$CHRS
Coherus BioSciences, Inc.

2020 Q1 Form 10-Q Financial Statement

#000155837020005749 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $116.2M $37.10M
YoY Change 213.17%
Cost Of Revenue $6.855M $2.225M
YoY Change 208.09%
Gross Profit $109.3M $34.87M
YoY Change 213.49%
Gross Profit Margin 94.1% 94.0%
Selling, General & Admin $35.35M $32.68M
YoY Change 8.16% 97.16%
% of Gross Profit 32.33% 93.72%
Research & Development $33.11M $18.79M
YoY Change 76.2% -26.19%
% of Gross Profit 30.28% 53.88%
Depreciation & Amortization $600.0K $700.0K
YoY Change -14.29% -22.22%
% of Gross Profit 0.55% 2.01%
Operating Expenses $75.31M $53.70M
YoY Change 40.25% 27.75%
Operating Profit $40.87M -$16.60M
YoY Change -346.21% -60.51%
Interest Expense $4.431M $4.216M
YoY Change 5.1% 75.08%
% of Operating Profit 10.84%
Other Income/Expense, Net $68.00K $811.0K
YoY Change -91.62% 487.68%
Pretax Income $36.51M -$20.00M
YoY Change -282.49% -54.84%
Income Tax $900.0K $0.00
% Of Pretax Income 2.47%
Net Earnings $35.57M -$20.00M
YoY Change -277.82% -54.84%
Net Earnings / Revenue 30.62% -53.92%
Basic Earnings Per Share $0.50 -$0.29
Diluted Earnings Per Share $0.48 -$0.29
COMMON SHARES
Basic Shares Outstanding 70.66M 69.14M
Diluted Shares Outstanding 74.42M 69.14M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.3M $96.40M
YoY Change 100.52% 1.26%
Cash & Equivalents $193.3M $81.52M
Short-Term Investments $14.90M
Other Short-Term Assets $18.00M $14.00M
YoY Change 28.57% -18.13%
Inventory $16.44M $2.312M
Prepaid Expenses
Receivables $167.5M $46.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $395.2M $159.2M
YoY Change 148.23% 41.89%
LONG-TERM ASSETS
Property, Plant & Equipment $6.832M $12.90M
YoY Change -47.04% 8.4%
Goodwill $943.0K $943.0K
YoY Change 0.0%
Intangibles $2.620M $2.620M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $362.0K $14.00K
YoY Change 2485.71% -98.25%
Total Long-Term Assets $71.36M $26.92M
YoY Change 165.12% 65.12%
TOTAL ASSETS
Total Short-Term Assets $395.2M $159.2M
Total Long-Term Assets $71.36M $26.92M
Total Assets $466.5M $186.1M
YoY Change 150.67% 44.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.49M $11.17M
YoY Change 83.34% -21.87%
Accrued Expenses $19.52M $8.857M
YoY Change 120.39% -5.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K
YoY Change
Total Short-Term Liabilities $119.0M $41.40M
YoY Change 187.47% 49.87%
LONG-TERM LIABILITIES
Long-Term Debt $179.2M $176.6M
YoY Change 1.47% 73.14%
Other Long-Term Liabilities $11.10M
YoY Change
Total Long-Term Liabilities $190.3M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.0M $41.40M
Total Long-Term Liabilities $190.3M $0.00
Total Liabilities $309.3M $224.6M
YoY Change 37.68% 70.76%
SHAREHOLDERS EQUITY
Retained Earnings -$859.4M -$1.005B
YoY Change -14.47%
Common Stock $1.017B $966.7M
YoY Change 5.16% 18.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $157.3M -$38.50M
YoY Change
Total Liabilities & Shareholders Equity $466.5M $186.1M
YoY Change 150.67% 44.88%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $35.57M -$20.00M
YoY Change -277.82% -54.84%
Depreciation, Depletion And Amortization $600.0K $700.0K
YoY Change -14.29% -22.22%
Cash From Operating Activities $13.48M -$56.98M
YoY Change -123.65% 69.67%
INVESTING ACTIVITIES
Capital Expenditures $1.783M $335.0K
YoY Change 432.24% 313.58%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$14.90M
YoY Change -101.34% 13.74%
Cash From Investing Activities -$1.616M -$15.20M
YoY Change -89.37% 15.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.923M 81.48M
YoY Change -95.19% 4238.5%
NET CHANGE
Cash From Operating Activities 13.48M -56.98M
Cash From Investing Activities -1.616M -15.20M
Cash From Financing Activities 3.923M 81.48M
Net Change In Cash 15.78M 9.159M
YoY Change 72.33% -120.4%
FREE CASH FLOW
Cash From Operating Activities $13.48M -$56.98M
Capital Expenditures $1.783M $335.0K
Free Cash Flow $11.69M -$57.32M
YoY Change -120.4% 70.26%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesCurrent
CY2019Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesCurrent
CY2020Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiabilityNoncurrent
CY2019Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiabilityNoncurrent
CY2020Q1 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesCurrent
CY2019Q4 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesCurrent
CY2020Q1 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiabilityNoncurrent
CY2020Q1 dei Document Type
DocumentType
10-Q
CY2019Q4 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiabilityNoncurrent
CY2020Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseRightOfUseAsset
CY2019Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseRightOfUseAsset
CY2020Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2020Q1 dei Entity File Number
EntityFileNumber
001-36721
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:PropertyPlantAndEquipmentNet
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:PropertyPlantAndEquipmentNet
CY2020Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001512762
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10649000
CY2020Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2020Q1 dei Amendment Flag
AmendmentFlag
false
CY2020Q1 us-gaap Assets Current
AssetsCurrent
395183000
CY2019Q4 us-gaap Assets Current
AssetsCurrent
343009000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6832000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11527000
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2620000
CY2020Q1 dei Entity Registrant Name
EntityRegistrantName
Coherus BioSciences, Inc.
CY2020Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2020Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-3615821
CY2020Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
333 Twin Dolphin Drive
CY2020Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 600
CY2020Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Redwood City
CY2020Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2020Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94065
CY2020Q1 dei City Area Code
CityAreaCode
650
CY2020Q1 dei Local Phone Number
LocalPhoneNumber
649-3530
CY2020Q1 dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
CY2020Q1 dei Trading Symbol
TradingSymbol
CHRS
CY2020Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2020Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2020Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2020Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2020Q1 dei Entity Shell Company
EntityShellCompany
false
CY2020Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
70912622
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
193252000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
177668000
CY2020Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
167450000
CY2019Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
141992000
CY2020Q1 us-gaap Inventory Net
InventoryNet
16436000
CY2019Q4 us-gaap Inventory Net
InventoryNet
9807000
CY2020Q1 chrs Prepaid Manufacturing Expense Current
PrepaidManufacturingExpenseCurrent
11678000
CY2019Q4 chrs Prepaid Manufacturing Expense Current
PrepaidManufacturingExpenseCurrent
8578000
CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6367000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4964000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5840000
CY2020Q1 us-gaap Inventory Noncurrent
InventoryNoncurrent
48632000
CY2019Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
45264000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2620000
CY2020Q1 us-gaap Goodwill
Goodwill
943000
CY2019Q4 us-gaap Goodwill
Goodwill
943000
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
440000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
240000
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
362000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
362000
CY2020Q1 us-gaap Assets
Assets
466539000
CY2019Q4 us-gaap Assets
Assets
408927000
CY2020Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
20485000
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
25985000
CY2020Q1 chrs Accrued Rebates Fees And Reserve Current
AccruedRebatesFeesAndReserveCurrent
66157000
CY2019Q4 chrs Accrued Rebates Fees And Reserve Current
AccruedRebatesFeesAndReserveCurrent
51120000
CY2019Q4 chrs Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
10256000
CY2020Q1 us-gaap Liabilities
Liabilities
309264000
CY2019Q4 us-gaap Liabilities
Liabilities
303713000
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
7000
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
7000
CY2020Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1016644000
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1000763000
CY2020Q1 chrs Cost Of Sold Goods
CostOfSoldGoods
6855000
CY2019Q1 chrs Cost Of Sold Goods
CostOfSoldGoods
2225000
CY2020Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
33107000
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
50000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-558000
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-859426000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-894998000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
157275000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
105214000
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
466539000
CY2019Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18789000
CY2020Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10400000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18410000
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
19520000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
17258000
CY2020Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2449000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2196000
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
119011000
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
114969000
CY2020Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
102000
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
102000
CY2020Q1 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
78866000
CY2019Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
78542000
CY2020Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
26289000
CY2019Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
26181000
CY2020Q1 us-gaap Long Term Loans Payable
LongTermLoansPayable
73858000
CY2019Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
73663000
CY2020Q1 chrs Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
11138000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
408927000
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
116180000
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
37098000
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35350000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32683000
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
75312000
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
53697000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
40868000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-16599000
CY2020Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
620000
CY2019Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
610000
CY2020Q1 us-gaap Interest Expense
InterestExpense
4431000
CY2019Q1 us-gaap Interest Expense
InterestExpense
4216000
CY2019Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
343000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
68000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
811000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36505000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20004000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
933000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2020Q1 us-gaap Profit Loss
ProfitLoss
35572000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-20004000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70662185
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69140697
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74416554
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69140697
CY2020Q1 us-gaap Profit Loss
ProfitLoss
35572000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-20004000
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
608000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-136000
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
36180000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-20140000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
105214000
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4438000
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
880000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9945000
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
608000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
35572000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
157275000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
35572000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-20004000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
607000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
691000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9555000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9494000
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
627000
CY2019Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
547000
CY2020Q1 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2019Q1 us-gaap Inventory Write Down
InventoryWriteDown
410000
CY2020Q1 chrs Other Noncash Adjustments
OtherNoncashAdjustments
636000
CY2019Q1 chrs Other Noncash Adjustments
OtherNoncashAdjustments
-50000
CY2020Q1 chrs Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
510000
CY2019Q1 chrs Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
405000
CY2020Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
25626000
CY2019Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
46476000
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9608000
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6432000
CY2020Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3100000
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-136000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9159000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177908000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73191000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193692000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82350000
CY2020Q1 chrs Unpaid Upfront License Fee To Innovent Included In Accounts Payable
UnpaidUpfrontLicenseFeeToInnoventIncludedInAccountsPayable
5000000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1788000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2799000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4959000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3964000
CY2020Q1 chrs Increase Decrease In Accrued Rebates Fees And Reserve
IncreaseDecreaseInAccruedRebatesFeesAndReserve
15037000
CY2019Q1 chrs Increase Decrease In Accrued Rebates Fees And Reserve
IncreaseDecreaseInAccruedRebatesFeesAndReserve
11945000
CY2020Q1 chrs Increase Decrease In Accrued Compensation
IncreaseDecreaseInAccruedCompensation
-5632000
CY2019Q1 chrs Increase Decrease In Accrued Compensation
IncreaseDecreaseInAccruedCompensation
-1898000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2135000
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2027000
CY2020Q1 chrs Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-489000
CY2019Q1 chrs Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-506000
CY2020Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0
CY2019Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-30000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13477000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-56983000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1783000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
335000
CY2020Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
167000
CY2019Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
0
CY2020Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0
CY2019Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
14864000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1616000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15199000
CY2020Q1 chrs Proceeds From Issuance Common Stock Offering Net Of Underwriters Discounts Commissions And Offering Costs
ProceedsFromIssuanceCommonStockOfferingNetOfUnderwritersDiscountsCommissionsAndOfferingCosts
0
CY2019Q1 chrs Proceeds From Issuance Common Stock Offering Net Of Underwriters Discounts Commissions And Offering Costs
ProceedsFromIssuanceCommonStockOfferingNetOfUnderwritersDiscountsCommissionsAndOfferingCosts
8153000
CY2020Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0
CY2019Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
72876000
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4803000
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
448000
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
880000
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3923000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
81477000
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15784000
CY2019Q1 chrs Unpaid Upfront License Fee To Innovent Included In Accounts Payable
UnpaidUpfrontLicenseFeeToInnoventIncludedInAccountsPayable
0
CY2020Q1 chrs Non Cash Bonus Payment Settled In Common Stock
NonCashBonusPaymentSettledInCommonStock
1498000
CY2019Q1 chrs Non Cash Bonus Payment Settled In Common Stock
NonCashBonusPaymentSettledInCommonStock
1350000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1388000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
257000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
50000
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
440000
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
785000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193692000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82350000
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Calibri';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">1.       Organization and Operations</p><p style="font-family:'Calibri';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Description of the Business</p><p style="font-family:'Calibri';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">Coherus BioSciences, Inc. (the “Company”, “Coherus”, “we”, our” or “us”) is a commercial-stage biotherapeutics company, focused on the global biosimilar market. The Company’s headquarters and laboratories are located in Redwood City, California and in Camarillo, California, respectively. The Company’s biosimilar pipeline comprises of five  biosimilar drugs, CHS-1420 (an adalimumab (Humira®) biosimilar), CHS-2020 (an aflibercept (Eylea®) biosimilar), CHS-0214 (an etanercept (Enbrel®) biosimilar), a ranibizumab (Lucentis®) biosimilar in-licensed for U.S. commercial rights from Bioeq AG, and a bevacizumab (Avastin®) biosimilar in-licensed for U.S. commercial rights from Innovent Biologics (Suzhou) Co., Ltd.</p><p style="font-family:'Calibri';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">The Company commercializes UDENYCA® (pegfilgrastim-cbqv), a biosimilar to Neulasta, a long-acting granulocyte-colony stimulating factor, in the United States.</p><p style="font-family:'Calibri';font-size:10pt;text-align:justify;margin:18pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Liquidity<br/></b><span style="font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Calibri';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">As of March 31, 2020, the Company had an accumulated deficit of $859.4 million and cash and cash equivalents of $193.3 million. The Company had $35.6 million in net income for the three months ended March 31, 2020. The Company believes that its current available cash, cash equivalents and cash collected from UDENYCA<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">®</sup> sales will be sufficient to fund its planned expenditures and meet the Company’s obligations for at least 12 months following its financial statement issuance date<span style="color:#1f497d;">.</span> The Company may need to raise additional funds in the future; however, there can be no assurance that such efforts will be successful or that, in the event that they are successful, the terms and conditions of such financing will be favorable. If the Company is unable to obtain adequate financing when needed, it may have to delay, reduce the scope of or suspend one or more of its clinical trials or research and development programs.</p>
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-859400000
CY2020Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
193300000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
35600000
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
193252000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
81515000
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0
CY2020Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
0
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
0
CY2020Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
5674000
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5089000
CY2020Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
47969000
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
43446000
CY2020Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
11425000
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6536000
CY2020Q1 us-gaap Inventory Gross
InventoryGross
65068000
CY2019Q4 us-gaap Inventory Gross
InventoryGross
55071000
CY2020Q1 us-gaap Inventory Net
InventoryNet
16436000
CY2019Q4 us-gaap Inventory Net
InventoryNet
9807000
CY2020Q1 us-gaap Inventory Noncurrent
InventoryNoncurrent
48632000
CY2019Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
45264000
CY2020Q1 chrs Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
65068000
CY2019Q4 chrs Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
55071000
CY2020Q1 chrs Prepaid Manufacturing Expense Current
PrepaidManufacturingExpenseCurrent
11700000
CY2019Q4 chrs Prepaid Manufacturing Expense Current
PrepaidManufacturingExpenseCurrent
8600000
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23593000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22136000
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16761000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16296000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6832000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5840000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
607000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
691000
CY2020Q1 chrs Accrued Clinical And Manufacturing Liabilities Current
AccruedClinicalAndManufacturingLiabilitiesCurrent
8690000
CY2019Q4 chrs Accrued Clinical And Manufacturing Liabilities Current
AccruedClinicalAndManufacturingLiabilitiesCurrent
7106000
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10830000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10152000
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
19520000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
17258000
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
116200000
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
37100000
CY2019Q4 chrs Reserve For Discounts And Allowances Constitute Variable Consideration
ReserveForDiscountsAndAllowancesConstituteVariableConsideration
87147000
CY2020Q1 chrs Reserve For Sales Discounts And Allowances Constitute Variable Consideration
ReserveForSalesDiscountsAndAllowancesConstituteVariableConsideration
161492000
CY2020Q1 chrs Provision Related To Sales Made In Prior Period
ProvisionRelatedToSalesMadeInPriorPeriod
1038000
CY2020Q1 chrs Payments And Customer Credits Issued From Reserve For Discounts And Allowances Constitute Variable Consideration
PaymentsAndCustomerCreditsIssuedFromReserveForDiscountsAndAllowancesConstituteVariableConsideration
150498000
CY2020Q1 chrs Reserve For Discounts And Allowances Constitute Variable Consideration
ReserveForDiscountsAndAllowancesConstituteVariableConsideration
99179000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
255000
CY2019Q1 chrs Reserve For Sales Discounts And Allowances Constitute Variable Consideration
ReserveForSalesDiscountsAndAllowancesConstituteVariableConsideration
30724000
CY2019Q1 chrs Payments And Customer Credits Issued From Reserve For Discounts And Allowances Constitute Variable Consideration
PaymentsAndCustomerCreditsIssuedFromReserveForDiscountsAndAllowancesConstituteVariableConsideration
3024000
CY2019Q1 chrs Reserve For Discounts And Allowances Constitute Variable Consideration
ReserveForDiscountsAndAllowancesConstituteVariableConsideration
27700000
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
75000000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1337000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
73663000
CY2020Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
20731000
CY2020Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
28760000
CY2020Q1 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
8403000
CY2020Q1 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
600000
CY2020Q1 us-gaap Purchase Obligation
PurchaseObligation
58494000
CY2015Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
47789
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11527000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10649000
CY2020Q1 chrs Operating And Finance Lease Right Of Use Assets
OperatingAndFinanceLeaseRightOfUseAssets
11782000
CY2019Q4 chrs Operating And Finance Lease Right Of Use Assets
OperatingAndFinanceLeaseRightOfUseAssets
10649000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2365000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2196000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10964000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10256000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
13329000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12452000
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
84000
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
174000
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
258000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0
CY2020Q1 us-gaap Lease Cost
LeaseCost
800000
CY2019Q1 us-gaap Lease Cost
LeaseCost
500000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
800000
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
700000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2453000
CY2020Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
74000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3425000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
91000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3293000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
91000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3438000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
25000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2889000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
700000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16198000
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
281000
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2869000
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
23000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
13329000
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
258000
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.060
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
35572000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-20004000
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
70662185
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
69140697
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
35572000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-20004000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70662185
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69140697
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3666137
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2020Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
88232
CY2019Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
74416554
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
69140697
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13340897
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22270300
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21

Files In Submission

Name View Source Status
0001558370-20-005749-index-headers.html Edgar Link pending
0001558370-20-005749-index.html Edgar Link pending
0001558370-20-005749.txt Edgar Link pending
0001558370-20-005749-xbrl.zip Edgar Link pending
chrs-20200331xex10d4.htm Edgar Link pending
chrs-20200331xex10d4001.jpg Edgar Link pending
chrs-20200331xex31d1.htm Edgar Link pending
chrs-20200331xex31d2.htm Edgar Link pending
chrs-20200331xex32d1.htm Edgar Link pending
chrs-20200507.xsd Edgar Link pending
chrs-20200507x10q.htm Edgar Link pending
chrs-20200507x10q_htm.xml Edgar Link completed
chrs-20200507_cal.xml Edgar Link unprocessable
chrs-20200507_def.xml Edgar Link unprocessable
chrs-20200507_lab.xml Edgar Link unprocessable
chrs-20200507_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending