$SGMO
Sangamo Therapeutics Inc

2016 Q4 Form 10-Q Financial Statement

#000156459016026384 Filed on October 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $8.922M $2.823M $8.569M
YoY Change -2.18% -67.06% -30.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.860M $5.020M $4.560M
YoY Change -0.61% 10.09% 22.25%
% of Gross Profit
Research & Development $13.89M $17.01M $16.69M
YoY Change -30.24% 1.92% 2.46%
% of Gross Profit
Depreciation & Amortization $300.0K $200.0K $300.0K
YoY Change 0.0% -33.33% 200.0%
% of Gross Profit
Operating Expenses $18.75M $22.03M $21.25M
YoY Change -24.37% 3.65% 5.89%
Operating Profit -$12.69M
YoY Change
Interest Expense $220.0K $240.0K $100.0K
YoY Change 633.33% 140.0% -9.09%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.610M -$18.97M -$12.58M
YoY Change -38.59% 50.73% 66.79%
Income Tax $10.00K -$3.000K -$3.339M
% Of Pretax Income
Net Earnings -$9.624M -$18.97M -$9.245M
YoY Change -31.32% 105.14% 22.53%
Net Earnings / Revenue -107.87% -671.8% -107.89%
Basic Earnings Per Share
Diluted Earnings Per Share -$136.0K -$268.6K -$132.4K
COMMON SHARES
Basic Shares Outstanding 70.62M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $142.5M $155.1M $219.3M
YoY Change -31.8% -29.29% 35.05%
Cash & Equivalents $22.06M $27.99M $34.29M
Short-Term Investments $120.5M $127.1M $185.0M
Other Short-Term Assets $1.800M $1.500M $1.000M
YoY Change 125.0% 50.0% 12.74%
Inventory
Prepaid Expenses
Receivables $5.000M $1.500M $7.000M
Other Receivables $200.0K $300.0K $400.0K
Total Short-Term Assets $149.6M $148.8M $227.7M
YoY Change -29.63% -34.65% 31.48%
LONG-TERM ASSETS
Property, Plant & Equipment $6.600M $4.900M $3.063M
YoY Change 126.34% 59.97% 95.59%
Goodwill $1.585M $1.585M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $9.500M $0.00
YoY Change -100.0%
Other Assets $169.0K $200.0K $185.0K
YoY Change 11.18% 8.11% 71.3%
Total Long-Term Assets $8.291M $16.20M $4.833M
YoY Change 78.19% 235.2% -93.48%
TOTAL ASSETS
Total Short-Term Assets $149.6M $148.8M $227.7M
Total Long-Term Assets $8.291M $16.20M $4.833M
Total Assets $157.9M $165.0M $232.5M
YoY Change -27.32% -29.04% -6.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.580M $6.300M $8.900M
YoY Change -33.93% -29.21% 11.25%
Accrued Expenses $2.900M $2.800M $2.800M
YoY Change -6.45% 0.0% 3.7%
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 $13.29M $13.90M $22.10M
YoY Change -33.87% -37.1% 13.37%
LONG-TERM LIABILITIES
Long-Term Debt $3.900M $2.300M $0.00
YoY Change
Other Long-Term Liabilities $4.500M $5.000M $6.800M
YoY Change -4.26% -26.47% -60.0%
Total Long-Term Liabilities $8.400M $7.300M $6.800M
YoY Change 78.72% 7.35% -60.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.29M $13.90M $22.10M
Total Long-Term Liabilities $8.400M $7.300M $6.800M
Total Liabilities $21.70M $21.10M $29.00M
YoY Change -12.5% -27.24% -22.06%
SHAREHOLDERS EQUITY
Retained Earnings -$440.9M
YoY Change 19.41%
Common Stock $577.1M
YoY Change 2.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $136.2M $143.8M $203.6M
YoY Change
Total Liabilities & Shareholders Equity $157.9M $165.0M $232.5M
YoY Change -27.32% -29.03% -6.0%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$9.624M -$18.97M -$9.245M
YoY Change -31.32% 105.14% 22.53%
Depreciation, Depletion And Amortization $300.0K $200.0K $300.0K
YoY Change 0.0% -33.33% 200.0%
Cash From Operating Activities -$11.80M -$17.60M -$14.20M
YoY Change 29.67% 23.94% 144.83%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$100.0K -$200.0K
YoY Change 100.0% -50.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities $6.500M $32.20M $22.20M
YoY Change -85.68% 45.05% -126.62%
Cash From Investing Activities $6.200M $32.10M $21.90M
YoY Change -86.31% 46.58% -126.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -500.0K 600.0K 15.80M
YoY Change -50.0% -96.2% 1216.67%
NET CHANGE
Cash From Operating Activities -11.80M -17.60M -14.20M
Cash From Investing Activities 6.200M 32.10M 21.90M
Cash From Financing Activities -500.0K 600.0K 15.80M
Net Change In Cash -6.100M 15.10M 23.50M
YoY Change -117.33% -35.74% -126.7%
FREE CASH FLOW
Cash From Operating Activities -$11.80M -$17.60M -$14.20M
Capital Expenditures -$200.0K -$100.0K -$200.0K
Free Cash Flow -$11.60M -$17.50M -$14.00M
YoY Change 28.89% 25.0% 145.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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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, 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. During the first quarter of 2016, we revised the estimated performance period of the upfront Biogen license through June 2019. This change increased net loss by $0.9 million and $2.7 million for the three and nine months ended September 30, 2016, respectively. The change in the performance period also increased our basic net loss per share by $0.02 and $0.04 for the three and nine months ended September 30, 2016, respectively.</p></div>
CY2016Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2016Q3 sgmo Assets Accumulated Gross Unrealized Gain Before Tax
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CY2015Q4 sgmo Assets Accumulated Gross Unrealized Gain Before Tax
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CY2016Q3 sgmo Assets Accumulated Gross Unrealized Loss Before Tax
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CY2015Q4 sgmo Assets Accumulated Gross Unrealized Loss Before Tax
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CY2015Q4 sgmo Other Than Temporarily Impaired Investment
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sgmo Investments Maturity Dates Available For Sale Securities
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CY2015Q4 sgmo Operating Leases Number Of Extension Options
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CY2016Q3 sgmo Build To Suit Lease Costs Capitalized
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