Targacept, Inc.

(NASDAQ:TRGT)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 94 64,366 65,467 53,403
Restricted Cash — — — —
Marketable Securities — 37,555 28,784 33,637
Accounts Receivable 5 2,841 1,802 4,197
Loans Receivable — — — —
Other Receivable — — — —
Receivables 5 2,841 1,802 4,197
Raw Materials — 52 52 52
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — 67 78 89
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — 119 130 140
Prepaid Expenses — 1,950 1,344 1,035
Current Deferred Income Taxes — — — —
Other Current Assets — — — —
Total Current Assets — 106,831 97,527 92,413
Land and Improvements — — — —
Building and Improvements — — — 1,029
Machinery Furniture and Equipment — — — 11,600
Construction in Progress — — — —
Other Fixed Assets — 13,571 13,794 —
Total Fixed Assets — 13,571 13,794 12,629
Gross Fixed Assets 7 13,571 13,794 12,629
Accumulated Depreciation and Depletion — 6,515 6,515 6,515
Net Fixed Assets 7 7,056 7,279 6,115
Intangibles — 419 428 437
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 0 — 16,453 —
Total Non Current Assets 7 7,475 24,160 6,552
Total Assets 106 114,305 121,687 98,965
Liabilities
Current Liabilities
Accounts Payable — 1,762 1,620 2,296
Notes Payable — — — —
Short Term Debt — 1,381 1,463 919
Accrued Expenses — 4,424 3,989 5,461
Accrued Liabilities — — — —
Deferred Revenues — 6,521 6,479 6,521
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities — — 42 —
Total Current Liabilities 14 14,087 13,593 15,196
Non Current Liabilities
Long Term Debt — 3,695 4,004 1,686
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities 29 27,238 28,869 30,499
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 29 45,021 46,466 47,381
Total Liabilities 29 30,934 32,873 32,185
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 62 69,284 75,221 51,584
Common Par — 25 25 21
Additional Paid in Capital — 246,078 245,509 215,798
Cumulative Translation Adjustment — — — —
Retained Earnings — -176,819 -170,016 -164,235
Treasury Stock — — — —
Other Equity Adjustments — — -297 —
Total Capitalization 62 72,980 79,225 53,270
Cash Flow — -26,276 -27,991 -27,166
Working Capital — 92,744 83,934 77,217
Free Cash Flow — -16,900 -8,249 19,894
Invested Capital 62 72,980 79,225 53,270
Total Equity 62 69,284 75,221 51,584
Total Liabilities and Stock Equity 92 114,305 121,687 98,965