2014 Q1 Form 10-K Financial Statement

#000104746914001914 Filed on March 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $9.217M $4.411M $16.29M
YoY Change 29.05% -33.57% 126.4%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.500M $7.500M $6.700M
YoY Change 66.67% 134.38% 76.32%
% of Gross Profit
Research & Development $15.89M $15.00M $13.89M
YoY Change 41.15% 57.89% 32.67%
% of Gross Profit
Depreciation & Amortization $588.0K $590.0K $590.0K
YoY Change -5.92% -9.23% -11.94%
% of Gross Profit
Operating Expenses $23.43M $22.50M $20.57M
YoY Change 49.06% 77.55% 44.31%
Operating Profit -$14.21M -$18.09M -$4.276M
YoY Change 65.72% 199.82% -39.4%
Interest Expense $171.0K $200.0K $26.70K
YoY Change -102.78% -200.0% -110.79%
% of Operating Profit
Other Income/Expense, Net -$57.00K $0.00 -$37.62K
YoY Change -205.56% -783.06%
Pretax Income -$14.10M -$17.90M -$4.400M
YoY Change -4.08% 184.13% -39.73%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$14.10M -$17.89M -$4.416M
YoY Change -3.99% 185.17% -39.48%
Net Earnings / Revenue -152.96% -405.5% -27.11%
Basic Earnings Per Share -$0.75 -$0.19
Diluted Earnings Per Share -$575.5K -$0.75 -$0.19
COMMON SHARES
Basic Shares Outstanding 30.08M shares 24.92M shares 23.80M shares
Diluted Shares Outstanding 23.80M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $246.6M $142.5M $157.2M
YoY Change 391.24% 5127.44%
Cash & Equivalents $115.9M $15.41M $24.04M
Short-Term Investments $130.7M $127.1M $133.2M
Other Short-Term Assets $2.000M $1.600M $2.100M
YoY Change 122.22%
Inventory
Prepaid Expenses
Receivables $800.0K $1.000M $800.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $249.4M $145.0M $160.1M
YoY Change 378.66% 3055.94%
LONG-TERM ASSETS
Property, Plant & Equipment $6.328M $6.730M $6.943M
YoY Change -17.82% -18.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $100.0K $200.0K
YoY Change -50.0%
Total Long-Term Assets $6.460M $6.879M $7.106M
YoY Change -17.18% -18.85%
TOTAL ASSETS
Total Short-Term Assets $249.4M $145.0M $160.1M
Total Long-Term Assets $6.460M $6.879M $7.106M
Total Assets $255.8M $151.9M $167.2M
YoY Change 327.11% 1062.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $387.0K $1.124M $1.017M
YoY Change 29.0% 80.83%
Accrued Expenses $2.100M $5.100M $3.100M
YoY Change -48.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.00K $49.00K $84.23K
YoY Change -99.68% -98.9%
Total Short-Term Liabilities $9.239M $13.13M $13.92M
YoY Change -66.16% -53.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $2.259M $2.227M $2.290M
YoY Change -24.7% -12.66%
Total Long-Term Liabilities $2.259M $2.227M $2.290M
YoY Change -24.7% -25.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.239M $13.13M $13.92M
Total Long-Term Liabilities $2.259M $2.227M $2.290M
Total Liabilities $11.50M $15.36M $16.21M
YoY Change -62.05% -51.83%
SHAREHOLDERS EQUITY
Retained Earnings -$342.9M -$328.8M -$310.9M
YoY Change 18.6%
Common Stock $30.00K $24.00K $24.34K
YoY Change 4303.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $244.3M $136.5M $151.0M
YoY Change
Total Liabilities & Shareholders Equity $255.8M $151.9M $167.2M
YoY Change 327.11% 1062.02%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$14.10M -$17.89M -$4.416M
YoY Change -3.99% 185.17% -39.48%
Depreciation, Depletion And Amortization $588.0K $590.0K $590.0K
YoY Change -5.92% -9.23% -11.94%
Cash From Operating Activities -$13.44M -$14.46M -$5.180M
YoY Change 71.21% 30.98% -16.45%
INVESTING ACTIVITIES
Capital Expenditures $186.0K -$380.0K -$370.0K
YoY Change 785.71% 3700.0%
Acquisitions
YoY Change
Other Investing Activities -$4.080M $6.240M -$121.6M
YoY Change
Cash From Investing Activities -$4.270M $5.870M -$122.0M
YoY Change 21250.0% -58800.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $37.00K
YoY Change -96.54%
Cash From Financing Activities 118.2M -30.00K -2.860M
YoY Change 113.31% -95.71% 81.01%
NET CHANGE
Cash From Operating Activities -13.44M -14.46M -5.180M
Cash From Investing Activities -4.270M 5.870M -122.0M
Cash From Financing Activities 118.2M -30.00K -2.860M
Net Change In Cash 100.4M -8.620M -130.1M
YoY Change 111.36% -26.64% 1571.72%
FREE CASH FLOW
Cash From Operating Activities -$13.44M -$14.46M -$5.180M
Capital Expenditures $186.0K -$380.0K -$370.0K
Free Cash Flow -$13.63M -$14.08M -$4.810M
YoY Change 73.12% 27.65% -22.42%

Facts In Submission

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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Concentration of risks</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has no significant off-balance sheet risk or credit risk concentrations. The Company maintains its cash and cash equivalents with various financial institutions. The Company maintains cash accounts that may at times exceed the federally insured limit; however, it has not experienced and does not anticipate experiencing any credit losses from maintaining cash accounts in excess of such limits.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company's revenues from its two largest collaboration partners and its largest grant as a percentage of total revenues were 80%, 10%, and 8%; 67%, 11%, and 9%; 85%, 8%, and 3%, for 2013, 2012, and 2011, respectively.</font></p> </div>
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CY2013 dei Entity Registrant Name
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PTC THERAPEUTICS, INC.
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0001070081
CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
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2013-12-31
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