstanding | 16.44M shares | 574.0K shares | |
Diluted Shares Outstanding | 16.44M shares | 574.1K shares |
Balance Sheet
Concept | 2011 | 2010 Q4 | 2010 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $76.20M | $26.10M | $26.10M |
YoY Change | 191.95% | 267.61% | |
Cash & Equivalents | $46.20M | $26.13M | $26.10M |
Short-Term Investments | $30.00M | $0.00 | $0.00 |
Other Short-Term Assets | $3.100M | $2.100M | $2.100M |
YoY Change | 47.62% | -8.7% | |
Inventory | $1.200M | $1.605M | $1.600M |
Prepaid Expenses | |||
Receivables | $2.100M | $1.191M | $1.200M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $82.60M | $31.06M | $31.10M |
YoY Change | 165.59% | 148.8% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $25.10M | $23.95M | $24.00M |
YoY Change | 4.58% | 22.45% | |
Goodwill | |||
YoY Change | |||
Intangibles | $8.912M | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $500.0K | $2.645M | $2.600M |
YoY Change | -80.77% | 271.43% | |
Total Long-Term Assets | $30.90M | $35.51M | $35.50M |
YoY Change | -12.96% | 12.7% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $82.60M | $31.06M | $31.10M |
Total Long-Term Assets | $30.90M | $35.51M | $35.50M |
Total Assets | $113.5M | $66.56M | $66.60M |
YoY Change | 70.42% | 51.36% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.400M | $4.315M | $4.300M |
YoY Change | -20.93% | -38.57% | |
Accrued Expenses | $2.800M | $4.983M | $600.0K |
YoY Change | 366.67% | 20.0% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $8.300M | $3.182M | $5.900M |
YoY Change | 40.68% | 78.79% | |
Total Short-Term Liabilities | $31.90M | $16.32M | $16.30M |
YoY Change | 95.71% | 13.19% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $20.10M | $21.87M | $74.70M |
YoY Change | -73.09% | 189.53% | |
Other Long-Term Liabilities | $13.20M | $3.783M | $24.00M |
YoY Change | -45.0% | -10.11% | |
Total Long-Term Liabilities | $33.30M | $25.65M | $98.70M |
YoY Change | -66.26% | 88.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $31.90M | $16.32M | $16.30M |
Total Long-Term Liabilities | $33.30M | $25.65M | $98.70M |
Total Liabilities | $65.20M | $114.9M | $114.9M |
YoY Change | -43.26% | 71.75% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$136.9M | ||
YoY Change | |||
Common Stock | $1.000K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.000K | ||
YoY Change | |||
Treasury Stock Shares | 1.065K shares | ||
Shareholders Equity | $48.30M | -$48.38M | -$48.40M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $113.5M | $66.56M | $66.60M |
YoY Change | 70.42% | 51.36% |
Cashflow Statement
Concept | 2011 | 2010 Q4 | 2010 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$43.33M | -$7.000M | -$27.15M |
YoY Change | 59.59% | -22.22% | -14.38% |
Depreciation, Depletion And Amortization | $4.314M | $1.000M | $4.071M |
YoY Change | 5.97% | -1.96% | -1.81% |
Cash From Operating Activities | -$31.00M | -$5.840M | -$24.88M |
YoY Change | 24.6% | -795.24% | 19.39% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $6.167M | -$2.950M | $6.770M |
YoY Change | -8.91% | 637.5% | 22.89% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$29.96M | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | -$36.12M | -$2.950M | -$6.770M |
YoY Change | 433.53% | 637.5% | 22.87% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $49.01M | $2.000K | |
YoY Change | 2450200.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 87.16M | 21.07M | 50.71M |
YoY Change | 71.88% | 844.84% | 141.02% |
NET CHANGE | |||
Cash From Operating Activities | -31.00M | -5.840M | -24.88M |
Cash From Investing Activities | -36.12M | -2.950M | -6.770M |
Cash From Financing Activities | 87.16M | 21.07M | 50.71M |
Net Change In Cash | 20.04M | 12.28M | 19.06M |
YoY Change | 5.14% | 359.93% | -458.95% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$31.00M | -$5.840M | -$24.88M |
Capital Expenditures | $6.167M | -$2.950M | $6.770M |
Free Cash Flow | -$37.17M | -$2.890M | -$31.65M |
YoY Change | 17.43% | -333.06% | 20.12% |
Facts In Submission
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|
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|
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|
Pacira Pharmaceuticals, Inc. | |
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Entity Central Index Key
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0001396814 | |
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Document Type
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|
10-K | |
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2011-12-31 | |
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Amendment Flag
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false | |
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Entity Well Known Seasoned Issuer
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No | |
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Entity Voluntary Filers
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No | |
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Entity Current Reporting Status
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|
Yes | |
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Smaller Reporting Company | |
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2011 | |
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FY | |
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Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3000 | USD |
CY2011 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
38016000 | USD |
CY2011 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
49006000 | USD |
CY2010 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2000 | USD |
CY2010 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
7500000 | USD |
CY2009 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
10625000 | USD |
CY2010 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
56250000 | USD |
CY2009 | pcrx |
Amortization Of Other Assets And Unfavorable Lease Obligation
AmortizationOfOtherAssetsAndUnfavorableLeaseObligation
|
314000 | USD |
CY2011 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1644000 | USD |
CY2010 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
146000 | USD |
CY2009 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
600000 | USD |
CY2011 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-273000 | USD |
CY2010 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-11000 | USD |
CY2009 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-1707000 | USD |
CY2011 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2493000 | USD |
CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
23000 | USD |
CY2009 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
524000 | USD |
CY2011 | pcrx |
Change In Royalty Interest Obligation
ChangeInRoyaltyInterestObligation
|
1815000 | USD |
CY2010 | pcrx |
Change In Royalty Interest Obligation
ChangeInRoyaltyInterestObligation
|
675000 | USD |
CY2009 | pcrx |
Change In Royalty Interest Obligation
ChangeInRoyaltyInterestObligation
|
-185000 | USD |
CY2011 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-14000 | USD |
CY2010 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
98000 | USD |
CY2009 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
34000 | USD |
CY2011 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
922000 | USD |
CY2010 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-264000 | USD |
CY2009 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1130000 | USD |
CY2011 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-360000 | USD |
CY2010 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-124000 | USD |
CY2009 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-299000 | USD |
CY2011 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
608000 | USD |
CY2010 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-32000 | USD |
CY2009 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-244000 | USD |
CY2011 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2549000 | USD |
CY2010 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1118000 | USD |
CY2009 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
10625000 | USD |
CY2010 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1795000 | USD |
CY2009 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
215000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
87158000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
50705000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
21038000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
20035000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
19056000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-5309000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7077000 | USD |
CY2008Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
12386000 | USD |
CY2011 | us-gaap |
Interest Paid
InterestPaid
|
4739000 | USD |
CY2010 | us-gaap |
Interest Paid
InterestPaid
|
2371000 | USD |
CY2009 | us-gaap |
Interest Paid
InterestPaid
|
1714000 | USD |
CY2011 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
907000 | USD |
CY2011 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
51222000 | USD |
CY2011 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
6000 | USD |
CY2011 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4314000 | USD |
CY2010 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4071000 | USD |
CY2009 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4146000 | USD |
CY2011 | pcrx |
Amortization Of Other Assets And Unfavorable Lease Obligation
AmortizationOfOtherAssetsAndUnfavorableLeaseObligation
|
85000 | USD |
CY2010 | pcrx |
Amortization Of Other Assets And Unfavorable Lease Obligation
AmortizationOfOtherAssetsAndUnfavorableLeaseObligation
|
-35000 | USD |
CY2010 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-2328000 | USD |
CY2009 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
3793000 | USD |
CY2011 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
27000 | USD |
CY2010 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1782000 | USD |
CY2009 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
3027000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-31000000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-24880000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-20838000 | USD |
CY2011 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6167000 | USD |
CY2010 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6770000 | USD |
CY2009 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5509000 | USD |
CY2011 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
15000 | USD |
CY2008Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7490000 | USD |
CY2009 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3000 | USD |
CY2009 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
524000 | USD |
CY2009 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
537000 | USD |
CY2009Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-22949000 | USD |
CY2010 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2000 | USD |
CY2010 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
23000 | USD |
CY2010 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
1692000 | USD |
CY2011 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
135000 | USD |
CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2493000 | USD |
CY2011 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
37109000 | USD |
CY2011 | pcrx |
Stock Issued During Period Value Follow On Public Offering Issues
StockIssuedDuringPeriodValueFollowOnPublicOfferingIssues
|
49006000 | USD |