10-K Filing

ENZON PHARMACEUTICALS, INC. CIK: 727510 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001144204-16-089172`
Period End Date	20151231
Filing Date	20160321
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	enzn-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 32 Cash Flow Statement 38 Stockholders Equity 12

Balance Sheet 56 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$34.56M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$107.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$478.00K	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
Total current assets	`AssetsCurrent`	$11.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$11.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.17M	shares	Point-in-time
Total assets	`Assets`	$35.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.21M	shares	Point-in-time
Total assets	`Assets`	$22.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.17M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.21M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$181.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$90.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$205.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$458.00K	USD	Point-in-time
Accrued lease termination costs	`AccruedLeaseTerminationCostsCurrent`	-	USD	Point-in-time
Accrued lease termination costs	`AccruedLeaseTerminationCostsCurrent`	$4.51M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrent`	$4.42M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.80M	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	$381.00K	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$5.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.80M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at December 31, 2015 and 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at December 31, 2015 and 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par value, authorized 170,000,000 shares; issued and outstanding 44,214,603 shares at December 31, 2015 and 44,174,456 shares at December 31, 2014	`CommonStockValue`	$441.00K	USD	Point-in-time
Common stock - $0.01 par value, authorized 170,000,000 shares; issued and outstanding 44,214,603 shares at December 31, 2015 and 44,174,456 shares at December 31, 2014	`CommonStockValue`	$441.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$96.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$130.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-79.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$29.60M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.25M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$35.04M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$22.89M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$31.04M	USD	Annual
Royalties	`RoyaltyRevenue`	$17.26M	USD	Annual
Miscellaneous income	`OtherSalesRevenueNet`	$135.00K	USD	Annual
Miscellaneous income	`OtherSalesRevenueNet`	$198.00K	USD	Annual
Total revenues	`SalesRevenueNet`	$31.17M	USD	Annual
Total revenues	`SalesRevenueNet`	$17.46M	USD	Annual
General and administrative	`OtherGeneralAndAdministrativeExpense`	$2.15M	USD	Annual
General and administrative	`OtherGeneralAndAdministrativeExpense`	$2.38M	USD	Annual
Lease termination costs	`GainLossOnContractTermination`	-	USD	Annual
Lease termination costs	`GainLossOnContractTermination`	$-4.51M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.66M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.38M	USD	Annual
Operating income	`OperatingIncomeLoss`	$10.80M	USD	Annual
Operating income	`OperatingIncomeLoss`	$28.79M	USD	Annual
Other, net, primarily gain on sale of assets	`InvestmentIncomeNet`	-	USD	Annual
Other, net, primarily gain on sale of assets	`InvestmentIncomeNet`	$61.00K	USD	Annual
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.85M	USD	Annual
Income before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.80M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-10.84M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$56.00K	USD	Annual
Net income	`NetIncomeLoss`	$21.64M	USD	Annual
Net income	`NetIncomeLoss`	$28.80M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.12M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.20M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.22M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.24M	shares	Annual
Special cash dividend paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	Annual
Special cash dividend paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.85	USD	Annual

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$21.64M	USD	Annual
Net income	`NetIncomeLoss`	$28.80M	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-11.11M	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$61.00K	USD	Annual
Decrease in other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-371.00K	USD	Annual
Decrease in other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-33.00K	USD	Annual
Increase in accrued lease termination costs	`IncreseDecreseInAccruedLeaseTerminationCosts`	$4.51M	USD	Annual
Increase in accrued lease termination costs	`IncreseDecreseInAccruedLeaseTerminationCosts`	-	USD	Annual
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$88.00K	USD	Annual
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-91.00K	USD	Annual
Decrease in accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-253.00K	USD	Annual
Decrease in accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-934.00K	USD	Annual
Increase in accrued dividends payable	`IncreaseAndDecreaseInAccruedDividendsPayable`	$4.42M	USD	Annual
Increase in accrued dividends payable	`IncreaseAndDecreaseInAccruedDividendsPayable`	-	USD	Annual
Decrease in rent liability	`IncreaseDecreaseInRentLiability`	$381.00K	USD	Annual
Decrease in rent liability	`IncreaseDecreaseInRentLiability`	-	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$32.34M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.68M	USD	Annual
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$151.00K	USD	Annual
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$151.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$4.42M	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$37.56M	USD	Annual
Withholding taxes - stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00K	USD	Annual
Withholding taxes - stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$30.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.45M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-37.57M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.89M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.04M	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$34.56M	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$34.56M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$29.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.25M	USD	Point-in-time
Net income	`NetIncomeLoss`	$21.64M	USD	Annual
Net income	`NetIncomeLoss`	$28.80M	USD	Annual
Stock-based compensation - withholding taxes	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$6.00K	USD	Annual
Stock-based compensation - withholding taxes	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$30.00K	USD	Annual
Common stock dividend	`DividendsCommonStockStock`	$33.15M	USD	Annual
Common stock dividend	`DividendsCommonStockStock`	$4.42M	USD	Annual
Balance	`StockholdersEquity`	$29.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.25M	USD	Point-in-time

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