2013 Q1 Form 10-K Financial Statement

#000104746913002185 Filed on March 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 2011 Q4
Revenue $0.00 $2.300M $0.00
YoY Change -100.0% -52.08%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.400M $22.80M $6.090M
YoY Change -12.34% 4.59% 3.05%
% of Gross Profit
Research & Development $20.32M $78.78M $19.82M
YoY Change 13.47% 13.59% 44.04%
% of Gross Profit
Depreciation & Amortization $669.0K $2.433M $530.0K
YoY Change 21.2% 24.45% 32.5%
% of Gross Profit
Operating Expenses $20.32M $78.78M $25.91M
YoY Change 13.47% 13.59% 31.72%
Operating Profit -$25.71M -$99.38M
YoY Change 10.3% 15.06%
Interest Expense $140.0K $500.0K $120.0K
YoY Change 1900.0% 71.43%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$25.57M -$98.80M -$25.79M
YoY Change 10.36% 14.92% 49.59%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$25.57M -$98.80M -$25.79M
YoY Change 10.36% 14.88% 49.59%
Net Earnings / Revenue -4295.65%
Basic Earnings Per Share -$1.32
Diluted Earnings Per Share -$293.4K -$1.32 -$360.5K
COMMON SHARES
Basic Shares Outstanding 87.14M shares 74.97M shares 71.24M shares
Diluted Shares Outstanding 74.97M shares

Balance Sheet

Concept 2013 Q1 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $272.5M $298.2M $247.6M
YoY Change 22.01% 20.44% 39.67%
Cash & Equivalents $34.16M $33.50M $18.63M
Short-Term Investments $238.3M $264.8M $229.0M
Other Short-Term Assets $3.000M $4.200M $2.600M
YoY Change 7.14% 61.54% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $275.4M $302.5M $250.2M
YoY Change 21.82% 20.9% 39.08%
LONG-TERM ASSETS
Property, Plant & Equipment $5.833M $5.800M $4.882M
YoY Change -1.2% 18.37% 7.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.701M $1.800M $1.991M
YoY Change -11.96% -10.0% -10.92%
Total Long-Term Assets $7.495M $7.500M $6.873M
YoY Change -4.35% 8.7% 1.54%
TOTAL ASSETS
Total Short-Term Assets $275.4M $302.5M $250.2M
Total Long-Term Assets $7.495M $7.500M $6.873M
Total Assets $282.9M $310.0M $257.1M
YoY Change 20.94% 20.58% 37.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.138M $1.700M $1.556M
YoY Change 11.24% 6.25% 10.91%
Accrued Expenses $6.200M $9.800M $9.800M
YoY Change 5.08% 0.0% 6.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.158M $12.20M $11.53M
YoY Change 13.92% 6.09% 1.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $91.00K $8.700M $117.0K
YoY Change -18.75% -7.45% -14.6%
Total Long-Term Liabilities $91.00K $8.700M $117.0K
YoY Change -18.75% -7.45% -14.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.158M $12.20M $11.53M
Total Long-Term Liabilities $91.00K $8.700M $117.0K
Total Liabilities $9.249M $20.90M $11.64M
YoY Change 13.47% -0.48% 1.58%
SHAREHOLDERS EQUITY
Retained Earnings -$785.8M -$661.4M
YoY Change 14.79% 14.94%
Common Stock $1.051B $897.6M
YoY Change 16.64% 21.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $265.3M $289.1M $236.1M
YoY Change
Total Liabilities & Shareholders Equity $282.9M $310.0M $257.1M
YoY Change 20.96% 20.58% 37.71%

Cashflow Statement

Concept 2013 Q1 2012 2011 Q4
OPERATING ACTIVITIES
Net Income -$25.57M -$98.80M -$25.79M
YoY Change 10.36% 14.88% 49.59%
Depreciation, Depletion And Amortization $669.0K $2.433M $530.0K
YoY Change 21.2% 24.45% 32.5%
Cash From Operating Activities -$25.11M -$85.21M -$18.66M
YoY Change 7.91% 22.82% -281.87%
INVESTING ACTIVITIES
Capital Expenditures $676.0K $3.377M -$180.0K
YoY Change -57.05% 46.63% -80.65%
Acquisitions
YoY Change
Other Investing Activities $26.46M -$35.66M $18.02M
YoY Change -4.68% -41.11% -178.28%
Cash From Investing Activities $25.79M -$39.03M $17.83M
YoY Change -1.53% -37.9% -174.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $139.1M
YoY Change -2.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 139.1M 770.0K
YoY Change -100.0% -2.04% 50.98%
NET CHANGE
Cash From Operating Activities -25.11M -85.21M -18.66M
Cash From Investing Activities 25.79M -39.03M 17.83M
Cash From Financing Activities 0.000 139.1M 770.0K
Net Change In Cash 680.0K 14.85M -60.00K
YoY Change -80.06% 52.31% -99.54%
FREE CASH FLOW
Cash From Operating Activities -$25.11M -$85.21M -$18.66M
Capital Expenditures $676.0K $3.377M -$180.0K
Free Cash Flow -$25.79M -$88.59M -$18.48M
YoY Change 3.79% 23.58% -265.15%

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>Financial statement preparation</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant estimates and assumptions made by management include those relating to the terms of our research and development collaborations (i.e.&#160;revenue recognition of upfront fees and certain contingent payments), investments, stock-based compensation, impairment issues, estimated useful life of assets, estimated accruals, particularly research and development accruals, and potential loss contingencies. We believe that the estimates and judgments upon which we rely are reasonable based upon information available to us at the time that these estimates and judgments are made, however actual results could differ from these estimates. To the extent there are material differences between these estimates and actual results, our financial statements will be affected.</font></p></div>
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17470710 shares

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