2021 Q2 Form 10-Q Financial Statement
#000156459021039178 Filed on July 29, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
Revenue | $900.7M | $44.00K |
YoY Change | 2046947.73% | -86.16% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $29.81M | $21.40M |
YoY Change | 39.28% | 35.44% |
% of Gross Profit | ||
Research & Development | $82.33M | $59.38M |
YoY Change | 38.65% | 50.2% |
% of Gross Profit | ||
Depreciation & Amortization | $3.600M | $2.200M |
YoY Change | 63.64% | 120.0% |
% of Gross Profit | ||
Operating Expenses | $138.1M | $80.73M |
YoY Change | 71.04% | 45.99% |
Operating Profit | $762.6M | -$80.69M |
YoY Change | -1045.13% | 46.75% |
Interest Expense | $0.00 | |
YoY Change | -100.0% | |
% of Operating Profit | ||
Other Income/Expense, Net | $750.0K | $1.412M |
YoY Change | -46.88% | 3.14% |
Pretax Income | $763.4M | -$79.28M |
YoY Change | -1062.91% | 47.87% |
Income Tax | $4.100M | $400.0K |
% Of Pretax Income | 0.54% | |
Net Earnings | $759.2M | -$79.66M |
YoY Change | -1053.13% | 48.34% |
Net Earnings / Revenue | 84.29% | -181036.36% |
Basic Earnings Per Share | $10.01 | -$1.30 |
Diluted Earnings Per Share | $9.44 | -$1.30 |
COMMON SHARES | ||
Basic Shares Outstanding | 75.83M | 61.42M |
Diluted Shares Outstanding | 80.45M | 61.42M |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.627B | $945.1M |
YoY Change | 177.99% | 120.87% |
Cash & Equivalents | $1.647B | $945.1M |
Short-Term Investments | $980.6M | |
Other Short-Term Assets | $31.35M | $20.50M |
YoY Change | 52.91% | 99.03% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $150.0K | $0.00 |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.621B | $965.6M |
YoY Change | 171.43% | 120.22% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $75.41M | $34.44M |
YoY Change | 118.95% | 70.89% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $23.63M | $7.000M |
YoY Change | 237.54% | 946.34% |
Total Long-Term Assets | $278.6M | $80.90M |
YoY Change | 244.35% | 45.05% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.621B | $965.6M |
Total Long-Term Assets | $278.6M | $80.90M |
Total Assets | $2.900B | $1.047B |
YoY Change | 177.07% | 111.74% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.15M | $13.20M |
YoY Change | -23.14% | 84.8% |
Accrued Expenses | $67.10M | $36.69M |
YoY Change | 82.91% | 96.93% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $99.92M | $74.50M |
YoY Change | 34.12% | 137.17% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $195.8M | $61.40M |
YoY Change | 218.89% | 27809.09% |
Total Long-Term Liabilities | $195.8M | $61.40M |
YoY Change | 218.89% | 27809.09% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $99.92M | $74.50M |
Total Long-Term Liabilities | $195.8M | $61.40M |
Total Liabilities | $295.7M | $135.9M |
YoY Change | 117.6% | 7.38% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $2.604B | $910.7M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.900B | $1.047B |
YoY Change | 177.07% | 111.74% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $759.2M | -$79.66M |
YoY Change | -1053.13% | 48.34% |
Depreciation, Depletion And Amortization | $3.600M | $2.200M |
YoY Change | 63.64% | 120.0% |
Cash From Operating Activities | $807.0M | -$29.27M |
YoY Change | -2857.09% | -19.54% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$28.45M | -$3.610M |
YoY Change | 688.17% | 66.36% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$265.2M | |
YoY Change | ||
Cash From Investing Activities | -$293.6M | -$3.610M |
YoY Change | 8033.91% | 66.36% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 8.444M | 89.51M |
YoY Change | -90.57% | 201.89% |
NET CHANGE | ||
Cash From Operating Activities | 807.0M | -29.27M |
Cash From Investing Activities | -293.6M | -3.610M |
Cash From Financing Activities | 8.444M | 89.51M |
Net Change In Cash | 521.8M | 56.63M |
YoY Change | 821.44% | -736.29% |
FREE CASH FLOW | ||
Cash From Operating Activities | $807.0M | -$29.27M |
Capital Expenditures | -$28.45M | -$3.610M |
Free Cash Flow | $835.5M | -$25.66M |
YoY Change | -3355.85% | -24.99% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
900701000 | |
CY2021Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
750000 | |
CY2020Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
1412000 | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
2705000 | ||
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
5644000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-148631000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4718000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
756000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
10000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-28000 | ||
CY2021Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-173000 | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-556000 | ||
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
759057000 | |
CY2020Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-79659000 | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
645516000 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
10.01 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.30 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
8.57 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.44 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75826594 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61420746 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75418160 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61134214 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
9.44 | |
CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.30 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.03 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.44 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
80449956 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61420746 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
80458855 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61134214 | ||
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
939425000 | |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
14151000 | |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
|
889000 | |
CY2021Q1 | crsp |
Stock Purchased During Period Value Employee Stock Purchase Plan
StockPurchasedDuringPeriodValueEmployeeStockPurchasePlan
|
751000 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
22092000 | |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-378000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-113163000 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1805498000 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
10909000 | |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
28331000 | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-168000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
759225000 | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2603795000 | |
us-gaap |
Profit Loss
ProfitLoss
|
646062000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-149387000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6368000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4283000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
50423000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29848000 | ||
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-4417000 | ||
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-889000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-66000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-271000 | ||
crsp |
Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
|
1259000 | ||
crsp |
Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
|
-111000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-5870000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-3652000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
706339000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-81454000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35473000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6596000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
715982000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
289921000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-461534000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6596000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
213267000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
83021000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
21167000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
7616000 | ||
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
10000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
479249000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2559000 | ||
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1185468000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
948812000 | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1664717000 | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
7533000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2585000 | ||
crsp |
Equity Issuance Costs In Accounts Payable And Accrued Expenses
EquityIssuanceCostsInAccountsPayableAndAccruedExpenses
|
402000 | ||
crsp |
Equity Issuance Costs In Accounts Payable And Accrued Expenses
EquityIssuanceCostsInAccountsPayableAndAccruedExpenses
|
1009000 | ||
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1646646000 | |
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
945068000 | |
CY2021Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
18071000 | |
CY2020Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
6303000 | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1664717000 | |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
951371000 | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
CY2021Q2 | crsp |
Cash Equivalents And Available For Sale Debt Securities Gross Unrealized Losses Before Tax
CashEquivalentsAndAvailableForSaleDebtSecuritiesGrossUnrealizedLossesBeforeTax
|
772000 | |
CY2021Q2 | crsp |
Cash Equivalents And Available For Sale Debt Securities Fair Value
CashEquivalentsAndAvailableForSaleDebtSecuritiesFairValue
|
1608826000 | |
CY2020Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
773560000 | |
CY2020Q4 | crsp |
Cash Equivalents Gross Unrealized Gains Before Tax
CashEquivalentsGrossUnrealizedGainsBeforeTax
|
1000 | |
CY2020Q4 | crsp |
Cash Equivalents Gross Unrealized Losses Before Tax
CashEquivalentsGrossUnrealizedLossesBeforeTax
|
24000 | |
CY2020Q4 | crsp |
Cash Equivalents Fair Value
CashEquivalentsFairValue
|
773537000 | |
CY2020Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
521820000 | |
CY2020Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
51000 | |
CY2020Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
158000 | |
CY2020Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
521713000 | |
CY2020Q4 | crsp |
Cash Equivalents And Available For Sale Debt Securities Amortized Cost Basis
CashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCostBasis
|
1295380000 | |
CY2020Q4 | crsp |
Cash Equivalents And Available For Sale Debt Securities Gross Unrealized Gains Before Tax
CashEquivalentsAndAvailableForSaleDebtSecuritiesGrossUnrealizedGainsBeforeTax
|
52000 | |
CY2021Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
770000 | |
CY2021Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
942800000 | |
CY2021Q2 | crsp |
Cash Equivalents And Available For Sale Debt Securities Amortized Cost Basis
CashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCostBasis
|
1609512000 | |
CY2021Q2 | crsp |
Cash Equivalents And Available For Sale Debt Securities Gross Unrealized Gains Before Tax
CashEquivalentsAndAvailableForSaleDebtSecuritiesGrossUnrealizedGainsBeforeTax
|
86000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<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:4.54%;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 GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. <span style="color:#212529;">On an ongoing basis, the Company’s management evaluates its estimates, which include, but are not limited to, revenue recognition, equity-based compensation expense and reported amounts of expenses during the period. Significant estimates in these consolidated financial statements have been made in connection with revenue recognition and equity-based compensation expense. The Company bases its estimates on historical experience and other market-specific or other relevant assumptions that it believes to be reasonable under the circumstances. Actual results may differ from those estimates or assumptions.</span><span style="color:#000000;"> Changes in estimates are reflected in reported results in the period in which they become known.</span></p> | ||
CY2021Q2 | us-gaap |
Marketable Securities
MarketableSecurities
|
980600000 | |
CY2020Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
395100000 | |
CY2021Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
666028000 | |
CY2021Q2 | crsp |
Cash Equivalents Gross Unrealized Losses Before Tax
CashEquivalentsGrossUnrealizedLossesBeforeTax
|
2000 | |
CY2021Q2 | crsp |
Cash Equivalents Fair Value
CashEquivalentsFairValue
|
666026000 | |
CY2021Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
943484000 | |
CY2021Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
86000 | |
CY2020Q4 | crsp |
Cash Equivalents And Available For Sale Debt Securities Gross Unrealized Losses Before Tax
CashEquivalentsAndAvailableForSaleDebtSecuritiesGrossUnrealizedLossesBeforeTax
|
182000 | |
CY2020Q4 | crsp |
Cash Equivalents And Available For Sale Debt Securities Fair Value
CashEquivalentsAndAvailableForSaleDebtSecuritiesFairValue
|
1295250000 | |
CY2021Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
622600000 | |
CY2020Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
280300000 | |
CY2021Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
0 | |
CY2020Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
0 | |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | ||
CY2021Q2 | crsp |
Credit Related Impairment Charges For Marketable Securities
CreditRelatedImpairmentChargesForMarketableSecurities
|
0 | |
crsp |
Credit Related Impairment Charges For Marketable Securities
CreditRelatedImpairmentChargesForMarketableSecurities
|
0 | ||
CY2021Q2 | crsp |
Debt Securities Available For Sale Securities Remaining Maturity Greater Than Three Year
DebtSecuritiesAvailableForSaleSecuritiesRemainingMaturityGreaterThanThreeYear
|
0 | |
CY2021Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
102930000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
63335000 | |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
27516000 | |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
21175000 | |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
75414000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
42160000 | |
CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
3600000 | |
us-gaap |
Depreciation
Depreciation
|
6300000 | ||
CY2020Q2 | us-gaap |
Depreciation
Depreciation
|
2200000 | |
us-gaap |
Depreciation
Depreciation
|
4300000 | ||
CY2021Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
15325000 | |
CY2020Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
22402000 | |
CY2021Q2 | crsp |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
34023000 | |
CY2020Q4 | crsp |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
21684000 | |
CY2021Q2 | crsp |
Accrued License Fees Current
AccruedLicenseFeesCurrent
|
150000 | |
CY2020Q4 | crsp |
Accrued License Fees Current
AccruedLicenseFeesCurrent
|
1401000 | |
CY2021Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3085000 | |
CY2020Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1670000 | |
CY2021Q2 | crsp |
Accrued Intellectual Property Costs Current
AccruedIntellectualPropertyCostsCurrent
|
6941000 | |
CY2020Q4 | crsp |
Accrued Intellectual Property Costs Current
AccruedIntellectualPropertyCostsCurrent
|
3625000 | |
CY2021Q2 | crsp |
Accrued Property And Equipment
AccruedPropertyAndEquipment
|
7127000 | |
CY2020Q4 | crsp |
Accrued Property And Equipment
AccruedPropertyAndEquipment
|
2835000 | |
CY2021Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
450000 | |
CY2020Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
165000 | |
CY2021Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
67101000 | |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
53782000 | |
crsp |
Joint Venture Agreement Date
JointVentureAgreementDate
|
2015-12-19 | ||
CY2021Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
6784000 | |
CY2021Q2 | crsp |
Prepaid Expenses And Other Current Assets Fair Value Disclosure
PrepaidExpensesAndOtherCurrentAssetsFairValueDisclosure
|
2565000 | |
CY2021Q2 | us-gaap |
Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
|
9340000 | |
CY2021Q2 | crsp |
Operating Lease Assets Fair Value Disclosure
OperatingLeaseAssetsFairValueDisclosure
|
11003000 | |
CY2021Q2 | crsp |
Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
|
1226000 | |
CY2021Q2 | crsp |
Accrued Expenses And Other Current Liabilities Fair Value Disclosure
AccruedExpensesAndOtherCurrentLiabilitiesFairValueDisclosure
|
3915000 | |
CY2021Q2 | crsp |
Operating Lease Liabilities Fair Value Disclosure
OperatingLeaseLiabilitiesFairValueDisclosure
|
11003000 | |
CY2021Q2 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
16000000 | |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
145364335 | |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.03 | |
CY2021Q2 | crsp |
Common Stock Registered Share Capital
CommonStockRegisteredShareCapital
|
80321227 | |
CY2020Q4 | crsp |
Common Stock Registered Share Capital
CommonStockRegisteredShareCapital
|
75133951 | |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
145364335 | |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
115172786 | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
28331000 | |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
15697000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
50423000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
29848000 | ||
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
8101980 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
42.44 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1074458 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
135.81 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
686548 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
32.97 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
141351 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
54.14 | ||
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
8348539 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
55.03 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
4141831 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
34.08 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
8348539 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
55.03 | |
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
183600000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
759225000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-79656000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
646062000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-149387000 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75826594 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61420746 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75418160 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61134214 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
80449956 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61420746 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
80458855 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61134214 | ||
CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.30 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
10.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
8.57 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.44 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
9.44 | |
CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.30 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.03 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.44 | ||
CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2332647 | |
CY2020Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9134136 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1694486 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9134136 | ||
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4100000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4700000 | ||
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.005 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.007 | ||
CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
400000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
800000 | ||
CY2020Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.005 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.005 |