Company: LGNZZ
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000886163-25-000036
Chunk: 7

Company: LIGAND PHARMACEUTICALS INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 7
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382)   Income tax receivable and payable335 7,533    Deferred revenue(293)(540)   Other assets and liabilities (1,985)(3,462)Net cash (used in) provided by operating activities(25,445)18,732 Cash flows from investing activities:   Acquisition of financial royalty assets(1,821)(2,443)   Proceeds from financial royalty assets3,149 1,942    Purchases of property and equipment(214)(105)   Purchases of short-term investments(59,374)(77,634)   Proceeds from sale of short-term investments38,414 60,919    Proceeds from maturity of short-term investments32,360 14,544    Cash paid for investment in Primrose Bio— (998)   Purchases of derivatives(7,620)— Net cash provided by (used in) investing activities4,894 (3,775)Cash flows from financing activities:   Payments under finance lease obligations(7)(5)   Net proceeds from stock option exercises and ESPP4,222 15,304    Taxes paid related to net share settlement of equity awards(8,891)(3,076)   Cash paid for debt issuance costs(71)(41)Net cash (used in) provided by financing activities(4,747)12,182 Effect of exchange rate changes on cash and cash equivalents1,058 — Net (decrease) increase in cash and cash equivalents, including cash and cash equivalents classified within assets held for sale(24,240)27,139 Less: net increase in cash and cash equivalents classified within assets held for sale(78)— Net (decrease) increase in cash and cash equivalents(24,318)27,139 Cash and cash equivalents at beginning of period72,307 22,954 Cash and cash equivalents at end of period$47,989 $50,093 

8

Supplemental disclosure of cash flow information:   Interest paid$97 $59    Taxes paid$280 $— Supplemental schedule of non-cash investing and financing activities:   Addition of right-of-use assets and lease liabilities$828 $—    Accrued purchases of financial royalty assets$— $2,129    Accrued fixed asset purchases$— $2    Un