2022 Q2 Form 10-Q Financial Statement

#000095017022014008 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $94.44M $94.63M $144.5M
YoY Change -38.87% -33.44% -13.61%
Cost Of Revenue $35.81M $22.24M $30.64M
YoY Change 11.37% -21.49% -11.89%
Gross Profit $43.63M $72.39M $113.9M
YoY Change -64.34% -36.41% -14.06%
Gross Profit Margin 46.2% 76.5% 78.8%
Selling, General & Admin $86.89M $90.65M $92.37M
YoY Change -18.95% -14.32% -20.93%
% of Gross Profit 199.16% 125.22% 81.13%
Research & Development $9.356M $10.05M $5.753M
YoY Change 47.18% 7.19% -32.39%
% of Gross Profit 21.44% 13.88% 5.05%
Depreciation & Amortization $781.0K $780.0K $781.0K
YoY Change -0.51% 52.64% 52.84%
% of Gross Profit 1.79% 1.08% 0.69%
Operating Expenses $106.5M $100.7M $98.12M
YoY Change -6.25% -12.57% -21.71%
Operating Profit -$62.83M -$28.31M $15.74M
YoY Change -816.2% 2026.75% 119.82%
Interest Expense $288.0K $203.0K $172.0K
YoY Change 1.05% -56.9% -55.67%
% of Operating Profit 1.09%
Other Income/Expense, Net -$2.255M -$246.0K $88.00K
YoY Change 1080.63% 73.24% 62.96%
Pretax Income -$64.80M -$28.35M $16.39M
YoY Change -830.79% 2729.34% 115.7%
Income Tax $5.157M $3.213M $1.695M
% Of Pretax Income 10.34%
Net Earnings -$69.96M -$31.56M $14.70M
YoY Change -995.95% 1841.14% 198.38%
Net Earnings / Revenue -74.07% -33.35% 10.17%
Basic Earnings Per Share -$0.18 -$0.08
Diluted Earnings Per Share -$0.18 -$0.08 $34.76K
COMMON SHARES
Basic Shares Outstanding 398.2M 397.8M
Diluted Shares Outstanding 398.2M 397.8M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $313.2M $362.6M $454.1M
YoY Change -38.45% -29.56% -9.34%
Cash & Equivalents $228.0M $219.2M $219.5M
Short-Term Investments $85.23M $143.4M $234.7M
Other Short-Term Assets $36.18M $32.01M $26.27M
YoY Change 11.85% -4.77% -24.65%
Inventory $225.8M $267.8M $234.7M
Prepaid Expenses
Receivables $143.9M $110.2M $163.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $719.1M $772.6M $878.7M
YoY Change -27.8% -16.97% -0.06%
LONG-TERM ASSETS
Property, Plant & Equipment $1.137M $1.281M $1.425M
YoY Change -33.63% -86.96% -29.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.40M $26.70M $35.00M
YoY Change -19.52% 11.24% -43.98%
Other Assets $456.0K $456.0K $456.0K
YoY Change 0.0% 0.0% 5.56%
Total Long-Term Assets $254.1M $201.1M $189.3M
YoY Change 418.57% 236.29% 118.16%
TOTAL ASSETS
Total Short-Term Assets $719.1M $772.6M $878.7M
Total Long-Term Assets $254.1M $201.1M $189.3M
Total Assets $973.2M $973.7M $1.068B
YoY Change -6.87% -1.68% 10.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.3M $90.75M $114.9M
YoY Change -17.66% -3.72% 8.54%
Accrued Expenses $243.1M $207.6M $253.1M
YoY Change 7.29% -9.23% 27.42%
Deferred Revenue $2.198M $2.198M $2.649M
YoY Change -16.84% -9.47%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $361.6M $300.6M $370.7M
YoY Change -2.39% -7.73% 20.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.636M $7.490M $7.648M
YoY Change 38.13% -74.93% 23.08%
Total Long-Term Liabilities $7.636M $7.490M $7.648M
YoY Change 38.13% -74.93% 23.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $361.6M $300.6M $370.7M
Total Long-Term Liabilities $7.636M $7.490M $7.648M
Total Liabilities $393.2M $332.6M $401.0M
YoY Change -1.62% -6.48% 18.45%
SHAREHOLDERS EQUITY
Retained Earnings -$1.523B -$1.453B -$1.421B
YoY Change 7.03% -0.54%
Common Stock $294.7M $294.4M $294.0M
YoY Change 0.64% 1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $61.42M $61.26M $60.73M
YoY Change 4.08% 18.88%
Treasury Stock Shares $7.709M $7.648M $7.487M
Shareholders Equity $580.0M $641.1M $667.1M
YoY Change
Total Liabilities & Shareholders Equity $973.2M $973.7M $1.068B
YoY Change -6.87% -1.67% 10.56%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$69.96M -$31.56M $14.70M
YoY Change -995.95% 1841.14% 198.38%
Depreciation, Depletion And Amortization $781.0K $780.0K $781.0K
YoY Change -0.51% 52.64% 52.84%
Cash From Operating Activities -$64.58M -$98.85M -$28.24M
YoY Change 329.04% 428.48% -26.31%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $73.19M $99.05M $25.02M
YoY Change 44.5% -22.58% 5.62%
Cash From Investing Activities $73.19M $99.05M $25.02M
YoY Change 44.5% -22.58% 5.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 244.0K -505.0K -196.0K
YoY Change -42.72% -90.28% -96.5%
NET CHANGE
Cash From Operating Activities -64.58M -98.85M -28.24M
Cash From Investing Activities 73.19M 99.05M 25.02M
Cash From Financing Activities 244.0K -505.0K -196.0K
Net Change In Cash 8.850M -303.0K -3.420M
YoY Change -75.43% -100.29% -83.11%
FREE CASH FLOW
Cash From Operating Activities -$64.58M -$98.85M -$28.24M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13925000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
645324000
us-gaap Profit Loss
ProfitLoss
-101519000
us-gaap Profit Loss
ProfitLoss
6182000
amrn Depreciation And Amortization Excluding Amortization Of Intangible Assets
DepreciationAndAmortizationExcludingAmortizationOfIntangibleAssets
288000
amrn Depreciation And Amortization Excluding Amortization Of Intangible Assets
DepreciationAndAmortizationExcludingAmortizationOfIntangibleAssets
299000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
330933000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2112000
us-gaap Increase Decrease In Other Noncurrent Liabilities
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-773000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3711000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
51279000
amrn Initial Recognition Of Operating Lease Right Of Use Asset
InitialRecognitionOfOperatingLeaseRightOfUseAsset
1052000
us-gaap Increase Decrease In Other Noncurrent Liabilities
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647000
amrn Non Cash Or Part Non Cash Milestone Payment
NonCashOrPartNonCashMilestonePayment
12000000
CY2022Q2 us-gaap Assets
Assets
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CY2022Q2 amrn Cash And Liquid Short Term And Long Term Investments
CashAndLiquidShortTermAndLongTermInvestments
324600000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1126000
us-gaap Share Based Compensation
ShareBasedCompensation
14724000
us-gaap Share Based Compensation
ShareBasedCompensation
16404000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1273000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
997000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19711000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
27685000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
80094000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
83591000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9907000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2521000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
24000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-229000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-672000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-701000
us-gaap Increase Decrease In Contract With Customer Liability
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-1164000
us-gaap Net Cash Provided By Used In Operating Activities
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-163431000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-33757000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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186411000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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253084000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
14172000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
74510000
amrn Disposal Purchase Of Furniture Fixtures And Equipment
DisposalPurchaseOfFurnitureFixturesAndEquipment
4000
us-gaap Net Cash Provided By Used In Investing Activities
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172239000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
178578000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
383000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1028000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
49000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2134000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
693000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7929000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-261000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4767000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8547000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
140054000
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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
231919000
CY2022Q2 amrn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-69956000
CY2022Q2 us-gaap Assets Current
AssetsCurrent
719100000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
228000000.0
CY2021Q2 amrn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
7808000
amrn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-101519000
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
10213000
CY2021Q4 amrn Valuation Allowances Provisions And Reserves Balance Net
ValuationAllowancesProvisionsAndReservesBalanceNet
280693000
amrn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
6182000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
398187000
CY2022Q2 us-gaap Short Term Investments
ShortTermInvestments
85200000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
143900000
CY2022Q2 us-gaap Inventory Net
InventoryNet
225800000
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
11400000
CY2022Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
210300000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
395899000
amrn Accounts Receivable Credit Period
AccountsReceivableCreditPeriod
P30D
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
189782000
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
262948000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
143942000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
163653000
us-gaap Restructuring Charges
RestructuringCharges
10213000
CY2022Q2 amrn Cost Of Goods And Services Sold Restructuring Inventory
CostOfGoodsAndServicesSoldRestructuringInventory
15000000
us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
398246000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
397997000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
395272000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
398187000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
401767000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
397997000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
402778000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-left:2.267%;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;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.1020833333333333;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;min-width:fit-content;">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></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.1020833333333333;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;min-width:fit-content;">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;min-width:fit-content;">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;min-width:fit-content;"> 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;min-width:fit-content;">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;min-width:fit-content;">%</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;min-width:fit-content;">, </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;min-width:fit-content;">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;min-width:fit-content;">%</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;min-width:fit-content;">, 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;min-width:fit-content;">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;min-width:fit-content;">%</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;min-width:fit-content;">, respectively, of gross product sales for the six months ended June 30, 2022, 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;min-width:fit-content;">41</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;min-width:fit-content;">%</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;min-width:fit-content;">, </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;min-width:fit-content;">33</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;min-width:fit-content;">%</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;min-width:fit-content;">, 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;min-width:fit-content;">21</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;min-width:fit-content;">%</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;min-width:fit-content;">, respectively, of the gross accounts receivable balance as of June 30, 2022. 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;min-width:fit-content;">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;min-width:fit-content;">%</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;min-width:fit-content;">, </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;min-width:fit-content;">36</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;min-width:fit-content;">%</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;min-width:fit-content;">, 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;min-width:fit-content;">30</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;min-width:fit-content;">%</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;min-width:fit-content;">, respectively, of gross product sales for the six months ended June 30, 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;min-width:fit-content;">40</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;min-width:fit-content;">%</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;min-width:fit-content;">, </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;min-width:fit-content;">34</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;min-width:fit-content;">%</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;min-width:fit-content;">, 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;min-width:fit-content;">21</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;min-width:fit-content;">%</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;min-width:fit-content;">, respectively, of the gross accounts receivable balance as of June 30, 2021</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;min-width:fit-content;">. </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;min-width:fit-content;">The Company has not experienced any significant write-offs of its accounts receivable. All customer accounts are actively managed and no losses in</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;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.1020833333333333;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;min-width:fit-content;">excess </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;min-width:fit-content;">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>
amrn Cost Of Goods And Services Sold Restructuring Inventory
CostOfGoodsAndServicesSoldRestructuringInventory
15000000
CY2022Q2 amrn Restructuring Charges Includes Cost Of Goods Sold Restructuring Inventory
RestructuringChargesIncludesCostOfGoodsSoldRestructuringInventory
25213000
amrn Restructuring Charges Includes Cost Of Goods Sold Restructuring Inventory
RestructuringChargesIncludesCostOfGoodsSoldRestructuringInventory
25213000
us-gaap Debt Instrument Term
DebtInstrumentTerm
P24M
CY2022Q2 amrn Held To Maturity Securities Continuous Unrealized Gain Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedGainLossPositionFairValue
900000
CY2021Q2 amrn Held To Maturity Securities Continuous Unrealized Gain Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedGainLossPositionFairValue
100000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021Q3 amrn Number Of Sales Representatives
NumberOfSalesRepresentatives
300
CY2021Q3 amrn Number Of Sales Representatives
NumberOfSalesRepresentatives
300
CY2022Q2 amrn Number Of Sales Representatives
NumberOfSalesRepresentatives
75
CY2022Q2 amrn Employee Restructuring Separation Charges
EmployeeRestructuringSeparationCharges
9123000
amrn Employee Restructuring Separation Charges
EmployeeRestructuringSeparationCharges
9123000
CY2022Q2 amrn Vendor Contract Charges
VendorContractCharges
1090000
amrn Vendor Contract Charges
VendorContractCharges
1090000
amrn Provision Related To Prior Period Sales
ProvisionRelatedToPriorPeriodSales
-107000
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
271693000
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
454000
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
22915000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
41965000
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
240309000
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
1186000
amrn Restructuring Costs Incurred
RestructuringCostsIncurred
25213000
us-gaap Payments For Restructuring
PaymentsForRestructuring
3938000
CY2022Q2 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P8Y9M18D
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
32081000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
32081000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9807000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8534000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22274000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23547000
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
132687000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
107695000
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
63028000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
206270000
CY2022Q2 amrn Inventory Current And Non Current
InventoryCurrentAndNonCurrent
436024000
CY2021Q4 amrn Inventory Current And Non Current
InventoryCurrentAndNonCurrent
355930000
CY2022Q2 amrn Finished Goods Deemed Not Saleable
FinishedGoodsDeemedNotSaleable
9600000
CY2022Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
210300000
CY2021Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
121300000
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
81500000
CY2022Q2 amrn Communication Costs Pertaining To Marketing Commitments
CommunicationCostsPertainingToMarketingCommitments
600000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25247
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
810459
amrn Proceeds From Stock Options Exercised Gross
ProceedsFromStockOptionsExercisedGross
49000
amrn Proceeds From Stock Options Exercised Gross
ProceedsFromStockOptionsExercisedGross
2134000
amrn Credits Payments Made For Prior Period Sales
CreditsPaymentsMadeForPriorPeriodSales
214794000
CY2022Q2 amrn Valuation Allowances Provisions And Reserves Balance Net
ValuationAllowancesProvisionsAndReservesBalanceNet
192559000
CY2020Q4 amrn Valuation Allowances Provisions And Reserves Balance Net
ValuationAllowancesProvisionsAndReservesBalanceNet
190827000
us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
409766000
amrn Provision Related To Prior Period Sales
ProvisionRelatedToPriorPeriodSales
854000
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
212807000
amrn Credits Payments Made For Prior Period Sales
CreditsPaymentsMadeForPriorPeriodSales
168242000
CY2021Q2 amrn Valuation Allowances Provisions And Reserves Balance Net
ValuationAllowancesProvisionsAndReservesBalanceNet
218690000
us-gaap Revenue Practical Expedient Financing Component
RevenuePracticalExpedientFinancingComponent
true
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16709000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
701000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16008000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18632000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
662000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17970000
amrn Contract With Customer Liability Revenue Recognized Excluding Performance Obligation Satisfied In Previous Period
ContractWithCustomerLiabilityRevenueRecognizedExcludingPerformanceObligationSatisfiedInPreviousPeriod
701000
amrn Contract With Customer Liability Revenue Recognized Excluding Performance Obligation Satisfied In Previous Period
ContractWithCustomerLiabilityRevenueRecognizedExcludingPerformanceObligationSatisfiedInPreviousPeriod
662000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.115
amrn Operating Lease Change In Weighted Average Discount Rate Percent
OperatingLeaseChangeInWeightedAverageDiscountRatePercent
0.01
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
11200000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10300000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8600000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7700000
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2089000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2124000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1120000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2247000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2150000
CY2022Q2 amrn Lessee Operating Lease Liability Payments Due Year Five And Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndThereafter
7212000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16942000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5738000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1030000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10174000

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