2015 Q4 Form 10-K Financial Statement

#000156459016013653 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $227.9M $889.9M $230.1M
YoY Change -0.96% 20.51% 56.64%
Cost Of Revenue $42.60M $152.0M $38.30M
YoY Change 11.23% 24.32% 55.69%
Gross Profit $185.3M $737.9M $191.7M
YoY Change -3.34% 19.76% 56.75%
Gross Profit Margin 81.31% 82.92% 83.31%
Selling, General & Admin $112.0M $402.3M $103.1M
YoY Change 8.63% 33.13% 45.21%
% of Gross Profit 60.44% 54.52% 53.78%
Research & Development $176.1M $634.8M $142.1M
YoY Change 23.93% 37.54% 46.04%
% of Gross Profit 95.04% 86.03% 74.13%
Depreciation & Amortization $1.900M $47.19M $6.000M
YoY Change -68.33% 2.87% -500.0%
% of Gross Profit 1.03% 6.39% 3.13%
Operating Expenses $296.5M $1.037B $253.5M
YoY Change 16.96% 35.8% 40.52%
Operating Profit -$111.2M -$110.7M -$61.80M
YoY Change 79.94% 19.17% 6.37%
Interest Expense $33.50M $38.24M -$4.300M
YoY Change -879.07% 4.37% -458.33%
% of Operating Profit
Other Income/Expense, Net -$200.0K -$9.300M $300.0K
YoY Change -166.67% -3200.0% -50.0%
Pretax Income $93.00M -$154.7M -$65.70M
YoY Change -241.55% 23.91% 10.61%
Income Tax $24.30M $17.08M $4.100M
% Of Pretax Income 26.13%
Net Earnings $68.60M -$171.8M -$69.80M
YoY Change -198.28% 28.24% 12.58%
Net Earnings / Revenue 30.1% -19.31% -30.33%
Basic Earnings Per Share -$1.07
Diluted Earnings Per Share $425.6K -$1.07 -$471.0K
COMMON SHARES
Basic Shares Outstanding 161.3M 160.0M 147.5M shares
Diluted Shares Outstanding 160.0M

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $592.6M $592.6M $945.2M
YoY Change -37.3% -37.3% 20.45%
Cash & Equivalents $397.0M $397.0M $875.5M
Short-Term Investments $195.6M $195.6M $69.70M
Other Short-Term Assets $60.38M $46.30M $108.5M
YoY Change -44.36% -53.14% 160.21%
Inventory $271.7M $271.7M $199.5M
Prepaid Expenses $27.96M $35.39M
Receivables $165.0M $165.0M $144.5M
Other Receivables $14.10M $14.10M $9.700M
Total Short-Term Assets $1.090B $1.090B $1.398B
YoY Change -22.04% -22.04% 22.88%
LONG-TERM ASSETS
Property, Plant & Equipment $704.2M $704.2M $523.5M
YoY Change 34.51% 34.52% 63.95%
Goodwill $197.0M $54.26M
YoY Change 263.15% 0.0%
Intangibles $684.0M $156.6M
YoY Change 336.84% -4.03%
Long-Term Investments $425.7M $425.7M $97.90M
YoY Change 334.83% 334.83% -63.54%
Other Assets $408.6M $628.8M $54.56M
YoY Change 649.02% 156.13% -65.07%
Total Long-Term Assets $2.640B $2.640B $1.078B
YoY Change 144.93% 144.92% -2.61%
TOTAL ASSETS
Total Short-Term Assets $1.090B $1.090B $1.398B
Total Long-Term Assets $2.640B $2.640B $1.078B
Total Assets $3.729B $3.729B $2.475B
YoY Change 50.66% 50.66% 10.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $186.2M $186.2M $32.78M
YoY Change 468.05% 28.95% -11.15%
Accrued Expenses $197.9M $197.9M $98.49M
YoY Change 100.93% 141.64% 68.62%
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 $445.5M $445.5M $235.7M
YoY Change 88.96% 89.01% 28.63%
LONG-TERM LIABILITIES
Long-Term Debt $662.3M $662.3M $642.9M
YoY Change 3.02% 3.02% -1.94%
Other Long-Term Liabilities $44.59M $77.30M $30.08M
YoY Change 48.25% 12.35% -9.93%
Total Long-Term Liabilities $44.59M $739.6M $30.08M
YoY Change 48.25% 3.92% -9.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $445.5M $445.5M $235.7M
Total Long-Term Liabilities $44.59M $739.6M $30.08M
Total Liabilities $1.329B $1.329B $947.5M
YoY Change 40.22% 40.21% 4.92%
SHAREHOLDERS EQUITY
Retained Earnings -$1.022B -$849.8M
YoY Change 20.22% 18.72%
Common Stock $3.415B $2.360B
YoY Change 44.71% 14.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.401B $2.401B $1.528B
YoY Change
Total Liabilities & Shareholders Equity $3.729B $3.729B $2.475B
YoY Change 50.66% 50.66% 10.31%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $68.60M -$171.8M -$69.80M
YoY Change -198.28% 28.24% 12.58%
Depreciation, Depletion And Amortization $1.900M $47.19M $6.000M
YoY Change -68.33% 2.87% -500.0%
Cash From Operating Activities -$65.80M -$219.5M -$25.40M
YoY Change 159.06% 211.7% 182.22%
INVESTING ACTIVITIES
Capital Expenditures -$103.9M $227.7M -$27.80M
YoY Change 273.74% 94.47% -6.71%
Acquisitions $538.4M
YoY Change
Other Investing Activities $183.4M $3.326M $490.5M
YoY Change -62.61% 7.29% -277.2%
Cash From Investing Activities $79.50M -$1.180B $462.7M
YoY Change -82.82% -700.83% -250.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $888.3M
YoY Change 656.2%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.500M 925.7M 43.00M
YoY Change -77.91% 402.56% -93.9%
NET CHANGE
Cash From Operating Activities -65.80M -219.5M -25.40M
Cash From Investing Activities 79.50M -1.180B 462.7M
Cash From Financing Activities 9.500M 925.7M 43.00M
Net Change In Cash 23.20M -473.4M 480.3M
YoY Change -95.17% -252.65% 23.31%
FREE CASH FLOW
Cash From Operating Activities -$65.80M -$219.5M -$25.40M
Capital Expenditures -$103.9M $227.7M -$27.80M
Free Cash Flow $38.10M -$447.2M $2.400M
YoY Change 1487.5% 138.5% -88.46%

Facts In Submission

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CY2015 us-gaap Nature Of Operations
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(1) NATURE OF OPERATIONS AND BUSINESS RISKS </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.17%;">BioMarin Pharmaceutical Inc. (the Company or BioMarin), a Delaware corporation, develops and commercializes innovative biopharmaceuticals for serious diseases and medical conditions. BioMarin selects product candidates for diseases and conditions that represent a significant unmet medical need, have well-understood biology and provide an opportunity to be first-to-market or offer a significant benefit over existing products. The Company&#8217;s product portfolio consists of five approved products and multiple clinical and pre-clinical product candidates. The Company&#8217;s approved products are Vimizim (elosulfase alfa), Naglazyme (galsulfase), Kuvan (sapropterin dihydrochloride), Aldurazyme (laronidase) and Firdapse (amifampridine phosphate). </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company expects to continue to finance future cash needs that exceed its operating activities primarily through its current cash, cash equivalents, short-term and long-term investments, and to the extent necessary, through proceeds from equity or debt financings, loans and collaborative agreements with corporate partners. If the Company elects to increase its spending on development programs significantly above current long-term plans or enters into potential licenses and other acquisitions of complementary technologies, products or companies, the Company may need additional capital. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is subject to a number of risks, including: the financial performance of Vimizim, Naglazyme, Kuvan, Aldurazyme and Firdapse; the potential need for additional financings; the Company&#8217;s ability to successfully commercialize its approved product candidates; the uncertainty of the Company&#8217;s research and development (R&amp;D) efforts resulting in future successful commercial products; the Company&#8217;s ability to successfully obtain regulatory approval for new products; significant competition from larger organizations; reliance on the proprietary technology of others; dependence on key personnel; uncertain patent protection; dependence on corporate partners and collaborators; and possible restrictions on reimbursement from governmental agencies and healthcare organizations, as well as other changes in the health care industry. </p></div>
CY2015 us-gaap Basis Of Accounting
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(2) BASIS OF PRESENTATION </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Basis of Presentation </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the accounts of BioMarin and its wholly owned subsidiaries. All significant intercompany transactions have been eliminated. Management performed an evaluation of the Company&#8217;s activities through the date of filing of this Annual Report on Form 10-K, and has concluded that there are no subsequent events except for the transactions disclosed in Note 25 to these Consolidated Financial Statements. </p> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p></div>
CY2015 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(4) RECENT ACCOUNTING PRONOUNCEMENTS </p> <p style="margin-top:12pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. ASU 2015-03, <font style="font-style:italic;">Interest&#8211;Imputation of Interest (Subtopic 835-30)</font>: <font style="font-style:italic;">Simplifying the Presentation of Debt Issuance Costs </font>(ASU 2015-03)<font style="font-style:italic;">,</font> which changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. It is effective for annual reporting periods beginning after December&#160;15,&#160;2015, which for the Company is January 1, 2016. Early adoption is permitted, and the Company adopted the new standard as of December 31, 2015. The new guidance was applied retrospectively to each prior period presented. The early adoption of this standard did not have a material impact on the Company&#8217;s results of operations and resulted in the reclassification of $11.7 million and $15.1 million of deferred offering costs on the Company&#8217;s Consolidated Balance Sheets for the years ended December 31, 2015 and 2014, respectively.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In July 2015, the FASB deferred the effective date for ASU No. 2014-09, <font style="font-style:italic;">Revenue from Contracts with Customers </font>(ASU 2014-09)<font style="font-style:italic;">,</font> by one year. ASU 2014-09 will supersede the revenue recognition requirements in<font style="font-style:italic;"> Revenue Recognition (Topic 605)</font> and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December&#160;15, 2017, including interim periods within that reporting period, which for the Company is January&#160;1, 2018. Early adoption is not permitted.&#160;The new standard can be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of the change recognized at the date of the initial application in retained earnings. The Company is currently evaluating the potential impact the adoption of ASU 2014-09 will have on its consolidated financial statements and has not yet selected a transition method.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In July 2015, the FASB issued ASU No. 2015-11, <font style="font-style:italic;">Inventory </font>(ASU 2015-11), which requires an entity to measure inventory within the scope at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The effective date for the standard is for fiscal years beginning after December 15, 2016, which for the Company is January 1, 2017. Early adoption is permitted. The new standard is to be applied prospectively. The Company does not expect ASU 2015-11 to have a material impact on its consolidated financial statements. </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In September 2015, the FASB issued ASU No.&#160;2015-16, <font style="font-style:italic;">Simplifying the Accounting for Measurement-Period Adjustments</font> (ASU 2015-16). The amended guidance requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments are effective prospectively for the fiscal years, and the interim reporting periods within those years, beginning on or after December&#160;15, 2015 and early adoption is permitted. The Company has elected not to early adopt ASU 2015-16. </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In November 2015 the FASB issued ASU 2015-17, <font style="font-style:italic;">Balance Sheet Classification of Deferred Taxes</font> (ASU 2015-17), which requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU is effective for the Company in its first quarter of fiscal 2017, with early application permitted and, upon adoption, may be applied either prospectively or retrospectively. The Company has elected to adopt this standard early and apply it retrospectively. The early adoption of this standard did not have a material impact on the Company&#8217;s results of operations and resulted in the reclassification of the 2014 current deferred tax asset of $31.2 million to long-term. </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.17%;font-size:10pt;font-family:inherit;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In January 2016, the FASB issued ASU No. 2016-01, <font style="font-style:italic;">Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities</font> (ASU 2016-01). ASU 2016-01 addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, which for the Company is January 1, 2018. The Company is currently evaluating the impact that the standard will have on its consolidated financial statements.</p></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.17%;">The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </p></div>
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0
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1076000
CY2015Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
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CY2014Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
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41217000
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CY2014Q4 bmrn Convertible Promissory Note Conversion Option
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CY2015Q4 bmrn Deposit For Business Acquisition
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Investments
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12540000
CY2015Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
32553000
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CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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15900000
CY2013 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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CY2014Q4 us-gaap Asset Retirement Obligation
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CY2015 us-gaap Asset Retirement Obligation Accretion Expense
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CY2015 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
820000
CY2015 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
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CY2015Q4 us-gaap Asset Retirement Obligation
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InterestExpenseDebt
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CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2015Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
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CY2014Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
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CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2015 us-gaap Current Federal Tax Expense Benefit
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CY2014 us-gaap Current Federal Tax Expense Benefit
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CY2013 us-gaap Current Federal Tax Expense Benefit
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CY2015 us-gaap Current State And Local Tax Expense Benefit
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CY2013 us-gaap Current State And Local Tax Expense Benefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
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CY2013 us-gaap Current Foreign Tax Expense Benefit
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CY2015 us-gaap Current Income Tax Expense Benefit
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CY2014 us-gaap Current Income Tax Expense Benefit
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CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.293
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.017
CY2015 bmrn Effective Income Tax Rate Reconciliation At Changes In Fair Value Of Contingent Acquisition Consideration Payable
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0.002
CY2014 bmrn Effective Income Tax Rate Reconciliation At Changes In Fair Value Of Contingent Acquisition Consideration Payable
EffectiveIncomeTaxRateReconciliationAtChangesInFairValueOfContingentAcquisitionConsiderationPayable
-0.036
CY2013 bmrn Effective Income Tax Rate Reconciliation At Changes In Fair Value Of Contingent Acquisition Consideration Payable
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-0.029
CY2015 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.084
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.515
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.454
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.029
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.036
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.016
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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-0.110
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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171840000
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CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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30626000
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CY2014Q4 bmrn Deferred Tax Assets Intangible Assets
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14550000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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49322000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2015Q4 us-gaap Deferred Tax Assets Inventory
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18942000
CY2014Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
14108000
CY2015Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
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CY2014Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
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CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1155000
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
67708000
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7812000
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
276578000
CY2015Q4 bmrn Deferred Tax Liabilities Related To Joint Venture Basis Difference
DeferredTaxLiabilitiesRelatedToJointVentureBasisDifference
1888000
CY2014Q4 bmrn Deferred Tax Liabilities Related To Joint Venture Basis Difference
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1781000
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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162689000
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
33049000
CY2015Q4 bmrn Deferred Tax Liability Related To Convertible Notes
DeferredTaxLiabilityRelatedToConvertibleNotes
32162000
CY2014Q4 bmrn Deferred Tax Liability Related To Convertible Notes
DeferredTaxLiabilityRelatedToConvertibleNotes
39317000
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
13192000
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4932000
CY2015Q4 bmrn Deferred Tax Liabilities Unrealized Gains On Available For Sale Securities
DeferredTaxLiabilitiesUnrealizedGainsOnAvailableForSaleSecurities
4256000
CY2014Q4 bmrn Deferred Tax Liabilities Unrealized Gains On Available For Sale Securities
DeferredTaxLiabilitiesUnrealizedGainsOnAvailableForSaleSecurities
6525000
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
214187000
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
85604000
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
76664000
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
190974000
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
59900000
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
500000
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
71663000
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
50815000
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
13614000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
20303000
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1454000
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
545000
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
86731000
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
86700000
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1700000
CY2015Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
200000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
30200000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11477164
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
728770
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1723345
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
159686
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10322903
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1563790
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8102226
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
38.11
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
116.94
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
30.80
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
63.79
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
44.50
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
62.18
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
35.62
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M12D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M6D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M24D
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
600112000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
630949000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
66579000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
561554000
CY2015Q4 us-gaap Share Price
SharePrice
104.76
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
56.76
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
30.93
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
30.77
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
146600000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
130100000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
119200000
CY2015 bmrn Number Of Options Available In Money
NumberOfOptionsAvailableInMoney
9700000
CY2015Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
1700000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
9953000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
34475000
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9300000
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7900000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
10400000
CY2015Q1 bmrn Revenue Multiple
RevenueMultiple
1.11
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
111525000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86410000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64376000
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
11100000
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
8200000
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6100000
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
14363000
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
20796000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5018000
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
23091000
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
643000
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2015Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1807998000
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
931965000
CY2015Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
200000
CY2014Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
200000
CY2015 bmrn Termination Of Collaborative Agreement
TerminationOfCollaborativeAgreement
P90D
CY2012Q4 bmrn Royalty Rate Lower Limit
RoyaltyRateLowerLimit
0.07
CY2012Q4 bmrn Royalty Rate Upper Limit
RoyaltyRateUpperLimit
0.10
CY2014 bmrn Gain Loss In Fair Value Of Common Stock Held In Nonqualified Deferred Compensation Plan
GainLossInFairValueOfCommonStockHeldInNonqualifiedDeferredCompensationPlan
-4800000
CY2013 bmrn Gain Loss In Fair Value Of Common Stock Held In Nonqualified Deferred Compensation Plan
GainLossInFairValueOfCommonStockHeldInNonqualifiedDeferredCompensationPlan
-4200000
CY2015 bmrn Gain Loss In Fair Value Of Common Stock Held In Nonqualified Deferred Compensation Plan
GainLossInFairValueOfCommonStockHeldInNonqualifiedDeferredCompensationPlan
-2500000
CY2015 bmrn Lease Expiration Year
LeaseExpirationYear
2025
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7209000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6527000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5444000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2990000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2352000
CY2014Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
1300000
CY2015Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
1200000
CY2014Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
700000
CY2015Q4 us-gaap Purchase Obligation
PurchaseObligation
51000000
CY2015 bmrn Contingent Payments Upon Achievement Of Certain Regulatory And Licensing Milestones
ContingentPaymentsUponAchievementOfCertainRegulatoryAndLicensingMilestones
675400000
CY2015Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
85600000

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