2021 Q4 Form 10-K Financial Statement

#000095017022002401 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $144.5M $583.2M $167.3M
YoY Change -13.61% -5.03% 16.73%
Cost Of Revenue $30.64M $121.3M $34.77M
YoY Change -11.89% -7.7% 13.38%
Gross Profit $113.9M $461.9M $132.5M
YoY Change -14.06% -4.3% 17.65%
Gross Profit Margin 78.8% 79.2% 79.21%
Selling, General & Admin $92.37M $408.3M $116.8M
YoY Change -20.93% -11.87% 21.65%
% of Gross Profit 81.13% 88.41% 88.17%
Research & Development $5.753M $29.31M $8.509M
YoY Change -32.39% -24.77% -23.32%
% of Gross Profit 5.05% 6.35% 6.42%
Depreciation & Amortization $781.0K $600.0K $511.0K
YoY Change 52.84% 0.0% 58.7%
% of Gross Profit 0.69% 0.13% 0.39%
Operating Expenses $98.12M $451.4M $125.3M
YoY Change -21.71% -10.14% 16.99%
Operating Profit $15.74M $10.50M $7.158M
YoY Change 119.82% -153.43% 30.38%
Interest Expense $172.0K $129.0K $388.0K
YoY Change -55.67% -95.05% -76.27%
% of Operating Profit 1.09% 1.23% 5.42%
Other Income/Expense, Net $88.00K -$302.0K $54.00K
YoY Change 62.96% -390.38% -49.53%
Pretax Income $16.39M $11.29M $7.600M
YoY Change 115.7% -165.44% 5.09%
Income Tax $1.695M $3.562M $2.674M
% Of Pretax Income 10.34% 31.55% 35.18%
Net Earnings $14.70M $7.729M $4.926M
YoY Change 198.38% -142.94% -30.31%
Net Earnings / Revenue 10.17% 1.33% 2.95%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $34.76K $0.02 $12.61K
COMMON SHARES
Basic Shares Outstanding 396.0M
Diluted Shares Outstanding 402.5M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $454.1M $454.1M $500.9M
YoY Change -9.34% -9.34% -22.29%
Cash & Equivalents $219.5M $219.5M $187.0M
Short-Term Investments $234.7M $234.7M $314.0M
Other Short-Term Assets $26.27M $26.27M $34.86M
YoY Change -24.65% -24.51% 102.47%
Inventory $234.7M $234.7M $188.9M
Prepaid Expenses
Receivables $163.7M $163.7M $154.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $878.7M $878.7M $879.2M
YoY Change -0.06% -0.05% 2.83%
LONG-TERM ASSETS
Property, Plant & Equipment $1.425M $9.085M $2.016M
YoY Change -29.32% -10.05% -14.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $35.00M $35.00M $62.47M
YoY Change -43.98% -44.01%
Other Assets $456.0K $121.7M $432.0K
YoY Change 5.56% 30327.5% -59.78%
Total Long-Term Assets $189.3M $189.3M $86.79M
YoY Change 118.16% 118.13% 219.03%
TOTAL ASSETS
Total Short-Term Assets $878.7M $878.7M $879.2M
Total Long-Term Assets $189.3M $189.3M $86.79M
Total Assets $1.068B $1.068B $966.0M
YoY Change 10.56% 10.57% 9.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.9M $114.9M $105.9M
YoY Change 8.54% 8.52% 111.96%
Accrued Expenses $253.1M $207.5M $198.6M
YoY Change 27.42% 22.14% 42.06%
Deferred Revenue $2.649M $2.926M
YoY Change -9.47% 24.94%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $370.7M $370.7M $307.4M
YoY Change 20.57% 20.59% 26.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.648M $30.28M $6.214M
YoY Change 23.08% -2.62% 65.66%
Total Long-Term Liabilities $7.648M $30.28M $6.214M
YoY Change 23.08% -2.62% 65.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $370.7M $370.7M $307.4M
Total Long-Term Liabilities $7.648M $30.28M $6.214M
Total Liabilities $401.0M $401.0M $338.5M
YoY Change 18.45% 18.45% 23.57%
SHAREHOLDERS EQUITY
Retained Earnings -$1.421B -$1.429B
YoY Change -0.54% 1.28%
Common Stock $294.0M $290.1M
YoY Change 1.35% 7.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.73M $51.08M
YoY Change 18.88% 42.29%
Treasury Stock Shares $7.487M $5.887M
Shareholders Equity $667.1M $667.1M $627.5M
YoY Change
Total Liabilities & Shareholders Equity $1.068B $1.068B $966.0M
YoY Change 10.56% 10.57% 9.5%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $14.70M $7.729M $4.926M
YoY Change 198.38% -142.94% -30.31%
Depreciation, Depletion And Amortization $781.0K $600.0K $511.0K
YoY Change 52.84% 0.0% 58.7%
Cash From Operating Activities -$28.24M -$66.54M -$38.32M
YoY Change -26.31% 205.97% 328.86%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $25.02M $104.1M $23.69M
YoY Change 5.62% -127.63%
Cash From Investing Activities $25.02M $104.1M $23.69M
YoY Change 5.62% -127.62% -6607.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -196.0K -5.073M -5.606M
YoY Change -96.5% -91.39% -70.98%
NET CHANGE
Cash From Operating Activities -28.24M -66.54M -38.32M
Cash From Investing Activities 25.02M 104.1M 23.69M
Cash From Financing Activities -196.0K -5.073M -5.606M
Net Change In Cash -3.420M 32.49M -20.24M
YoY Change -83.11% -107.1% -29.26%
FREE CASH FLOW
Cash From Operating Activities -$28.24M -$66.54M -$38.32M
Capital Expenditures $0.00
Free Cash Flow -$38.32M
YoY Change 347.07%

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CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1441000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
679000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9079000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
38144000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49907000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
167066000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
112095000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18967000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8595000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17636000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-642000
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
900000
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-738000
CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1329000
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-428000
CY2019 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-210000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1923000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2214000
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
136000
CY2021 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
51516000
CY2020 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
114741000
CY2019 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
65913000
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1253000
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
2629000
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-5840000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-66537000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21746000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9366000
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
394294000
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
301989000
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
290195000
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
678700000
CY2021 amrn Disposal Purchase Of Furniture Fixtures And Equipment
DisposalPurchaseOfFurnitureFixturesAndEquipment
4000
CY2020 amrn Disposal Purchase Of Furniture Fixtures And Equipment
DisposalPurchaseOfFurnitureFixturesAndEquipment
-252000
CY2019 amrn Disposal Purchase Of Furniture Fixtures And Equipment
DisposalPurchaseOfFurnitureFixturesAndEquipment
-2478000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
104103000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-376963000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2478000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
440108000
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1650000
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1957000
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2165000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2921000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5158000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
24478000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
504000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
50336000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
31652000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9644000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15182000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
25487000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5073000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-58907000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
409612000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32493000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-457616000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
397768000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
190879000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
648495000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
250727000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
223372000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
190879000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
648495000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
2043000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
4591000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3656000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-207000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-67000
CY2021 amrn Non Cash Or Part Non Cash Milestone Payment
NonCashOrPartNonCashMilestonePayment
12000000
CY2019 amrn Non Cash Or Part Non Cash Milestone Payment
NonCashOrPartNonCashMilestonePayment
8457000
CY2019 amrn Initial Recognition Of Operating Lease Right Of Use Asset
InitialRecognitionOfOperatingLeaseRightOfUseAsset
8995000
CY2020 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
18020000
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021Q4 us-gaap Assets
Assets
1068100000
CY2021Q4 amrn Cash And Liquid Short Term And Long Term Investments
CashAndLiquidShortTermAndLongTermInvestments
489100000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
878700000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
219500000
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
234700000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
163700000
CY2021Q4 us-gaap Inventory Net
InventoryNet
234700000
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
35000000.0
CY2021Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
121300000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.253%;text-indent:0.0%;font-size:10.0pt;margin-top:13.5pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:4.5pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Accounting estimates are based on historical experience and other factors that are considered reasonable under the circumstances. Estimates are used in determining such items as provisions for sales returns, rebates and incentives, chargebacks, and other sales allowances; depreciable/amortizable lives; asset impairments; valuation allowance on deferred taxes; probabilities of achievement of performance conditions for certain equity awards; amounts recorded for licensing revenue; contingencies and accruals. Because of the uncertainties inherent in such estimates, actual results may differ from these estimates. Management periodically evaluates estimates used in the preparation of the consolidated financial statements for continued reasonableness.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p>
CY2021 amrn Accounts Receivable Credit Period
AccountsReceivableCreditPeriod
P30D
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
262948000
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
203875000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
163653000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
154574000
CY2021 amrn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
7729000
CY2020 amrn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-18000000
CY2019 amrn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-22645000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
395992000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
381759000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
342538000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
402480000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
381759000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
342538000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-left:2.253%;text-indent:0.0%;font-size:10.0pt;margin-top:13.5pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Concentration of Credit Risk</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:4.5pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Financial instruments that potentially subject the Company to credit risk consist primarily of cash and cash equivalents, short-term and long-term investments, and accounts receivable. The Company maintains substantially all of its cash and cash equivalents and short-term and long-term investments, in financial institutions believed to be of high-credit quality.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:9.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">A significant portion of the Company’s sales are to wholesalers in the pharmaceutical industry. The Company monitors the creditworthiness of customers to whom it grants credit terms and has not experienced any credit losses. The Company does not require collateral or any other security to support credit sales. </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Three</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> customers individually accounted for 10% or more of the Company’s gross product sales. Customers A, B, and C accounted for </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">37</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">28</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">27</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, respectively, of gross product sales for the year ended December 31, 2021 and represented </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">39</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">22</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">35</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, respectively, of the gross accounts receivable balance as of December 31, 2021. Customers A, B, and C accounted for </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">38</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">29</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">25</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, respectively, of gross product sales for the year ended December 31, 2020 and represented </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">31</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">18</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">37</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, respectively, of the gross accounts receivable balance as of December 31, 2020</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">. The Company has not experienced any significant write-offs of its accounts receivable. All customer accounts are actively managed and no losses in excess of amounts reserved are currently expected; however, the Company is monitoring the potential negative impact of COVID-19 on the Company’s customers’ ability to meet their financial obligations.</span></p>
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-600000
CY2021 us-gaap Debt Instrument Term
DebtInstrumentTerm
P24M
CY2021Q4 amrn Held To Maturity Securities Continuous Unrealized Gain Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedGainLossPositionFairValue
200000
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FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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FiniteLivedIntangibleAssetsAccumulatedAmortization
6264000
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FiniteLivedIntangibleAssetsNet
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FiniteLivedIntangibleAssetsNet
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AmortizationOfIntangibleAssets
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2546000
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2546000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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2546000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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2546000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
10817000
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InventoryWorkInProcess
30388000
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InventoryFinishedGoods
206270000
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InventoryFinishedGoods
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InventoryCurrentAndNonCurrent
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InventoryCurrentAndNonCurrent
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22772000
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6220000
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CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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UnrecognizedTaxBenefits
26743000
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6815000
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CurrentStateAndLocalTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
745000
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CurrentIncomeTaxExpenseBenefit
164000
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DeferredFederalIncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
6122000
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3262000
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IncomeTaxReconciliationWindfallTaxBenefitShortfall
14342000
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219000
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253000
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IncomeTaxReconciliationDisqualifyingDispositionWindfall
2849000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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IncomeTaxReconciliationTaxCreditsResearch
6225000
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IncomeTaxReconciliationTaxCreditsResearch
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IncomeTaxReconciliationOtherAdjustments
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IncomeTaxReconciliationTaxReserve
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IncomeTaxReconciliationTaxReserve
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7565000
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0
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7762000
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