Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v2.4.0.8
Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Summary of segment information
Segment information is as follows (in thousands):
Balance Sheet Data:
As of September 30, 2014
 
Ligand
 
CyDex
 
Total
Total assets
$
203,296

 
$
68,987

 
$
272,283

 
 
 
 
 
 
 
As of December 31, 2013
 
Ligand
 
CyDex
 
Total
Total assets
$
38,408

 
$
66,305

 
$
104,713

 
 
 
 
 
 
Operating Data:
For the three months ended September 30, 2014
 
Ligand
 
CyDex
 
Total
Net revenues from external customers
$
6,424

 
$
8,549

 
$
14,973

Depreciation and amortization expense
(61
)
 
(601
)
 
(662
)
Operating (loss) income
(1,683
)
 
5,215

 
3,532

Interest expense, net
(1,516
)
 

 
(1,516
)
Income tax expense from continuing operations
(115
)
 
(9
)
 
(124
)
 
 
 
 
 
 
 
For the three months ended September 30, 2013
 
Ligand
 
CyDex
 
Total
Net revenues from external customers
4,731

 
8,274

 
$
13,005

Depreciation and amortization expense
(62
)
 
(606
)
 
$
(668
)
Operating (loss) income
(1,142
)
 
4,212

 
$
3,070

Interest expense, net
(394
)
 

 
$
(394
)
Income tax (expense) benefit from continuing operations
(70
)
 
10

 
$
(60
)
Gain on sale of Avinza Product Line before income taxes

 

 
$

 
 
 
 
 
 
 
For the nine months ended September 30, 2014
 
Ligand
 
CyDex
 
Total
Net revenues from external customers
18,907

 
22,632

 
$
41,539

Depreciation and amortization expense
(194
)
 
(1,804
)
 
(1,998
)
Operating (loss) income
(2,622
)
 
12,611

 
9,989

Interest expense, net
(1,946
)
 

 
(1,946
)
Income tax expense from continuing operations
(123
)
 
(8
)
 
(131
)
 
 
 
 
 
 
 
For the nine months ended September 30, 2013
 
Ligand
 
CyDex
 
Total
Net revenues from external customers
$
14,789

 
$
19,448

 
$
34,237

Depreciation and amortization expense
(179
)
 
(1,828
)
 
(2,007
)
Write-off of in-process research and development

 
480

 
480

Operating income
(944
)
 
9,462

 
8,518

Interest expense, net
(1,755
)
 

 
(1,755
)
Income tax (expense) benefit from continuing operations
(301
)
 
64

 
(237
)
Gain on sale of Avinza Product Line before income taxes
2,588

 

 
2,588