2023 Q1 Form 10-K Financial Statement

#000162828023004167 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $24.33M $18.82M $75.48M
YoY Change 29.16% 22.19% -3.79%
Cost Of Revenue $11.65M $4.160M $26.97M
YoY Change 63.54% -18.03% 89.68%
Gross Profit $12.68M $14.66M $48.51M
YoY Change 8.25% 41.95% -24.48%
Gross Profit Margin 52.11% 77.89% 64.27%
Selling, General & Admin $29.90M $24.14M $109.1M
YoY Change -1.58% -3.79% -41.03%
% of Gross Profit 235.87% 164.67% 224.87%
Research & Development $31.38M $33.03M $118.9M
YoY Change 29.04% 19.62% 12.22%
% of Gross Profit 247.54% 225.36% 245.17%
Depreciation & Amortization $81.00K $92.00K $500.0K
YoY Change -47.06% -39.87% -16.67%
% of Gross Profit 0.64% 0.63% 1.03%
Operating Expenses $72.93M $57.17M $255.0M
YoY Change 17.97% 8.48% -16.45%
Operating Profit -$48.61M -$42.51M -$179.5M
YoY Change 13.06% 0.32% -20.83%
Interest Expense $14.39M -$13.43M $56.81M
YoY Change 2.31% -0.01% 22.56%
% of Operating Profit
Other Income/Expense, Net $1.273M $455.0K $2.652M
YoY Change 297.81% -88.45% -33.28%
Pretax Income -$61.72M -$55.49M -$233.7M
YoY Change 8.79% -14.79% -13.17%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$61.72M -$55.49M -$233.7M
YoY Change 8.79% -14.79% -13.17%
Net Earnings / Revenue -253.68% -294.86% -309.58%
Basic Earnings Per Share -$0.79 -$3.52
Diluted Earnings Per Share -$0.79 -$0.75 -$3.52
COMMON SHARES
Basic Shares Outstanding 76.57M shares 73.68M shares 66.41M shares
Diluted Shares Outstanding 78.44M shares 66.41M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $162.3M $166.9M $166.9M
YoY Change -25.7% -35.66% -35.66%
Cash & Equivalents $144.9M $124.8M $124.8M
Short-Term Investments $17.43M $42.09M $42.09M
Other Short-Term Assets $12.50M $10.89M $10.89M
YoY Change 8.25% -11.53% -11.53%
Inventory $39.35M $35.20M $35.20M
Prepaid Expenses
Receivables $36.42M $33.73M $33.73M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $250.6M $246.7M $246.7M
YoY Change -13.83% -25.01% -25.01%
LONG-TERM ASSETS
Property, Plant & Equipment $83.00K $164.0K $1.200M
YoY Change -83.76% -75.3% -53.16%
Goodwill
YoY Change
Intangibles $56.00K
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $1.214M $1.256M $1.256M
YoY Change -97.67% -97.61% -97.61%
TOTAL ASSETS
Total Short-Term Assets $250.6M $246.7M $246.7M
Total Long-Term Assets $1.214M $1.256M $1.256M
Total Assets $251.8M $247.9M $247.9M
YoY Change -26.55% -35.02% -35.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.07M $23.04M $23.04M
YoY Change -36.39% 31.21% 31.21%
Accrued Expenses $39.34M $41.00M $41.00M
YoY Change 12.19% 5.63% 5.63%
Deferred Revenue $12.16M $3.507M
YoY Change 220.34% -38.29%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $95.49M $92.31M $92.31M
YoY Change 20.74% 25.84% 25.84%
LONG-TERM LIABILITIES
Long-Term Debt $260.3M $259.9M $259.9M
YoY Change 0.63% 0.63% 0.63%
Other Long-Term Liabilities $225.7M $219.5M $219.5M
YoY Change -11.2% -11.09%
Total Long-Term Liabilities $486.0M $479.4M $479.4M
YoY Change -5.23% -5.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.49M $92.31M $92.31M
Total Long-Term Liabilities $486.0M $479.4M $479.4M
Total Liabilities $581.5M $571.7M $571.7M
YoY Change -1.76% -1.18% -1.18%
SHAREHOLDERS EQUITY
Retained Earnings -$1.402B -$1.340B
YoY Change 20.52% 21.12%
Common Stock $87.00K $75.00K
YoY Change 42.62% 22.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $55.00M $55.00M
YoY Change 0.0% 0.0%
Treasury Stock Shares 1.994M shares 1.994M shares
Shareholders Equity -$329.7M -$323.8M -$323.8M
YoY Change
Total Liabilities & Shareholders Equity $251.8M $247.9M $247.9M
YoY Change -26.55% -35.02% -35.02%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$61.72M -$55.49M -$233.7M
YoY Change 8.79% -14.79% -13.17%
Depreciation, Depletion And Amortization $81.00K $92.00K $500.0K
YoY Change -47.06% -39.87% -16.67%
Cash From Operating Activities -$54.36M -$42.47M -$174.8M
YoY Change 39.41% -26.4% -33.73%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $25.00M -$11.79M $8.104M
YoY Change -238.11% -76.64% -116.05%
Cash From Investing Activities $25.00M -$11.79M $8.104M
YoY Change -238.11% -76.64% -116.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $90.85M
YoY Change -1035.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $49.49M -30.36M $32.61M
YoY Change -3546.52% -114.23% -87.84%
NET CHANGE
Cash From Operating Activities -$54.36M -42.47M -$174.8M
Cash From Investing Activities $25.00M -11.79M $8.104M
Cash From Financing Activities $49.49M -30.36M $32.61M
Net Change In Cash $20.14M -84.62M -$134.1M
YoY Change -134.4% -180.43% 191.12%
FREE CASH FLOW
Cash From Operating Activities -$54.36M -$42.47M -$174.8M
Capital Expenditures $0.00
Free Cash Flow -$54.36M
YoY Change

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-1419000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-99000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2810000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4655000 usd
CY2022 us-gaap Increase Decrease In Inventories
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807000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18258000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
5603000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-34099000 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
4017000 usd
CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
6926000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1290000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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-174827000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-263809000 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
59897000 usd
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
50484000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
68001000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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8104000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50484000 usd
CY2022 espr Proceeds From Revenue Interest Purchase Agreement Net Of Issuance Costs
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0 usd
CY2021 espr Proceeds From Revenue Interest Purchase Agreement Net Of Issuance Costs
ProceedsFromRevenueInterestPurchaseAgreementNetOfIssuanceCosts
49917000 usd
CY2022 espr Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
0 usd
CY2021 espr Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
208975000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
90849000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9713000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
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0 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3762000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
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0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
440000 usd
CY2022 espr Payments From Revenue Interest Purchase Agreement
PaymentsFromRevenueInterestPurchaseAgreement
8024000 usd
CY2021 espr Payments From Revenue Interest Purchase Agreement
PaymentsFromRevenueInterestPurchaseAgreement
3389000 usd
CY2022 espr Repayments Of Revenue Interest Liability Principal
RepaymentsOfRevenueInterestLiabilityPrincipal
50000000 usd
CY2021 espr Repayments Of Revenue Interest Liability Principal
RepaymentsOfRevenueInterestLiabilityPrincipal
0 usd
CY2022 espr Payment For Other Issuance Costs
PaymentForOtherIssuanceCosts
219000 usd
CY2021 espr Payment For Other Issuance Costs
PaymentForOtherIssuanceCosts
315000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32606000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
268223000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-134117000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46070000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258892000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
304962000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124775000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258892000 usd
CY2022 espr Common Stock Issuance Costs Incurred
CommonStockIssuanceCostsIncurred
1000 usd
CY2021 espr Common Stock Issuance Costs Incurred
CommonStockIssuanceCostsIncurred
269000 usd
CY2022 espr Non Cash Right Of Use Asset
NonCashRightOfUseAsset
5000 usd
CY2021 espr Non Cash Right Of Use Asset
NonCashRightOfUseAsset
-7000 usd
CY2019Q3 espr Number Of Study Patients
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14000 patient
CY2022Q4 espr One Time Partial Call
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50000000 usd
CY2022 us-gaap Use Of Estimates
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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, net revenues, expenses and related disclosures. Actual results could differ from those estimates.</span></div>
CY2021Q4 us-gaap Restricted Cash
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50000000 usd
CY2022Q4 espr One Time Partial Call
OneTimePartialCall
50000000 usd
CY2022 us-gaap Advertising Expense
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11300000 usd
CY2021 us-gaap Advertising Expense
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13700000 usd
CY2022 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash, cash equivalents, and investments consist of financial instruments that potentially subject the Company to concentrations of credit risk. The Company has established guidelines for investment of its excess cash and believes the guidelines maintain safety and liquidity through diversification of counterparties and maturities. The Company enters into a limited number of distribution agreements with distributors and specialty pharmacies. The Company's net product sales are with these customers. As of December 31, 2022, eleven customers accounted for all of the Company's net trade receivables and as of December 31, 2021 nine customers accounted for all the Company's net trade receivables.</span></div>
CY2022 us-gaap Number Of Operating Segments
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1 segment
CY2022 us-gaap Asset Impairment Charges
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0 usd
CY2022 espr Number Of Sources Of Revenue
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26558000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
31850000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6548000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
663000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2095000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1881000 usd
CY2022Q4 us-gaap Inventory Net
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35201000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
34394000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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2715000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2715000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2551000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2051000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
164000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
664000 usd
CY2022 us-gaap Depreciation
Depreciation
500000 usd
CY2021 us-gaap Depreciation
Depreciation
600000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
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9053000 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
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8809000 usd
CY2022Q4 espr Accrued Variable Consideration Current
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21987000 usd
CY2021Q4 espr Accrued Variable Consideration Current
AccruedVariableConsiderationCurrent
16192000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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2547000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
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3917000 usd
CY2022Q4 us-gaap Interest Payable Current
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1325000 usd
CY2021Q4 us-gaap Interest Payable Current
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1325000 usd
CY2022Q4 us-gaap Other Liabilities Current
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279000 usd
CY2021Q4 us-gaap Other Liabilities Current
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167000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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35191000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
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30410000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
152562000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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3000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
152560000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
239606000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
31000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
239575000 usd
CY2021 espr Fair Value Measurement Liability Transfers Between Levels
FairValueMeasurementLiabilityTransfersBetweenLevels
0 usd
CY2021 espr Fair Value Measurement Asset Transfers Between Levels
FairValueMeasurementAssetTransfersBetweenLevels
0 usd
CY2022 espr Fair Value Measurement Asset Transfers Between Levels
FairValueMeasurementAssetTransfersBetweenLevels
0 usd
CY2022 espr Fair Value Measurement Liability Transfers Between Levels
FairValueMeasurementLiabilityTransfersBetweenLevels
0 usd
CY2022 espr One Time Partial Call
OneTimePartialCall
50000000 usd
CY2022Q4 espr Revenue Interest Payments Redemption Percentage
RevenueInterestPaymentsRedemptionPercentage
2.25
CY2022Q4 espr Revenue Interest Payments Redemption Value
RevenueInterestPaymentsRedemptionValue
400000000 usd
CY2020Q4 us-gaap Payments For Derivative Instrument Financing Activities
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46000000 usd
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
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55000000 usd
CY2020Q4 us-gaap Payments For Derivative Instrument Financing Activities
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46000000 usd
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
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55000000 usd
CY2020Q4 us-gaap Treasury Stock Shares Acquired
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1994198 shares
CY2022 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
71174 shares
CY2021Q4 us-gaap Sale Of Stock Consideration Received On Transaction
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208700000 usd
CY2021Q4 us-gaap Payments Of Stock Issuance Costs
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16300000 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
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36964286 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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9.00
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
61900000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
36964286 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
9.00
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3214537 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
38.38
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M4D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1321600 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.80
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
693400 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
33.29
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3842737 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.75
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M9D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1658000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3842737 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.75
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M9D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1658000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2517412 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
37.48
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y7M20D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
185000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4700000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0226
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0079
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M28D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M26D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.81
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.83
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.38
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.19
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
7700000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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700000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2200000 usd
CY2022 us-gaap Operating Lease Payments
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1300000 usd
CY2021 us-gaap Operating Lease Payments
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2400000 usd
CY2022 us-gaap Operating Lease Cost
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1200000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
2400000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.077
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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600000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
461000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
175000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
159000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
164000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
169000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
144000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1272000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
223000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1049000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1036000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
384000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
665000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1049000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q4 espr Deferred Tax Assets Net Of Deferred Tax Liabilities Before Valuation Allowance
DeferredTaxAssetsNetOfDeferredTaxLiabilitiesBeforeValuationAllowance
352100000 usd
CY2021Q4 espr Deferred Tax Assets Net Of Deferred Tax Liabilities Before Valuation Allowance
DeferredTaxAssetsNetOfDeferredTaxLiabilitiesBeforeValuationAllowance
284200000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.036
CY2021 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
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