10-Q Filing

ENZON PHARMACEUTICALS, INC. CIK: 727510 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-065728`
Period End Date	20140930
Filing Date	20141106
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	enzn-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 98 Cash Flow Statement 49

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$21.69M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$77.35M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$28.99M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$329.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$511.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$90.00K	USD	Point-in-time
Total assets	`Assets`	$29.32M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Total assets	`Assets`	$7.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.09M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.09M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$93.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$151.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$529.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$680.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	$558.00K	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	$422.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.87M	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 September 30, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at September 30, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 44,142,340 shares at September 30, 2014 and 44,085,870 shares at December 31, 2013	`CommonStockValue`	$441.00K	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 44,142,340 shares at September 30, 2014 and 44,085,870 shares at December 31, 2013	`CommonStockValue`	$441.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$134.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$134.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-106.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-129.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$28.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.25M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$29.32M	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$24.81M	USD	3 Qtrs
Royalties	`RoyaltyRevenue`	$8.13M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$26.44M	USD	3 Qtrs
Royalties	`RoyaltyRevenue`	$8.83M	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$631.00K	USD	3 Qtrs
Miscellaneous income	`OtherSalesRevenueNet`	$94.00K	USD	3 Qtrs
Miscellaneous income	`OtherSalesRevenueNet`	$31.00K	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	-	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$8.83M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$24.91M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$8.16M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$27.07M	USD	3 Qtrs
Research and development - pipeline	`ResearchAndDevelopmentExpense`	$653.00K	USD	1 Quarter
Research and development - pipeline	`ResearchAndDevelopmentExpense`	$2.52M	USD	3 Qtrs
Research and development - pipeline	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research and development - pipeline	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$7.61M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$1.92M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$2.26M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$571.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$3.76M	USD	3 Qtrs
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$794.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$596.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	3 Qtrs
Restructuring charges	`RestructuringCharges`	$2.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.89M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.92M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$571.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.99M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$13.17M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$5.12M	USD	1 Quarter
Investment income, net	`InvestmentIncomeNet`	$534.00K	USD	3 Qtrs
Investment income, net	`InvestmentIncomeNet`	-	USD	3 Qtrs
Investment income, net	`InvestmentIncomeNet`	-	USD	1 Quarter
Investment income, net	`InvestmentIncomeNet`	$4.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.12M	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$61.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$195.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$1.06M	USD	3 Qtrs
Total other income (expense)	`NonOperatingIncomeExpenseIncludingInterestExpense`	$61.00K	USD	3 Qtrs
Total other income (expense)	`NonOperatingIncomeExpenseIncludingInterestExpense`	-	USD	1 Quarter
Total other income (expense)	`NonOperatingIncomeExpenseIncludingInterestExpense`	$-529.00K	USD	3 Qtrs
Total other income (expense)	`NonOperatingIncomeExpenseIncludingInterestExpense`	$199.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.05M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.32M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.64M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.59M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-241.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$56.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-28.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.67M	USD	3 Qtrs
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$238.00K	USD	3 Qtrs
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.00K	USD	1 Quarter
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for realized gains on sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$320.00K	USD	3 Qtrs
Reclassification adjustment for realized gains on sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	3 Qtrs
Reclassification adjustment for realized gains on sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for realized gains on sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-82.00K	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.59M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.59M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.57M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.92M	shares	1 Quarter
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.13M	shares	1 Quarter
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.78M	shares	3 Qtrs
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.11M	shares	3 Qtrs
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.25M	shares	3 Qtrs
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.47M	shares	3 Qtrs
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.24M	shares	1 Quarter
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.14M	shares	1 Quarter
Special cash dividend paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.60	USD	3 Qtrs
Special cash dividend paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	3 Qtrs
Special cash dividend paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Special cash dividend paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$23.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.67M	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	-	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$218.00K	USD	3 Qtrs
Amortization and write-off of debt issuance costs	`AmortizationOfFinancingCosts`	$193.00K	USD	3 Qtrs
Amortization and write-off of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Stock-based compensation and employee purchase plan discount	`ShareBasedCompensation`	$-54.00K	USD	3 Qtrs
Stock-based compensation and employee purchase plan discount	`ShareBasedCompensation`	$300.00K	USD	1 Quarter
Stock-based compensation and employee purchase plan discount	`ShareBasedCompensation`	-	USD	3 Qtrs
Loss on sales of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	3 Qtrs
Loss on sales of marketable securities	`MarketableSecuritiesGainLoss`	$320.00K	USD	3 Qtrs
Amortization of purchase premium on marketable securities	`AmortizationOfPurchasePremiumOnMarketableSecurities`	$735.00K	USD	3 Qtrs
Amortization of purchase premium on marketable securities	`AmortizationOfPurchasePremiumOnMarketableSecurities`	-	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$61.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$1.06M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$583.00K	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.28M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.11M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.35M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$152.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.45M	USD	3 Qtrs
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$118.89M	USD	3 Qtrs
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$152.00K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$120.34M	USD	3 Qtrs
Common stock dividend	`PaymentsOfDividendsCommonStock`	$69.97M	USD	3 Qtrs
Common stock dividend	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Retirement of notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Retirement of notes payable	`RepaymentsOfNotesPayable`	$115.85M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$12.00K	USD	3 Qtrs
Withholding taxes - stock based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$30.00K	USD	3 Qtrs
Withholding taxes - stock based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$269.00K	USD	3 Qtrs
Withdrawals/proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$-33.00K	USD	3 Qtrs
Withdrawals/proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-30.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-186.11M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.47M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.66M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.69M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.69M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time

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