2020 Q4 Form 10-K Financial Statement

#000136764421000033 Filed on February 19, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $583.0M $1.555B $360.4M
YoY Change 61.76% 40.63% 33.14%
Cost Of Revenue $164.8M $524.0M $132.8M
YoY Change 24.1% 20.88% 30.32%
Gross Profit $418.2M $1.031B $77.80M
YoY Change 437.53% 53.37% 594.64%
Gross Profit Margin 71.73% 66.31% 21.59%
Selling, General & Admin $82.10M $303.3M $72.20M
YoY Change 13.71% 10.9% -10.53%
% of Gross Profit 19.63% 29.41% 92.8%
Research & Development $59.50M $234.5M $62.80M
YoY Change -5.25% 3.67% 20.77%
% of Gross Profit 14.23% 22.74% 80.72%
Depreciation & Amortization $28.90M $50.10M $27.90M
YoY Change 3.58% 1.21% 11.16%
% of Gross Profit 6.91% 4.86% 35.86%
Operating Expenses $156.6M $537.8M $149.8M
YoY Change 4.54% -45.78% -4.95%
Operating Profit $258.1M $433.8M $77.80M
YoY Change 231.75% 280.19% -153.14%
Interest Expense -$8.700M $31.30M -$9.100M
YoY Change -4.4% -18.49% -1.09%
% of Operating Profit -3.37% 7.22% -11.7%
Other Income/Expense, Net $3.400M -$26.60M $2.900M
YoY Change 17.24% -27.52% 81.25%
Pretax Income $252.8M $407.2M $71.50M
YoY Change 253.57% 426.1% 1942.86%
Income Tax $67.40M $102.1M $24.60M
% Of Pretax Income 26.66% 25.07% 34.41%
Net Earnings $185.4M $305.1M $46.90M
YoY Change 295.31% 459.82% -1479.41%
Net Earnings / Revenue 31.8% 19.62% 13.01%
Basic Earnings Per Share $3.51 $5.79 $0.91
Diluted Earnings Per Share $3.44 $5.67 $0.90
COMMON SHARES
Basic Shares Outstanding 53.00M shares 52.70M shares 51.62M shares
Diluted Shares Outstanding 53.80M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $621.3M $621.3M $167.8M
YoY Change 270.26% 270.26% 49.55%
Cash & Equivalents $621.3M $621.3M $167.8M
Short-Term Investments
Other Short-Term Assets -$4.400M -$4.400M $20.60M
YoY Change -121.36% -121.36% -35.02%
Inventory $307.0M $307.0M $222.5M
Prepaid Expenses
Receivables $230.9M $272.0M $270.7M
Other Receivables $0.00 $0.00 $4.600M
Total Short-Term Assets $1.196B $1.196B $686.2M
YoY Change 74.28% 74.28% 10.53%
LONG-TERM ASSETS
Property, Plant & Equipment $644.1M $675.1M $542.3M
YoY Change 18.77% 19.07% 6.29%
Goodwill $266.7M $266.6M
YoY Change 0.04% 2.66%
Intangibles $663.1M $712.9M
YoY Change -6.99% -6.39%
Long-Term Investments
YoY Change
Other Assets $113.4M $82.40M $90.30M
YoY Change 25.58% 25.61% 559.12%
Total Long-Term Assets $1.687B $1.687B $1.641B
YoY Change 2.82% 2.82% 2.02%
TOTAL ASSETS
Total Short-Term Assets $1.196B $1.196B $686.2M
Total Long-Term Assets $1.687B $1.687B $1.641B
Total Assets $2.883B $2.883B $2.327B
YoY Change 23.89% 23.89% 4.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.1M $136.1M $94.80M
YoY Change 43.57% 43.57% 17.47%
Accrued Expenses $46.90M $136.9M $39.50M
YoY Change 18.73% 29.76% 28.66%
Deferred Revenue $44.60M $3.300M
YoY Change 1251.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $33.80M $33.80M $12.90M
YoY Change 162.02% 162.02% 27.72%
Total Short-Term Liabilities $384.5M $384.5M $216.3M
YoY Change 77.76% 77.76% 7.93%
LONG-TERM LIABILITIES
Long-Term Debt $841.0M $841.0M $798.4M
YoY Change 5.34% 5.34% 1.77%
Other Long-Term Liabilities $67.80M $157.5M $48.60M
YoY Change 39.51% -1.69% -1.22%
Total Long-Term Liabilities $908.8M $998.5M $847.0M
YoY Change 7.3% 4.16% 1.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $384.5M $384.5M $216.3M
Total Long-Term Liabilities $908.8M $998.5M $847.0M
Total Liabilities $1.436B $1.436B $1.239B
YoY Change 15.93% 15.93% 1.67%
SHAREHOLDERS EQUITY
Retained Earnings $726.9M $421.8M
YoY Change 72.33% 14.84%
Common Stock $100.0K $100.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.60M $39.60M
YoY Change 0.0% 0.0%
Treasury Stock Shares 1.200M shares 1.200M shares
Shareholders Equity $1.447B $1.447B $1.089B
YoY Change
Total Liabilities & Shareholders Equity $2.883B $2.883B $2.327B
YoY Change 23.89% 23.89% 4.39%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $185.4M $305.1M $46.90M
YoY Change 295.31% 459.82% -1479.41%
Depreciation, Depletion And Amortization $28.90M $50.10M $27.90M
YoY Change 3.58% 1.21% 11.16%
Cash From Operating Activities $245.1M $536.0M $122.1M
YoY Change 100.74% 185.11% -173.64%
INVESTING ACTIVITIES
Capital Expenditures -$36.00M $141.0M -$36.10M
YoY Change -0.28% 62.26% 73.56%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$36.00M -$151.0M -$36.10M
YoY Change -0.28% 55.83% -95.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.300M $69.50M -57.90M
YoY Change -96.03% -293.59% -107.37%
NET CHANGE
Cash From Operating Activities 245.1M $536.0M 122.1M
Cash From Investing Activities -36.00M -$151.0M -36.10M
Cash From Financing Activities -2.300M $69.50M -57.90M
Net Change In Cash 206.8M $453.5M 28.10M
YoY Change 635.94% 715.65% -112.31%
FREE CASH FLOW
Cash From Operating Activities $245.1M $536.0M $122.1M
Capital Expenditures -$36.00M $141.0M -$36.10M
Free Cash Flow $281.1M $395.0M $158.2M
YoY Change 77.69% 290.7% -209.1%

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Nature of the business and organization <div style="margin-bottom:9pt"><span style="color:#0094ff;font-family:'Franklin Gothic Demi',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Organization and business</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emergent BioSolutions Inc. (the "Company" or "Emergent") is a global life sciences company focused on providing civilian and military populations with a portfolio of innovative preparedness and response products and solutions that address accidental, deliberate and naturally occurring public health threats ("PHTs," each a “PHT”).</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is focused on the following five distinct PHT categories: Chemical, Biological, Radiological, Nuclear and Explosives (CBRNE); emerging infectious diseases (EID); travel health; emerging health crises; acute/emergency care; and contract development and manufacturing (CDMO) services. The Company has a product portfolio of ten products (vaccines, therapeutics, and drug-device combination products) that contribute a substantial portion of our revenue. The Company has two product candidates that are procured under special circumstances by certain government agencies, although they are not approved by the U.S. Food and Drug Administration (FDA) or any health agency. The U.S. government (USG) is the Company's largest customer and provides the Company with substantial funding for the development of a number of its product candidates. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#0094ff;font-family:'Franklin Gothic Demi',sans-serif;font-size:10pt;font-weight:700;line-height:120%">The Company's product and services portfolio includes:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Vaccines</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">ACAM2000</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Smallpox (Vaccinia) Vaccine, Live), the only single-dose smallpox vaccine licensed by the FDA for active immunization against smallpox disease for persons determined to be at high risk for smallpox infection;</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">BioThrax</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Anthrax Vaccine adsorbed), the only vaccine licensed by the FDA, for the general use prophylaxis and post-exposure prophylaxis of anthrax disease;</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">Vaxchora® (Cholera Vaccine, Live, Oral), the only single-dose oral vaccine licensed by the FDA and the European Medicines Agency (EMA) for the prevention of cholera; and</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">Vivotif® (Typhoid Vaccine Live Oral Ty21a), the only oral vaccine licensed by the FDA for the prevention of typhoid fever.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Devices</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">NARCAN® (naloxone HCl) Nasal Spray, the first needle-free formulation of naloxone approved by the FDA and Health Canada, for the emergency treatment of known or suspected opioid overdose as manifested by respiratory and/or central nervous system depression; and</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">RSDL</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Reactive Skin Decontamination Lotion Kit), the only medical device cleared by the FDA to remove or neutralize the following chemical warfare agents from the skin: tabun, sarin, soman, cyclohexyl sarin, VR, VX, mustard gas and T-2 toxin.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Therapeutics</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">raxibacumab (Anthrax Monoclonal), a fully human monoclonal antibody therapeutic licensed by the FDA for the treatment and prophylaxis of inhalational anthrax;</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">Anthrasil</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Anthrax Immune Globulin Intravenous (Human)), the only polyclonal antibody therapeutic licensed by the FDA and Health Canada for the treatment of inhalational anthrax;</span></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">BAT® (Botulism Antitoxin Heptavalent (A,B,C,D,E,F,G)-(Equine)), the only heptavalent antibody therapeutic licensed by the FDA and Health Canada for the treatment of botulism; and; </span></div><div style="margin-bottom:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:15.08pt">VIGIV (Vaccinia Immune Globulin Intravenous (Human)), the only polyclonal antibody therapeutic licensed by the FDA and Health Canada to address certain complications from smallpox vaccination.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Procured Product Candidates</span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12pt">AV7909</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">® </span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Anthrax Vaccine adsorbed with Adjuvant), is a procured product candidate being developed as a next generation anthrax vaccine for post-exposure prophylaxis of disease resulting from suspected or confirmed Bacillus anthracis exposure. The USG has started procuring AV7909 for the Strategic National </span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stockpile ("SNS") prior to its approval by the FDA and has been reducing its purchases of BioThrax as a result; and </span></div><div style="margin-bottom:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12pt">Trobigard® is a combination drug-device auto-injector procured product candidate that contains atropine sulfate and obidoxime chloride. It has not been approved by the FDA or any similar health regulatory body, but it is procured by certain authorized government buyers under special circumstances for potential use as a nerve agent countermeasure. </span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">CDMO Services</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's CDMO service offerings cover development services, drug substance manufacturing and drug product manufacturing across the pharmaceutical and biotechnology industries as well as the USG and non-governmental organizations. The Company's technology platforms include mammalian, microbial, viral, plasma and advanced therapies utilizing the Company's core capabilities for manufacturing to third parties on a clinical and commercial (small and large) scale. Additional services include fill/finish formulation and analytical development services for injectable and other sterile products, inclusive of process design, technical transfer, manufacturing validations, aseptic filling, lyophilization, final packaging and stability studies, as well as manufacturing of vial and pre-filled syringe formats on multiple platforms. </span></div><div style="margin-bottom:9pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates as one operating segment.</span></div>
CY2020 ebs Number Of Categories Of Public Health Threats
NumberOfCategoriesOfPublicHealthThreats
5 category
CY2020 ebs Number Of Revenue Generating Products
NumberOfRevenueGeneratingProducts
10 product
CY2020 ebs Number Of Product Candidates
NumberOfProductCandidates
2 productCandidate
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><span style="color:#0094ff;font-family:'Franklin Gothic Demi',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires management to make estimates, judgments and assumptions that affect reported amounts and disclosures for asset impairments, revenue recognition, allowances for doubtful accounts, inventory, depreciation and amortization, business combinations, contingent consideration, stock-based compensation, income taxes, and other contingencies. Management continually re-evaluates its estimates, judgments and assumptions. These estimates are sometimes complex, sensitive to changes in assumptions and require fair value determinations using Level 3 fair value measurements. Actual results may differ materially from those estimates.</span></div>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt"><span style="color:#0094ff;font-family:'Franklin Gothic Demi',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration Risk</span></div><div style="margin-bottom:9pt;padding-left:18pt"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Customers</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company has long-term contracts with the USG that expire at various times from 2020 through 2029. The Company has derived a significant portion of its revenue from sales of ACAM2000 and Anthrax Vaccines under contracts with the USG. The Company's current USG contracts do not necessarily increase the likelihood that it will secure future comparable contracts with the USG. The Company expects that a significant portion of the business will continue to be under government contracts that present a number of risks that are not typically present in the commercial contracting process. USG contracts for ACAM2000 and Anthrax Vaccines are subject to unilateral termination or modification by the government. The Company may fail to achieve significant sales of ACAM2000 and Anthrax Vaccines to customers in addition to the USG, which would harm its growth opportunities. The Company's other product sales are largely sold commercially through physician-directed or standing order prescriptions at retail pharmacies, as well as to state health departments, local law enforcement agencies, community-based organizations, substance abuse centers and other federal agencies. </span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Although the Company seeks expand its customer base and to renew its agreements with its customers prior to expiration of a contract, a delay in securing a renewal or a failure to secure a renewal or securing a renewal on less favorable terms may have a material adverse effect on the Company’s financial condition and results of operations.</span></div><div><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company’s accounts receivables do not represent a significant concentration of credit risk. The USG accounted for approximately 64%, 61% and 76% of total revenues for 2020, 2019 and 2018, respectively. The Company’s accounts receivable as of December 31, 2020 and 2019, consist primarily of amounts due from the USG or other large multi-national highly reputable customers for product sales, CDMO services or from government agencies under government grants. Management does not deem credit risk to be significant.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:18pt"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Financial Institutions</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents are maintained with several financial institutions. The Company has deposits held with banks that exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal credit risk.</span></div><div style="margin-bottom:9pt;padding-left:18pt"><span style="color:#0094ff;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Lender Counterparties</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Franklin Gothic Book',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is lender counterparty risk associated with the Company's revolving credit facility and derivatives instruments. There is risk that the Company’s revolving credit facility investors and derivative counterparties will not be available to fund as obligated. If funding under the revolving credit facility is unavailable, the Company may have to acquire a replacement credit facility from different counterparties at a higher cost or may be unable to find a suitable replacement. The Company seeks to manage risks from its revolving credit facility and derivative instruments by contracting with experienced large financial institutions and monitoring the credit quality of its lenders. As of December 31, 2020, the Company did not anticipate nonperformance by any of its counterparties.</span></div>
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 ebs Number Of Stockbased Employee Compensation Plans
NumberOfStockbasedEmployeeCompensationPlans
1 plan
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1555400000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1106000000.0 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
782400000 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
73100000 USD
CY2019 ebs Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
46700000 USD
CY2019 ebs Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
30900000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
88900000 USD
CY2020 ebs Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
146200000 USD
CY2020 ebs Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
135000000.0 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
100100000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
44600000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3300000 USD
CY2020Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P2Y3M18D
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
30500000 USD
CY2018 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
0 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
0 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1900000000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P24M
CY2020Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
41100000 USD
CY2019Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
34000000.0 USD
CY2020Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
172700000 USD
CY2019Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
227300000 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
58200000 USD
CY2019Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
43400000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
230900000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
270700000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3100000 USD
CY2020 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
0 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
60000000.0 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
24800000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
1500000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
57100000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
29200000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
31700000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
2800000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
58100000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
23900000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
3200000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
160600000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
70500000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
102500000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
89700000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
43900000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
62300000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
307000000.0 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
222500000 USD
CY2020 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
17300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
903200000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
752700000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
259100000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
210400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
644100000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
542300000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
50100000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49500000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
832100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
169000000.0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
663100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
822100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
109200000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
712900000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
59800000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58700000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25000000.0 USD
CY2020 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y8M12D
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
55800000 USD
CY2020Q4 ebs Finite Lived Intangible Assets Amortization Expense Year Five And After
FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndAfter
437000000.0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
58600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
55900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
55800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
663100000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
266600000 USD
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6900000 USD
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100000 USD
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CY2019Q4 us-gaap Goodwill Gross
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266600000 USD
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12900000 USD
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10700000 USD
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11200000 USD
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841000000.0 USD
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1800000 USD
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P12M
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35900000 USD
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33800000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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363600000 USD
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200000 USD
CY2020Q4 ebs Long Term Debt Maturities Repayments Of Principal In Year Five And Thereafter
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452000000.0 USD
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P4Y3M18D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y3M18D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M24D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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21.69
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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21.13
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18.48
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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38200000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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5300000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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24400000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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54400000 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y7M6D
CY2020 us-gaap Allocated Share Based Compensation Expense
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51000000.0 USD
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26700000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
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23200000 USD
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CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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27700000 USD
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11600000 USD
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104500000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
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24000000.0 USD
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1900000 USD
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2020Q4 ebs Deferred Tax Assets Tax Credit Carryforwards Scientific Research And Experimental Development
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11000000.0 USD
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50400000 USD
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54500000 USD
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13500000 USD
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4700000 USD
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5400000 USD
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1300000 USD
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1100000 USD
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5400000 USD
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3600000 USD
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400000 USD
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1500000 USD
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400000 USD
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1800000 USD
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9200000 USD
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20600000 USD
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18200000 USD
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1400000 USD
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1000000.0 USD
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800000 USD
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CY2020 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
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1700000 USD
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4500000 USD
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2200000 USD
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300000 USD
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27600000 USD
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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20600000 USD
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
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35200000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
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28600000 USD
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1900000 USD
CY2019 us-gaap Defined Benefit Plan Service Cost
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DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
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DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
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DefinedBenefitPlanActuarialGainLoss
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DefinedBenefitPlanBenefitObligationBenefitsPaid
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DefinedBenefitPlanBenefitObligationBenefitsPaid
1700000 USD
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DefinedBenefitPlanPlanAmendments
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DefinedBenefitPlanSettlementsBenefitObligation
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DefinedBenefitPlanSettlementsBenefitObligation
3000000.0 USD
CY2020 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
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DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
400000 USD
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DefinedBenefitPlanBenefitObligation
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DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
31000000.0 USD
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DefinedBenefitPlanServiceCost
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DefinedBenefitPlanServiceCost
300000 USD
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DefinedBenefitPlanInterestCost
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DefinedBenefitPlanExpectedReturnOnPlanAssets
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DefinedBenefitPlanExpectedReturnOnPlanAssets
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DefinedBenefitPlanExpectedReturnOnPlanAssets
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DefinedBenefitPlanNetPeriodicBenefitCost
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CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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0.030
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CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
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DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
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DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
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DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
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CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1900000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1300000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
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DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
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DefinedBenefitPlanExpectedFutureBenefitPayment
49200000 USD
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DefinedContributionPlanEmployerDiscretionaryContributionAmount
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CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
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CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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P5Y
CY2020 ebs Lessee Operating Lease Termination Period
LesseeOperatingLeaseTerminationPeriod
P1Y
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CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2700000 USD
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FinanceLeaseInterestExpense
1100000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
600000 USD
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5600000 USD
CY2019 us-gaap Lease Cost
LeaseCost
3300000 USD
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33200000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25700000 USD
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OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y
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0.041
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0.042
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NetIncomeLoss
305100000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
54500000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
62700000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52700000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51500000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50100000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1300000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53800000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52400000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51400000 shares
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EarningsPerShareBasic
5.79
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
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1.25
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EarningsPerShareDiluted
5.67
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
900000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q4 us-gaap Purchase Obligation
PurchaseObligation
84700000 USD
CY2020 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P3Y
CY2020 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
108000000.0 USD
CY2019 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
51300000 USD
CY2018 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
12100000 USD
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1 segment
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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192500000 USD
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394700000 USD
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385200000 USD
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583000000.0 USD
CY2020Q1 us-gaap Operating Income Loss
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-11600000 USD
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OperatingIncomeLoss
126000000.0 USD
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OperatingIncomeLoss
61300000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
258100000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
92700000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
185400000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
39500000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.76
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EarningsPerShareBasic
0.75
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EarningsPerShareBasic
3.51
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EarningsPerShareDiluted
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CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.44
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
190600000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
243200000 USD
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311800000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
360400000 USD
CY2019Q1 us-gaap Operating Income Loss
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CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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OperatingIncomeLoss
70700000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2019Q1 us-gaap Net Income Loss
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CY2019Q2 us-gaap Net Income Loss
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q4 us-gaap Net Income Loss
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CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2019Q1 us-gaap Earnings Per Share Diluted
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EarningsPerShareDiluted
0.83
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EarningsPerShareDiluted
0.90

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