2021 Q4 Form 10-K Financial Statement

#000141057822000232 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $56.44M $56.69M $222.6M
YoY Change 16.71% 407.46% 182.87%
Cost Of Revenue $33.33M $33.18M $126.0M
YoY Change 17.06% 548.43% 197.51%
Gross Profit $23.11M $23.51M $96.58M
YoY Change 16.18% 288.32% 165.8%
Gross Profit Margin 40.95% 41.47% 43.38%
Selling, General & Admin $27.59M $23.90M $97.56M
YoY Change 5.09% 65.11% 71.58%
% of Gross Profit 119.35% 101.65% 101.02%
Research & Development $3.890M $4.188M $16.84M
YoY Change 11.46% 81.14% 77.59%
% of Gross Profit 16.83% 17.81% 17.44%
Depreciation & Amortization $5.303M $5.157M $20.25M
YoY Change -28.05% 521.33% 105.16%
% of Gross Profit 22.94% 21.93% 20.96%
Operating Expenses $31.48M $28.09M $114.4M
YoY Change 5.84% 67.32% 72.44%
Operating Profit -$8.362M -$4.576M -$17.83M
YoY Change -15.08% -57.36% -40.59%
Interest Expense $509.0K $1.189M $4.689M
YoY Change -259.06% -37.06% 83.16%
% of Operating Profit
Other Income/Expense, Net -$1.354M -$926.0K -$256.0M
YoY Change -7.89% 29.69% 9284.64%
Pretax Income -$261.0M -$5.502M -$273.8M
YoY Change 2143.87% -51.94% 736.47%
Income Tax -$876.0K $1.024M $1.686M
% Of Pretax Income
Net Earnings -$260.1M -$6.526M -$275.5M
YoY Change 2155.73% -42.84% 742.77%
Net Earnings / Revenue -460.82% -11.51% -123.77%
Basic Earnings Per Share -$5.46 -$0.18 -$6.18
Diluted Earnings Per Share -$5.413M -$0.17 -$6.19
COMMON SHARES
Basic Shares Outstanding 46.30M 46.14M 45.93M
Diluted Shares Outstanding 46.14M 45.93M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $628.8M $349.5M $628.8M
YoY Change 573.95% 72.24% 573.95%
Cash & Equivalents $139.1M $43.68M $111.3M
Short-Term Investments $601.0M $305.8M $601.0M
Other Short-Term Assets $8.804M $8.958M $8.804M
YoY Change -26.02% 539.86% -26.02%
Inventory $16.50M $13.48M $16.50M
Prepaid Expenses
Receivables $39.41M $38.46M $39.41M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $693.5M $410.4M $693.5M
YoY Change 371.28% 92.99% 371.14%
LONG-TERM ASSETS
Property, Plant & Equipment $49.03M $42.85M $69.70M
YoY Change 63.23% 182.32% 58.06%
Goodwill $147.0M $146.4M
YoY Change 1.15% 1230.65%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $419.0K $158.0K $1.369M
YoY Change -47.23% -68.4% -31.55%
Total Long-Term Assets $419.5M $414.0M $419.5M
YoY Change 3.51% 942.32% 3.52%
TOTAL ASSETS
Total Short-Term Assets $693.5M $410.4M $693.5M
Total Long-Term Assets $419.5M $414.0M $419.5M
Total Assets $1.113B $824.4M $1.113B
YoY Change 101.48% 226.67% 101.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.58M $29.24M $28.58M
YoY Change 15.25% 201.39% 15.25%
Accrued Expenses $13.45M $11.47M $13.45M
YoY Change 38.7% 258.41% 38.7%
Deferred Revenue $547.0K $308.0K
YoY Change 22.92% 29.97%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $61.00K $61.00K $61.00K
YoY Change -39.0% -39.0% -39.0%
Total Short-Term Liabilities $42.65M $41.07M $42.65M
YoY Change 21.77% 211.5% 21.84%
LONG-TERM LIABILITIES
Long-Term Debt $405.3M $116.5M $405.3M
YoY Change 248.2% 4.67% 248.2%
Other Long-Term Liabilities $349.0K $148.0K $19.17M
YoY Change 98.3% -98.1% 54.6%
Total Long-Term Liabilities $349.0K $148.0K $424.5M
YoY Change 98.3% -99.88% 229.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.65M $41.07M $42.65M
Total Long-Term Liabilities $349.0K $148.0K $424.5M
Total Liabilities $471.1M $177.2M $471.1M
YoY Change 177.62% 33.88% 177.63%
SHAREHOLDERS EQUITY
Retained Earnings -$467.5M -$207.5M
YoY Change 143.49% 14.94%
Common Stock $1.100B $846.2M
YoY Change 94.24% 181.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $641.8M $647.2M $641.8M
YoY Change
Total Liabilities & Shareholders Equity $1.113B $824.4M $1.113B
YoY Change 101.48% 226.67% 101.48%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income -$260.1M -$6.526M -$275.5M
YoY Change 2155.73% -42.84% 742.77%
Depreciation, Depletion And Amortization $5.303M $5.157M $20.25M
YoY Change -28.05% 521.33% 105.16%
Cash From Operating Activities $2.614M $8.876M $8.126M
YoY Change -126.89% -283.39% -154.66%
INVESTING ACTIVITIES
Capital Expenditures -$8.544M -$9.200M $23.88M
YoY Change 92.87% 251.15% 167.8%
Acquisitions $5.540M
YoY Change -98.47%
Other Investing Activities -$187.4M -$17.81M -$444.2M
YoY Change -50.5% -114.48% 19.22%
Cash From Investing Activities -$196.0M -$27.01M -$469.3M
YoY Change -48.84% -122.44% 22.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 288.6M 2.491M 564.3M
YoY Change 8.3% 15.86% 46.36%
NET CHANGE
Cash From Operating Activities 2.614M 8.876M 8.126M
Cash From Investing Activities -196.0M -27.01M -469.3M
Cash From Financing Activities 288.6M 2.491M 564.3M
Net Change In Cash 95.22M -15.64M 102.2M
YoY Change -175.37% -113.29% -1086.57%
FREE CASH FLOW
Cash From Operating Activities $2.614M $8.876M $8.126M
Capital Expenditures -$8.544M -$9.200M $23.88M
Free Cash Flow $11.16M $18.08M -$15.76M
YoY Change -310.93% -914.23% -33.75%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:0pt;margin:0pt;"><b style="font-weight:bold;">Cryoport, Inc. and Subsidiaries</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Notes to Consolidated Financial Statements</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Note 1. Nature of the Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Cryoport serves the life sciences industry as a provider of integrated temperature-controlled supply-chain solutions supporting the biopharma/pharma, animal health, and reproductive medicine markets. Our mission is to support life and health worldwide and we are continuously developing, implementing, and leveraging our supply chain platform, which is designed to deliver comprehensive, unparalleled, highly differentiated temperature-controlled logistics, packaging, storage, cryogenic systems, informatics, and related services for life science products, regenerative medicine, cellular therapies, and treatments that require unique, specialized cold chain management.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On October 1, 2020, the Company completed both the MVE Acquisition and the CRYOPDP Acquisition. In addition, in the second quarter of 2021, the Company completed the acquisitions of Critical Transport Solutions Australia (CTSA) in Australia and F-airGate in Belgium to further enhance CRYOPDP’s existing global temperature-controlled supply chain capabilities in the APAC and EMEA regions. These acquisitions are further discussed in Note 3.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The Company is a Nevada corporation and its common stock is traded on the NASDAQ Capital Market exchange under the ticker symbol “CYRX.”</p>
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CY2021 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from estimated amounts. The Company’s significant estimates include the allowance for doubtful accounts, fair value of short-term investments, valuations and purchase price allocations related to business combinations, expected future cash flows including growth rates, discount rates, terminal values and other assumptions and estimates used to evaluate the recoverability of long-lived assets, estimated fair values of intangible assets and goodwill, intangible asset useful lives and amortization methods, allowance for inventory obsolescence, equity-based instruments, tax reserves and recoverability of the Company’s net deferred tax assets and related valuation allowance.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Future events, including the extent and the duration of the COVID-19 related economic impacts, and their effects cannot be predicted with certainty, and, accordingly the Company’s accounting estimates require the exercise of judgment.</p>
CY2021 us-gaap Revenue Practical Expedient Initial Application And Transition Nondisclosure Of Transaction Price Allocation To Remaining Performance Obligation
RevenuePracticalExpedientInitialApplicationAndTransitionNondisclosureOfTransactionPriceAllocationToRemainingPerformanceObligation
true
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
500000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
200000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
500000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
400000
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentrations of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash, cash equivalents and short-term investments. From time to time, we maintain cash, cash equivalent and short-term investment balances in excess of amounts insured by the Federal Deposit Insurance Corporation (“FDIC”) and the Securities Investor Protection Corporation (“SIPC”). Primarily all of our cash, cash equivalents and short-term investments at December 31, 2021 were in excess of amounts insured by the FDIC and SIPC. The Company performs ongoing evaluations of these institutions to limit its concentration risk exposure. We manage such risks in our portfolio by investing in highly liquid, highly rated instruments, and limit investing in long-term maturity instruments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Our investment policy requires that purchased instruments in marketable securities may only be in highly rated instruments, which are primarily U.S. Treasury bills or treasury-backed securities, and also limits our investment in securities of any single issuer.</p>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1200000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1100000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2020 us-gaap Revenues
Revenues
78696000
CY2019 us-gaap Revenues
Revenues
33942000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
300000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000
CY2021 us-gaap Revenues
Revenues
222608000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-275528000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-32693000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-18332000
CY2020 cyrx Deemed Dividend On Series C Convertible Preferred Stock Value
DeemedDividendOnSeriesCConvertiblePreferredStockValue
39492000
CY2021 cyrx Paid In Kind Dividend On Series C Convertible Preferred Stock Value
PaidInKindDividendOnSeriesCConvertiblePreferredStockValue
8196000
CY2020 cyrx Paid In Kind Dividend On Series C Convertible Preferred Stock Value
PaidInKindDividendOnSeriesCConvertiblePreferredStockValue
2844000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-283724000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-75029000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18332000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45927591
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38582432
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33394285
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.18
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.94
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
11820000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139101000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36873000
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
489698000
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
56444000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15290040
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17205023
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4390017
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2600000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5200000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Reclassification</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Prior year amounts in sales and marketing expense have been reclassified to selling, general and administrative expense to conform to the current period presentation. These reclassifications had no effect on the previously reported net loss.</p>
CY2021 cyrx Business Combination Prior Period Adjustment Deferred Tax
BusinessCombinationPriorPeriodAdjustmentDeferredTax
800000
CY2021Q4 us-gaap Cash
Cash
27788000
CY2020Q4 us-gaap Cash
Cash
25053000
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
111313000
CY2020Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
93317000
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
383547000
CY2021Q4 cyrx Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax1
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax1
12000
CY2021 us-gaap Debt And Equity Securities Realized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairment
80000.00
CY2020 us-gaap Debt And Equity Securities Realized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairment
30000.00
CY2019 us-gaap Debt And Equity Securities Realized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairment
80000.00
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
110000000.0
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
33100000
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
628799000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
39081000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
39035000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
344466000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
340657000
CY2021Q4 cyrx Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax1
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax1
3867000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
379692000
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
383547000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
379692000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
23179000
CY2020Q4 cyrx Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax1
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax1
173000
CY2020Q4 cyrx Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax1
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax1
43000
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
23309000
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-1386000
CY2020 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-245000
CY2019 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-102000
CY2020 cyrx Equity Securities Realized Gain Loss Sold
EquitySecuritiesRealizedGainLossSold
1090000
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1386000
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
845000
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-102000
CY2021 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2
CY2021Q4 cyrx Business Combination Contingent Consideration Liability Fair Value Disclosure
BusinessCombinationContingentConsiderationLiabilityFairValueDisclosure
700000
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
2204000
CY2020Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
2727000
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2384000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
11846000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7544000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
670000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
227000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3985000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2764000
CY2021Q4 us-gaap Inventory Net
InventoryNet
16501000
CY2020Q4 us-gaap Inventory Net
InventoryNet
10535000
CY2020Q4 cyrx Inventory Related To Acquisition
InventoryRelatedToAcquisition
800000
CY2021Q4 cyrx Cryogenic Shippers And Data Loggers
CryogenicShippersAndDataLoggers
9343000
CY2020Q4 cyrx Cryogenic Shippers And Data Loggers
CryogenicShippersAndDataLoggers
7442000
CY2021Q4 cyrx Freezers Gross
FreezersGross
5341000
CY2020Q4 cyrx Freezers Gross
FreezersGross
3723000
CY2020Q4 cyrx Leases Equipment Under Finance Leases Amount
LeasesEquipmentUnderFinanceLeasesAmount
300000
CY2019Q4 cyrx Leases Equipment Under Finance Leases Amount
LeasesEquipmentUnderFinanceLeasesAmount
100000
CY2020Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
4599000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
100000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
100000
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1469000
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
12405000
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
10931000
CY2021Q4 cyrx Trucks And Autos Gross
TrucksAndAutosGross
497000
CY2020Q4 cyrx Trucks And Autos Gross
TrucksAndAutosGross
437000
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
21657000
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
5808000
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
5359000
CY2021Q4 us-gaap Land
Land
806000
CY2020Q4 us-gaap Land
Land
790000
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
8583000
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
8070000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
69028000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45547000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19999000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15511000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49029000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30036000
CY2021 us-gaap Depreciation
Depreciation
5800000
CY2020 us-gaap Depreciation
Depreciation
3200000
CY2019 us-gaap Depreciation
Depreciation
2100000
CY2021Q4 cyrx Leases Equipment Under Finance Leases Amount
LeasesEquipmentUnderFinanceLeasesAmount
300000
CY2020Q4 us-gaap Goodwill
Goodwill
145282000
CY2019Q4 us-gaap Goodwill
Goodwill
11000000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-419000
CY2021Q4 us-gaap Goodwill
Goodwill
146954000
CY2020Q4 us-gaap Goodwill
Goodwill
145282000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
224839000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23412000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
201427000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
221642000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
57000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2299000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
61000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2033000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1757000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3349000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7734000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
213908000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14400000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6600000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14969000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14969000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14340000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12266000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12118000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
88331000
CY2021Q4 cyrx Future Amortization Of Finite Lived Intangible Assets
FutureAmortizationOfFiniteLivedIntangibleAssets
156993000
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
8003000
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6048000
CY2021Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
1909000
CY2020Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
1393000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9912000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7441000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
14035000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25795000
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
118000
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1005000
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2108000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3419000
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
6000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
21686000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
112000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3542000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
61000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18144000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
51000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
21686000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
112000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12673000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3656000
CY2021Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
404171000
CY2020Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
111344000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
437000
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
4424000
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
2545000
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000
CY2021Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
117.59
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000
CY2021Q4 us-gaap Long Term Debt Term
LongTermDebtTerm
P5Y
CY2021 cyrx Lessee Option To Extend
LesseeOptionToExtend
P5Y
CY2021Q4 cyrx Leases Equipment Under Finance Leases Amount
LeasesEquipmentUnderFinanceLeasesAmount
300000
CY2020Q4 cyrx Leases Equipment Under Finance Leases Amount
LeasesEquipmentUnderFinanceLeasesAmount
300000
CY2021 cyrx Finance Lease Rightofuse Asset Accumulated Depreciation
FinanceLeaseRightofuseAssetAccumulatedDepreciation
100000
CY2020 cyrx Finance Lease Rightofuse Asset Accumulated Depreciation
FinanceLeaseRightofuseAssetAccumulatedDepreciation
100000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4109000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4556000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1835000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
758000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
61000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
56000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
10000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
10000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000
CY2021 cyrx Finance Lease Cost
FinanceLeaseCost
69000
CY2020 cyrx Finance Lease Cost
FinanceLeaseCost
66000
CY2019 cyrx Finance Lease Cost
FinanceLeaseCost
13000
CY2021 us-gaap Lease Cost
LeaseCost
4625000
CY2020 us-gaap Lease Cost
LeaseCost
1901000
CY2019 us-gaap Lease Cost
LeaseCost
771000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
3993000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1680000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
760000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
65000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
77000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
58000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
67000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
23000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10175000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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