LIGAND PHARMACEUTICALS INCLGND
| Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net income (loss) | - | - | - | 11 | 255 | -2 | 13 | 143 | 629 | -3 | 57 | -33 | - |
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Net income (loss) | 10 | -1 | 11 | 12 | 257 | -2 | 13 | 143 | 629 | -3 | 57 | -33 | 52 |
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Gain on sale of Pelican | - | - | - | - | - | - | - | - | - | 17 | - | - | 2 |
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Change in estimated fair value of contingent liabilities | -1 | -2 | -4 | -5 | -5 | -3 | -3 | -3 | 0 | -1 | 37 | 1 | 0 |
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Depreciation, Depletion and Amortization | 3 | 3 | 3 | 3 | 3 | 11 | 12 | 15 | 18 | 26 | 51 | 52 | 37 |
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Loss (gain) short-term investments | - | - | - | - | - | - | - | - | - | -17 | -4 | 29 | 46 |
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Amortization/accretion of premium (discount) on investments, net | - | - | - | - | - | -0 | 0 | 5 | 10 | -1 | -0 | -0 | 1 |
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Amortization of debt discount and issuance fees | - | - | - | - | 10 | 11 | 12 | 44 | 30 | 23 | 17 | 1 | 0 |
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Loss (gain) on debt extinguishment | - | - | - | - | - | - | - | - | - | - | -7 | 4 | - |
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Gain on derivative instruments | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
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Amortization of commercial license and other economic rights | - | - | - | - | - | - | - | - | 25 | 2 | -0 | -0 | -1 |
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Loss (gain) on debt extinguishment | - | - | - | - | - | - | - | - | - | - | -7 | 4 | - |
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Lease amortization expense | - | - | - | - | - | - | - | - | - | - | - | 6 | 2 |
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Amortization of commercial license and other economic rights | - | - | - | - | - | - | - | - | 25 | 2 | -0 | -0 | -1 |
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Share-based compensation | 3 | 4 | 6 | 11 | 12 | 19 | 25 | 21 | 25 | 31 | 39 | 60 | 26 |
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Adjustment to credit loss reserves of commercial license rights | - | - | - | - | - | - | - | - | - | - | - | - | 4 |
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Deferred income taxes, net | 13 | 1 | -0 | -0 | 220 | -11 | -45 | -30 | -75 | 19 | 9 | -21 | -12 |
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Impairment loss of commercial license rights | - | - | - | - | - | - | - | - | - | - | - | - | 1 |
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Other | - | - | - | - | 0 | - | - | - | -1 | 3 | 2 | 0 | 1 |
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Lease amortization expense | - | - | - | - | - | - | - | - | - | - | - | 6 | 2 |
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Accounts receivable, net | 4 | -2 | -2 | 10 | -6 | 9 | 8 | 30 | -25 | 26 | 29 | -55 | 3 |
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Inventory | -1 | -1 | -1 | -4 | 0 | 0 | 1 | 3 | 2 | 18 | 0 | -12 | 11 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Other economic rights | - | - | - | - | - | - | - | - | - | - | - | - | 5 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
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Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
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Share-based compensation | 3 | 4 | 6 | 11 | 12 | 19 | 25 | 21 | 25 | 31 | 39 | 60 | 26 |
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Losses from equity method investment in Primrose Bio | - | - | - | - | -5 | -23 | -2 | 42 | 3 | - | - | - | -2 |
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Deferred income taxes, net | 13 | 1 | -0 | -0 | 220 | -11 | -45 | -30 | -75 | 19 | 9 | -21 | -12 |
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Other | - | - | - | - | 0 | - | - | - | -1 | 3 | 2 | 0 | 1 |
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Accounts receivable, net | 4 | -2 | -2 | 10 | -6 | 9 | 8 | 30 | -25 | 26 | 29 | -55 | 3 |
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Inventory | -1 | -1 | -1 | -4 | 0 | 0 | 1 | 3 | 2 | 18 | 0 | -12 | 11 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Other economic rights | - | - | - | - | - | - | - | - | - | - | - | - | 5 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
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Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
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Net cash provided by operating activities | -1 | 0 | 21 | 21 | 42 | 63 | 94 | 194 | -29 | 55 | 79 | 138 | 50 |
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Net income (loss) | - | - | - | 11 | 255 | -2 | 13 | 143 | 629 | -3 | 57 | -33 | - |
---|
Net income (loss) | 10 | -1 | 11 | 12 | 257 | -2 | 13 | 143 | 629 | -3 | 57 | -33 | 52 |
---|
Gain on sale of Pelican | - | - | - | - | - | - | - | - | - | 17 | - | - | 2 |
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Change in estimated fair value of contingent liabilities | -1 | -2 | -4 | -5 | -5 | -3 | -3 | -3 | 0 | -1 | 37 | 1 | 0 |
---|
Depreciation, Depletion and Amortization | 3 | 3 | 3 | 3 | 3 | 11 | 12 | 15 | 18 | 26 | 51 | 52 | 37 |
---|
Loss (gain) short-term investments | - | - | - | - | - | - | - | - | - | -17 | -4 | 29 | 46 |
---|
Amortization/accretion of premium (discount) on investments, net | - | - | - | - | - | -0 | 0 | 5 | 10 | -1 | -0 | -0 | 1 |
---|
Amortization of debt discount and issuance fees | - | - | - | - | 10 | 11 | 12 | 44 | 30 | 23 | 17 | 1 | 0 |
---|
Loss (gain) on debt extinguishment | - | - | - | - | - | - | - | - | - | - | -7 | 4 | - |
---|
Gain on derivative instruments | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
---|
Amortization of commercial license and other economic rights | - | - | - | - | - | - | - | - | 25 | 2 | -0 | -0 | -1 |
---|
Loss (gain) on debt extinguishment | - | - | - | - | - | - | - | - | - | - | -7 | 4 | - |
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Lease amortization expense | - | - | - | - | - | - | - | - | - | - | - | 6 | 2 |
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Amortization of commercial license and other economic rights | - | - | - | - | - | - | - | - | 25 | 2 | -0 | -0 | -1 |
---|
Share-based compensation | 3 | 4 | 6 | 11 | 12 | 19 | 25 | 21 | 25 | 31 | 39 | 60 | 26 |
---|
Adjustment to credit loss reserves of commercial license rights | - | - | - | - | - | - | - | - | - | - | - | - | 4 |
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Deferred income taxes, net | 13 | 1 | -0 | -0 | 220 | -11 | -45 | -30 | -75 | 19 | 9 | -21 | -12 |
---|
Impairment loss of commercial license rights | - | - | - | - | - | - | - | - | - | - | - | - | 1 |
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Other | - | - | - | - | 0 | - | - | - | -1 | 3 | 2 | 0 | 1 |
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Lease amortization expense | - | - | - | - | - | - | - | - | - | - | - | 6 | 2 |
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Accounts receivable, net | 4 | -2 | -2 | 10 | -6 | 9 | 8 | 30 | -25 | 26 | 29 | -55 | 3 |
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Inventory | -1 | -1 | -1 | -4 | 0 | 0 | 1 | 3 | 2 | 18 | 0 | -12 | 11 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Other economic rights | - | - | - | - | - | - | - | - | - | - | - | - | 5 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
---|
Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
---|
Share-based compensation | 3 | 4 | 6 | 11 | 12 | 19 | 25 | 21 | 25 | 31 | 39 | 60 | 26 |
---|
Losses from equity method investment in Primrose Bio | - | - | - | - | -5 | -23 | -2 | 42 | 3 | - | - | - | -2 |
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Deferred income taxes, net | 13 | 1 | -0 | -0 | 220 | -11 | -45 | -30 | -75 | 19 | 9 | -21 | -12 |
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Other | - | - | - | - | 0 | - | - | - | -1 | 3 | 2 | 0 | 1 |
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Accounts receivable, net | 4 | -2 | -2 | 10 | -6 | 9 | 8 | 30 | -25 | 26 | 29 | -55 | 3 |
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Inventory | -1 | -1 | -1 | -4 | 0 | 0 | 1 | 3 | 2 | 18 | 0 | -12 | 11 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Other economic rights | - | - | - | - | - | - | - | - | - | - | - | - | 5 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Accounts payable and accrued liabilities | -12 | -5 | -3 | -3 | -4 | -2 | -2 | -5 | -7 | -1 | 3 | -3 | -5 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
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Income taxes receivable and payable | - | - | - | - | - | - | - | - | 11 | -9 | 4 | -2 | 2 |
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Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
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Deferred revenue | - | - | - | - | - | - | - | -1 | - | 29 | -18 | -6 | 0 |
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Other assets and liabilities | - | - | - | - | - | - | - | - | - | - | - | -6 | 10 |
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Net cash provided by operating activities | -1 | 0 | 21 | 21 | 42 | 63 | 94 | 194 | -29 | 55 | 79 | 138 | 50 |
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Cash paid for acquisition, net of cash and restricted cash acquired | - | - | 4 | 1 | 4 | 93 | 27 | 6 | 12 | 405 | - | - | 10 |
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Purchase of commercial license rights | - | - | - | - | - | 18 | - | 10 | - | - | - | - | 50 |
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Purchases of property and equipment | 0 | 1 | 0 | 0 | 0 | 2 | 2 | 1 | 3 | 4 | 9 | 18 | 4 |
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Purchases of short-term investments | 10 | - | - | - | 166 | 164 | 254 | 1,434 | 2,357 | 423 | 181 | 51 | 127 |
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Proceeds from commercial license rights | - | - | - | - | - | - | - | - | - | 1 | 0 | 0 | 0 |
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Proceeds from sale of short-term investments | 19 | 10 | - | 2 | 16 | 25 | 87 | 132 | 536 | 395 | 154 | 210 | 149 |
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Proceeds from maturity of short-term investments | - | - | - | - | 57 | 119 | 110 | 893 | 1,495 | 644 | 67 | 25 | 45 |
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Cash paid for equity method investment | - | - | - | - | - | - | - | - | - | - | - | - | 15 |
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Proceeds on sale of Vernalis R&D, net | - | - | - | - | - | - | - | - | - | 22 | - | - | - |
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Cash paid for Novan acquisition, net of restricted cash received | - | - | 4 | 1 | 4 | 93 | 27 | 6 | 12 | 405 | - | - | 10 |
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Other, net | 0 | 0 | 0 | -0 | - | - | - | - | 5 | -2 | 1 | 1 | - |
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Net cash (used) provided in investing activities | -25 | 1 | -5 | -2 | -113 | -143 | -84 | -423 | 467 | 232 | 31 | 164 | -12 |
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Net cash transferred to OmniAb at separation | - | - | - | - | - | - | - | - | - | - | - | 2 | - |
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Repayment at maturity/repurchase of 2023 Notes | - | 10 | 20 | 9 | - | - | - | 218 | 27 | 222 | 156 | 261 | 77 |
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Payments under finance lease obligations | - | - | - | - | - | - | - | - | - | 10 | 9 | 0 | 0 |
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Cash paid for OmniAb transaction costs | - | - | - | - | - | - | - | - | - | - | - | 7 | - |
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Proceeds from bond hedge settlement | - | - | - | - | - | - | - | 440 | 12 | - | 19 | 0 | - |
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Cash paid for debt issuance costs | - | - | - | 6 | - | - | - | 17 | - | - | - | - | 1 |
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Proceeds from Stock Options Exercised | - | 1 | 3 | 5 | 9 | 6 | 5 | 20 | 3 | 3 | 34 | 3 | 22 |
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Proceeds from bond hedge settlement | - | - | - | - | - | - | - | 440 | 12 | - | 19 | 0 | - |
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Taxes paid related to net share settlement of equity awards | - | - | - | - | - | 1 | 10 | 4 | 4 | 1 | 6 | 8 | 5 |
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Proceeds from Stock Options Exercised | - | 1 | 3 | 5 | 9 | 6 | 5 | 20 | 3 | 3 | 34 | 3 | 22 |
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Share repurchases | 0 | - | - | 68 | 0 | 4 | 2 | 123 | 453 | 78 | - | - | - |
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Taxes paid related to net share settlement of equity awards | - | - | - | - | - | 1 | 10 | 4 | 4 | 1 | 6 | 8 | 5 |
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Repurchase of warrants | - | - | - | - | - | - | - | 30 | 0 | - | 18 | - | - |
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Payments to CVR Holders | - | - | - | - | - | - | - | 0 | 3 | 2 | 1 | 2 | - |
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Net cash used in financing activities | 30 | 4 | -16 | 130 | 8 | 2 | -8 | 329 | -485 | -311 | -138 | -276 | -60 |
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Net increase (decrease) in cash, cash equivalents, and restricted cash | - | - | - | - | - | - | - | 99 | -48 | -24 | -28 | 25 | -22 |
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Interest paid | - | - | - | - | - | - | - | 2 | 6 | 4 | 3 | 1 | 0 |
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Taxes paid | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 104 | 2 | 4 | 12 | 9 |
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Net cash paid for Novan | - | - | 4 | 1 | 4 | 93 | 27 | 6 | 12 | 405 | - | - | 10 |
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Accrued inventory purchases | - | - | - | - | - | 1 | 1 | 2 | 0 | 2 | 2 | - | - |
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Accrued Primrose transaction costs | - | - | - | - | - | - | - | - | - | - | - | - | 1 |
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Unrealized Gain (Loss) on Investments | - | - | 3 | 4 | 3 | -1 | 0 | 0 | 0 | -0 | -0 | -0 | 0 |
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Accrued royalty from commercial license rights | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
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Accrued fixed asset purchases | - | - | - | - | - | - | - | - | 0 | 0 | 2 | 2 | - |
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Accrued commercial license rights purchases | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
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Accrued debt issuance costs | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
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Accrued fixed asset purchases | - | - | - | - | - | - | - | - | 0 | 0 | 2 | 2 | - |
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Accrued inventory purchases | - | - | - | - | - | 1 | 1 | 2 | 0 | 2 | 2 | - | - |
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Unrealized Gain (Loss) on Investments | - | - | 3 | 4 | 3 | -1 | 0 | 0 | 0 | -0 | -0 | -0 | 0 |
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Cash paid for acquisition, net of cash and restricted cash acquired | - | - | 4 | 1 | 4 | 93 | 27 | 6 | 12 | 405 | - | - | 10 |
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Purchase of commercial license rights | - | - | - | - | - | 18 | - | 10 | - | - | - | - | 50 |
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Purchases of property and equipment | 0 | 1 | 0 | 0 | 0 | 2 | 2 | 1 | 3 | 4 | 9 | 18 | 4 |
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Purchases of short-term investments | 10 | - | - | - | 166 | 164 | 254 | 1,434 | 2,357 | 423 | 181 | 51 | 127 |
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Proceeds from commercial license rights | - | - | - | - | - | - | - | - | - | 1 | 0 | 0 | 0 |
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Proceeds from sale of short-term investments | 19 | 10 | - | 2 | 16 | 25 | 87 | 132 | 536 | 395 | 154 | 210 | 149 |
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Proceeds from maturity of short-term investments | - | - | - | - | 57 | 119 | 110 | 893 | 1,495 | 644 | 67 | 25 | 45 |
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Cash paid for equity method investment | - | - | - | - | - | - | - | - | - | - | - | - | 15 |
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Proceeds on sale of Vernalis R&D, net | - | - | - | - | - | - | - | - | - | 22 | - | - | - |
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Cash paid for Novan acquisition, net of restricted cash received | - | - | 4 | 1 | 4 | 93 | 27 | 6 | 12 | 405 | - | - | 10 |
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Other, net | 0 | 0 | 0 | -0 | - | - | - | - | 5 | -2 | 1 | 1 | - |
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Net cash (used) provided in investing activities | -25 | 1 | -5 | -2 | -113 | -143 | -84 | -423 | 467 | 232 | 31 | 164 | -12 |
---|
Net cash transferred to OmniAb at separation | - | - | - | - | - | - | - | - | - | - | - | 2 | - |
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Repayment at maturity/repurchase of 2023 Notes | - | 10 | 20 | 9 | - | - | - | 218 | 27 | 222 | 156 | 261 | 77 |
---|
Payments under finance lease obligations | - | - | - | - | - | - | - | - | - | 10 | 9 | 0 | 0 |
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Cash paid for OmniAb transaction costs | - | - | - | - | - | - | - | - | - | - | - | 7 | - |
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Proceeds from bond hedge settlement | - | - | - | - | - | - | - | 440 | 12 | - | 19 | 0 | - |
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Cash paid for debt issuance costs | - | - | - | 6 | - | - | - | 17 | - | - | - | - | 1 |
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Proceeds from Stock Options Exercised | - | 1 | 3 | 5 | 9 | 6 | 5 | 20 | 3 | 3 | 34 | 3 | 22 |
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Proceeds from bond hedge settlement | - | - | - | - | - | - | - | 440 | 12 | - | 19 | 0 | - |
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Taxes paid related to net share settlement of equity awards | - | - | - | - | - | 1 | 10 | 4 | 4 | 1 | 6 | 8 | 5 |
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Proceeds from Stock Options Exercised | - | 1 | 3 | 5 | 9 | 6 | 5 | 20 | 3 | 3 | 34 | 3 | 22 |
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Share repurchases | 0 | - | - | 68 | 0 | 4 | 2 | 123 | 453 | 78 | - | - | - |
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Taxes paid related to net share settlement of equity awards | - | - | - | - | - | 1 | 10 | 4 | 4 | 1 | 6 | 8 | 5 |
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Repurchase of warrants | - | - | - | - | - | - | - | 30 | 0 | - | 18 | - | - |
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Payments to CVR Holders | - | - | - | - | - | - | - | 0 | 3 | 2 | 1 | 2 | - |
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Net cash used in financing activities | 30 | 4 | -16 | 130 | 8 | 2 | -8 | 329 | -485 | -311 | -138 | -276 | -60 |
---|
Net increase (decrease) in cash, cash equivalents, and restricted cash | - | - | - | - | - | - | - | 99 | -48 | -24 | -28 | 25 | -22 |
---|
Interest paid | - | - | - | - | - | - | - | 2 | 6 | 4 | 3 | 1 | 0 |
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Taxes paid | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 104 | 2 | 4 | 12 | 9 |
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Net cash paid for Novan | - | - | 4 | 1 | 4 | 93 | 27 | 6 | 12 | 405 | - | - | 10 |
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Accrued inventory purchases | - | - | - | - | - | 1 | 1 | 2 | 0 | 2 | 2 | - | - |
---|
Accrued Primrose transaction costs | - | - | - | - | - | - | - | - | - | - | - | - | 1 |
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Unrealized Gain (Loss) on Investments | - | - | 3 | 4 | 3 | -1 | 0 | 0 | 0 | -0 | -0 | -0 | 0 |
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Accrued royalty from commercial license rights | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
---|
Accrued fixed asset purchases | - | - | - | - | - | - | - | - | 0 | 0 | 2 | 2 | - |
---|
Accrued commercial license rights purchases | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
---|
Accrued debt issuance costs | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
---|
Accrued fixed asset purchases | - | - | - | - | - | - | - | - | 0 | 0 | 2 | 2 | - |
---|
Accrued inventory purchases | - | - | - | - | - | 1 | 1 | 2 | 0 | 2 | 2 | - | - |
---|
Unrealized Gain (Loss) on Investments | - | - | 3 | 4 | 3 | -1 | 0 | 0 | 0 | -0 | -0 | -0 | 0 |
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