XML 62 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenue:      
Product sales $ 25,152us-gaap_SalesRevenueGoodsNet $ 44,846us-gaap_SalesRevenueGoodsNet $ 35,399us-gaap_SalesRevenueGoodsNet
Royalty revenue 329us-gaap_RoyaltyRevenue 1,148us-gaap_RoyaltyRevenue 4,874us-gaap_RoyaltyRevenue
Non-cash royalty revenue related to sale of future royalties 21,937nktr_NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties 22,055nktr_NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties 10,791nktr_NonCashRoyaltyRevenueRelatedToSaleOfFutureRoyalties
License, collaboration and other revenue 153,289nktr_LicenseCollaborationOtherRevenue 80,872nktr_LicenseCollaborationOtherRevenue 30,127nktr_LicenseCollaborationOtherRevenue
Total revenue 200,707us-gaap_Revenues 148,921us-gaap_Revenues 81,191us-gaap_Revenues
Operating costs and expenses:      
Cost of goods sold 28,533us-gaap_CostOfGoodsSold 38,509us-gaap_CostOfGoodsSold 30,428us-gaap_CostOfGoodsSold
Research and development 147,734us-gaap_ResearchAndDevelopmentExpense 190,010us-gaap_ResearchAndDevelopmentExpense 148,675us-gaap_ResearchAndDevelopmentExpense
General and administrative 40,925us-gaap_GeneralAndAdministrativeExpense 40,532us-gaap_GeneralAndAdministrativeExpense 41,614us-gaap_GeneralAndAdministrativeExpense
Impairment of long-lived assets     1,675us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Total operating costs and expenses 217,192us-gaap_CostsAndExpenses 269,051us-gaap_CostsAndExpenses 222,392us-gaap_CostsAndExpenses
Loss from operations (16,485)us-gaap_OperatingIncomeLoss (120,130)us-gaap_OperatingIncomeLoss (141,201)us-gaap_OperatingIncomeLoss
Non-operating income (expense):      
Interest expense (17,869)us-gaap_InterestExpense (18,453)us-gaap_InterestExpense (15,489)us-gaap_InterestExpense
Non-cash interest expense on liability related to sale of future royalties (20,888)nktr_NonCashInterestExpenseRelatedToSaleOfRoyalties (22,309)nktr_NonCashInterestExpenseRelatedToSaleOfRoyalties (18,057)nktr_NonCashInterestExpenseRelatedToSaleOfRoyalties
Interest and other income (expense), net 814us-gaap_OtherNonoperatingIncomeExpense 1,124us-gaap_OtherNonoperatingIncomeExpense 3,298us-gaap_OtherNonoperatingIncomeExpense
Total non-operating expense, net (37,943)us-gaap_NonoperatingIncomeExpense (39,638)us-gaap_NonoperatingIncomeExpense (30,248)us-gaap_NonoperatingIncomeExpense
Loss before (benefit) provision for income taxes (54,428)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (159,768)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (171,449)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
(Benefit) provision for income taxes (512)us-gaap_IncomeTaxExpenseBenefit 2,245us-gaap_IncomeTaxExpenseBenefit 406us-gaap_IncomeTaxExpenseBenefit
Net loss $ (53,916)us-gaap_NetIncomeLoss $ (162,013)us-gaap_NetIncomeLoss $ (171,855)us-gaap_NetIncomeLoss
Basic and diluted net loss per share $ (0.42)us-gaap_EarningsPerShareBasicAndDiluted $ (1.40)us-gaap_EarningsPerShareBasicAndDiluted $ (1.50)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding used in computing basic and diluted net loss per share 126,873us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 115,732us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 114,820us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted