LIGAND PHARMACEUTICALS INCORPORATED

(NASDAQ:LGND)

View:
Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	71,112	29,177	59,543	76,812
Restricted Cash	—	—	—	—
Marketable Securities	—	55,819	30,685	17,596
Accounts Receivable	—	—	—	—
Loans Receivable	—	—	—	—
Other Receivable	—	—	10,416	—
Receivables	—	—	10,416	—
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	—	—	—
Prepaid Expenses	—	—	1,252	—
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	14,853	11,116	3	15,535
Total Current Assets	85,965	96,112	101,899	109,943
Land and Improvements	—	—	—	—
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	—	37,090	—	40,577
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	36,964	—
Total Fixed Assets	—	37,090	36,964	40,577
Gross Fixed Assets	1,687	37,090	36,964	40,577
Accumulated Depreciation and Depletion	—	35,066	34,873	37,712
Net Fixed Assets	1,687	2,024	2,091	2,865
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	59,539	61,887	62,275	60,470
Total Non Current Assets	61,226	63,911	64,366	63,335
Total Assets	147,191	160,023	166,265	173,278
Liabilities
Current Liabilities
Accounts Payable	38,197	10,290	10,760	12,682
Notes Payable	716	—	—	—
Short Term Debt	—	978	1,238	1,528
Accrued Expenses	—	—	—	—
Accrued Liabilities	—	22,698	21,698	24,327
Deferred Revenues	—	1,964	1,964	1,964
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	12,788	8,682	8,651	10,467
Total Current Liabilities	51,701	44,612	44,311	50,968
Non Current Liabilities
Long Term Debt	—	266	403	627
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	81,191	96,124	97,017	92,568
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	132,892	141,002	141,731	144,163
Total Liabilities	81,191	96,390	97,420	93,195
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,954	19,021	24,534	29,115
Common Par	—	101	101	101
Additional Paid in Capital	—	652,956	652,055	651,038
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	—	-591,874	-585,445	-581,512
Treasury Stock	—	-42,134	-42,134	-40,521
Other Equity Adjustments	—	-28	-43	9
Total Capitalization	1,954	19,287	24,937	29,742
Cash Flow	—	-2,847	4,942	284,303
Working Capital	34,264	51,500	57,588	58,975
Free Cash Flow	—	-5,697	-1,537	-40,585
Invested Capital	1,954	19,287	24,937	29,742
Total Equity	1,954	19,021	24,534	29,115
Total Liabilities and Stock Equity	134,846	160,023	166,265	173,278

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	76,812	158,401	66,756	92,310
Restricted Cash	—	38,814	—	—
Marketable Securities	17,596	13,447	20,174	20,182
Accounts Receivable	—	11,521	20,954	30,847
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	—	11,521	20,954	30,847
Raw Materials	—	—	—	1,855
Work in Progress	—	1,041	—	2,302
Purchased Components	—	—	—	—
Finished Goods	—	2,968	—	8,642
Other Inventories	—	—	9,333	—
Inventories Adjustments and Allowances	—	-153	—	-1,027
Inventories	—	3,856	9,333	11,772
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	15,535	9,518	15,750	17,713
Total Current Assets	109,943	235,557	132,967	172,824
Land and Improvements	—	—	5,176	5,176
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	40,577	45,835	61,732	59,568
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	—	—
Total Fixed Assets	40,577	45,835	66,908	64,744
Gross Fixed Assets	40,577	45,835	66,908	64,744
Accumulated Depreciation and Depletion	37,712	40,284	44,425	41,097
Net Fixed Assets	2,865	5,551	22,483	23,647
Intangibles	—	83,083	146,770	127,443
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	60,470	1,862	12,399	8,552
Total Non Current Assets	63,335	90,496	181,652	159,642
Total Assets	173,278	326,053	314,619	332,466
Liabilities
Current Liabilities
Accounts Payable	12,682	12,259	15,360	17,352
Notes Payable	—	—	—	—
Short Term Debt	1,528	37,750	2,745	2,924
Accrued Expenses	—	—	—	—
Accrued Liabilities	24,327	46,509	59,587	43,908
Deferred Revenues	1,964	59,945	157,519	152,528
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	10,467	14,347	—	—
Total Current Liabilities	50,968	170,810	235,211	216,712
Non Current Liabilities
Long Term Debt	627	—	166,745	167,089
Capital Lease Obligations	—	2,156	3,430	4,003
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	92,568	125,735	19,652	19,979
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	144,163	298,701	425,038	407,783
Total Liabilities	93,195	127,891	189,827	191,071
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	29,115	27,352	-110,419	-75,317
Common Par	101	100	73	73
Additional Paid in Capital	651,038	891,446	720,988	719,952
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-581,512	-862,802	-831,059	-794,660
Treasury Stock	-40,521	-911	-911	-911
Other Equity Adjustments	9	-481	490	229
Total Capitalization	29,742	27,352	56,326	91,772
Cash Flow	284,303	-15,526	-17,692	-29,866
Working Capital	58,975	64,747	-102,244	-43,888
Free Cash Flow	-40,585	43,028	-27,231	2,150
Invested Capital	29,742	29,508	59,756	95,775
Total Equity	29,115	27,352	-110,419	-75,317
Total Liabilities and Stock Equity	173,278	326,053	314,619	332,466