10-Q Filing

RAMBUS INC CIK: 917273 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000917273-15-000010`
Period End Date	20150331
Filing Date	20150424
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	rmbs-20150331.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`	$338.70M	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`	$171.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.13M	USD	Point-in-time
Convertible preferred stock, Issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$145.98M	USD	Point-in-time
Convertible preferred stock, Issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$146.19M	USD	Point-in-time
Convertible preferred stock, Outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.00M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.54M	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`	$10.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.54M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$187.00K	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$1.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$314.84M	USD	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	115.47M	shares	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	115.16M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$335.57M	USD	Point-in-time
Common stock, Outstanding shares	`CommonStockSharesOutstanding`	115.16M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$89.37M	USD	Point-in-time
Common stock, Outstanding shares	`CommonStockSharesOutstanding`	115.47M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$83.05M	USD	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`	$64.02M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$61.58M	USD	Point-in-time
Deferred taxes, long-term	`DeferredTaxAssetsNetNoncurrent`	$447.00K	USD	Point-in-time
Deferred taxes, long-term	`DeferredTaxAssetsNetNoncurrent`	$536.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.33M	USD	Point-in-time
Total assets	`Assets`	$588.28M	USD	Point-in-time
Total assets	`Assets`	$599.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.96M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.84M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$10.48M	USD	Point-in-time
Deferred Revenue, Current	`DeferredRevenueCurrent`	$4.13M	USD	Point-in-time
Deferred Revenue, Current	`DeferredRevenueCurrent`	$5.41M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.45M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$8.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.03M	USD	Point-in-time
Convertible notes, long-term	`ConvertibleLongTermNotesPayable`	$115.09M	USD	Point-in-time
Convertible notes, long-term	`ConvertibleLongTermNotesPayable`	$116.51M	USD	Point-in-time
Long-term imputed financing obligation	`LongTermImputedFinancingObligation`	$39.06M	USD	Point-in-time
Long-term imputed financing obligation	`LongTermImputedFinancingObligation`	$38.97M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.79M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.77M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.08M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$196.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$193.93M	USD	Point-in-time
Commitments and contingencies (Notes 9 and 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 9 and 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible preferred stock, $.001 par value: Authorized: 5,000,000 shares Issued and outstanding: no shares at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock, $.001 par value: Authorized: 5,000,000 shares Issued and outstanding: no shares at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value: Authorized: 500,000,000 shares Issued and outstanding: 115,473,870 shares at March 31, 2015 and 115,161,675 shares at December 31, 2014	`CommonStockValue`	$115.00K	USD	Point-in-time
Common stock, $.001 par value: Authorized: 500,000,000 shares Issued and outstanding: 115,473,870 shares at March 31, 2015 and 115,161,675 shares at December 31, 2014	`CommonStockValue`	$115.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.16B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.15B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-752.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-761.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-402.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-349.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$391.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$405.94M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$588.28M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$599.87M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$66.96M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$73.64M	USD	1 Quarter
Contract and other revenue	`ContractsRevenue`	$4.65M	USD	1 Quarter
Contract and other revenue	`ContractsRevenue`	$5.95M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$72.91M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$78.29M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$10.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$10.76M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$28.53M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.90M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.82M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.50M	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$2.26M	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$170.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$39.00K	USD	1 Quarter
Gain from settlement	`GainLossRelatedToLitigationSettlement`	$510.00K	USD	1 Quarter
Gain from settlement	`GainLossRelatedToLitigationSettlement`	$510.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$55.02M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$55.10M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$17.89M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$23.19M	USD	1 Quarter
Interest income and other income (expense), net	`OtherNonoperatingIncome`	$13.00K	USD	1 Quarter
Interest income and other income (expense), net	`OtherNonoperatingIncome`	$132.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.93M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-2.95M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-9.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.94M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.28M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.47M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$9.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$7.80M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	113.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.34M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.63M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.44M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$9.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$7.80M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.77M	USD	1 Quarter
Depreciation	`Depreciation`	$3.23M	USD	1 Quarter
Depreciation	`Depreciation`	$3.48M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.32M	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`	$1.56M	USD	1 Quarter
Non-cash interest expense and amortization of convertible debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$6.24M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.97M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$644.00K	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfAssets1`	$2.27M	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfAssets1`	$170.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.57M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$540.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.44M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$183.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-965.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$749.00K	USD	1 Quarter
Accrued salaries and benefits and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.96M	USD	1 Quarter
Accrued salaries and benefits and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.62M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.83M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-86.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-59.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.27M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.04M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.51M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.09M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.15M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$34.05M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$46.78M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$26.05M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$40.07M	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.60M	USD	1 Quarter
Proceeds from sale of intellectual property	`ProceedsFromSaleOfIntangibleAssets`	$1.25M	USD	1 Quarter
Proceeds from sale of intellectual property	`ProceedsFromSaleOfIntangibleAssets`	$2.28M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.89M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$1.08M	USD	1 Quarter
Proceeds received from issuance of common stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.35M	USD	1 Quarter
Proceeds received from issuance of common stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.42M	USD	1 Quarter
Principal payments against lease financing obligation	`PrincipalPaymentsAgainstLeaseFinancingObligation`	$98.00K	USD	1 Quarter
Principal payments against lease financing obligation	`PrincipalPaymentsAgainstLeaseFinancingObligation`	$60.00K	USD	1 Quarter
Payments under installment payment arrangement	`PaymentsUnderInstallment`	-	USD	1 Quarter
Payments under installment payment arrangement	`PaymentsUnderInstallment`	$28.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.33M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.26M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$17.44M	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`	$338.70M	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`	$171.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$154.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$338.70M	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`	$171.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$154.13M	USD	Point-in-time
Property, plant and equipment received and accrued in accounts payable and other liabilities	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$248.00K	USD	1 Quarter
Property, plant and equipment received and accrued in accounts payable and other liabilities	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$280.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$9.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$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`	$53.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.81M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.55M	USD	1 Quarter

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