$SGMO
SANGAMO THERAPEUTICS, INC

2015 Q3 Form 10-Q Financial Statement

#000156459015009009 Filed on October 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q4 2014 Q3
Revenue $8.569M $14.95M $12.42M
YoY Change -30.99% 117.67% 117.57%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.560M $4.330M $3.730M
YoY Change 22.25% 5.35% 18.04%
% of Gross Profit
Research & Development $16.69M $14.99M $16.29M
YoY Change 2.46% 39.05% 87.18%
% of Gross Profit
Depreciation & Amortization $300.0K $100.0K $100.0K
YoY Change 200.0% -50.0% 0.0%
% of Gross Profit
Operating Expenses $21.25M $19.42M $20.07M
YoY Change 5.89% 29.1% 69.15%
Operating Profit -$12.69M
YoY Change
Interest Expense $100.0K $150.0K $110.0K
YoY Change -9.09% 400.0% 1000.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$12.58M -$4.320M -$7.545M
YoY Change 66.79% -46.93% 22.68%
Income Tax -$3.339M $0.00
% Of Pretax Income
Net Earnings -$9.245M -$4.319M -$7.545M
YoY Change 22.53% -46.97% 22.78%
Net Earnings / Revenue -107.89% -28.89% -60.76%
Basic Earnings Per Share
Diluted Earnings Per Share -$132.4K -$62.96K -$110.7K
COMMON SHARES
Basic Shares Outstanding 68.40M 68.16M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $219.3M $226.2M $162.4M
YoY Change 35.05% 63.44% 35.11%
Cash & Equivalents $34.29M $6.030M $11.21M
Short-Term Investments $185.0M $220.2M $151.2M
Other Short-Term Assets $1.000M $183.0K $887.0K
YoY Change 12.74% -4.19% 495.3%
Inventory
Prepaid Expenses $623.0K $751.0K
Receivables $7.000M $10.37M $8.474M
Other Receivables $400.0K $400.0K $300.0K
Total Short-Term Assets $227.7M $190.9M $173.2M
YoY Change 31.48% 96.23% 37.28%
LONG-TERM ASSETS
Property, Plant & Equipment $3.063M $1.479M $1.566M
YoY Change 95.59% 5.19% 4.82%
Goodwill $1.585M $1.585M $1.585M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $47.30M $69.00M
YoY Change -100.0% 22.22% 443.31%
Other Assets $185.0K $139.0K $108.0K
YoY Change 71.3% 247.5%
Total Long-Term Assets $4.833M $52.33M $74.18M
YoY Change -93.48% 20.13% 421.54%
TOTAL ASSETS
Total Short-Term Assets $227.7M $190.9M $173.2M
Total Long-Term Assets $4.833M $52.33M $74.18M
Total Assets $232.5M $243.2M $247.3M
YoY Change -6.0% 72.69% 76.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.900M $5.525M $8.000M
YoY Change 11.25% 82.83% 196.3%
Accrued Expenses $2.800M $3.400M $2.700M
YoY Change 3.7% -8.11% 35.0%
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 $22.10M $20.88M $19.49M
YoY Change 13.37% 106.12% 178.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.800M $14.90M $17.00M
YoY Change -60.0% 81.71% 136.11%
Total Long-Term Liabilities $6.800M $14.90M $17.00M
YoY Change -60.0% 81.71% 136.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.10M $20.88M $19.49M
Total Long-Term Liabilities $6.800M $14.90M $17.00M
Total Liabilities $29.00M $36.58M $37.21M
YoY Change -22.06% 91.23% 161.57%
SHAREHOLDERS EQUITY
Retained Earnings -$328.6M -$324.2M
YoY Change 8.74% 10.29%
Common Stock $535.2M $534.3M
YoY Change 26.28% 86922.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $203.6M $206.6M $210.1M
YoY Change
Total Liabilities & Shareholders Equity $232.5M $243.2M $247.3M
YoY Change -6.0% 72.69% 76.22%

Cashflow Statement

Concept 2015 Q3 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income -$9.245M -$4.319M -$7.545M
YoY Change 22.53% -46.97% 22.78%
Depreciation, Depletion And Amortization $300.0K $100.0K $100.0K
YoY Change 200.0% -50.0% 0.0%
Cash From Operating Activities -$14.20M -$2.700M -$5.800M
YoY Change 144.83% 58.82% 28.89%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K $0.00 -$100.0K
YoY Change 100.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $22.20M -$200.0K -$83.40M
YoY Change -126.62% -99.71% -6515.38%
Cash From Investing Activities $21.90M -$400.0K -$83.40M
YoY Change -126.26% -99.42% -6515.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.80M -2.100M 1.200M
YoY Change 1216.67% -520.0% -98.32%
NET CHANGE
Cash From Operating Activities -14.20M -2.700M -5.800M
Cash From Investing Activities 21.90M -400.0K -83.40M
Cash From Financing Activities 15.80M -2.100M 1.200M
Net Change In Cash 23.50M -5.200M -88.00M
YoY Change -126.7% -92.58% -228.84%
FREE CASH FLOW
Cash From Operating Activities -$14.20M -$2.700M -$5.800M
Capital Expenditures -$200.0K $0.00 -$100.0K
Free Cash Flow -$14.00M -$2.700M -$5.700M
YoY Change 145.61% 58.82% 29.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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PropertyPlantAndEquipmentNet
3063000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2015Q3 us-gaap Other Assets Noncurrent
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CY2014Q4 us-gaap Other Assets Current
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CY2014Q4 us-gaap Assets Current
AssetsCurrent
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CY2015Q3 us-gaap Assets Current
AssetsCurrent
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CY2015Q3 us-gaap Goodwill
Goodwill
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CY2014Q4 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
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CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2015Q3 us-gaap Assets
Assets
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CY2015Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2015Q3 us-gaap Accrued Employee Benefits Current
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CY2014Q4 sgmo Escrow Liability
EscrowLiability
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CY2014Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2015Q3 us-gaap Comprehensive Income Net Of Tax
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CY2015Q3 us-gaap Interest And Other Income
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CY2015Q3 us-gaap Operating Expenses
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CY2015Q3 us-gaap Operating Income Loss
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Revenues
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Net Income Loss
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CY2014Q4 us-gaap Additional Paid In Capital Common Stock
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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6165000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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-1800000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4087000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-24000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2015Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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sgmo Net Proceeds From Issuance Public Offering
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Issuance Of Common Stock
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sgmo Proceeds From Claims Settlement
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CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. On an ongoing basis, management evaluates its estimates, including critical accounting policies or estimates related to revenue recognition, clinical trial accruals, fair value measurements, business combinations including the fair value of the contingent consideration liability for payments to former Ceregene, Inc. (Ceregene) stockholders and intangible assets related to the acquisition of Ceregene, and stock-based compensation. Estimates are based on historical experience and on various other market specific and other relevant assumptions that the Company believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. </p></div>
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
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CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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CY2015Q3 us-gaap Available For Sale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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sgmo Settlement Recognized As Additional Paid In Capital Net Of Tax
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8700000

Files In Submission

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report.css Edgar Link pending
sgmo-10q_20150930.htm Edgar Link pending
sgmo-20150930.xml Edgar Link completed
sgmo-20150930.xsd Edgar Link pending
sgmo-20150930_cal.xml Edgar Link unprocessable
sgmo-20150930_def.xml Edgar Link unprocessable
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sgmo-20150930_pre.xml Edgar Link unprocessable
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