LIGAND PHARMACEUTICALS INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues and other income: | |||
| Revenue from intangible royalty assets | $95,329 | $83,910 | $72,527 |
| Income from financial royalty assets | 13,444 | 1,049 | 385 |
| Royalties | 108,773 | 84,959 | 72,912 |
| Captisol | 30,883 | 28,372 | 104,495 |
| Contract revenue and other income | 27,477 | 17,983 | 18,838 |
| Total revenues and other income | 167,133 | 131,314 | 196,245 |
| Operating costs and expenses: | |||
| Cost of Captisol | 11,074 | 10,512 | 52,827 |
| Amortization of intangibles | 32,959 | 33,654 | 34,237 |
| Research and development | 21,425 | 24,537 | 36,082 |
| General and administrative | 78,654 | 52,790 | 70,062 |
| Financial royalty assets impairment | 30,572 | — | — |
| Fair value adjustments to partner program derivatives | 15,055 | — | — |
| Total operating costs and expenses | 189,739 | 121,493 | 193,208 |
| Gain on sale of Pelican | — | (2,121) | — |
| Operating income (loss) from continuing operations | (22,606) | 11,942 | 3,037 |
| Non-operating income and expenses: | |||
| Gain from short-term investments | 75,024 | 46,365 | 28,540 |
| Interest income | 8,055 | 7,711 | 2,046 |
| Interest expense | (3,037) | (656) | (1,799) |
| Other non-operating (expense) income, net | (54,918) | (1,702) | 4,187 |
| Total non-operating income, net | 25,124 | 51,718 | 32,974 |
| Income before income tax from continuing operations | 2,518 | 63,660 | 36,011 |
| Income tax expense | (6,550) | (9,841) | (41,230) |
| Net income (loss) from continuing operations | (4,032) | 53,819 | (5,219) |
| Net loss from discontinued operations | — | (1,665) | (28,142) |
| Net income (loss): | $(4,032) | $52,154 | $(33,361) |
| Basic net income (loss) from continuing operations per share | $(0.22) | $3.11 | $(0.31) |
| Basic net loss from discontinued operations per share | $— | $(0.10) | $(1.67) |
| Basic net income (loss) per share | $(0.22) | $3.02 | $(1.98) |
| Shares used in basic per share calculation | 18,290 | 17,298 | 16,868 |
| Diluted net income (loss) from continuing operations per share | $(0.22) | $3.03 | $(0.31) |
| Diluted net loss from discontinued operations per share | $— | $(0.09) | $(1.67) |
| Diluted net income (loss) per share | $(0.22) | $2.94 | $(1.98) |
| Shares used in diluted per share calculation | 18,290 | 17,757 | 16,868 |
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