$RGLS
Regulus Therapeutics Inc.

2014 Q1 Form 10-K Financial Statement

#000119312514074001 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2012 Q4 2012 Q3
Revenue $1.631M $3.238M $2.809M
YoY Change -49.63% -3.72% -26.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.730M $1.930M $1.090M
YoY Change 42.93% 150.65% 19.78%
% of Gross Profit
Research & Development $9.604M $5.610M $5.248M
YoY Change 39.53% 25.5% 35.43%
% of Gross Profit
Depreciation & Amortization $354.0K $280.0K $260.0K
YoY Change 22.49% 12.0% 13.04%
% of Gross Profit
Operating Expenses $12.34M $7.541M $6.341M
YoY Change 40.37% 43.97% 32.6%
Operating Profit -$10.71M -$3.532M
YoY Change 92.88% 263.0%
Interest Expense $11.00K $80.00K $110.0K
YoY Change -84.29% -233.33% 13.4%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$12.74M -$6.860M -$5.691M
YoY Change 75.99% 253.61% 446.69%
Income Tax $1.000K $20.00K -$6.000K
% Of Pretax Income
Net Earnings -$12.74M -$6.876M -$5.685M
YoY Change 76.25% 241.24% 444.02%
Net Earnings / Revenue -781.18% -212.35% -202.39%
Basic Earnings Per Share -$0.30 -$15.98
Diluted Earnings Per Share -$0.30 -$10.12M -$15.98
COMMON SHARES
Basic Shares Outstanding 43.17M shares 35.83M shares 355.7M shares
Diluted Shares Outstanding 355.7M shares

Balance Sheet

Concept 2014 Q1 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.6M $98.10M $30.90M
YoY Change 26.35% 157.48%
Cash & Equivalents $8.476M $40.55M $17.43M
Short-Term Investments $106.1M $57.50M $13.50M
Other Short-Term Assets $3.500M $800.0K $500.0K
YoY Change 218.18% 60.0%
Inventory
Prepaid Expenses
Receivables $100.0K $3.000M
Other Receivables $0.00 $0.00
Total Short-Term Assets $118.2M $98.93M $34.36M
YoY Change 28.83% 155.86%
LONG-TERM ASSETS
Property, Plant & Equipment $3.805M $3.310M $3.144M
YoY Change -2.24% 6.43%
Goodwill
YoY Change
Intangibles $1.095M $1.154M $1.124M
YoY Change -6.89% 17.76%
Long-Term Investments
YoY Change
Other Assets $978.0K $125.0K $2.096M
YoY Change 414.74% 0.0%
Total Long-Term Assets $5.878M $4.589M $6.364M
YoY Change 11.79% 8.87%
TOTAL ASSETS
Total Short-Term Assets $118.2M $98.93M $34.36M
Total Long-Term Assets $5.878M $4.589M $6.364M
Total Assets $124.1M $103.5M $40.72M
YoY Change 27.91% 141.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.691M $311.0K $649.0K
YoY Change 576.13% -37.92%
Accrued Expenses $3.279M $658.0K $2.100M
YoY Change 40.43% -30.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K
YoY Change
Total Short-Term Liabilities $9.568M $12.77M $13.41M
YoY Change -24.62% -0.64%
LONG-TERM LIABILITIES
Long-Term Debt $13.40M $10.10M $17.40M
YoY Change 12.61% -2.88%
Other Long-Term Liabilities $1.361M $767.0K $18.30M
YoY Change 69.28% -58.47%
Total Long-Term Liabilities $1.361M $767.0K $35.70M
YoY Change 69.28% -58.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.568M $12.77M $13.41M
Total Long-Term Liabilities $1.361M $767.0K $35.70M
Total Liabilities $31.82M $41.43M $49.18M
YoY Change -22.69% -0.62%
SHAREHOLDERS EQUITY
Retained Earnings -$91.83M -$60.42M -$53.54M
YoY Change 35.74% 40.47%
Common Stock $43.00K $36.00K $0.00
YoY Change 19.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $92.29M $62.09M -$51.15M
YoY Change
Total Liabilities & Shareholders Equity $124.1M $103.5M $40.72M
YoY Change 27.91% 141.41%

Cashflow Statement

Concept 2014 Q1 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$12.74M -$6.876M -$5.685M
YoY Change 76.25% 241.24% 444.02%
Depreciation, Depletion And Amortization $354.0K $280.0K $260.0K
YoY Change 22.49% 12.0% 13.04%
Cash From Operating Activities -$9.029M $850.0K $230.0K
YoY Change 26.19% -115.51% -87.57%
INVESTING ACTIVITIES
Capital Expenditures $75.00K -$430.0K $10.00K
YoY Change -2.6% 72.0%
Acquisitions
YoY Change
Other Investing Activities -$10.41M -$44.31M $8.500M
YoY Change -33.57% -1109.34% -240.96%
Cash From Investing Activities -$10.48M -$44.73M $8.510M
YoY Change -33.43% -1185.68% -241.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.728M $70.00M
YoY Change 11344.71%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.18M 67.01M 3.760M
YoY Change 5784.97% -83862.5% -3860.0%
NET CHANGE
Cash From Operating Activities -9.029M 850.0K 230.0K
Cash From Investing Activities -10.48M -44.73M 8.510M
Cash From Financing Activities 10.18M 67.01M 3.760M
Net Change In Cash -9.331M 23.13M 12.50M
YoY Change -58.95% -1706.25% -392.74%
FREE CASH FLOW
Cash From Operating Activities -$9.029M $850.0K $230.0K
Capital Expenditures $75.00K -$430.0K $10.00K
Free Cash Flow -$9.104M $1.280M $220.0K
YoY Change 25.88% -124.47% -88.11%

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REGULUS THERAPEUTICS INC.
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IncreaseDecreaseInAccountsPayable
-189000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65788000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5923000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-9000
CY2012 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
5000000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
139000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1017000
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1550000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
600000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30384000
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20342000
CY2012 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
33083000
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000
CY2012 rgls Income Tax Reconciliation Gain Loss On Extinguishment Of Debt
IncomeTaxReconciliationGainLossOnExtinguishmentOfDebt
692000
CY2012 rgls Income Tax Reconciliation Change In Fair Value Of Convertible Notes
IncomeTaxReconciliationChangeInFairValueOfConvertibleNotes
1183000
CY2012 rgls Unrecognized Tax Benefits Increases Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesDecreasesResultingFromPriorPeriodTaxPositions
50000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2013Q1 us-gaap Revenues
Revenues
3238000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-7229000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
8788000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-13.06
CY2012Q1 us-gaap Revenues
Revenues
3344000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-2248000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
5525000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-10.78
CY2012Q2 us-gaap Revenues
Revenues
3309000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-2599000
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
5867000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2013Q2 us-gaap Revenues
Revenues
4759000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-7348000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
9445000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-15.98
CY2012Q3 us-gaap Revenues
Revenues
2809000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-5685000
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
6341000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2013Q3 us-gaap Revenues
Revenues
6118000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-2164000
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
7541000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
9023000
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
CY2013Q4 us-gaap Operating Expenses
OperatingExpenses
10116000
CY2012Q4 us-gaap Revenues
Revenues
3238000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-6876000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2013Q4 us-gaap Revenues
Revenues
5454000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-1927000

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