10-Q Filing

RAMBUS INC CIK: 917273 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000917273-16-000034`
Period End Date	20160331
Filing Date	20160422
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	rmbs-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 66 Comprehensive Income 8

Balance Sheet 80 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`	$136.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$171.57M	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`	$143.76M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$88.94M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$143.94M	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
Convertible preferred stock, Outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.41M	USD	Point-in-time
Convertible preferred stock, Outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$14.62M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$13.02M	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.48M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$315.59M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$253.21M	USD	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	110.08M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$114.33M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$64.27M	USD	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	109.29M	shares	Point-in-time
Goodwill	`Goodwill`	$116.90M	USD	Point-in-time
Common stock, Outstanding shares	`CommonStockSharesOutstanding`	110.08M	shares	Point-in-time
Common stock, Outstanding shares	`CommonStockSharesOutstanding`	109.29M	shares	Point-in-time
Goodwill	`Goodwill`	$163.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$56.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$56.62M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$160.46M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$162.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.62M	USD	Point-in-time
Total assets	`Assets`	$718.02M	USD	Point-in-time
Total assets	`Assets`	$752.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.10M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$12.28M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$8.43M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.78M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$7.32M	USD	Point-in-time
Accrued acquisition liability	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities`	$12.10M	USD	Point-in-time
Accrued acquisition liability	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities`	-	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.21M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$7.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.37M	USD	Point-in-time
Convertible notes, long-term	`ConvertibleLongTermNotesPayable`	$119.42M	USD	Point-in-time
Convertible notes, long-term	`ConvertibleLongTermNotesPayable`	$121.07M	USD	Point-in-time
Long-term imputed financing obligation	`LongTermImputedFinancingObligation`	$38.62M	USD	Point-in-time
Long-term imputed financing obligation	`LongTermImputedFinancingObligation`	$38.50M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$3.11M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.90M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$14.68M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$637.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$191.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$218.10M	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, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock, $.001 par value: Authorized: 5,000,000 shares Issued and outstanding: no shares at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value: Authorized: 500,000,000 shares Issued and outstanding: 110,077,451 shares at March 31, 2016 and 109,287,591 shares at December 31, 2015	`CommonStockValue`	$109.00K	USD	Point-in-time
Common stock, $.001 par value: Authorized: 500,000,000 shares Issued and outstanding: 110,077,451 shares at March 31, 2016 and 109,287,591 shares at December 31, 2015	`CommonStockValue`	$110.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.14B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-604.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-602.44M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$373.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-450.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$534.72M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$526.53M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$718.02M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$752.83M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$66.96M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$62.88M	USD	1 Quarter
Contract and other revenue	`ContractsRevenue`	$5.95M	USD	1 Quarter
Contract and other revenue	`ContractsRevenue`	$9.80M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$72.91M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$72.68M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$12.21M	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`	$28.53M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$23.09M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.50M	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Gain from sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$2.26M	USD	1 Quarter
Gain from settlement	`GainLossRelatedToLitigationSettlement`	$510.00K	USD	1 Quarter
Gain from settlement	`GainLossRelatedToLitigationSettlement`	$441.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$55.02M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$63.39M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$9.29M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$17.89M	USD	1 Quarter
Interest income and other income (expense), net	`OtherNonoperatingIncome`	$132.00K	USD	1 Quarter
Interest income and other income (expense), net	`OtherNonoperatingIncome`	$242.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.08M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-2.95M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-2.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.94M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$4.52M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$5.44M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$9.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.88M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	109.73M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.34M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	112.25M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$9.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.88M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.77M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.86M	USD	1 Quarter
Depreciation	`Depreciation`	$2.97M	USD	1 Quarter
Depreciation	`Depreciation`	$3.23M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.32M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.72M	USD	1 Quarter
Non-cash interest expense and amortization of convertible debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.65M	USD	1 Quarter
Non-cash interest expense and amortization of convertible debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.56M	USD	1 Quarter
Incremental tax benefits from stock-based compensation, Operating Activities	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$485.00K	USD	1 Quarter
Incremental tax benefits from stock-based compensation, Operating Activities	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$182.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$644.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.14M	USD	1 Quarter
Gain from sale of intellectual property and property, plant and equipment, net	`GainLossOnDispositionOfAssets1`	$37.00K	USD	1 Quarter
Gain from sale of intellectual property and property, plant and equipment, net	`GainLossOnDispositionOfAssets1`	$2.27M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$540.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.02M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.44M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$266.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-965.00K	USD	1 Quarter
Accrued salaries and benefits and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-9.86M	USD	1 Quarter
Accrued salaries and benefits and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.96M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-233.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-86.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.24M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.27M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.26M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.09M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.60M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$46.78M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$54.59M	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 and property, plant and equipment	`ProceedsFromSaleOfIntangibleAssets`	-	USD	1 Quarter
Proceeds from sale of intellectual property and property, plant and equipment	`ProceedsFromSaleOfIntangibleAssets`	$2.28M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$80.52M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$1.08M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-27.54M	USD	1 Quarter
Incremental tax benefits from stock-based compensation, Financing Activities	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$182.00K	USD	1 Quarter
Incremental tax benefits from stock-based compensation, Financing Activities	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$485.00K	USD	1 Quarter
Proceeds received from issuance of common stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.42M	USD	1 Quarter
Proceeds received from issuance of common stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.80M	USD	1 Quarter
Principal payments against lease financing obligation	`PrincipalPaymentsAgainstLeaseFinancingObligation`	$98.00K	USD	1 Quarter
Principal payments against lease financing obligation	`PrincipalPaymentsAgainstLeaseFinancingObligation`	$140.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.14M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.51M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-7.13M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$17.44M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$136.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$154.13M	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`	$143.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$136.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$154.13M	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`	$143.76M	USD	Point-in-time
Assumed cash liability from acquisition	`LiabilitiesAssumed1`	$12.10M	USD	1 Quarter
Assumed cash liability from acquisition	`LiabilitiesAssumed1`	-	USD	1 Quarter
Property, plant and equipment received and accrued in accounts payable and other liabilities	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$830.00K	USD	1 Quarter
Property, plant and equipment received and accrued in accounts payable and other liabilities	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$248.00K	USD	1 Quarter

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$9.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.88M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-640.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax	`MarketableSecuritiesUnrealizedGainLoss`	$53.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax	`MarketableSecuritiesUnrealizedGainLoss`	$-183.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.05M	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.