2021 Q4 Form 10-K Financial Statement

#000101247722000004 Filed on March 16, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cost Of Revenue $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Gross Profit $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Gross Profit Margin
Selling, General & Admin $21.03M $68.50M $8.970M
YoY Change 134.4% 111.37% 17.1%
% of Gross Profit
Research & Development $2.110M $17.10M $5.290M
YoY Change -60.11% -16.33% -31.83%
% of Gross Profit
Depreciation & Amortization $201.0K $97.00K $390.0K
YoY Change -48.46% -66.2% -51.25%
% of Gross Profit
Operating Expenses $23.14M $85.60M $14.26M
YoY Change 62.24% 61.98% -8.77%
Operating Profit -$23.14M -$85.55M -$14.26M
YoY Change 62.24% -1571.13% 102.27%
Interest Expense -$4.154M $9.942M -$3.310M
YoY Change 25.5% -23.49% -29.12%
% of Operating Profit
Other Income/Expense, Net $646.0K $0.00 $3.440M
YoY Change -81.22% -100.0% 2766.67%
Pretax Income -$26.64M -$93.15M -$14.13M
YoY Change 88.56% 1732.84% 20.36%
Income Tax -$4.343M -$15.82M -$2.850M
% Of Pretax Income
Net Earnings -$22.30M -$77.33M -$11.28M
YoY Change 97.7% -1200.3% 311.68%
Net Earnings / Revenue
Basic Earnings Per Share -$1.32
Diluted Earnings Per Share -$380.4K -$1.32 -$193.2K
COMMON SHARES
Basic Shares Outstanding 58.62M shares 58.54M shares 58.27M shares
Diluted Shares Outstanding 58.54M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.2M $157.2M $222.9M
YoY Change -29.47% -29.47% 247.2%
Cash & Equivalents $50.71M $50.71M $71.72M
Short-Term Investments $106.5M $106.5M $151.2M
Other Short-Term Assets $271.0K $3.450M $798.0K
YoY Change -66.04% 130.0% 645.79%
Inventory $0.00
Prepaid Expenses $3.179M $1.018M
Receivables $279.0K $279.0K $0.00
Other Receivables $31.54M $31.54M $22.30M
Total Short-Term Assets $192.5M $192.5M $263.5M
YoY Change -26.94% -26.95% 219.8%
LONG-TERM ASSETS
Property, Plant & Equipment $285.0K $2.937M $359.0K
YoY Change -20.61% -2.1% -34.01%
Goodwill $16.84M $16.84M
YoY Change 0.0% -8.95%
Intangibles $0.00
YoY Change -100.0%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $33.78M $33.78M $24.94M
YoY Change 35.44% 35.65% -36.5%
Total Long-Term Assets $54.78M $54.78M $48.18M
YoY Change 13.68% 13.88% -30.23%
TOTAL ASSETS
Total Short-Term Assets $192.5M $192.5M $263.5M
Total Long-Term Assets $54.78M $54.78M $48.18M
Total Assets $247.3M $247.3M $311.6M
YoY Change -20.66% -20.65% 105.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.679M $7.679M $2.934M
YoY Change 161.72% 164.79% -51.9%
Accrued Expenses $7.151M $12.75M $6.501M
YoY Change 10.0% 116.17% -67.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $21.00M $21.00M $15.11M
YoY Change 38.99% 39.07% -58.01%
LONG-TERM LIABILITIES
Long-Term Debt $142.4M $142.4M $128.2M
YoY Change 11.07% 11.07% 5.36%
Other Long-Term Liabilities $3.917M $5.624M $4.212M
YoY Change -7.0% -7.8% -52.53%
Total Long-Term Liabilities $146.3M $148.0M $132.4M
YoY Change 10.49% 10.22% 1.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.00M $21.00M $15.11M
Total Long-Term Liabilities $146.3M $148.0M $132.4M
Total Liabilities $169.0M $169.0M $149.4M
YoY Change 13.16% 13.13% -17.31%
SHAREHOLDERS EQUITY
Retained Earnings -$447.8M -$384.2M
YoY Change 16.55% -1.8%
Common Stock $549.9M $567.5M
YoY Change -3.09% 30.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares 0.000 shares
Shareholders Equity $78.24M $78.24M $162.3M
YoY Change
Total Liabilities & Shareholders Equity $247.3M $247.3M $311.6M
YoY Change -20.66% -20.65% 105.79%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$22.30M -$77.33M -$11.28M
YoY Change 97.7% -1200.3% 311.68%
Depreciation, Depletion And Amortization $201.0K $97.00K $390.0K
YoY Change -48.46% -66.2% -51.25%
Cash From Operating Activities -$22.51M -$77.31M -$19.12M
YoY Change 17.71% 58.64% 131.48%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $26.00K -$70.00K
YoY Change -100.0% -73.47%
Acquisitions
YoY Change
Other Investing Activities $15.32M $56.96M $7.310M
YoY Change 109.58% -181.81% 41.39%
Cash From Investing Activities $15.32M $56.93M $7.240M
YoY Change 111.6% -181.65% 40.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $263.0K 180.0K
YoY Change -100.0% -99.85% -550.0%
NET CHANGE
Cash From Operating Activities -22.51M -$77.31M -19.12M
Cash From Investing Activities 15.32M $56.93M 7.240M
Cash From Financing Activities 0.000 $263.0K 180.0K
Net Change In Cash -7.186M -$21.01M -11.70M
YoY Change -38.58% -133.92% 273.8%
FREE CASH FLOW
Cash From Operating Activities -$22.51M -$77.31M -$19.12M
Capital Expenditures $0.00 $26.00K -$70.00K
Free Cash Flow -$22.51M -$77.34M -$19.05M
YoY Change 18.14% 58.37% 130.63%

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CY2018Q4 us-gaap Stockholders Equity
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2780000 USD
CY2019 us-gaap Net Income Loss
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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610000 USD
CY2019 us-gaap Stock Issued During Period Value Other
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0 USD
CY2019 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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118000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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519000 USD
CY2019Q4 us-gaap Stockholders Equity
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-29199000 USD
CY2020 us-gaap Net Income Loss
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7028000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1755000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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2045000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
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60570000 USD
CY2020 avdl Stock Issued During Period Value Public Offering
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116924000 USD
CY2020 us-gaap Stock Issued During Period Value Other
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0 USD
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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144000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2999000 USD
CY2020 us-gaap Treasury Stock Retired Cost Method Amount
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0 USD
CY2020Q4 us-gaap Stockholders Equity
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162266000 USD
CY2021 us-gaap Net Income Loss
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-77329000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-2889000 USD
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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169000 USD
CY2021 us-gaap Stock Issued During Period Value Other
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0 USD
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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94000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8872000 USD
CY2021Q4 us-gaap Stockholders Equity
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78244000 USD
CY2021 us-gaap Net Income Loss
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-77329000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
7028000 USD
CY2019 us-gaap Net Income Loss
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-33226000 USD
CY2021 us-gaap Depreciation And Amortization
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815000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1690000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2486000 USD
CY2021 avdl Acquisition Related Contingent Consideration Remeasurement
AcquisitionRelatedContingentConsiderationRemeasurement
0 USD
CY2020 avdl Acquisition Related Contingent Consideration Remeasurement
AcquisitionRelatedContingentConsiderationRemeasurement
3327000 USD
CY2019 avdl Acquisition Related Contingent Consideration Remeasurement
AcquisitionRelatedContingentConsiderationRemeasurement
845000 USD
CY2021 avdl Financing Related Contingent Consideration Remeasurement
FinancingRelatedContingentConsiderationRemeasurement
0 USD
CY2020 avdl Financing Related Contingent Consideration Remeasurement
FinancingRelatedContingentConsiderationRemeasurement
435000 USD
CY2019 avdl Financing Related Contingent Consideration Remeasurement
FinancingRelatedContingentConsiderationRemeasurement
378000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1248000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6524000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5995000 USD
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
15666000 USD
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
7431000 USD
CY2019 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
6334000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
8872000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2999000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
519000 USD
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2020 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
45760000 USD
CY2019 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2021 avdl Noncash Gain Loss Deconsolidation Of Subsidiary
NoncashGainLossDeconsolidationOfSubsidiary
0 USD
CY2020 avdl Noncash Gain Loss Deconsolidation Of Subsidiary
NoncashGainLossDeconsolidationOfSubsidiary
0 USD
CY2019 avdl Noncash Gain Loss Deconsolidation Of Subsidiary
NoncashGainLossDeconsolidationOfSubsidiary
-1750000 USD
CY2021 us-gaap Deconsolidation Revaluation Of Retained Investment Gain Or Loss Amount
DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount
217000 USD
CY2020 us-gaap Deconsolidation Revaluation Of Retained Investment Gain Or Loss Amount
DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount
3364000 USD
CY2019 us-gaap Deconsolidation Revaluation Of Retained Investment Gain Or Loss Amount
DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount
0 USD
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1272000 USD
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
142000 USD
CY2019 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-254000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8281000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2471000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1352000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1155000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
439000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1863000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1187000 USD
CY2021 avdl Increase Decrease In Research And Development Tax Credit Receivable
IncreaseDecreaseInResearchAndDevelopmentTaxCreditReceivable
-2796000 USD
CY2020 avdl Increase Decrease In Research And Development Tax Credit Receivable
IncreaseDecreaseInResearchAndDevelopmentTaxCreditReceivable
-2213000 USD
CY2019 avdl Increase Decrease In Research And Development Tax Credit Receivable
IncreaseDecreaseInResearchAndDevelopmentTaxCreditReceivable
1014000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4232000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2788000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4641000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-114000 USD
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
895000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-13226000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
357000 USD
CY2021 avdl Earn Out Payment In Excess Of Acquisition Date Fair Value
EarnOutPaymentInExcessOfAcquisitionDateFairValue
0 USD
CY2020 avdl Earn Out Payment In Excess Of Acquisition Date Fair Value
EarnOutPaymentInExcessOfAcquisitionDateFairValue
5323000 USD
CY2019 avdl Earn Out Payment In Excess Of Acquisition Date Fair Value
EarnOutPaymentInExcessOfAcquisitionDateFairValue
10988000 USD
CY2021 us-gaap Payments For Royalties
PaymentsForRoyalties
0 USD
CY2020 us-gaap Payments For Royalties
PaymentsForRoyalties
866000 USD
CY2019 us-gaap Payments For Royalties
PaymentsForRoyalties
1748000 USD
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
3789000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
3126000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
4057000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-77310000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-48734000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-38325000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
98000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29000 USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
154000 USD
CY2021 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
16500000 USD
CY2020 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
25500000 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
102224000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
36284000 USD
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
63246000 USD
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
61769000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
131407000 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
24648000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
56929000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69721000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
38723000 USD
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2020 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
60570000 USD
CY2019 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
116924000 USD
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
263000 USD
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2189000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
118000 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-145000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
263000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
179683000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-896000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
720000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21014000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
61948000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
449000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71722000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9774000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9325000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50708000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71722000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9774000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
76000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1701000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
140000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
6469000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
6469000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
6469000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications are made to prior year amounts whenever necessary to conform with the current year presentation. Certain reclassifications have been made to the Consolidated Statements of Cash Flows for the fiscal year ended December 31, 2019 and balances within </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 14: Other Assets and Liabilities </span>for the year ended December 31, 2020 to condense line items of the same nature into a single line. This change does not affect previously reported net cash flows used in operating activities in the Consolidated Statements of Cash Flows.
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
Allowance for Credit Losses. Amounts owed to the Company are presented net of an allowance that includes as assessment of expected credit losses. An allowance for credit losses is established based on expected losses. Expected losses are estimated by reviewing individual accounts, considering aging, financial condition of the debtor, payment history, current and forecast economic conditions and other relevant factors. To the extent that the Company identifies that any individual customer's credit quality has deteriorated, the Company establishes allowances based on the individual risk characteristics of that customer. The Company makes concerted efforts to collect all outstanding balances due from customers; however, amounts are written off against the allowance when the related balances are no longer deemed collectible
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including marketable securities and contingent liabilities at the date of the consolidated financial statements and the reported amounts of sales and expenses during the periods presented. These estimates and assumptions are based on the best information available to management at the balance sheet dates and depending on the nature of the estimate can require significant judgments. Changes to these estimates and judgments can have and have had a material impact on the Company’s consolidated statements of (loss) income and balance sheets. Actual results could differ from those estimates under different assumptions or conditions.
CY2021 us-gaap Deconsolidation Revaluation Of Retained Investment Gain Or Loss Amount
DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount
217000 USD
CY2020 us-gaap Deconsolidation Revaluation Of Retained Investment Gain Or Loss Amount
DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount
3364000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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106812000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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948000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1247000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
106513000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
147903000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1815000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
38000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
149680000 USD
CY2021 avdl Marketable Securities Realized Gain
MarketableSecuritiesRealizedGain
174000 USD
CY2020 avdl Marketable Securities Realized Gain
MarketableSecuritiesRealizedGain
474000 USD
CY2019 avdl Marketable Securities Realized Gain
MarketableSecuritiesRealizedGain
483000 USD
CY2021 avdl Marketable Securities Realized Loss
MarketableSecuritiesRealizedLoss
275000 USD
CY2020 avdl Marketable Securities Realized Loss
MarketableSecuritiesRealizedLoss
912000 USD
CY2019 avdl Marketable Securities Realized Loss
MarketableSecuritiesRealizedLoss
151000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
465000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1384000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
285000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
359000 USD
CY2021 us-gaap Depreciation
Depreciation
97000 USD
CY2020 us-gaap Depreciation
Depreciation
287000 USD
CY2019 us-gaap Depreciation
Depreciation
459000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
16836000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
16836000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
406000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
816000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
821000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1133000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
1515000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
110000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
336000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
276000 USD
CY2021 us-gaap Lease Cost
LeaseCost
711000 USD
CY2020 us-gaap Lease Cost
LeaseCost
797000 USD
CY2019 us-gaap Lease Cost
LeaseCost
1239000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
578000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
769000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
974000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1013000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
614000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
206000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2807000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
200000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2607000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
142397000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
128210000 USD
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
9942000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
12994000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
12464000 USD
CY2020 avdl Coupon Interest Expense
CouponInterestExpense
6469000 USD
CY2021 avdl Coupon Interest Expense
CouponInterestExpense
6469000 USD
CY2019 avdl Coupon Interest Expense
CouponInterestExpense
6469000 USD
CY2018Q1 avdl American Depository Shares Conversion Ratio
AmericanDepositorySharesConversionRatio
92.6956 Rate
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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14900000 USD
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0 USD
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3762000 USD
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988000 USD
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121000 USD
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0 USD
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1060000 USD
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1039000 USD
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239000 USD
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0 USD
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2173000 USD
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1728000 USD
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1524000 USD
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2793000 USD
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0 USD
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263000 USD
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3706000 USD
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0 USD
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2416000 USD
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0 USD
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3322000 USD
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3143000 USD
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2483000 USD
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2483000 USD
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3806000 USD
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239000 USD
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203000 USD
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555000 USD
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1777000 USD
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1475000 USD
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4108000 USD
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2626000 USD
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3429000 USD
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3701000 USD
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662000 USD
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423000 USD
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925000 USD
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890000 USD
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18256000 USD
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3179000 USD
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1018000 USD
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279000 USD
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318000 USD
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271000 USD
CY2020Q4 us-gaap Other Assets Current
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798000 USD
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16500000 USD
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0 USD
CY2020Q4 us-gaap Short Term Investments
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1477000 USD
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32826000 USD
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38726000 USD
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24128000 USD
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18256000 USD
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8549000 USD
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5201000 USD
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771000 USD
CY2020Q4 avdl Guarantee Noncurrent
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1050000 USD
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329000 USD
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217000 USD
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1030000 USD
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520000 USD
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2695000 USD
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319000 USD
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160000 USD
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2026000 USD
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5270000 USD
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3917000 USD
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4212000 USD
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5500000 USD
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488000 shares
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0.01
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50000 USD
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2999000 USD
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519000 USD
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18429000 USD
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P3Y2M12D
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5898000 shares
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7.02
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2857000 shares
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8.20
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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48000 shares
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3.54
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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234000 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.13
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
70000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
12.62
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8403000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.39
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y9M29D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12204000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
3256000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
7.88
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M17D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
6291000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6291000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1841000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
572000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.36
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.63
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.24
CY2020 us-gaap Net Income Loss
NetIncomeLoss
7028000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-33226000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58535000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52996000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37403000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1945000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58535000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54941000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37403000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.32
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.89
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.32
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.89
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15327000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14915000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16740000 shares
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
214000 USD
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-202000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-43000 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22334000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
59215000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22334000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
59215000 USD
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
29422000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
26482000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
29694000 USD
CY2021 dei Auditor Name
AuditorName
Deloitte and Touche LLP
CY2021 dei Auditor Location
AuditorLocation
St. Louis, Missouri
CY2021 dei Auditor Firm
AuditorFirmId
34

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