10-Q Filing

ENZON PHARMACEUTICALS, INC. CIK: 727510 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000930413-12-002742`
Period End Date	20120331
Filing Date	20120502
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	enzn-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 54 Cash Flow Statement 48

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation on Property and equipment (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$41.87M	USD	Point-in-time
Accumulated depreciation on Property and equipment (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$40.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$397.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.32M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$369.94M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$58.19M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$78.48M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.75M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.46M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$127.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$165.26M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $41,869 at March 31, 2012 and $40,573 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$16.80M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $41,869 at March 31, 2012 and $40,573 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$15.51M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$194.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$160.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.29M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$367.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.29M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$252.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.29M	shares	Point-in-time
Total assets	`Assets`	$336.95M	USD	Point-in-time
Total assets	`Assets`	$343.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.29M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.90M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$11.07M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$13.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.26M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$125.75M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$129.50M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$139.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$146.03M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 48,292,702 shares at March 31, 2012 and December 31, 2011	`CommonStockValue`	$483.00K	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 48,292,702 shares at March 31, 2012 and December 31, 2011	`CommonStockValue`	$483.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$341.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$342.22M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$575.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-145.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-146.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$197.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$197.18M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$343.21M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$336.95M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$10.32M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$11.76M	USD	1 Quarter
Sale of in-process research and development	`SaleOfInProcessResearchAndDevelopment`	$5.00M	USD	1 Quarter
Sale of in-process research and development	`SaleOfInProcessResearchAndDevelopment`	-	USD	1 Quarter
Contract research and development	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$1.09M	USD	1 Quarter
Contract research and development	`ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned`	$103.00K	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$177.00K	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$166.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$18.02M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$10.60M	USD	1 Quarter
Research and development - pipeline	`ResearchAndDevelopmentExpense`	$10.55M	USD	1 Quarter
Research and development - pipeline	`ResearchAndDevelopmentExpense`	$6.91M	USD	1 Quarter
Research and development specialty and contracted services	`ResearchAndDevelopmentArrangementContractToPerformForOthersCostsIncurredGross`	$647.00K	USD	1 Quarter
Research and development specialty and contracted services	`ResearchAndDevelopmentArrangementContractToPerformForOthersCostsIncurredGross`	$85.00K	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$5.09M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$3.67M	USD	1 Quarter
General and administrative contracted services	`GeneralAndAdministrativeExpenseContractedServices`	$58.00K	USD	1 Quarter
General and administrative contracted services	`GeneralAndAdministrativeExpenseContractedServices`	-	USD	1 Quarter
Restructuring charge	`RestructuringCharges`	$-37.00K	USD	1 Quarter
Restructuring charge	`RestructuringCharges`	$359.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.70M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-36.00K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$1.32M	USD	1 Quarter
Investment income, net	`InvestmentIncomeNet`	$459.00K	USD	1 Quarter
Investment income, net	`InvestmentIncomeNet`	$478.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.48M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$128.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-96.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpenseIncludingInterestExpense`	$-893.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpenseIncludingInterestExpense`	$-1.03M	USD	1 Quarter
(Loss) income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$431.00K	USD	1 Quarter
(Loss) income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.07M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$431.00K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Weighted-average shares - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.29M	shares	1 Quarter
Weighted-average shares - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	58.00M	shares	1 Quarter
Weighted-average shares - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	58.74M	shares	1 Quarter
Weighted-average shares - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.29M	shares	1 Quarter
Unrealized holding gains (losses) arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$537.00K	USD	1 Quarter
Unrealized holding gains (losses) arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-125.00K	USD	1 Quarter
Reclassification adjustment for realized losses (gains) on sales included in net (loss) income	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$35.00K	USD	1 Quarter
Reclassification adjustment for realized losses (gains) on sales included in net (loss) income	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-22.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$572.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-147.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-499.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$284.00K	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$431.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.37M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.30M	USD	1 Quarter
Amortization and write-off of debt issuance costs	`AmortizationOfFinancingCosts`	$147.00K	USD	1 Quarter
Amortization and write-off of debt issuance costs	`AmortizationOfFinancingCosts`	$135.00K	USD	1 Quarter
Stock-based compensation and employee stock purchase plan discount	`ShareBasedCompensation`	$468.00K	USD	1 Quarter
Stock-based compensation and employee stock purchase plan discount	`ShareBasedCompensation`	$1.21M	USD	1 Quarter
Losses (gains) on sales of marketable securities	`MarketableSecuritiesGainLoss`	$-35.00K	USD	1 Quarter
Losses (gains) on sales of marketable securities	`MarketableSecuritiesGainLoss`	$22.00K	USD	1 Quarter
Losses on early retirement of notes payable	`GainsLossesOnExtinguishmentOfDebt`	$113.00K	USD	1 Quarter
Losses on early retirement of notes payable	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-393.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-752.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.24M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.47M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.05M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-496.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$88.00K	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$13.54M	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$40.99M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$94.75M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$344.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.77M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.11M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$41.40M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-3.86M	USD	1 Quarter
Repurchases of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$216.00K	USD	1 Quarter
Withholding taxes stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Withholding taxes stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$684.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$125.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$15.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.85M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-41.74M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.11M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.59M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$397.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$369.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$397.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$369.94M	USD	Point-in-time

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