LIGAND PHARMACEUTICALS INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
LGND$314.15+2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended December 31, | ||
| 2023 | 2022 | 2021 |
| Revenues: | |||
|---|---|---|---|
| Royalties | $83,910 | $72,527 | $48,927 |
| Captisol | 28,372 | 104,495 | 164,250 |
| Contract | 19,032 | 19,223 | 28,367 |
| Total revenues | 131,314 | 196,245 | 241,544 |
| Operating costs and expenses: | |||
| Cost of Captisol | 10,512 | 52,827 | 62,176 |
| Amortization of intangibles | 33,654 | 34,237 | 34,222 |
| Research and development | 24,537 | 36,082 | 32,105 |
| General and administrative | 52,790 | 70,062 | 46,790 |
| Other operating income | — | — | (37,600) |
| Total operating costs and expenses | 121,493 | 193,208 | 137,693 |
| Gain on sale of Pelican | (2,121) | — | — |
| Income from continuing operations | 11,942 | 3,037 | 103,851 |
| Other income (expense): | |||
| Gain (loss) from short-term investments | 46,365 | 28,540 | (5,263) |
| Interest income | 7,711 | 2,046 | 886 |
| Interest expense | (656) | (1,799) | (19,619) |
| Gain on derivative instruments | 250 | — | — |
| Other income (expense), net | (1,952) | 4,187 | (7,650) |
| Total other income (expense), net | 51,718 | 32,974 | (31,646) |
| Income before income tax from continuing operations | 63,660 | 36,011 | 72,205 |
| Income tax benefit (expense) | (9,841) | (41,230) | 4,148 |
| Net income (loss) from continuing operations | 53,819 | (5,219) | 76,353 |
| Net loss from discontinued operations | (1,665) | (28,142) | (19,215) |
| Net income (loss): | $52,154 | $(33,361) | $57,138 |
| Basic net income (loss) from continuing operations per share | $3.11 | $(0.31) | $4.59 |
| Basic net loss from discontinued operations per share | $(0.10) | $(1.67) | $(1.16) |
| Basic net income (loss) per share | $3.02 | $(1.98) | $3.44 |
| Shares used in basic per share calculation | 17,298 | 16,868 | 16,630 |
| Diluted net income (loss) from continuing operations per share | $3.03 | $(0.31) | $4.43 |
| Diluted net loss from discontinued operations per share | $(0.09) | $(1.67) | $(1.11) |
| Diluted net income (loss) per share | $2.94 | $(1.98) | $3.31 |
| Shares used in diluted per share calculation | 17,757 | 16,868 | 17,246 |
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