XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Reconciliation of Revenue from Segments to Consolidated | The following table provides a reconciliation of revenue and operating income by reportable segment to consolidated results and was derived from each segment’s internal financial information as used for corporate management purposes (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
OmniAb business revenue |  |  |  |  |  |  |
Royalties | $ | 582 |  |  | $ | — |  |  | $ | 984 |  |  | $ | — |
Contract | 6,285 |  |  | 5,140 |  |  | 22,353 |  |  | 19,520 |
Total OmniAb business revenue | 6,867 |  |  | 5,140 |  |  | 23,337 |  |  | 19,520 |
Ligand core business revenue |  |  |  |  |  |  |
Royalties | 19,255 |  |  | 15,648 |  |  | 50,507 |  |  | $ | 31,376 |
Captisol - Core | 3,582 |  |  | 5,374 |  |  | 13,133 |  |  | 16,310 |
Captisol - COVID | 32,367 |  |  | 29,719 |  |  | 64,483 |  |  | 112,565 |
Contract | 4,017 |  |  | 8,954 |  |  | 17,740 |  |  | 24,889 |
Total Ligand core business revenue | 59,221 |  |  | 59,695 |  |  | 145,863 |  |  | 185,140 |
Total revenue | $ | 66,088 |  |  | $ | 64,835 |  |  | $ | 169,200 |  |  | $ | 204,660 |
Segment operating income (loss) |  |  |  |  |  |  |
OmniAb business | $ | (11,721) |  |  | $ | (9,177) |  |  | $ | (26,905) |  |  | $ | (21,587) |
Ligand core business | 22,022 |  |  | 32,620 |  |  | 49,050 |  |  | 112,601 |
Total segment operating income | 10,301 |  |  | 23,443 |  |  | 22,145 |  |  | 91,014 |
Unallocated corporate items |  |  |  |  |  |  |
Shared-based compensation | 6,462 |  |  | 5,811 |  |  | 17,255 |  |  | 16,429 |
Other corporate expenses | 3,203 |  |  | 1,926 |  |  | 14,029 |  |  | 8,424 |
Total unallocated corporate items | 9,665 |  |  | 7,737 |  |  | 31,284 |  |  | 24,853 |
Income (loss) from operations | $ | 636 |  |  | $ | 15,706 |  |  | $ | (9,139) |  |  | $ | 66,161 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration