$XBIT
XBiotech Inc

2016 Q4 Form 10-K Financial Statement

#000117184318002043 Filed on March 16, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.760M $2.690M $2.400M
YoY Change 66.27% 149.07% 17.65%
% of Gross Profit
Research & Development $13.69M $9.774M $11.22M
YoY Change 31.51% 0.44% 155.96%
% of Gross Profit
Depreciation & Amortization $170.0K $180.0K $170.0K
YoY Change -10.53% 5.88% 0.0%
% of Gross Profit
Operating Expenses $16.44M $12.46M $13.62M
YoY Change 36.21% 15.21% 112.04%
Operating Profit -$16.44M -$12.46M -$13.62M
YoY Change -215.21% -312.04%
Interest Expense $40.00K -$30.00K -$10.00K
YoY Change -75.0% -137.5% -96.88%
% of Operating Profit
Other Income/Expense, Net $0.00 -$25.00K -$7.000K
YoY Change -100.0% -132.05% -97.83%
Pretax Income -$16.40M -$12.48M -$13.62M
YoY Change 37.93% 16.2% 102.08%
Income Tax
% Of Pretax Income
Net Earnings -$16.40M -$12.48M -$13.62M
YoY Change 37.91% 16.28% 101.99%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$504.5K -$384.7K -$420.6K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.30M $46.80M $64.80M
YoY Change -62.35% -55.72% -44.8%
Cash & Equivalents $34.32M $46.79M $64.80M
Short-Term Investments
Other Short-Term Assets $2.600M $2.000M $1.500M
YoY Change 30.0% 5.26% -50.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $36.93M $48.84M $66.33M
YoY Change -60.31% -54.6% -44.91%
LONG-TERM ASSETS
Property, Plant & Equipment $10.14M $10.08M $9.779M
YoY Change 70.57% 107.7% 50.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $30.12M $29.45M $26.87M
YoY Change 84.59% 156.99% 319.89%
TOTAL ASSETS
Total Short-Term Assets $36.93M $48.84M $66.33M
Total Long-Term Assets $30.12M $29.45M $26.87M
Total Assets $67.05M $78.29M $93.20M
YoY Change -38.69% -34.23% -26.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.431M $4.465M $8.494M
YoY Change -8.17% 12.64% 269.3%
Accrued Expenses $3.532M $2.176M $1.882M
YoY Change 140.93% 118.91% 213.67%
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 $7.963M $6.641M $10.38M
YoY Change 26.58% 33.95% 257.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.963M $6.641M $10.38M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $7.986M $6.663M $10.40M
YoY Change 26.6% 34.06% 258.52%
SHAREHOLDERS EQUITY
Retained Earnings -$183.4M -$167.0M -$154.5M
YoY Change 40.38% 40.63%
Common Stock $242.4M $238.8M $237.5M
YoY Change 3.64% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $59.06M $71.63M $82.80M
YoY Change
Total Liabilities & Shareholders Equity $67.05M $78.29M $93.20M
YoY Change -38.69% -34.23% -26.5%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income -$16.40M -$12.48M -$13.62M
YoY Change 37.91% 16.28% 101.99%
Depreciation, Depletion And Amortization $170.0K $180.0K $170.0K
YoY Change -10.53% 5.88% 0.0%
Cash From Operating Activities -$12.81M -$15.01M -$8.250M
YoY Change 19.72% 107.89% -6.88%
INVESTING ACTIVITIES
Capital Expenditures -$1.960M -$3.180M -$5.850M
YoY Change -47.59% -28.38% 256.71%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.960M -$3.180M -$5.850M
YoY Change -47.59% -28.38% 256.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.800M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.070M 160.0K 710.0K
YoY Change 433.33% -99.06%
NET CHANGE
Cash From Operating Activities -12.81M -15.01M -8.250M
Cash From Investing Activities -1.960M -3.180M -5.850M
Cash From Financing Activities 2.070M 160.0K 710.0K
Net Change In Cash -12.70M -18.03M -13.39M
YoY Change -12.05% 55.03% -120.65%
FREE CASH FLOW
Cash From Operating Activities -$12.81M -$15.01M -$8.250M
Capital Expenditures -$1.960M -$3.180M -$5.850M
Free Cash Flow -$10.85M -$11.83M -$2.400M
YoY Change 55.89% 325.54% -66.76%

Facts In Submission

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; margin: 0pt 0"><div style="display: inline; font-weight: bold;">Use of Estimates </div></div> <div style=" font-size: 10pt; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">The preparation of financial statements in accordance with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported values of amounts in the financial statements and accompanying notes. Actual results could differ from those estimates.</div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">Prior to its initial public offering on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> April 15, 2015, </div>the Company utilized significant estimates and assumptions in determining the fair value of its common stock. The board of directors determined the estimated fair value of the Company&#x2019;s common stock based on a number of objective and subjective factors, including the prices at which the Company sold shares of its common stock to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div> parties and external market conditions affecting the biotechnology industry sector. After the initial public offering, the fair market value is calculated by using the closing price of the Company&#x2019;s common stock as reported by NASDAQ.</div></div></div></div></div></div></div>
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