XOMA Ltd.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
June 30, December 31,
2001 2000
(Unaudited) (Note 1)
Assets:
Cash and cash equivalents $ 71,808 $ 35,043
Short-term investments 40 172
Related party receivables 417 237
Receivables 2,381 1,008
Prepaid expenses and other 113 162
-------- --------
Total current assets 74,759 36,622
Property and equipment, net 11,440 8,421
Deposits and other 169 169
-------- --------
$ 86,368 $ 45,212
======== ========
Liabilities and Shareholders` Equity
(Net Capital Deficiency):
Accounts payable $ 4,085 $ 2,515
Accrued liabilities 3,848 4,311
Capital lease obligations -- current 292 185
Deferred revenue -- current 3,733 3,333
-------- --------
Total current liabilities 11,958 10,344
Capital lease obligations
-- long term 812 361
Deferred revenue -- long term 4,008 3,609
Convertible subordinated notes 42,965 39,488
-------- --------
Total liabilities 59,743 53,802
Shareholders` equity
(net capital deficiency) 26,625 (8,590)
-------- --------
$ 86,368 $ 45,212
======== ========
Note 1 -- Amounts derived from the Company`s Annual Report on Form
10-K for the year ended December 31, 2000 as filed with the Securities
and Exchange Commission
XOMA Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited -- in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
2001 2000 2001 2000
-------- -------- -------- --------
Revenues:
License fees and contract
revenue $ 5,212 $ 2,283 $ 8,068 $ 4,855
-------- -------- -------- --------
Operating Costs and
Expenses:
Research and development 9,465 7,390 17,935 14,584
General and administrative 2,095 1,589 3,705 3,115
-------- -------- -------- --------
11,560 8,979 21,640 17,699
-------- -------- -------- --------
Loss from operations (6,348) (6,696) (13,572) (12,844)
Other Income (Expense):
Investment and other income 580 985 979 1,475
Interest and other expense (880) (615) (1,630) (1,241)
-------- -------- -------- --------
Net loss $ (6,648) $ (6,326) $(14,223) $(12,610)
======== ======== ======== ========
Basic and diluted net
loss per share $ (0.10) $ (0.10) $ (0.21) $ (0.20)
Shares used in computing
basic and diluted net
loss per share 66,280 65,391 66,227 63,531
Ciao BigLinus
