Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities    
Net income (loss) including noncontrolling interests $ (89)us-gaap_ProfitLoss $ 2,097us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income including noncontrolling interests to net cash provided by operating activities:    
Non-cash change in estimated fair value of contingent liabilities 3lgnd_NonCashChangeInEstimatedFairValueOfContingentValueRights 1,948lgnd_NonCashChangeInEstimatedFairValueOfContingentValueRights
Realized gain (loss) on sale of short-term investment 447us-gaap_RealizedInvestmentGainsLosses (481)us-gaap_RealizedInvestmentGainsLosses
Gain on write-off of assets 0us-gaap_AssetImpairmentCharges 109us-gaap_AssetImpairmentCharges
Depreciation and amortization 650us-gaap_DepreciationDepletionAndAmortization 668us-gaap_DepreciationDepletionAndAmortization
Amortization of debt discount and issuance fees 2,509us-gaap_AmortizationOfFinancingCostsAndDiscounts 0us-gaap_AmortizationOfFinancingCostsAndDiscounts
Stock-based compensation 2,914us-gaap_ShareBasedCompensation 2,067us-gaap_ShareBasedCompensation
Deferred income taxes 6us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 53us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Accretion of note payable 14us-gaap_IncreaseDecreaseInInterestPayableNet 100us-gaap_IncreaseDecreaseInInterestPayableNet
Other (1)us-gaap_OtherNoncashIncomeExpense 0us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities:    
Accounts receivable 5,211us-gaap_IncreaseDecreaseInAccountsReceivable (2,451)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (150)us-gaap_IncreaseDecreaseInInventories (557)us-gaap_IncreaseDecreaseInInventories
Other current assets 445us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 118us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other long-term assets (291)us-gaap_IncreaseDecreaseInOtherOperatingAssets 24us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued liabilities (4,667)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,002)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Restricted cash 661us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities 0us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Deferred revenue (83)us-gaap_IncreaseDecreaseInDeferredRevenue (116)us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by operating activities 7,579us-gaap_NetCashProvidedByUsedInOperatingActivities 2,577us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities    
Payments to CVR holders and other contingency payments (3,247)lgnd_PaymentsToContingentValueRightHolders (1,618)lgnd_PaymentsToContingentValueRightHolders
Purchases of property and equipment (10)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (6)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment 1us-gaap_PaymentsForProceedsFromProductiveAssets 0us-gaap_PaymentsForProceedsFromProductiveAssets
Proceeds from sale of short-term investments 459us-gaap_ProceedsFromSaleOfShortTermInvestments 626us-gaap_ProceedsFromSaleOfShortTermInvestments
Net cash used in investing activities (2,797)us-gaap_NetCashProvidedByUsedInInvestingActivities (998)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities    
Repayment of debt 0us-gaap_RepaymentsOfLongTermDebt (3,436)us-gaap_RepaymentsOfLongTermDebt
Net proceeds from stock option exercises and ESPP 781us-gaap_ProceedsFromStockOptionsExercised 3,195us-gaap_ProceedsFromStockOptionsExercised
Net cash provided by (used in) financing activities 781us-gaap_NetCashProvidedByUsedInFinancingActivities (241)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 5,563us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,338us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 160,203us-gaap_CashAndCashEquivalentsAtCarryingValue 11,639us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 165,766us-gaap_CashAndCashEquivalentsAtCarryingValue 12,977us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information    
Interest paid 903us-gaap_InterestPaid 110us-gaap_InterestPaid
Taxes paid 11us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
Supplemental schedule of non-cash activity    
Accrued inventory purchases 2,402us-gaap_InventoryWriteDown 0us-gaap_InventoryWriteDown
Unrealized gain on AFS investments $ 4,614us-gaap_UnrealizedGainLossOnInvestments $ 8,222us-gaap_UnrealizedGainLossOnInvestments