2020 Q4 Form 10-Q Financial Statement

#000162828020015376 Filed on November 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $85.74M $86.33M $87.90M
YoY Change -2.46% 5.92% 31.52%
Cost Of Revenue $1.250M $1.216M $1.440M
YoY Change -13.19% -16.2% -8.86%
Gross Profit $84.48M $85.11M $86.46M
YoY Change -2.29% 6.32% 32.5%
Gross Profit Margin 98.54% 98.59% 98.37%
Selling, General & Admin $25.70M $26.52M $27.13M
YoY Change -5.27% 9.4% 25.83%
% of Gross Profit 30.42% 31.16% 31.38%
Research & Development $28.28M $33.87M $24.31M
YoY Change 16.33% 48.52% 29.38%
% of Gross Profit 33.47% 39.79% 28.12%
Depreciation & Amortization $100.0K $0.00 $200.0K
YoY Change -50.0% -100.0%
% of Gross Profit 0.12% 0.0% 0.23%
Operating Expenses $53.98M $60.39M $51.44M
YoY Change 4.94% 28.36% 27.48%
Operating Profit $30.50M $24.72M $35.02M
YoY Change -12.9% -25.1% 40.63%
Interest Expense $300.0K $620.0K $1.440M
YoY Change -79.17% -54.07% 38.46%
% of Operating Profit 0.98% 2.51% 4.11%
Other Income/Expense, Net $622.0K
YoY Change -53.86%
Pretax Income $30.81M $25.34M $36.46M
YoY Change -15.5% -26.23% 40.56%
Income Tax $4.810M $3.700M $7.080M
% Of Pretax Income 15.61% 14.6% 19.42%
Net Earnings $25.99M $21.63M $29.38M
YoY Change -11.53% -17.9% 33.5%
Net Earnings / Revenue 30.32% 25.05% 33.43%
Basic Earnings Per Share $0.22 $0.19 $0.26
Diluted Earnings Per Share $0.20 $0.17 $0.24
COMMON SHARES
Basic Shares Outstanding 116.2M shares 115.7M shares 114.3M shares
Diluted Shares Outstanding 124.5M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $440.7M $428.8M $276.0M
YoY Change 59.69% 85.15% 33.47%
Cash & Equivalents $76.19M $30.56M $31.27M
Short-Term Investments $364.5M $398.2M $244.7M
Other Short-Term Assets $6.700M $7.900M $6.000M
YoY Change 11.67% 1.28% -22.08%
Inventory $4.910M $4.817M $5.424M
Prepaid Expenses
Receivables $26.20M $21.96M $19.93M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $478.5M $463.5M $307.4M
YoY Change 55.68% 73.39% 29.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.675M $1.311M $1.050M
YoY Change 59.52% 6.85% 60.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $36.20M $15.40M $39.40M
YoY Change -8.12% -56.37%
Other Assets $5.000M $5.010M $3.448M
YoY Change 45.01% 3240.0% 6796.0%
Total Long-Term Assets $93.23M $70.63M $105.0M
YoY Change -11.17% -29.16% 40.17%
TOTAL ASSETS
Total Short-Term Assets $478.5M $463.5M $307.4M
Total Long-Term Assets $93.23M $70.63M $105.0M
Total Assets $571.7M $534.1M $412.3M
YoY Change 38.66% 45.53% 32.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.55M $6.510M $7.537M
YoY Change 40.03% 9.65% -8.82%
Accrued Expenses $21.19M $18.97M $23.27M
YoY Change -8.95% -12.04% -2.17%
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 $47.49M $43.05M $38.84M
YoY Change 22.28% 32.88% 9.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $900.0K $1.400M $2.300M
YoY Change -60.87% 366.67% 1050.0%
Total Long-Term Liabilities $900.0K $1.400M $2.300M
YoY Change -60.87% 366.67% 1050.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.49M $43.05M $38.84M
Total Long-Term Liabilities $900.0K $1.400M $2.300M
Total Liabilities $48.39M $44.45M $41.13M
YoY Change 17.66% 36.14% 14.85%
SHAREHOLDERS EQUITY
Retained Earnings $82.46M $56.46M -$23.56M
YoY Change -450.06% -206.66% -79.99%
Common Stock $516.3M $496.6M $457.2M
YoY Change 12.92% 11.17% 9.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 5.300M shares
Shareholders Equity $523.3M $489.7M $371.2M
YoY Change
Total Liabilities & Shareholders Equity $571.7M $534.1M $412.3M
YoY Change 38.66% 45.53% 32.28%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $25.99M $21.63M $29.38M
YoY Change -11.53% -17.9% 33.5%
Depreciation, Depletion And Amortization $100.0K $0.00 $200.0K
YoY Change -50.0% -100.0%
Cash From Operating Activities $35.10M $30.40M $48.40M
YoY Change -27.48% -21.04% 124.07%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$700.0K -$100.0K
YoY Change 300.0% 133.33% 0.0%
Acquisitions
YoY Change
Other Investing Activities $11.70M -$63.60M -$61.80M
YoY Change -118.93% 17.78% 3535.29%
Cash From Investing Activities $11.20M -$64.30M -$62.00M
YoY Change -118.06% 18.42% 3344.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0K 5.900M -100.0K
YoY Change 600.0% 118.52% -99.17%
NET CHANGE
Cash From Operating Activities 35.10M 30.40M 48.40M
Cash From Investing Activities 11.20M -64.30M -62.00M
Cash From Financing Activities -700.0K 5.900M -100.0K
Net Change In Cash 45.60M -28.00M -13.70M
YoY Change -432.85% 113.74% -275.64%
FREE CASH FLOW
Cash From Operating Activities $35.10M $30.40M $48.40M
Capital Expenditures -$400.0K -$700.0K -$100.0K
Free Cash Flow $35.50M $31.10M $48.50M
YoY Change -26.8% -19.85% 123.5%

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cort Increase Decrease In Accrued Clinical Expenses
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9055000 USD
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IncreaseDecreaseInAccruedClinicalExpenses
600000 USD
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-4315000 USD
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IncreaseDecreaseInOtherAccruedLiabilities
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-1205000 USD
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116899000 USD
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87663000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
807000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
953000 USD
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ProceedsFromSaleAndMaturityOfMarketableSecurities
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ProceedsFromSaleAndMaturityOfMarketableSecurities
168445000 USD
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ProceedsFromIssuanceOrSaleOfEquity
13240000 USD
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StockholdersEquity
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ProceedsFromIssuanceOrSaleOfEquity
6643000 USD
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PaymentsForRepurchaseOfCommonStock
275000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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12875000 USD
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NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3323000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31269000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41625000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30560000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44948000 USD
cort Shares Repurchased In Net Settlement Of Cashless Option Exercise
SharesRepurchasedInNetSettlementOfCashlessOptionExercise
900000 USD
cort Shares Repurchased In Net Settlement Of Cashless Option Exercise
SharesRepurchasedInNetSettlementOfCashlessOptionExercise
931000 USD
cort Non Cash Transaction Recognition Of Right Of Use Asset And Lease Liability
NonCashTransactionRecognitionOfRightOfUseAssetAndLeaseLiability
775000 USD
cort Non Cash Transaction Recognition Of Right Of Use Asset And Lease Liability
NonCashTransactionRecognitionOfRightOfUseAssetAndLeaseLiability
1878000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3366000 USD
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5100000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6724000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
164000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
13555000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
18274000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
285755000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1514000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7791000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
227000 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
17420000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
20186000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
298053000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2697000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7293000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
26340000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
334376000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
334376000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
371182000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
480000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7988000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
49000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
275000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
835000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8548000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
530000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
28327000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
453698000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6020000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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155000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8755000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-263000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
489680000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
21625000 USD
cort Number Of Series Of Selective Cortisol Modulators
NumberOfSeriesOfSelectiveCortisolModulators
4 series
CY2020Q3 us-gaap Prepaid Taxes
PrepaidTaxes
1800000 USD
CY2020Q3 cort Inventory Raw Materials Current And Noncurrent
InventoryRawMaterialsCurrentAndNoncurrent
1516000 USD
CY2019Q4 cort Inventory Raw Materials Current And Noncurrent
InventoryRawMaterialsCurrentAndNoncurrent
1389000 USD
CY2020Q3 cort Inventory Work In Process Current And Noncurrent
InventoryWorkInProcessCurrentAndNoncurrent
9284000 USD
CY2019Q4 cort Inventory Work In Process Current And Noncurrent
InventoryWorkInProcessCurrentAndNoncurrent
10086000 USD
CY2020Q3 cort Inventory Finished Goods Current And Noncurrent
InventoryFinishedGoodsCurrentAndNoncurrent
6092000 USD
CY2019Q4 cort Inventory Finished Goods Current And Noncurrent
InventoryFinishedGoodsCurrentAndNoncurrent
5930000 USD
CY2020Q3 cort Inventory Current Noncurrent
InventoryCurrentNoncurrent
16892000 USD
CY2019Q4 cort Inventory Current Noncurrent
InventoryCurrentNoncurrent
17405000 USD
CY2020Q3 us-gaap Inventory Noncurrent
InventoryNoncurrent
12075000 USD
CY2019Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
11981000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
4817000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
5424000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
3087000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2378000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1776000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1328000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1311000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1050000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12331000 USD
CY2020Q3 cort Accrued Government Rebate Current
AccruedGovernmentRebateCurrent
8972000 USD
CY2019Q4 cort Accrued Government Rebate Current
AccruedGovernmentRebateCurrent
8209000 USD
CY2020Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7671000 USD
CY2020Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
876000 USD
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
1087000 USD
CY2020Q3 cort Accrued Legal Fees Current
AccruedLegalFeesCurrent
611000 USD
CY2019Q4 cort Accrued Legal Fees Current
AccruedLegalFeesCurrent
491000 USD
CY2020Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
421000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
367000 USD
CY2020Q3 cort Accrued Manufacturing Costs
AccruedManufacturingCosts
172000 USD
CY2019Q4 cort Accrued Manufacturing Costs
AccruedManufacturingCosts
33000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
0 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
472000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
249000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
279000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
18972000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23269000 USD
CY2020Q3 cort Deposits For Clinical Trials
DepositsForClinicalTrials
4800000 USD
CY2019Q4 cort Deposits For Clinical Trials
DepositsForClinicalTrials
3300000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
434722000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
302506000 USD
CY2020Q3 us-gaap Interest Receivable Current
InterestReceivableCurrent
1600000 USD
CY2019Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
1000000.0 USD
cort Marketable Securities Maximum Maturity Period
MarketableSecuritiesMaximumMaturityPeriod
P2Y
cort Marketable Securities Weighted Average Maturity Period
MarketableSecuritiesWeightedAverageMaturityPeriod
P5M
cort Long Term Marketable Securities Remaining Maturity
LongTermMarketableSecuritiesRemainingMaturity
P13M
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
500000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
1300000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
514000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
391000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1326000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1160000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
775000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1878000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P18M
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
4.8
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
527000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2109000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
530000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3166000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
135000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3031000 USD
CY2020Q1 cort Short Term Purchase Commitment Minimum Mass Required
ShortTermPurchaseCommitmentMinimumMassRequired
400 kg
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 USD
cort Number Of Stock Option Plans
NumberOfStockOptionPlans
2 stock_option_plan
CY2020Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
600000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1700000 shares
CY2019Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2300000 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
21625000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
26340000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
53000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
22000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
182000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
105000 USD
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8755000 USD
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
7293000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
25291000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
21808000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113875000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Net Income Loss
NetIncomeLoss
80017000 USD
us-gaap Net Income Loss
NetIncomeLoss
64800000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115734000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115107000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114349000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8730000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7887000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8230000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8129000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124464000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121762000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123337000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122478000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26000000.0 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
24100000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20800000 USD
CY2020Q3 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1000000.0 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2100000 USD
CY2020Q3 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1800000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-11800000 USD
CY2020Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2000000.0 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
9000000.0 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15400000 USD
CY2019Q3 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-5900000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-11700000 USD
CY2019Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2100000 USD
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
3700000 USD

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