LIGAND PHARMACEUTICALS INC
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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, 2025 · Filed May 9, 2025
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 Balance Sheets
(in thousands, except par value)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $47,989 | $72,307 |
| Short-term investments | 160,912 | 183,858 |
| Accounts receivable, net | 38,492 | 38,376 |
| Inventory | 14,614 | 14,114 |
| Income taxes receivable | 4,339 | 4,073 |
| Other current assets | 13,285 | 18,831 |
| Assets held for sale (Note 2) | 29,685 | — |
| Total current assets | 309,316 | 331,559 |
| Intangible assets, net | 258,391 | 266,648 |
| Goodwill | 101,541 | 105,250 |
| Long-term portion of financial royalty assets, net | 188,320 | 185,024 |
| Noncurrent derivative assets | 18,029 | 10,583 |
| Property and equipment, net | 3,623 | 15,133 |
| Lease right-of-use assets | 6,869 | 9,673 |
| Other investments | 10,908 | 10,908 |
| Deferred income taxes, net | 546 | 72 |
| Other assets | 7,892 | 6,924 |
| Total assets | $905,435 | $941,774 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $5,366 | $5,233 |
| Accrued liabilities | 23,537 | 27,906 |
| Income taxes payable | 1,803 | 1,199 |
| Deferred revenue | 101 | 1,278 |
| Current contingent liabilities | 1,484 | 206 |
| Current operating lease liabilities | 859 | 1,266 |
| Current finance lease liabilities | 24 | 24 |
| Liabilities related to assets held for sale (Note 2) | 25,509 | — |
| Total current liabilities | 58,683 | 37,112 |
| Long-term deferred revenue | — | 2,246 |
| Long-term contingent liabilities | 4,026 | 3,475 |
| Long-term operating lease liabilities | 3,565 | 5,815 |
| Deferred income taxes, net | 29,379 | 32,524 |
| Other long-term liabilities | 14,248 | 30,163 |
| Total liabilities | 109,901 | 111,335 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; 5,000 shares authorized; zero issued and outstanding at March 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.001 par value; 60,000 shares authorized; 19,276 and 19,106 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 20 | 20 |
| Additional paid-in capital | 340,544 | 337,377 |
| Accumulated other comprehensive loss | (1,563) | (5,942) |
| Retained earnings | 456,533 | 498,984 |
| Total stockholders' equity | 795,534 | 830,439 |
| Total liabilities and stockholders' equity | $905,435 | $941,774 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.