$SGMO
SANGAMO THERAPEUTICS, INC

2018 Q2 Form 10-Q Financial Statement

#000156459018020536 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $21.42M $8.253M
YoY Change 159.49% 122.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $11.30M $6.040M
YoY Change 87.09% -45.54%
% of Gross Profit
Research & Development $29.26M $14.98M
YoY Change 95.29% -23.0%
% of Gross Profit
Depreciation & Amortization $600.0K $300.0K
YoY Change 100.0% 0.0%
% of Gross Profit
Operating Expenses $40.56M $21.02M
YoY Change 92.93% -31.18%
Operating Profit -$19.14M
YoY Change
Interest Expense $2.500M $280.0K
YoY Change 792.86% 16.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$16.64M -$12.49M
YoY Change 33.23% -53.05%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$16.64M -$12.49M
YoY Change 33.22% -53.0%
Net Earnings / Revenue -77.7% -151.35%
Basic Earnings Per Share
Diluted Earnings Per Share -$171.1K -$172.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $539.4M $249.9M
YoY Change 115.86% 45.04%
Cash & Equivalents $59.41M $69.84M
Short-Term Investments $480.0M $180.1M
Other Short-Term Assets $5.100M $2.000M
YoY Change 155.0% 53.85%
Inventory
Prepaid Expenses
Receivables $5.000M $3.500M
Other Receivables $500.0K $300.0K
Total Short-Term Assets $550.0M $255.7M
YoY Change 115.1% 45.16%
LONG-TERM ASSETS
Property, Plant & Equipment $37.20M $8.300M
YoY Change 348.19% 174.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.20M $16.30M
YoY Change 109.82%
Other Assets $4.700M $1.000M
YoY Change 370.0% 584.93%
Total Long-Term Assets $77.70M $27.30M
YoY Change 184.62% 474.01%
TOTAL ASSETS
Total Short-Term Assets $550.0M $255.7M
Total Long-Term Assets $77.70M $27.30M
Total Assets $627.7M $283.0M
YoY Change 121.8% 56.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.40M $9.200M
YoY Change 56.52% 31.43%
Accrued Expenses $4.300M $2.900M
YoY Change 48.28% 31.82%
Deferred Revenue $57.22M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.90M $41.70M
YoY Change 82.01% 188.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $3.900M
YoY Change -100.0% 1850.0%
Other Long-Term Liabilities $163.9M $43.40M
YoY Change 277.65% 600.0%
Total Long-Term Liabilities $163.9M $47.30M
YoY Change 246.51% 639.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.90M $41.70M
Total Long-Term Liabilities $163.9M $47.30M
Total Liabilities $239.9M $89.00M
YoY Change 169.55% 326.18%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $387.9M $194.0M
YoY Change
Total Liabilities & Shareholders Equity $627.7M $283.0M
YoY Change 121.8% 56.43%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$16.64M -$12.49M
YoY Change 33.22% -53.0%
Depreciation, Depletion And Amortization $600.0K $300.0K
YoY Change 100.0% 0.0%
Cash From Operating Activities $122.4M $56.80M
YoY Change 115.49% -452.8%
INVESTING ACTIVITIES
Capital Expenditures -$3.200M -$1.700M
YoY Change 88.24% 1600.0%
Acquisitions
YoY Change
Other Investing Activities -$308.9M -$82.60M
YoY Change 273.97% 2073.68%
Cash From Investing Activities -$312.1M -$84.40M
YoY Change 269.79% 2064.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 218.4M 79.00M
YoY Change 176.46%
NET CHANGE
Cash From Operating Activities 122.4M 56.80M
Cash From Investing Activities -312.1M -84.40M
Cash From Financing Activities 218.4M 79.00M
Net Change In Cash 28.70M 51.40M
YoY Change -44.16% -357.0%
FREE CASH FLOW
Cash From Operating Activities $122.4M $56.80M
Capital Expenditures -$3.200M -$1.700M
Free Cash Flow $125.6M $58.50M
YoY Change 114.7% -465.63%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AvailableForSaleSecuritiesDebtSecuritiesCurrent
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CY2017Q4 us-gaap Available For Sale Securities Debt Securities Current
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CY2017Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
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CY2018Q2 us-gaap Contract With Customer Liability Current
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CY2017Q4 us-gaap Contract With Customer Liability Current
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CY2017Q4 us-gaap Contract With Customer Liability Noncurrent
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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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 Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
32000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1477000
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12542000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36696000
us-gaap Profit Loss
ProfitLoss
-36827000
us-gaap Profit Loss
ProfitLoss
-29123000
us-gaap Depreciation Depletion And Amortization
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3564000
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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CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1133000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Payments To Acquire Property Plant And Equipment
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5768000
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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sgmo Net Proceeds From Issuance Public Offering
NetProceedsFromIssuancePublicOffering
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sgmo Net Proceeds From Issuance Public Offering
NetProceedsFromIssuancePublicOffering
81562000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
57000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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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
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:2.27%;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-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.17%;">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.</p></div>
sgmo Cash Equivalent Maturity Period Highly Liquid Investment
CashEquivalentMaturityPeriodHighlyLiquidInvestment
three months or less
CY2018Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2018Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2018Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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571489000
CY2017Q4 sgmo Cash Equivalents And Available For Sale Securities Amortized Cost
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CY2018Q2 sgmo Cash Equivalents And Available For Sale Securities Gross Unrealized Gain Before Tax
CashEquivalentsAndAvailableForSaleSecuritiesGrossUnrealizedGainBeforeTax
111000
CY2018Q2 sgmo Cash Equivalents And Available For Sale Securities Gross Unrealized Loss Before Tax
CashEquivalentsAndAvailableForSaleSecuritiesGrossUnrealizedLossBeforeTax
236000
CY2017Q4 sgmo Cash Equivalents And Available For Sale Securities Gross Unrealized Loss Before Tax
CashEquivalentsAndAvailableForSaleSecuritiesGrossUnrealizedLossBeforeTax
255000
CY2018Q2 sgmo Cash Equivalents And Available For Sale Securities
CashEquivalentsAndAvailableForSaleSecurities
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CY2017Q4 sgmo Cash Equivalents And Available For Sale Securities
CashEquivalentsAndAvailableForSaleSecurities
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us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2018Q2 sgmo Other Than Temporarily Impaired Investment
OtherThanTemporarilyImpairedInvestment
0
CY2017Q2 sgmo Other Than Temporarily Impaired Investment
OtherThanTemporarilyImpairedInvestment
0
sgmo Investments Maturity Dates Available For Sale Securities
InvestmentsMaturityDatesAvailableForSaleSecurities
P1Y
CY2018Q2 sgmo Cash Equivalents And Available For Sale Securities Mature Within Twenty Four Months
CashEquivalentsAndAvailableForSaleSecuritiesMatureWithinTwentyFourMonths
34200000
CY2014Q1 sgmo Number Of Research Program
NumberOfResearchProgram
2
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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sgmo Percentage Of Disallowance Of Entertainment Expense
PercentageOfDisallowanceOfEntertainmentExpense
1.00
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
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CY2017Q2 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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0001564590-18-020536-xbrl.zip Edgar Link pending
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report.css Edgar Link pending
sgmo-10q_20180630.htm Edgar Link pending
sgmo-20180630.xml Edgar Link completed
sgmo-20180630.xsd Edgar Link pending
sgmo-20180630_cal.xml Edgar Link unprocessable
sgmo-20180630_def.xml Edgar Link unprocessable
sgmo-20180630_lab.xml Edgar Link unprocessable
sgmo-20180630_pre.xml Edgar Link unprocessable
sgmo-ex109_61.htm Edgar Link pending
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