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Avanir Pharmaceuticals Reports Fiscal 2011 Fourth Quarter and Year End Financial Results
Date:12/12/2011

0 (unaudited) (audited)ASSETSCurrent assets:

 

 

 Cash and cash equivalents

$   79,542,564

 

$   38,771,469Trade receivables

2,011,165

 

-Inventories

252,244

 

652,628Prepaid expenses other current assets

1,965,748

 

1,066,482Current portion of restricted investments in marketable securities 

618,314

 

200,000Total current assets

84,390,035

 

40,690,579Restricted investments in marketable securities, net of current portion

1,634,625

 

401,550Property and equipment, net

1,695,329

 

449,712Non-current inventories

792,933

 

228,207Other assets

1,136,072

 

371,150TOTAL ASSETS$   89,648,994

 

$   42,141,198 

 

 

 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:

 

 

 Accounts payable, accrued expenses and other liabilities

$   10,449,427

 

$
5,323,542Deferred product revenues, net

1,652,788

 

-Current portion of deferred royalty revenues

2,087,226

 

2,399,849Total current liabilities

14,189,441

 

7,723,391Accrued expenses and other liabilities, net of current portion

68,487

 

334,269Deferred royalty revenues, net of current portion

4,051,402

 

6,076,982Total liabilities

18,309,330

 

14,134,642Total stockholders' equity

71,339,664

 

28,006,556TOTAL LIABILITIES AND STOCKHOLDERS'  EQUITY$   89,648,9
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SOURCE Avanir Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
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