10-Q Filing

RAMBUS INC CIK: 917273 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000917273-14-000015`
Period End Date	20140331
Filing Date	20140425
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	rmbs-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 42 Cash Flow Statement 60 Comprehensive Income 6

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.98M	USD	Point-in-time
Convertible preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Convertible preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$338.70M	USD	Point-in-time
Convertible preferred stock, Issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Convertible preferred stock, Issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$48.97M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$56.85M	USD	Point-in-time
Convertible preferred stock, Outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.25M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.82M	USD	Point-in-time
Convertible preferred stock, Outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.77M	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.25M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$1.01M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$205.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$421.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$398.37M	USD	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	113.74M	shares	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	113.46M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$117.17M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$109.26M	USD	Point-in-time
Common stock, Outstanding shares	`CommonStockSharesOutstanding`	113.74M	shares	Point-in-time
Common stock, Outstanding shares	`CommonStockSharesOutstanding`	113.46M	shares	Point-in-time
Goodwill	`Goodwill`	$116.90M	USD	Point-in-time
Goodwill	`Goodwill`	$116.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$70.11M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$72.64M	USD	Point-in-time
Deferred taxes, long-term	`DeferredTaxAssetsNetNoncurrent`	$4.80M	USD	Point-in-time
Deferred taxes, long-term	`DeferredTaxAssetsNetNoncurrent`	$643.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.07M	USD	Point-in-time
Total assets	`Assets`	$721.00M	USD	Point-in-time
Total assets	`Assets`	$713.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.55M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$27.26M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$33.45M	USD	Point-in-time
Convertible notes, short-term	`ConvertibleNotesPayableCurrent`	$168.66M	USD	Point-in-time
Convertible notes, short-term	`ConvertibleNotesPayableCurrent`	$164.05M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$8.17M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$8.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$212.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$209.64M	USD	Point-in-time
Convertible notes, long-term	`ConvertibleLongTermNotesPayable`	$109.63M	USD	Point-in-time
Convertible notes, long-term	`ConvertibleLongTermNotesPayable`	$110.96M	USD	Point-in-time
Long-term imputed financing obligation	`LongTermImputedFinancingObligation`	$39.35M	USD	Point-in-time
Long-term imputed financing obligation	`LongTermImputedFinancingObligation`	$39.30M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$6.56M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$1.91M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.77M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$373.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$369.01M	USD	Point-in-time
Commitments and contingencies (Notes 9 and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 9 and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible preferred stock, $.001 par value: Authorized: 5,000,000 shares Issued and outstanding: no shares at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock, $.001 par value: Authorized: 5,000,000 shares Issued and outstanding: no shares at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value: Authorized: 500,000,000 shares Issued and outstanding: 113,744,776 shares at March 31, 2014 and 113,459,390 shares at December 31, 2013	`CommonStockValue`	$114.00K	USD	Point-in-time
Common stock, $.001 par value: Authorized: 500,000,000 shares Issued and outstanding: 113,744,776 shares at March 31, 2014 and 113,459,390 shares at December 31, 2013	`CommonStockValue`	$113.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-787.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-779.92M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-305.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-297.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$340.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$351.99M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$721.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$713.38M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$73.64M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$66.22M	USD	1 Quarter
Contract and other revenue	`ContractsRevenue`	$4.65M	USD	1 Quarter
Contract and other revenue	`ContractsRevenue`	$644.00K	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$66.87M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$78.29M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$10.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$6.53M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.85M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.82M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$25.12M	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$1.28M	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$170.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$39.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$2.21M	USD	1 Quarter
Gain from settlement	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain from settlement	`GainLossRelatedToLitigationSettlement`	$510.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$65.42M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$55.10M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$1.44M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$23.19M	USD	1 Quarter
Interest income and other income (expense), net	`OtherNonoperatingIncome`	$-20.00K	USD	1 Quarter
Interest income and other income (expense), net	`OtherNonoperatingIncome`	$13.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.93M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-7.33M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-9.91M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.89M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.28M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.47M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.51M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.80M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	113.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	111.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	111.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.63M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.80M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.95M	USD	1 Quarter
Depreciation	`Depreciation`	$3.48M	USD	1 Quarter
Depreciation	`Depreciation`	$3.79M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.04M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.80M	USD	1 Quarter
Non-cash interest expense and amortization of convertible debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$6.24M	USD	1 Quarter
Non-cash interest expense and amortization of convertible debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$4.09M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$263.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.97M	USD	1 Quarter
Non-cash restructuring	`RestructuringCosts`	-	USD	1 Quarter
Non-cash restructuring	`RestructuringCosts`	$653.00K	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$1.28M	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$170.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-469.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.57M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.96M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$183.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$749.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.24M	USD	1 Quarter
Accrued salaries and benefits and other accrued liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.68M	USD	1 Quarter
Accrued salaries and benefits and other accrued liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$4.65M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$378.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.83M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.51M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.31M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.15M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.70M	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.88M	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$34.05M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$36.70M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$33.25M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$26.05M	USD	1 Quarter
Proceeds from sale of intellectual property	`ProceedsFromSaleOfIntangibleAssets`	$2.00M	USD	1 Quarter
Proceeds from sale of intellectual property	`ProceedsFromSaleOfIntangibleAssets`	$1.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.89M	USD	1 Quarter
Proceeds received from issuance of common stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Proceeds received from issuance of common stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.35M	USD	1 Quarter
Principal payments against lease financing obligation	`PrincipalPaymentsAgainstLeaseFinancingObligation`	$60.00K	USD	1 Quarter
Principal payments against lease financing obligation	`PrincipalPaymentsAgainstLeaseFinancingObligation`	$26.00K	USD	1 Quarter
Payments under installment payment arrangement	`PaymentsUnderInstallment`	$28.00K	USD	1 Quarter
Payments under installment payment arrangement	`PaymentsUnderInstallment`	$28.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.26M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-54.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$8.23M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$7.88M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$157.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$148.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$346.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$338.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$157.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$148.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$346.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$338.70M	USD	Point-in-time
Property, plant and equipment received and accrued in accounts payable and other accrued liabilities	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$280.00K	USD	1 Quarter
Property, plant and equipment received and accrued in accounts payable and other accrued liabilities	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$166.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.80M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax	`MarketableSecuritiesUnrealizedGainLoss`	$8.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax	`MarketableSecuritiesUnrealizedGainLoss`	$-14.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-10.42M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$7.81M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.