2021 Q1 Form 10-Q Financial Statement

#000155837021005903 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $81.02M $55.76M
YoY Change 45.3% 341.71%
Cost Of Revenue $316.0K $155.0K
YoY Change 103.87% 40.91%
Gross Profit $80.70M $12.53M
YoY Change 544.33% 57.61%
Gross Profit Margin 99.61% 22.46%
Selling, General & Admin $22.12M $18.43M
YoY Change 20.03% -7.62%
% of Gross Profit 27.41% 147.15%
Research & Development $16.83M $16.15M
YoY Change 4.19% 47.48%
% of Gross Profit 20.85% 128.93%
Depreciation & Amortization $239.0K $171.0K
YoY Change 39.77% 6.88%
% of Gross Profit 0.3% 1.37%
Operating Expenses $38.95M $34.58M
YoY Change 12.63% 11.94%
Operating Profit $41.76M $21.03M
YoY Change 98.58% -191.65%
Interest Expense $485.0K $142.0K
YoY Change 241.55% -81.79%
% of Operating Profit 1.16% 0.68%
Other Income/Expense, Net
YoY Change
Pretax Income $41.27M $21.24M
YoY Change 94.28% -220.7%
Income Tax $1.800M $0.00
% Of Pretax Income 4.36% 0.0%
Net Earnings $39.50M $21.24M
YoY Change 85.94% -220.7%
Net Earnings / Revenue 48.75% 38.1%
Basic Earnings Per Share $0.23 $0.13
Diluted Earnings Per Share $0.22 $0.13
COMMON SHARES
Basic Shares Outstanding 169.8M 168.5M
Diluted Shares Outstanding 176.1M 168.6M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.30M $95.90M
YoY Change -59.02% -25.02%
Cash & Equivalents $20.05M $45.23M
Short-Term Investments $19.30M $50.70M
Other Short-Term Assets $8.300M $9.100M
YoY Change -8.79% 93.62%
Inventory $6.947M $1.600M
Prepaid Expenses
Receivables $142.2M $9.700M
Other Receivables $0.00 $0.00
Total Short-Term Assets $196.8M $116.3M
YoY Change 69.18% -16.51%
LONG-TERM ASSETS
Property, Plant & Equipment $2.498M $26.40M
YoY Change -90.54% -19.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $818.0K $700.0K
YoY Change 16.86% 0.0%
Total Long-Term Assets $19.24M $27.10M
YoY Change -29.02% -19.1%
TOTAL ASSETS
Total Short-Term Assets $196.8M $116.3M
Total Long-Term Assets $19.24M $27.10M
Total Assets $216.0M $143.4M
YoY Change 50.62% -17.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.095M $2.200M
YoY Change 131.59% 83.33%
Accrued Expenses $32.00M $26.90M
YoY Change 18.96% 14.96%
Deferred Revenue $9.500M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.02M $31.20M
YoY Change 66.74% 19.54%
LONG-TERM LIABILITIES
Long-Term Debt $19.80M $9.800M
YoY Change 102.04%
Other Long-Term Liabilities $57.53M $23.90M
YoY Change 140.72% -53.41%
Total Long-Term Liabilities $57.53M $33.70M
YoY Change 70.72% -34.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.02M $31.20M
Total Long-Term Liabilities $57.53M $33.70M
Total Liabilities $109.6M $64.90M
YoY Change 68.81% -16.26%
SHAREHOLDERS EQUITY
Retained Earnings -$1.266B
YoY Change
Common Stock $1.345B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $78.30M $78.50M
YoY Change
Total Liabilities & Shareholders Equity $216.0M $143.4M
YoY Change 50.62% -17.01%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $39.50M $21.24M
YoY Change 85.94% -220.7%
Depreciation, Depletion And Amortization $239.0K $171.0K
YoY Change 39.77% 6.88%
Cash From Operating Activities -$19.96M -$3.093M
YoY Change 545.17% 442.63%
INVESTING ACTIVITIES
Capital Expenditures $71.00K $607.0K
YoY Change -88.3% -259.74%
Acquisitions
YoY Change
Other Investing Activities $7.600M $25.07M
YoY Change -69.68% -3681.43%
Cash From Investing Activities $7.532M $24.46M
YoY Change -69.21% -2386.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.097M 1.336M
YoY Change 56.96% 6580.0%
NET CHANGE
Cash From Operating Activities -19.96M -3.093M
Cash From Investing Activities 7.532M 24.46M
Cash From Financing Activities 2.097M 1.336M
Net Change In Cash -10.33M 22.70M
YoY Change -145.48% -1501.48%
FREE CASH FLOW
Cash From Operating Activities -$19.96M -$3.093M
Capital Expenditures $71.00K $607.0K
Free Cash Flow -$20.03M -$3.700M
YoY Change 441.24% 1847.37%

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CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
358000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
203000
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><b style="font-size:10pt;font-weight:bold;">1.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><b style="font-size:10pt;font-weight:bold;">Nature of O</b><b style="font-size:10pt;font-weight:bold;">perations</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;padding-left:18pt;text-indent:-18pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We are a biotechnology company dedicated to discovering, developing and providing novel small molecule drugs that significantly improve the lives of patients with hematologic disorders, cancer and rare immune diseases. Our pioneering research focuses on signaling pathways that are critical to disease mechanisms. Our first product approved by the United States Food and Drug Administration (FDA) is TAVALISSE® (fostamatinib disodium hexahydrate) tablets, the only approved oral spleen tyrosine kinase (SYK) inhibitor, for the treatment of adult patients with chronic immune thrombocytopenia (ITP) who have had an insufficient response to a previous treatment. The product is also commercially available in Europe (TAVLESSE) and Canada (TAVALISSE) for the treatment of chronic immune thrombocytopenia in adult patients. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Fostamatinib is currently being studied in a Phase 3 trial for the treatment of warm autoimmune hemolytic anemia (wAIHA); a Phase 3 clinical trial for the treatment of hospitalized patients with COVID-19, a National Institutes of Health (NIH)/National Heart, Lung, and Blood Institute (NHLBI)-sponsored Phase 2 trial for the treatment of hospitalized patients with COVID-19, in collaboration with Inova Health System; and a Phase 2 trial for the treatment of COVID-19 being conducted by Imperial College London. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Our other clinical programs include our interleukin receptor-associated kinase (IRAK) inhibitor program and a receptor-interacting serine/threonine-protein kinase (RIP1) inhibitor program in clinical development with partner Eli Lilly and Company (Lilly). In addition, we have product candidates in clinical development with partners AstraZeneca AB (AZ), BerGenBio ASA (BerGenBio) and Daiichi Sankyo (Daiichi). </p>
CY2021Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><b style="font-size:10pt;font-weight:bold;">2.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><b style="font-size:10pt;font-weight:bold;">Basis of Presentation</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;padding-left:18pt;text-indent:-18pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Our accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP), for interim financial information and pursuant to the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities Act of 1933, as amended (Securities Act). Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These unaudited condensed financial statements include only normal and recurring adjustments that we believe are necessary to fairly state our financial position and the results of our operations and cash flows. Interim-period results are not necessarily indicative of results of operations or cash flows for a full-year or any subsequent interim period. The balance sheet as of December 31, 2020 has been derived from audited financial statements at that date but does not include all disclosures required by U.S. GAAP for complete financial statements. Because certain disclosures required by U.S. GAAP for complete financial statements are not included herein, these interim unaudited condensed financial statements and the notes accompanying them should be read in conjunction with our audited financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from these estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p>
CY2021Q1 rigl Customer Allowance For Prompt Payment Discounts
CustomerAllowanceForPromptPaymentDiscounts
105000
CY2020Q4 rigl Customer Allowance For Prompt Payment Discounts
CustomerAllowanceForPromptPaymentDiscounts
171000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39500000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21243000
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
169800000
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
168469000
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
169800000
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
168469000
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6269000
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
99000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176069000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168568000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8185000
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23206000
CY2021Q1 rigl Share Based Compensation Number Of Stock Option Plans
ShareBasedCompensationNumberOfStockOptionPlans
2
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2639000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2024000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
9702519
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
81018000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55761000
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
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CY2021Q1 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3299000
CY2021Q1 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
3958000
CY2021Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5406000
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3332000
CY2020Q1 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
2232000
CY2020Q1 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2009000
CY2020Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3555000
CY2021Q1 rigl Sales Discounts And Allowances
SalesDiscountsAndAllowances
3700000
CY2021Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5400000
CY2020Q1 rigl Sales Discounts And Allowances
SalesDiscountsAndAllowances
2700000
CY2021Q1 rigl Collaborative Arrangement Upfront Fee Received
CollaborativeArrangementUpfrontFeeReceived
125000000.0
CY2021Q1 us-gaap Accretion Expense
AccretionExpense
60000
CY2021Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
843000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1189000
CY2021Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
962000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
449000
CY2021Q1 us-gaap Inventory Net
InventoryNet
6947000
CY2020Q4 us-gaap Inventory Net
InventoryNet
1638000
CY2021Q1 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
4000000.0
CY2021Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
39345000
CY2020Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
57327000
CY2021Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
5142000
CY2021Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
39345000
CY2020Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
57327000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20047000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30373000
CY2021Q1 us-gaap Short Term Investments
ShortTermInvestments
19298000
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
26954000
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
26398000
CY2021Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
26397000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
35856000
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
35852000
CY2021Q1 rigl Cash Equivalents And Available For Sale Securities Weighted Average Maturity Period
CashEquivalentsAndAvailableForSaleSecuritiesWeightedAverageMaturityPeriod
P39D
CY2020 rigl Cash Equivalents And Available For Sale Securities Weighted Average Maturity Period
CashEquivalentsAndAvailableForSaleSecuritiesWeightedAverageMaturityPeriod
P78D
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
18
CY2021Q1 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
0
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17900000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
17200000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
19300000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M29D
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
229000
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
251000
CY2021Q1 us-gaap Lease Cost
LeaseCost
1569000
CY2020Q1 us-gaap Lease Cost
LeaseCost
1591000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1340000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1340000
CY2021Q1 rigl Lessee Leasing Arrangements Operating Leases Number Of Renewal Term Periods
LesseeLeasingArrangementsOperatingLeasesNumberOfRenewalTermPeriods
2
CY2021Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2014Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
57000
CY2017Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
9328
CY2021Q1 rigl Expected Income From Sublease
ExpectedIncomeFromSublease
8500000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15900000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2496000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2400000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1667000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6667000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6667000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4999000
CY2021Q1 rigl Fixed Sublease Expense
FixedSubleaseExpense
1095000
CY2020Q1 rigl Fixed Sublease Expense
FixedSubleaseExpense
1095000
CY2021Q1 rigl Variable Sublease Expense
VariableSubleaseExpense
241000
CY2020Q1 rigl Variable Sublease Expense
VariableSubleaseExpense
223000
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
1336000
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
1318000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7586000
CY2021Q1 rigl Sublease Payments To Be Received Next Twelve Months
SubleasePaymentsToBeReceivedNextTwelveMonths
3412000
CY2021Q1 rigl Lessee Operating Lease Liability Net Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityNetPaymentsRemainderOfFiscalYear
4174000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10485000
CY2021Q1 rigl Sublease Payments To Be Received Two Years
SubleasePaymentsToBeReceivedTwoYears
4716000
CY2021Q1 rigl Lessee Operating Lease Liability Net Payments Next Twelve Months
LesseeOperatingLeaseLiabilityNetPaymentsNextTwelveMonths
5769000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
877000
CY2021Q1 rigl Sublease Payments To Be Received Three Years
SubleasePaymentsToBeReceivedThreeYears
394000
CY2021Q1 rigl Lessee Operating Lease Liability Net Payments Due Year Two
LesseeOperatingLeaseLiabilityNetPaymentsDueYearTwo
483000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18948000
CY2021Q1 rigl Sublease Payments To Be Received
SubleasePaymentsToBeReceived
8522000
CY2021Q1 rigl Lessee Operating Lease Liability Net Payments
LesseeOperatingLeaseLiabilityNetPayments
10426000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
185000
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
20000000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0

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