2020 Q4 Form 10-K Financial Statement

#000173910421000004 Filed on March 01, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2018 Q4
Revenue $1.140B $787.0M $799.3M
YoY Change 44.82% -1.54% 5.97%
Cost Of Revenue $596.2M $410.1M $412.5M
YoY Change 45.38% -0.58% 1.85%
Gross Profit $543.5M $376.9M $386.8M
YoY Change 44.2% -2.56% 10.74%
Gross Profit Margin 47.69% 47.89% 48.39%
Selling, General & Admin $374.1M $185.9M $185.1M
YoY Change 101.24% 0.43% -5.9%
% of Gross Profit 68.83% 49.32% 47.85%
Research & Development $112.7M $67.30M $61.10M
YoY Change 67.46% 10.15% -1.29%
% of Gross Profit 20.74% 17.86% 15.8%
Depreciation & Amortization $222.2M $83.40M $73.70M
YoY Change 166.43% 13.16% -15.38%
% of Gross Profit 40.88% 22.13% 19.05%
Operating Expenses $486.8M $253.2M $246.2M
YoY Change 92.26% 2.84% -4.87%
Operating Profit $56.70M $123.7M $140.6M
YoY Change -54.16% -12.02% 55.36%
Interest Expense $60.40M $18.70M $21.00M
YoY Change 222.99% -10.95%
% of Operating Profit 106.53% 15.12% 14.94%
Other Income/Expense, Net $16.60M -$6.300M -$25.70M
YoY Change -363.49% -75.49% 12750.0%
Pretax Income -$318.1M -$4.300M -$2.200M
YoY Change 7297.67% 95.45% -98.58%
Income Tax $4.700M $5.200M -$18.60M
% Of Pretax Income
Net Earnings -$322.8M -$9.500M $16.40M
YoY Change 3297.89% -157.93% -110.15%
Net Earnings / Revenue -28.32% -1.21% 2.05%
Basic Earnings Per Share
Diluted Earnings Per Share -$664.1K -$25.48K $44.86K
COMMON SHARES
Basic Shares Outstanding 471.9M shares 373.0M shares 365.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $495.0M $334.0M $475.0M
YoY Change 48.2% -29.68% 47.06%
Cash & Equivalents $495.0M $334.0M $474.8M
Short-Term Investments
Other Short-Term Assets $267.0M $98.00M $317.0M
YoY Change 172.45% -69.09% 133.09%
Inventory $1.578B $1.051B $1.004B
Prepaid Expenses
Receivables $872.0M $816.9M $651.8M
Other Receivables $205.0M $73.00M $57.60M
Total Short-Term Assets $3.417B $2.373B $2.505B
YoY Change 43.99% -5.26% 17.95%
LONG-TERM ASSETS
Property, Plant & Equipment $1.316B $955.3M $922.4M
YoY Change 37.76% 3.57% 0.23%
Goodwill $6.225B $2.990B $3.000B
YoY Change 108.22% -0.35% 1.04%
Intangibles $6.387B $2.483B $2.505B
YoY Change 157.25% -0.88% -6.29%
Long-Term Investments $24.00M $18.80M $15.30M
YoY Change 27.66% 22.88% 27.5%
Other Assets $348.0M $185.0M $66.60M
YoY Change 88.11% 177.78% -72.48%
Total Long-Term Assets $14.28B $6.613B $6.452B
YoY Change 115.89% 2.49% -5.35%
TOTAL ASSETS
Total Short-Term Assets $3.417B $2.373B $2.505B
Total Long-Term Assets $14.28B $6.613B $6.452B
Total Assets $17.69B $8.986B $8.957B
YoY Change 96.9% 0.32% 0.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $501.0M $222.6M $205.2M
YoY Change 125.07% 8.48% 0.69%
Accrued Expenses $181.0M $123.0M $99.00M
YoY Change 47.15% 24.24% 11.24%
Deferred Revenue $295.0M $211.0M $169.9M
YoY Change 39.81% 24.19% 2.66%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $555.0M $24.50M $29.00M
YoY Change 2165.31% -15.52%
Total Short-Term Liabilities $2.077B $818.5M $970.7M
YoY Change 153.76% -15.68% 50.94%
LONG-TERM LIABILITIES
Long-Term Debt $5.572B $2.331B $2.443B
YoY Change 139.09% -4.62%
Other Long-Term Liabilities $322.0M $106.6M $121.5M
YoY Change 202.06% -12.26% -3.57%
Total Long-Term Liabilities $5.894B $2.437B $2.565B
YoY Change 141.84% -4.98% 1935.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.077B $818.5M $970.7M
Total Long-Term Liabilities $5.894B $2.437B $2.565B
Total Liabilities $9.217B $3.439B $3.759B
YoY Change 168.02% -8.52% 224.07%
SHAREHOLDERS EQUITY
Retained Earnings -$477.0M $84.30M $16.40M
YoY Change -665.84% 414.02%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.476B $5.547B $5.197B
YoY Change
Total Liabilities & Shareholders Equity $17.69B $8.986B $8.957B
YoY Change 96.9% 0.32% 0.18%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income -$322.8M -$9.500M $16.40M
YoY Change 3297.89% -157.93% -110.15%
Depreciation, Depletion And Amortization $222.2M $83.40M $73.70M
YoY Change 166.43% 13.16% -15.38%
Cash From Operating Activities -$92.90M $126.3M $139.5M
YoY Change -173.56% -9.46% 1982.09%
INVESTING ACTIVITIES
Capital Expenditures -$146.9M -$111.4M -$60.20M
YoY Change 31.87% 85.05% -10.01%
Acquisitions
YoY Change
Other Investing Activities $73.60M $37.10M $12.10M
YoY Change 98.38% 206.61% -61.46%
Cash From Investing Activities -$73.30M -$74.30M -$48.10M
YoY Change -1.35% 54.47% 35.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.30M -6.200M -362.4M
YoY Change 195.16% -98.29% -9160.0%
NET CHANGE
Cash From Operating Activities -92.90M 126.3M 139.5M
Cash From Investing Activities -73.30M -74.30M -48.10M
Cash From Financing Activities -18.30M -6.200M -362.4M
Net Change In Cash -184.5M 45.80M -271.0M
YoY Change -502.84% -116.9% 992.74%
FREE CASH FLOW
Cash From Operating Activities -$92.90M $126.3M $139.5M
Capital Expenditures -$146.9M -$111.4M -$60.20M
Free Cash Flow $54.00M $237.7M $199.7M
YoY Change -77.28% 19.03% 171.33%

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Basis of Presentation <div style="margin-bottom:12pt;text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have prepared the accompanying consolidated and combined financial statements in accordance with accounting principles generally accepted in the United States (GAAP). In our opinion, the financial statements reflect all adjustments (including those that are normal and recurring) that are necessary for fair presentation of the results of operations for the periods shown. The accounts of all wholly-owned and majority-owned subsidiaries are included in the consolidated and combined financial statements, and all intercompany balances and transactions have been eliminated. </span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing financial statements in conformity with GAAP, we must make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, and related disclosures at the date of the financial statements and during the reporting period. Actual results could differ from those estimates. We issued our financial statements by filing with the Securities and Exchange Commission and have evaluated subsequent events up to the time of the filing. </span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the periods after Separation, the financial statements are prepared on a consolidated basis and reflect the results of operations, comprehensive income, financial position, equity and cash flows resulting from our operations as an independent company. For periods prior to Separation, our financial statements are combined, have been prepared on a standalone basis, and are derived from Lilly's consolidated financial statements and accounting records. The consolidated and combined financial statements reflect the financial position, results of operations and cash flows related to the animal health businesses that were transferred to Elanco Parent and are prepared in conformity with GAAP. </span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The combined financial statements include the attribution of certain assets and liabilities that historically have been held at the Lilly corporate level but which are specifically identifiable or attributable to the businesses that have been transferred to Elanco Parent. All intercompany transactions and accounts within Elanco have been eliminated. All transactions between us and Lilly are considered to be effectively settled in the combined financial statements at the time the intercompany transaction is recorded. The total net effect of the settlement of these intercompany transactions is reflected in the combined statements of cash flows as a financing activity and in the consolidated and combined statement of equity as net parent company investment.</span></div><div style="text-align:justify;text-indent:9pt"><span><br/></span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to Separation, these combined financial statements include an allocation of expenses related to certain Lilly corporate functions, including executive oversight, treasury, legal, finance, human resources, tax, internal audit, financial reporting, information technology and investor relations, prior to IPO. These expenses were allocated to us based on direct usage or benefit where specifically identifiable, with the remainder allocated primarily on a pro rata basis of revenue, headcount and other measures. We consider the expenses methodology and results to be reasonable; however, the allocations may not be indicative of the actual expense that would have been incurred had we operated as an independent, publicly traded company for the periods presented. It is impractical to estimate what the standalone costs of Elanco would have been in the historical periods. After the Separation, a TSA between Lilly and Elanco went into effect. Under the terms of the TSA, we will be able to use these Lilly services for a fixed term established on a service-by-service basis. We are paying Lilly mutually agreed upon fees for the Lilly services provided under the TSA. Our consolidated and combined financial statements reflect the charges for Lilly services after the IPO. See Note 21: Related Party Agreements and Transactions for additional details.</span></div><div style="text-indent:9pt"><span><br/></span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to Separation, Lilly maintained various benefit and combined stock-based compensation plans at a corporate level and other benefit plans at a country level. Our employees participated in such programs and the portion of the cost of those plans related to our employees is included in our financial statements. However, the consolidated balance sheets do not include any equity issued related to stock-based compensation plans or any net benefit plan obligations unless the benefit plan covers only our dedicated employees or where the legal obligation associated with the benefit plan transferred to Elanco. Upon Lilly's full divestiture of Elanco in March 2019, all Lilly share-based awards held by our employees were converted into awards that will be settled in Elanco shares.</span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to Separation, our equity balance represented the excess of total assets over liabilities, including intercompany balances between Elanco and Lilly (net parent company investment) and accumulated other comprehensive income (loss). Net parent company investment is primarily impacted by contributions from Lilly which are the result of treasury activities and net funding provided by or distributed to Lilly. See Note 21: Related Party Agreements and Transactions for further information.</span></div><div style="text-align:justify;text-indent:9pt"><span><br/></span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The basis of presentation for our income tax amounts is discussed in Note 16: Income Taxes.</span></div>
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19300000 USD
CY2019 us-gaap Restructuring Reserve Accrual Adjustment1
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31700000 USD
CY2019Q4 us-gaap Restructuring Reserve
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20900000 USD
CY2020 us-gaap Restructuring Charges
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156500000 USD
CY2020 us-gaap Restructuring Reserve Accrual Adjustment1
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CY2020 us-gaap Payments For Restructuring
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43500000 USD
CY2020Q4 us-gaap Restructuring Reserve
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129700000 USD
CY2020Q4 us-gaap Inventory Finished Goods
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771400000 USD
CY2019Q4 us-gaap Inventory Finished Goods
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402900000 USD
CY2020Q4 us-gaap Inventory Work In Process
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CY2019Q4 us-gaap Inventory Work In Process
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603200000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
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210200000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
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83900000 USD
CY2020Q4 us-gaap Inventory Gross
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1606800000 USD
CY2019Q4 us-gaap Inventory Gross
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1090000000.0 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
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28700000 USD
CY2019Q4 us-gaap Inventory Lifo Reserve
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39300000 USD
CY2020Q4 us-gaap Inventory Net
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CY2019Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Lifo Inventory Amount
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233600000 USD
CY2019Q4 us-gaap Lifo Inventory Amount
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197200000 USD
CY2018 us-gaap Inventory Write Down
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38600000 USD
CY2020Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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CY2020Q1 us-gaap Sale Of Stock Consideration Received On Transaction
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CY2020Q4 us-gaap Deferred Finance Costs Net
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CY2019Q4 us-gaap Deferred Finance Costs Net
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16800000 USD
CY2020Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt Current
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CY2019Q4 us-gaap Long Term Debt Current
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24500000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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CY2019Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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568900000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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69600000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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799600000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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42800000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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39900000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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4703300000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Long Term Debt
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90200000 USD
CY2020Q3 us-gaap Debt Instrument Unused Borrowing Capacity Fee
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CY2020Q4 us-gaap Equity Method Investments
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CY2019Q4 us-gaap Equity Method Investments
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18800000 USD
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2020Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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CY2020 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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CY2019Q4 us-gaap Goodwill
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CY2019Q4 us-gaap Goodwill
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CY2020 us-gaap Goodwill Purchase Accounting Adjustments
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19900000 USD
CY2020 us-gaap Goodwill Acquired During Period
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2921600000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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293700000 USD
CY2020Q4 us-gaap Goodwill
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CY2019 us-gaap Goodwill Impairment Loss
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CY2018 us-gaap Goodwill Impairment Loss
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0 USD
CY2020 us-gaap Goodwill Impairment Loss
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1489500000 USD
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CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1489500000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1086800000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
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17500000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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22500000 USD
CY2018 us-gaap Impairment Of Intangible Assets Finitelived
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9500000 USD
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13000000.0 USD
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586500000 USD
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CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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585500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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581000000.0 USD
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563200000 USD
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600000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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2354200000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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1037900000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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930500000 USD
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CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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CY2019 us-gaap Depreciation
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93700000 USD
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CY2019 us-gaap Operating Lease Cost
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CY2020 us-gaap Short Term Lease Cost
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CY2019 us-gaap Short Term Lease Cost
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CY2020 us-gaap Variable Lease Cost
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2800000 USD
CY2019 us-gaap Variable Lease Cost
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2500000 USD
CY2020 us-gaap Lease Cost
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42400000 USD
CY2019 us-gaap Lease Cost
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29100000 USD
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CY2019 us-gaap Operating Lease Payments
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CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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20100000 USD
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P8Y2M12D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y1M6D
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CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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85000000.0 USD
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37000000.0 USD
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23700000 USD
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61700000 USD
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43500000 USD
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35600000 USD
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26500000 USD
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18900000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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16700000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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224600000 USD
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36200000 USD
CY2020Q4 us-gaap Operating Lease Liability
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188400000 USD
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CY2020Q2 us-gaap Lessor Sales Type Lease Term Of Contract1
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P15Y
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45600000 USD
CY2020 us-gaap Operating Lease Lease Income Lease Payments
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27800000 USD
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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0 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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300000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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31.61
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P7Y9M18D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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0
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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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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0
CY2018 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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CY2019Q4 elan Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Intrinsic Value
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100000
CY2018Q4 elan Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Intrinsic Value
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0
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CY2018 us-gaap Proceeds From Stock Options Exercised
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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55500000 USD
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12200000 USD
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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22700000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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101900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-672000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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78200000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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114100000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2018 us-gaap Current Federal Tax Expense Benefit
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45100000 USD
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55600000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
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13400000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
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45500000 USD
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2300000 USD
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CY2019 us-gaap Current Income Tax Expense Benefit
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10200000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Income Tax Expense Benefit
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68500000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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25300000 USD
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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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13700000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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20100000 USD
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32800000 USD
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24600000 USD
CY2020Q4 elan Deferred Tax Assets Operating Lease Right Of Use Liabilities
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48400000 USD
CY2019Q4 elan Deferred Tax Assets Operating Lease Right Of Use Liabilities
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20500000 USD
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24900000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
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2300000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
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484100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
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188800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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94400000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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32700000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
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389700000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
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156100000 USD
CY2020Q4 elan Deferred Tax Liabilities Operating Lease Right Of Use Assets
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48400000 USD
CY2019Q4 elan Deferred Tax Liabilities Operating Lease Right Of Use Assets
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