ABII » Topics » Financing Activities

This excerpt taken from the ABII 10-K filed Mar 12, 2010.

Financing Activities

Net cash used by financing activities for the year ended December 31, 2009 included the purchase of treasury stock and cash received upon the exercise of stock options.

Net cash provided by financing activities for the year ended December 31, 2008 represented cash received upon the exercise of stock options.

This excerpt taken from the ABII 10-Q filed May 8, 2009.

Financing Activities

Net cash provided by financing activities for the three months ended March 31, 2009 represented cash received upon the exercise of stock options.

 

17


Table of Contents
These excerpts taken from the ABII 10-K filed Mar 6, 2009.

Financing Activities

Net cash provided in financing activities was $2.4 million for the year ended December 31, 2008 compared to $752.1 million in 2007. Net cash provided from financing activities in 2008 represented cash proceeds received from the exercise of stock options. Net cash provided by financing activities in 2007 related to net transactions with Old Abraxis prior to the separation, including the $700 million in cash that was contributed to us. Net cash used in 2006 was $94.4 million which represented a net $190.0 million repayment of debt under our credit facility in connection with the 2006 Merger, partially offset by $96.5 million provided by net transactions with Old Abraxis.

Financing Activities

SIZE="2">Net cash provided in financing activities was $2.4 million for the year ended December 31, 2008 compared to $752.1 million in 2007. Net cash provided from financing activities in 2008 represented cash proceeds received from the
exercise of stock options. Net cash provided by financing activities in 2007 related to net transactions with Old Abraxis prior to the separation, including the $700 million in cash that was contributed to us. Net cash used in 2006 was
$94.4 million which represented a net $190.0 million repayment of debt under our credit facility in connection with the 2006 Merger, partially offset by $96.5 million provided by net transactions with Old Abraxis.

STYLE="margin-top:18px;margin-bottom:0px">Sources of Financing and Capital Requirements

We
have historically funded our research and development activities through product license fees, including milestones, and borrowings, whereas our primary sources of liquidity have been cash flow from operations and funding from Old Abraxis with which
we had inter-company transactions prior to the separation. We received a $700 million cash contribution in connection with the separation and related transactions in November 2007.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">Capital Requirements

Our
future capital requirements will depend on numerous factors, including:

 







  

expansion of product sales into international markets;

 







 

 

working capital requirements and production, sales, marketing and development costs required to support AbraxaneFACE="Times New Roman" SIZE="1">®;

 


46







Table of Contents








  

research and development, including clinical trials, spending to develop further product candidates and ongoing studies;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the need for manufacturing expansion and improvement;

 







  

the requirements of any potential future acquisitions, asset purchases or equity investments; and

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

the amount of cash generated by operations, including potential milestone and license revenue.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">We believe our cash and cash equivalents on hand, together with any cash generated from operations, will be sufficient to finance our operations for at
least the next twelve months. In the event we engage in future acquisitions or significant capital projects, we may have to raise additional capital through additional borrowings or the issuance of debt or equity securities.

STYLE="margin-top:18px;margin-bottom:0px">Contractual Obligations

Contractual obligations
represent future cash commitments and liabilities under agreements with third parties, and exclude contingent liabilities for which we cannot reasonably predict future payment. Accordingly, the table below excludes contractual obligations relating
to milestones and royalty payments due to third parties contingent upon certain future events. Such events could include, but are not limited to, development milestones, regulatory approvals, and product sales. The following information summarizes
our contractual obligations and other commitments as of December 31, 2008:

 
































































































































































   Payments due by period

Contractual Obligations

  Total  Less than
1 year
  1-3 years  3-5 years  More than
5 years
   (in thousands)

Unconditional purchase obligations

  $221,288  $19,733  $85,534  $85,584  $30,437

Operating lease obligations

   23,307   6,644   13,459   2,914   290

Reacquisition payable

   268,000   268,000   —     —     —  

Other long term obligations

   19,789   4,270   15,519   —     —  
                    

Total contractual cash obligations

  $532,384  $298,647  $114,512  $88,498  $30,727
                    
This excerpt taken from the ABII 10-Q filed Nov 14, 2008.

Financing Activities

Net cash provided by financing activities of $2.1 million for the nine months ended September 30, 2008 represented cash received upon the exercise of options. Net cash provided by financing activities for the nine months ended September 30, 2007 included $44.8 million in net transactions with parent company. For periods prior to November 13, 2007, net transactions with parent company were presented in lieu of stockholder’s equity as the assets and liabilities that comprised our company were a part of Old Abraxis.

 

19


Table of Contents
This excerpt taken from the ABII 10-Q filed Aug 14, 2008.

Financing Activities

Net cash provided by financing activities for the six months ended June 30, 2008 represented cash received upon the exercise of options. Net cash provided by financing activities for the six months ended June 30, 2007 included $37.1 million in net transactions with parent company. For periods prior to November 13, 2007, net transactions with parent company were presented in lieu of stockholder’s equity as the assets and liabilities that comprised our company were a part of Old Abraxis.

 

19


Table of Contents
This excerpt taken from the ABII 10-Q filed May 15, 2008.

Financing Activities

Net cash provided by financing activities for the three months ended March 31, 2008 represent cash received upon the exercise of options. Net cash provided in financing activities for the three months ended March 31, 2007 included $44.6 million in net transactions with parent company. For periods prior to November 13, 2007, net transactions with parent company were presented in lieu of stockholder’s equity as the assets and liabilities that comprised our company was a part of Old Abraxis.

This excerpt taken from the ABII 10-K filed Mar 31, 2008.

Financing Activities

Net cash provided in financing activities was $752.1 million for the year ended December 31, 2007 versus a use of cash of $94.4 million in 2006. Net cash provided by financing activities in 2007 related to net transactions with Old Abraxis prior to the separation, including the $700 million in cash that was contributed to us. Net cash used in financing activities was $94.4 million in 2006, which represented a net $190.0 million repayment of debt under our credit facility in connection with the 2006 Merger, partially offset by $96.5 million provided by net transactions with Old Abraxis. Net cash provided in 2005 of $40.7 million was driven by $147.3 in net proceeds under our credit facilities, partially offset by $106.1 million of cash used in net transactions with Old Abraxis.

This excerpt taken from the ABII 10-Q filed Dec 20, 2007.

Financing Activities

Financing activities generally included borrowings under our credit facilities, and net transactions with Abraxis BioScience.

Net cash provided in financing activities was $44.8 million versus a use of cash of $128.5 million for the nine-months ended September 30, 2007 and 2006, respectively. The nine months ended September 30, 2006 included $190.0 million of repayments from borrowings under our credit facility.

This excerpt taken from the ABII 8-K filed Nov 8, 2007.

Financing Activities

Financing activities generally included borrowings under our credit facilities, and net transactions with Abraxis BioScience.

Net cash provided in financing activities was $37.1 million versus a use of cash of $161.4 million for the six-month periods ending June 30, 2007 and 2006, respectively. The six-month period in 2006 included $190.0 million of repayments from borrowings under our credit facility.

Net cash used in financing activities was $94.4 million in 2006, which represented a net $190.0 million repayment of debt under our credit facility in connection with the 2006 Merger, partially offset by $127.3 million provided by net transactions with Abraxis BioScience. Net cash provided in 2005 of $40.7 million was driven by $147.3 in net proceeds under our credit facilities, partially offset by $101.5 million of cash used in net transactions with Abraxis BioScience.

Net cash provided by financing activities in 2004 totaled $119.5 million, which included $109.1 million provided by net transactions with Abraxis BioScience, $7.9 million in net proceeds under our credit facility, and the $4.0 million mortgage repayment on our Elk Grove Village, Illinois facility.

"Financing Activities" elsewhere:

Advancis Pharmaceutical (AVNC)
Ev3 (EVVV)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki