2023 Q1 Form 10-K Financial Statement

#000162828023005259 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $68.78M $79.55M $270.8M
YoY Change 37.77% 68.68% 72.31%
Cost Of Revenue $938.0K $2.496M $6.408M
YoY Change 297.46% 495.7% -11.36%
Gross Profit $67.84M $77.05M $264.4M
YoY Change 36.53% 64.85% 76.35%
Gross Profit Margin 98.64% 96.86% 97.63%
Selling, General & Admin $47.87M $50.15M $159.4M
YoY Change 39.63% 41.73% 34.13%
% of Gross Profit 70.56% 65.09% 60.27%
Research & Development $48.39M $73.21M $253.3M
YoY Change -25.97% 15.23% 21.31%
% of Gross Profit 71.33% 95.01% 95.79%
Depreciation & Amortization $405.0K $396.0K $1.437M
YoY Change 27.76% 131.58% 84.94%
% of Gross Profit 0.6% 0.51% 0.54%
Operating Expenses $96.26M $123.4M $412.7M
YoY Change -3.4% 24.71% 25.96%
Operating Profit -$28.42M -$46.31M -$148.4M
YoY Change -43.12% -11.24% -16.48%
Interest Expense -$24.25M -$25.15M $99.09M
YoY Change -201.72% 31.1% 67.12%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$52.66M -$71.47M -$244.4M
YoY Change -28.76% 360.29% 34.42%
Income Tax $671.0K $76.00K $2.733M
% Of Pretax Income
Net Earnings -$53.33M -$71.54M -$247.1M
YoY Change -28.12% 302.39% 34.26%
Net Earnings / Revenue -77.54% -89.94% -91.24%
Basic Earnings Per Share -$0.28 -$1.33
Diluted Earnings Per Share -$0.28 -$0.38 -$1.33
COMMON SHARES
Basic Shares Outstanding 188.5M shares 186.4M shares 185.9M shares
Diluted Shares Outstanding 188.5M shares 185.9M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $398.2M $424.3M $424.3M
YoY Change -10.22% -16.41% -16.41%
Cash & Equivalents $155.1M $304.8M $304.8M
Short-Term Investments $243.0M $119.5M $119.5M
Other Short-Term Assets $16.62M $14.06M $14.06M
YoY Change 5.95% 5.45% 5.45%
Inventory $27.47M $27.53M $27.53M
Prepaid Expenses
Receivables $48.64M $50.60M $50.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $490.9M $516.5M $516.5M
YoY Change -4.07% -8.77% -8.77%
LONG-TERM ASSETS
Property, Plant & Equipment $8.376M $8.617M $15.42M
YoY Change -4.81% -1.11% 1.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.432M $18.08M $18.08M
YoY Change 164.71% 164.71%
Other Assets $7.046M $6.806M
YoY Change -2.23% 5.16%
Total Long-Term Assets $18.85M $33.50M $33.50M
YoY Change 17.79% 52.17% 52.17%
TOTAL ASSETS
Total Short-Term Assets $490.9M $516.5M $516.5M
Total Long-Term Assets $18.85M $33.50M $33.50M
Total Assets $509.7M $550.0M $550.0M
YoY Change -3.41% -6.49% -6.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.254M $14.36M $14.36M
YoY Change -54.95% -48.37% -48.37%
Accrued Expenses $75.21M $87.57M $89.93M
YoY Change 18.29% 20.5% 20.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.16M $105.5M $105.5M
YoY Change 5.11% 1.73% 1.73%
LONG-TERM LIABILITIES
Long-Term Debt $232.5M $231.6M $733.3M
YoY Change 65.81% 70.21% 25.25%
Other Long-Term Liabilities $5.934M $5.804M $5.804M
YoY Change -8.1% -2.65% -2.65%
Total Long-Term Liabilities $232.5M $231.6M $739.1M
YoY Change 65.81% 70.21% 24.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.16M $105.5M $105.5M
Total Long-Term Liabilities $232.5M $231.6M $739.1M
Total Liabilities $317.7M $337.1M $844.6M
YoY Change 43.58% 40.59% 21.5%
SHAREHOLDERS EQUITY
Retained Earnings -$1.508B -$1.455B
YoY Change 17.65% 20.47%
Common Stock $1.889M $1.879M
YoY Change 1.78% 1.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$328.3M -$294.6M -$294.6M
YoY Change
Total Liabilities & Shareholders Equity $509.7M $550.0M $550.0M
YoY Change -3.41% -6.49% -6.49%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$53.33M -$71.54M -$247.1M
YoY Change -28.12% 302.39% 34.26%
Depreciation, Depletion And Amortization $405.0K $396.0K $1.437M
YoY Change 27.76% 131.58% 84.94%
Cash From Operating Activities -$47.51M -$23.85M -$161.9M
YoY Change -38.93% -26.53% 13.85%
INVESTING ACTIVITIES
Capital Expenditures $160.0K $526.0K $1.351M
YoY Change -139.41% -147.47% -156.65%
Acquisitions
YoY Change
Other Investing Activities -$106.9M $77.74M -$126.9M
YoY Change 180.96% -876.48% -797.6%
Cash From Investing Activities -$107.1M $77.22M -$128.2M
YoY Change 178.41% -794.38% -911.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $5.077M 4.199M $88.03M
YoY Change -30.98% -98.79% -75.53%
NET CHANGE
Cash From Operating Activities -$47.51M -23.85M -$161.9M
Cash From Investing Activities -$107.1M 77.22M -$128.2M
Cash From Financing Activities $5.077M 4.199M $88.03M
Net Change In Cash -$149.6M 57.57M -$201.5M
YoY Change 37.44% -81.05% -186.34%
FREE CASH FLOW
Cash From Operating Activities -$47.51M -$23.85M -$161.9M
Capital Expenditures $160.0K $526.0K $1.351M
Free Cash Flow -$47.67M -$24.37M -$163.2M
YoY Change -38.4% -22.25% 16.76%

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ShareBasedCompensation
44701000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
34640000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
14794000 usd
CY2022 bcrx Noncash Interest Expense And Amortization Of Debt Issuance Costs
NoncashInterestExpenseAndAmortizationOfDebtIssuanceCosts
98918000 usd
CY2021 bcrx Noncash Interest Expense And Amortization Of Debt Issuance Costs
NoncashInterestExpenseAndAmortizationOfDebtIssuanceCosts
54204000 usd
CY2020 bcrx Noncash Interest Expense And Amortization Of Debt Issuance Costs
NoncashInterestExpenseAndAmortizationOfDebtIssuanceCosts
3325000 usd
CY2022 bcrx Amortization Of Premium Discount On Investments
AmortizationOfPremiumDiscountOnInvestments
-1777000 usd
CY2021 bcrx Amortization Of Premium Discount On Investments
AmortizationOfPremiumDiscountOnInvestments
-2000 usd
CY2020 bcrx Amortization Of Premium Discount On Investments
AmortizationOfPremiumDiscountOnInvestments
121000 usd
CY2022 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
0 usd
CY2021 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
0 usd
CY2020 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-632000 usd
CY2022 bcrx Increase Decrease In Extinguishment Of Debt
IncreaseDecreaseInExtinguishmentOfDebt
0 usd
CY2021 bcrx Increase Decrease In Extinguishment Of Debt
IncreaseDecreaseInExtinguishmentOfDebt
55838000 usd
CY2020 bcrx Increase Decrease In Extinguishment Of Debt
IncreaseDecreaseInExtinguishmentOfDebt
-1211000 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
21470000 usd
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
20817000 usd
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-13903000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12423000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8767000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7039000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2583000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7155000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2140000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-22360000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
39412000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17355000 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
0 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4168000 usd
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
6766000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-109000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1283000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1970000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-161850000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-142157000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1351000 usd
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2385000 usd
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
514000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
244283000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10012000 usd
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
49818000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
117396000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
28201000 usd
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
43476000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-128238000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
15804000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6856000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50000000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
93279000 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2020 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
14817000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14955000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15794000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2446000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
73072000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
52420000 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
119867000 usd
CY2022 bcrx Proceeds From Royalty Financing Obligation
ProceedsFromRoyaltyFinancingObligation
0 usd
CY2021 bcrx Proceeds From Royalty Financing Obligation
ProceedsFromRoyaltyFinancingObligation
293874000 usd
CY2020 bcrx Proceeds From Royalty Financing Obligation
ProceedsFromRoyaltyFinancingObligation
122600000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
88027000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
359668000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
300589000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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566000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-201495000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
233386000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
158625000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
507734000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
274348000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115723000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
306239000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
507734000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
274348000 usd
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
38252000 usd
CY2020 us-gaap Net Income Loss
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-182814000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-36000 usd
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1814000 usd
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
632000 usd
CY2020 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
22044000 shares
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
93279000 usd
CY2020 bcrx Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
3511000 shares
CY2020 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
14817000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14794000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-19262000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-184062000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
174000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13805000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1989000 usd
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3846000 shares
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
45730000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34640000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-106986000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-247116000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-151000 usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3044000 shares
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12090000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2862000 usd
CY2022 bcrx Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
253000 shares
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
44701000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-294597000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. The most significant estimates in the Company’s consolidated financial statements relate to </span></div>the valuation of stock options, the ORLADEYO and Factor D inhibitors royalty financing obligations and the valuation allowance for deferred tax assets resulting from net operating losses. These estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.
CY2022 bcrx Longterm Investment Maturity Minimum
LongtermInvestmentMaturityMinimum
P12Y
CY2022Q4 us-gaap Inventory Adjustments
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932000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1177000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
14891000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
5705000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
6567000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
99092000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
59294000 usd
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
14501000 usd
CY2022 bcrx Amortization Of Debt Financing Costs And Original Issue Discounts
AmortizationOfDebtFinancingCostsAndOriginalIssueDiscounts
-916000 usd
CY2021 bcrx Amortization Of Debt Financing Costs And Original Issue Discounts
AmortizationOfDebtFinancingCostsAndOriginalIssueDiscounts
-531000 usd
CY2020 bcrx Amortization Of Debt Financing Costs And Original Issue Discounts
AmortizationOfDebtFinancingCostsAndOriginalIssueDiscounts
1217000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
270827000 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25596 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26034 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14957 shares
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
1000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
157170000 usd
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
17812000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
138196000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
487000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1063000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
137620000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
9989000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
65000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
13000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
10041000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
119543000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
3212000 usd
CY2022Q4 bcrx Maturing After One Year Through Two Years
MaturingAfterOneYearThroughTwoYears
18077000 usd
CY2021Q4 bcrx Maturing After One Year Through Two Years
MaturingAfterOneYearThroughTwoYears
6829000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
137620000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
10041000 usd
CY2022Q4 us-gaap Receivables Net Current
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8268000 usd
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1980000 usd
CY2022Q4 us-gaap Inventory Raw Materials
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8906000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5658000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
14990000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
9669000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4814000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
709000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
28710000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
16036000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1177000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
245000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
27533000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
15791000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18167000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16827000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9550000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8113000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8617000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8714000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1437000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
777000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
748000 usd
CY2022Q4 bcrx Accrued Development Costs
AccruedDevelopmentCosts
30360000 usd
CY2021Q4 bcrx Accrued Development Costs
AccruedDevelopmentCosts
30215000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
22125000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20674000 usd
CY2022Q4 bcrx Revenue Related Reserves For Discounts And Allowances
RevenueRelatedReservesForDiscountsAndAllowances
14332000 usd
CY2021Q4 bcrx Revenue Related Reserves For Discounts And Allowances
RevenueRelatedReservesForDiscountsAndAllowances
5957000 usd
CY2022Q4 bcrx Royalties Payable
RoyaltiesPayable
7700000 usd
CY2021Q4 bcrx Royalties Payable
RoyaltiesPayable
4426000 usd
CY2022Q4 bcrx Accrued Inventory Expense
AccruedInventoryExpense
4193000 usd
CY2021Q4 bcrx Accrued Inventory Expense
AccruedInventoryExpense
3793000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1128000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1305000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
410000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2622000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7317000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3678000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
87565000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
72670000 usd
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
122609000 usd
CY2020 bcrx Non Cash Interest Expense On Royalty Financing Obligation
NonCashInterestExpenseOnRoyaltyFinancingObligation
2108000 usd
CY2020Q4 bcrx Future Royalties Payable
FutureRoyaltiesPayable
124717000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
298142000 usd
CY2021 bcrx Non Cash Interest Expense On Royalty Financing Obligation
NonCashInterestExpenseOnRoyaltyFinancingObligation
37670000 usd
CY2021 bcrx Royalties Revenues Paid And Payable
RoyaltiesRevenuesPaidAndPayable
-11154000 usd
CY2021Q4 bcrx Future Royalties Payable
FutureRoyaltiesPayable
449375000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
34000 usd
CY2022 bcrx Non Cash Interest Expense On Royalty Financing Obligation
NonCashInterestExpenseOnRoyaltyFinancingObligation
76482000 usd
CY2022 bcrx Royalties Revenues Paid And Payable
RoyaltiesRevenuesPaidAndPayable
-24168000 usd
CY2022Q4 bcrx Future Royalties Payable
FutureRoyaltiesPayable
501655000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
2532000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
1795000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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Ernst & Young LLP
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42

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