LIGAND PHARMACEUTICALS INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
LGND$314.16+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three months ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Revenues and other income: | ||
| Revenue from intangible royalty assets | $18,357 | $17,154 |
| Income from financial royalty assets | 738 | 493 |
| Royalties | 19,095 | 17,647 |
| Captisol | 9,212 | 10,622 |
| Contract revenue and other income | 2,671 | 15,710 |
| Total revenues and other income | 30,978 | 43,979 |
| Operating costs and expenses: | ||
| Cost of Captisol | 2,882 | 3,717 |
| Amortization of intangibles | 8,186 | 8,539 |
| Research and development | 5,971 | 6,663 |
| General and administrative | 10,951 | 10,855 |
| Total operating costs and expenses | 27,990 | 29,774 |
| Operating income from continuing operations | 2,988 | 14,205 |
| Non-operating income and expenses: | ||
| Gain from short-term investments | 110,772 | 39,533 |
| Interest income | 2,020 | 1,435 |
| Interest expense | (141) | (240) |
| Gain on derivative instruments | 196 | — |
| Other non-operating income (expense), net | (2,388) | 603 |
| Total non-operating income and expenses, net | 110,459 | 41,331 |
| Income before income taxes from continuing operations | 113,447 | 55,536 |
| Income tax expense | (27,308) | (11,922) |
| Net income from continuing operations | 86,139 | 43,614 |
| Net loss from discontinued operations | — | (1,665) |
| Net income | $86,139 | $41,949 |
| Basic net income from continuing operations per share | $4.86 | $2.56 |
| Basic net loss from discontinued operations per share | $— | $(0.10) |
| Basic net income per share | $4.86 | $2.46 |
| Shares used in basic per share calculation | 17,732 | 17,063 |
| Diluted net income from continuing operations per share | $4.75 | $2.43 |
| Diluted net loss from discontinued operations per share | $— | $(0.09) |
| Diluted net income per share | $4.75 | $2.33 |
| Shares used in diluted per share calculation | 18,122 | 17,974 |
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