Ligand pharmaceuticals incorporated (LGND)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

117,527

71,543

225,302

273,047

105,113

117,164

115,560

151,459

51,024

20,620

32,739

60,223

10,641

18,752

86,580

61,350

31,293

97,428

93,770

108,238

165,766

160,203

180,663

14,537

12,977

11,639

3,271

5,923

5,037

12,381

7,046

8,885

9,777

7,041

2,251

3,441

3,346

Restricted cash

-

-

-

-

-

-

43,646

-

-

-

-

-

-

-

-

-

-

-

-

-

600

1,261

1,261

1,261

1,341

1,341

4,968

4,162

3,933

2,767

1,341

1,341

1,341

1,341

1,341

1,341

1,341

Short-term investments

621,284

939,989

874,383

1,059,002

1,323,575

601,217

891,128

805,468

213,329

181,041

169,520

112,404

148,733

122,296

37,535

45,603

81,908

102,791

93,528

73,371

11,459

7,133

5,925

7,490

12,275

4,340

-

-

-

0

0

1,500

1,517

10,000

10,000

10,000

19,351

Investment in Viking

32,879

58,335

49,856

60,376

72,741

55,448

0

0

0

6,438

5,137

6,014

7,262

8,345

17,339

18,733

28,118

29,728

31,826

33,996

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

39,506

30,387

21,958

20,259

26,615

55,850

46,976

42,001

37,108

25,596

12,816

13,462

7,057

14,700

6,586

9,966

11,779

6,170

5,517

5,532

7,423

12,634

5,812

3,133

4,673

2,222

5,507

699

4,622

4,589

2,157

817

1,992

6,110

1,719

1,038

993

Investment in Viking

-

-

-

-

-

-

105,183

59,796

27,535

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,517

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable from Viking

-

-

-

-

-

-

-

-

3,877

3,877

3,007

3,207

0

3,207

3,207

3,207

4,767

4,782

5,547

5,547

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

7,320

7,296

6,565

9,638

11,905

7,124

8,136

9,520

10,531

4,373

5,007

6,809

7,629

1,923

4,027

3,835

1,750

1,633

1,221

802

2,821

269

1,071

817

1,949

1,392

1,838

2,265

2,838

1,697

2,548

2,698

1,345

1,301

1,960

2,594

-

Derivative asset

-

-

0

14,300

18,718

22,576

509,257

399,409

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

7,271

11,361

-

-

-

142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,575

Capitalized IPO expenses, VIE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,408

2,268

2,131

1,094

-

0

-

-

-

-

-

-

-

-

-

-

-

Current debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

847

834

822

809

793

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Restricted investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

4,940

4,734

5,039

5,672

9,228

11,019

25,339

12,817

5,647

1,514

1,112

1,072

641

2,175

2,756

2,602

1,562

1,908

1,777

1,801

926

1,842

1,602

1,123

841

959

1,512

1,211

986

829

1,015

2,025

2,778

1,344

1,663

1,868

720

Current co-promote termination payments receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

-

523

391

688

4,329

4,507

4,472

4,257

4,327

4,431

4,934

5,898

6,197

8,030

8,029

8,034

Total current assets

830,727

1,123,645

1,183,103

1,442,307

1,567,895

870,540

1,745,225

1,480,470

349,051

237,021

224,201

197,177

174,701

163,053

140,691

126,563

133,059

214,712

210,324

196,725

191,713

185,158

198,520

28,585

33,403

24,881

16,635

14,570

17,740

23,823

17,434

21,096

23,544

32,230

26,817

28,139

37,019

Deferred income taxes, net

26,358

25,608

0

0

0

46,521

32,440

44,586

69,368

84,422

134,939

138,837

141,007

123,891

133,486

133,595

129,777

189,083

206,423

-

-

-

-

-

-

-

-

-

-

8

-

-

-

0

-

-

-

Note receivable from Viking

-

-

-

-

-

-

-

-

-

-

-

-

3,207

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

8

8

-

237

237

237

237

1,194

1,169

-

Intangible assets, net

206,520

210,448

216,268

212,609

216,290

219,793

216,276

222,001

225,306

228,584

196,578

199,284

201,990

204,705

207,435

210,142

212,823

48,347

48,941

49,535

50,129

50,723

51,317

51,911

52,505

53,099

53,692

54,245

55,319

55,912

56,580

57,162

57,744

58,326

-

-

12,251

Goodwill

94,341

95,229

93,513

88,000

86,809

86,646

85,961

85,961

85,961

85,959

72,207

72,207

72,207

72,207

72,359

72,360

72,997

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

12,238

-

-

700

Commercial license and other economic rights, net

10,381

20,090

35,413

40,008

31,023

31,460

20,934

20,437

19,969

19,526

23,721

22,962

25,630

25,821

25,985

26,141

8,546

8,554

8,598

8,598

4,568

4,568

4,568

4,567

4,571

4,571

4,571

4,571

-

0

-

-

-

-

-

-

-

Property and equipment, net

6,690

7,185

6,411

6,268

5,575

5,372

4,407

4,187

4,119

4,212

3,526

1,875

1,898

1,819

1,826

1,181

567

372

355

405

440

486

551

619

690

867

834

804

758

788

853

644

375

455

678

679

559

Operating lease right-of-use assets

9,630

10,353

10,280

10,964

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and other identifiable intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,929

75,699

-

Long-term portion of co-promote termination payments receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

413

448

7,417

8,387

8,579

7,916

8,207

8,644

9,822

14,226

15,255

20,616

21,346

22,851

Long-term debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,747

2,964

3,177

3,388

3,598

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other assets

1,270

2,357

2,488

1,680

6,396

471

499

642

894

4,859

2,028

1,668

1,821

1,744

1,744

603

70

27

248

301

358

207

230

253

275

299

344

394

451

517

416

524

563

738

777

773

838

Total assets

1,185,917

1,494,915

1,547,476

1,801,836

1,913,988

1,260,803

2,105,742

1,858,284

754,668

671,021

662,337

640,024

629,723

601,585

600,865

589,318

585,957

503,061

521,700

304,762

263,223

258,029

272,283

99,847

105,471

104,713

101,677

99,571

98,363

104,260

97,506

102,827

110,031

120,583

123,158

127,977

75,559

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Current liabilities:
Accounts payable

3,365

2,420

2,040

2,888

5,061

4,183

1,647

2,682

3,407

2,259

3,617

1,799

6,456

2,734

2,757

2,336

2,688

4,083

3,143

2,708

7,442

7,698

4,864

5,059

3,675

3,951

4,304

4,755

5,522

5,854

6,027

6,746

7,893

11,065

10,072

10,628

8,597

Accrued liabilities

11,848

9,836

13,060

11,540

14,771

19,200

9,267

9,312

8,480

7,377

6,423

5,325

4,680

6,397

6,675

4,951

3,669

5,405

4,156

5,629

4,263

4,866

4,311

3,241

5,451

5,337

4,619

4,021

4,518

4,961

5,381

4,228

4,143

5,054

7,480

6,814

8,859

Income tax payable

-

-

16,571

47,455

113,997

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued litigation settlement costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,000

Current contingent liabilities

871

2,607

1,794

4,763

4,666

5,717

3,678

7,495

7,545

4,703

86

86

111

5,088

5,079

5,337

5,285

10,414

7,620

7,674

3,692

6,796

4,184

2,877

1,094

1,712

1,879

780

356

356

323

4,140

2,449

6,879

6,446

5,955

-

Deferred revenue

4,354

2,139

2,230

939

2,808

3,286

2,450

1,700

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability

-

-

0

14,313

18,700

23,430

563,158

401,291

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

258

-

1,574

1,574

1,574

1,574

1,581

1,581

1,581

1,581

-

-

-

0

-

-

-

Current portion of deferred gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

426

851

1,702

Bank line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,500

1,500

10,000

10,000

10,000

-

Current note payable, VIE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

348

-

337

2,698

5,769

9,109

12,375

13,600

13,212

14,835

10,272

5,806

1,436

0

-

-

-

Current co-promote termination liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

-

523

391

688

4,329

4,507

4,472

4,257

4,327

4,431

4,934

5,898

6,197

8,030

8,029

8,034

Current lease exit obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

239

577

934

1,300

1,638

1,999

2,356

2,526

2,689

2,754

2,811

2,860

2,910

3,015

3,039

2,987

3,054

3,160

3,208

-

-

-

2019 convertible senior notes, net

-

-

0

27,087

26,756

26,433

213,144

210,370

227,547

224,529

221,557

218,630

215,748

212,910

210,115

207,363

-

201,985

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,505

121

21

-

34

300

67

1,063

114

92

0

116

336

452

556

486

458

412

727

1,240

-

38

-

Current portion of lease termination payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5,296

Total current liabilities

20,438

17,002

35,695

108,985

186,777

82,249

793,344

632,850

246,979

238,868

231,683

225,840

226,995

227,129

226,131

220,347

12,240

222,821

16,253

17,949

18,157

22,779

18,433

18,621

21,005

28,939

32,461

32,571

33,017

35,439

29,879

30,820

27,206

43,643

42,454

42,315

33,488

Long-term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

195,908

-

-

-

0

0

1,970

5,494

13,443

17,876

22,211

26,435

20,286

20,200

20,114

-

2023 convertible senior notes, net

444,432

638,959

631,533

624,209

616,987

609,864

602,839

595,912

-

0

-

-

-

-

0

0

204,653

-

202,951

200,567

198,219

-

193,631

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term contingent liabilities

5,811

6,335

7,995

8,314

8,955

6,825

9,053

8,146

6,376

9,258

5,196

3,860

3,035

2,916

3,933

4,138

4,022

3,033

7,589

11,089

8,213

8,353

12,267

12,223

12,743

11,795

8,552

9,219

12,384

10,543

7,735

-

-

10,419

14,294

15,006

-

Deferred income taxes, net

21,769

32,937

3,761

694

9,614

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liabilities

9,231

9,970

9,932

10,489

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term portion of co-promote termination liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

413

448

7,417

8,387

8,579

7,916

8,207

8,644

9,822

14,226

15,255

20,616

21,346

22,851

Long-term deferred revenue, net

-

-

-

-

-

-

-

-

3,000

-

-

-

-

-

-

-

-

-

2,083

2,083

2,085

2,085

2,085

2,085

2,085

2,085

2,085

2,085

2,125

2,369

2,538

2,722

3,370

3,466

1,291

1,291

2,546

Long-term lease exit obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

228

577

934

1,133

1,587

2,339

3,071

3,725

4,305

5,074

5,963

6,534

7,355

7,716

8,367

9,171

9,861

11,118

Long-term deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,059

2,797

2,792

1,214

1,104

1,151

1,098

962

901

791

725

2,662

2,520

2,372

2,230

3,184

3,137

372

Long-term portion of contingent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,511

9,787

-

-

-

700

Other long-term liabilities

22,340

22,480

7,979

7,692

11,681

951

986

1,563

1,135

4,248

695

915

915

687

408

398

446

297

643

734

780

770

737

728

699

695

690

673

966

1,086

403

388

388

388

545

694

989

Total liabilities

524,021

727,683

696,895

760,383

834,014

699,889

1,406,222

1,238,471

257,490

252,374

237,574

230,615

230,945

230,732

230,472

224,883

221,361

226,151

229,519

235,709

230,828

233,621

229,500

36,761

40,470

55,100

56,862

60,303

67,767

77,775

76,271

85,349

91,500

104,054

111,755

113,764

72,064

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

Equity component of currently redeemable convertible notes (Note 6)

-

-

-

-

-

-

0

0

16,078

18,900

21,597

24,293

26,948

29,563

32,138

-

-

39,628

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' equity:
Common stock subject to conditional redemption; 0 and 112,371 shares issued and outstanding at December 31, 2012 and 2011, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

8,344

8,344

8,344

8,344

Preferred stock, $0.001 par value; 5,000 shares authorized; zero issued and outstanding at March 31, 2020 and December 31, 2019

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Common stock, $0.001 par value; 60,000 shares authorized; 16,050 and 16,823 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

16

17

17

19

20

21

21

21

21

21

21

21

21

21

28

21

21

20

20

20

20

20

20

21

21

21

22

21

21

21

21

21

21

21

21

21

21

Additional paid-in capital

295,940

367,326

444,587

619,255

643,317

791,114

883,477

874,183

808,765

798,205

793,724

784,376

777,102

769,653

762,576

755,049

783,890

661,850

697,061

692,765

684,355

680,660

707,180

726,758

723,279

718,017

758,080

755,305

752,952

751,503

747,316

743,365

741,889

732,676

731,899

730,966

729,271

Accumulated other comprehensive loss

-4,867

-216

-1,493

-542

-503

-1,024

-64

-151

-286

2,486

3,335

3,059

3,105

2,743

3,652

3,745

3,568

4,903

5,558

11,265

9,334

4,953

3,543

5,041

10,943

2,914

2,201

1,395

1,166

0

-

0

0

-

-

0

31

Retained earnings

370,807

400,105

407,470

422,721

437,140

-229,197

-183,914

-254,240

-327,400

-400,924

-393,914

-402,340

-408,398

-431,127

-428,001

-429,053

-422,883

-429,491

-410,458

-634,997

-658,561

-659,315

-666,371

-667,650

-669,242

-671,339

-673,208

-675,173

-681,263

-682,759

-683,822

-683,628

-681,099

-682,232

-686,581

-682,838

-691,947

Treasury stock, at cost; 0 and 1,118,222 shares at December 31, 2013 and 2012, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,280

42,280

42,280

42,280

42,280

42,280

42,280

42,280

42,280

42,280

42,225

Total stockholders' equity

661,896

767,232

850,581

1,041,453

1,079,974

560,914

699,520

619,813

481,100

399,788

403,166

385,116

371,830

341,290

338,255

329,762

364,596

237,282

292,181

69,053

35,148

26,318

44,372

64,170

65,001

49,613

44,815

39,268

30,596

26,485

21,235

17,478

18,531

8,185

3,059

5,869

-4,849

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-2,753

-1,910

-1,589

-1,084

-

0

-

-

-

-

-

-

-

-

-

-

-

Total stockholder's equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,408

-

-

-

49,613

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity

1,185,917

1,494,915

1,547,476

1,801,836

1,913,988

1,260,803

2,105,742

1,858,284

754,668

671,021

662,337

640,024

629,723

601,585

600,865

589,318

585,957

503,061

521,700

304,762

263,223

258,029

272,283

99,847

105,471

104,713

101,677

99,571

98,363

104,260

97,506

102,827

110,031

120,583

123,158

127,977

75,559