$FLGT
Fulgent Genetics, Inc.

2021 Q3 Form 10-Q Financial Statement

#000156459021055813 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $227.9M $101.7M
YoY Change 124.02% 883.05%
Cost Of Revenue $43.47M $26.26M
YoY Change 65.52% 575.96%
Gross Profit $184.4M $75.46M
YoY Change 144.39% 1067.67%
Gross Profit Margin 80.92% 74.18%
Selling, General & Admin $18.31M $8.755M
YoY Change 109.15% 172.83%
% of Gross Profit 9.93% 11.6%
Research & Development $6.021M $3.177M
YoY Change 89.52% 82.17%
% of Gross Profit 3.27% 4.21%
Depreciation & Amortization $2.500M $722.0K
YoY Change 246.26% 43.54%
% of Gross Profit 1.36% 0.96%
Operating Expenses $25.13M $11.93M
YoY Change 110.6% 140.9%
Operating Profit $159.3M $63.52M
YoY Change 150.73% 4109.61%
Interest Expense $30.00K $0.00
YoY Change -100.0%
% of Operating Profit 0.02% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $159.8M $63.94M
YoY Change 149.86% 3665.84%
Income Tax $37.55M $14.53M
% Of Pretax Income 23.5% 22.72%
Net Earnings $122.5M $46.64M
YoY Change 162.71% 3090.01%
Net Earnings / Revenue 53.77% 45.85%
Basic Earnings Per Share
Diluted Earnings Per Share $3.931M $1.983M
COMMON SHARES
Basic Shares Outstanding 29.67M 22.06M
Diluted Shares Outstanding 31.17M 23.54M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $470.0M $74.90M
YoY Change 527.48% 133.33%
Cash & Equivalents $214.9M $53.03M
Short-Term Investments $255.1M $21.90M
Other Short-Term Assets $32.04M $19.80M
YoY Change 61.79% 1314.29%
Inventory
Prepaid Expenses $5.348M $2.055M
Receivables $120.8M $92.20M
Other Receivables $1.807M $8.414M
Total Short-Term Assets $622.8M $195.6M
YoY Change 218.42% 398.98%
LONG-TERM ASSETS
Property, Plant & Equipment $60.17M $20.10M
YoY Change 199.33% 120.88%
Goodwill $48.75M
YoY Change
Intangibles
YoY Change
Long-Term Investments $407.3M $30.70M
YoY Change 1226.66% 147.58%
Other Assets $21.40M $1.000M
YoY Change 2040.0% 150.0%
Total Long-Term Assets $581.8M $51.70M
YoY Change 1025.4% 136.07%
TOTAL ASSETS
Total Short-Term Assets $622.8M $195.6M
Total Long-Term Assets $581.8M $51.70M
Total Assets $1.205B $247.3M
YoY Change 387.13% 304.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.87M $18.70M
YoY Change 32.98% 750.0%
Accrued Expenses $10.68M $6.000M
YoY Change 77.95% 200.0%
Deferred Revenue $7.900M
YoY Change
Short-Term Debt $15.11M $0.00
YoY Change
Long-Term Debt Due $16.00K
YoY Change
Total Short-Term Liabilities $147.2M $57.70M
YoY Change 155.04% 1256.69%
LONG-TERM LIABILITIES
Long-Term Debt $5.978M $0.00
YoY Change
Other Long-Term Liabilities $6.545M $2.200M
YoY Change 197.5% -8.33%
Total Long-Term Liabilities $12.52M $2.200M
YoY Change 469.23% -8.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.2M $57.70M
Total Long-Term Liabilities $12.52M $2.200M
Total Liabilities $167.9M $60.40M
YoY Change 177.96% 812.52%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.037B $187.0M
YoY Change
Total Liabilities & Shareholders Equity $1.205B $247.3M
YoY Change 387.13% 304.45%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $122.5M $46.64M
YoY Change 162.71% 3090.01%
Depreciation, Depletion And Amortization $2.500M $722.0K
YoY Change 246.26% 43.54%
Cash From Operating Activities $152.2M $9.400M
YoY Change 1519.16% 141.03%
INVESTING ACTIVITIES
Capital Expenditures -$3.402M -$10.10M
YoY Change -66.32% 10000.0%
Acquisitions
YoY Change
Other Investing Activities -$31.39M $8.800M
YoY Change -456.72% 35.38%
Cash From Investing Activities -$34.79M -$1.400M
YoY Change 2385.21% -122.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.989M 42.50M
YoY Change -107.03% 3763.64%
NET CHANGE
Cash From Operating Activities 152.2M 9.400M
Cash From Investing Activities -34.79M -1.400M
Cash From Financing Activities -2.989M 42.50M
Net Change In Cash 114.4M 50.50M
YoY Change 126.57% 346.9%
FREE CASH FLOW
Cash From Operating Activities $152.2M $9.400M
Capital Expenditures -$3.402M -$10.10M
Free Cash Flow $155.6M $19.50M
YoY Change 697.96% 387.5%

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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
81372000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1080000
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
28000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1242000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
3321000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
87043000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3150000
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
62000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-442000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
46638000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
186955000
us-gaap Profit Loss
ProfitLoss
402562000
us-gaap Profit Loss
ProfitLoss
48003000
us-gaap Share Based Compensation
ShareBasedCompensation
10862000
us-gaap Share Based Compensation
ShareBasedCompensation
5154000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7513000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1840000
flgt Noncash Lease Expense
NoncashLeaseExpense
682000
flgt Noncash Lease Expense
NoncashLeaseExpense
345000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-779000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-352000
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
5490000
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
327000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4107000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
441000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6574000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1083000
flgt Unrecognized Tax Benefits Operating Activities
UnrecognizedTaxBenefitsOperatingActivities
-157000
flgt Unrecognized Tax Benefits Operating Activities
UnrecognizedTaxBenefitsOperatingActivities
-389000
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-595000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-631000
flgt Gain Loss On Equity Method Investment
GainLossOnEquityMethodInvestment
3734000
flgt Gain Loss On Equity Method Investment
GainLossOnEquityMethodInvestment
-2591000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
22000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
7000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-65003000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
84557000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2086000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
19176000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9002000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14675000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-953000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
22169000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-35444000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
14603000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-18697000
flgt Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
40902000
flgt Increase Decrease In Operating And Finance Lease Liabilities
IncreaseDecreaseInOperatingAndFinanceLeaseLiabilities
-649000
flgt Increase Decrease In Operating And Finance Lease Liabilities
IncreaseDecreaseInOperatingAndFinanceLeaseLiabilities
-325000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
461491000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6372000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17829000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11336000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
22000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
523939000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13563000
flgt Payment For Purchase Of Redeemable Preferred Stock
PaymentForPurchaseOfRedeemablePreferredStock
20000000
flgt Proceeds From Sale Of Marketable Securities
ProceedsFromSaleOfMarketableSecurities
155809000
flgt Proceeds From Sale Of Marketable Securities
ProceedsFromSaleOfMarketableSecurities
8072000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
61516000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
13119000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
61868000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3971000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-406289000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7671000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
75626000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
42292000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
10000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
85000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
102000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3467000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
46000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72251000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42348000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
127451000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41066000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87426000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11965000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
214877000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53031000
us-gaap Income Taxes Paid
IncomeTaxesPaid
169540000
us-gaap Income Taxes Paid
IncomeTaxesPaid
28000
flgt Non Cash Or Part Non Cash Investment In Marketable Securities
NonCashOrPartNonCashInvestmentInMarketableSecurities
20092000
flgt Noncash Or Part Noncash Contingent Consideration For Business Acquisition Included In Other Current Liabilities
NoncashOrPartNoncashContingentConsiderationForBusinessAcquisitionIncludedInOtherCurrentLiabilities
8500000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2279000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2822000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1706000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
393000
flgt Operating Lease Right Of Use Assets Reduced Due To Lease Modification And Termination
OperatingLeaseRightOfUseAssetsReducedDueToLeaseModificationAndTermination
399000
flgt Noncash Or Part Noncash Public Offering Proceeds Included In Other Current Assets
NoncashOrPartNoncashPublicOfferingProceedsIncludedInOtherCurrentAssets
8407000
flgt Noncash Or Part Noncash Public Offering Costs Included In Accounts Payable
NoncashOrPartNoncashPublicOfferingCostsIncludedInAccountsPayable
374000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting periods. These estimates, judgments and assumptions are based on historical data and experience available at the date of the accompanying condensed consolidated financial statements, as well as various other factors management believes to be reasonable under the circumstances, including but not limited to the potential impacts arising from the recent global pandemic related to COVID-19. As the extent and duration of the impacts from COVID-19 remain unclear, the Company’s estimates and assumptions may evolve as conditions change. Actual results could differ significantly from these estimates.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On an on-going basis, management evaluates its estimates, primarily those related to: (i) revenue recognition criteria, (ii) trade accounts receivable and allowances for credit losses, (iii) the useful lives of fixed assets, (iv) estimates of tax liabilities, (v) the valuation of equity method investments, (vi) valuation of acquisition-related intangibles and goodwill, and (vii) useful lives of intangible assets and fixed assets.</p>
us-gaap Net Income Loss
NetIncomeLoss
48003000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Customers</p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In certain periods, a small number of customers has accounted for a significant portion of the Company’s revenue. After aggregating customers that are under common control or are affiliates, two customers contributed <span style="-sec-ix-hidden:F_000523">31% and 11%</span> of the Company’s revenue for the three months ended September 30, 2021, respectively, and one customer contributed 26% of the Company’s revenue for the nine months ended September 30, 2021.<span style="Background-color:#FFFFFF;color:#000000;">  One customer contributed 37% and 35% of the Company’s revenue for the three and nine months ended September 30, 2020, respectively.</span> No customer comprised <span style="-sec-ix-hidden:F_000532_2">10% or more</span> of total accounts receivable as of September 30, 2021 and December<span style="color:#000000;"> 31, 2020. </span>Revenue from the U.S. government was less than 10% of total revenue for the three and nine months ended September 30, 2021 and 2020.</p>
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
120800000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
183900000
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7900000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
26600000
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5700000
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
252000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
254000
CY2020Q4 flgt Reagents And Supplies Current
ReagentsAndSuppliesCurrent
16500000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4100000
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
848000
CY2021Q3 flgt Redeemable Preferred Stock Investment Noncurrent
RedeemablePreferredStockInvestmentNoncurrent
20000000.0
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.11
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
13.79
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.20
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.07
CY2021Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
50425000
CY2021Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
50425000
CY2021Q3 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Amortized Cost Basis
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesAmortizedCostBasis
683211000
CY2021Q3 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Gain Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedGainBeforeTax
203000
CY2021Q3 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Loss Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedLossBeforeTax
1028000
CY2021Q3 flgt Available For Sale Securities Debt Equity Securities And Trading Securities
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecurities
682386000
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
47461000
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
47461000
CY2020Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Amortized Cost Basis
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesAmortizedCostBasis
343987000
CY2020Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Gain Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedGainBeforeTax
754000
CY2020Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Loss Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedLossBeforeTax
298000
CY2020Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecurities
344443000
flgt Available For Sale Debt Securities And Equity Trading Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesAndEquityTradingSecuritiesGrossUnrealizedLoss
1000000.0
CY2020 flgt Available For Sale Debt Securities And Equity Trading Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesAndEquityTradingSecuritiesGrossUnrealizedLoss
298000
CY2021Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2021Q3 flgt Investment Margin Liabilities Current
InvestmentMarginLiabilitiesCurrent
15100000
CY2021Q3 flgt Fair Value Assets Transfers Between Levels Amount
FairValueAssetsTransfersBetweenLevelsAmount
0
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
77308000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
51119000
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17142000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10920000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60166000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40199000
CY2021Q3 us-gaap Depreciation
Depreciation
2500000
CY2020Q3 us-gaap Depreciation
Depreciation
722000
us-gaap Depreciation
Depreciation
6700000
us-gaap Depreciation
Depreciation
1800000
CY2021Q3 flgt Reagents And Supplies Current
ReagentsAndSuppliesCurrent
21950000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8528000
CY2021Q3 flgt Payable To Broker For Marketable Securities Purchased
PayableToBrokerForMarketableSecuritiesPurchased
20100000
CY2020Q4 flgt Reagents And Supplies Current
ReagentsAndSuppliesCurrent
16491000
CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5348000
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3682000
CY2021Q3 flgt Marketable Securities Interest Receivable Current
MarketableSecuritiesInterestReceivableCurrent
2724000
CY2020Q4 flgt Marketable Securities Interest Receivable Current
MarketableSecuritiesInterestReceivableCurrent
1016000
CY2021Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1807000
CY2020Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
17810000
CY2021Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
206000
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1379000
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
14000
CY2021Q3 us-gaap Other Assets Current
OtherAssetsCurrent
32035000
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
40392000
CY2021Q3 flgt Payable To Broker For Marketable Securities Purchased
PayableToBrokerForMarketableSecuritiesPurchased
20092000
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
8500000
CY2021Q3 flgt Payroll Liabilities Current
PayrollLiabilitiesCurrent
8380000
CY2020Q4 flgt Payroll Liabilities Current
PayrollLiabilitiesCurrent
5314000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1830000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
267000
CY2021Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
634000
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
409000
CY2021Q3 flgt Sales Tax Payable And Other Current
SalesTaxPayableAndOtherCurrent
467000
CY2020Q4 flgt Sales Tax Payable And Other Current
SalesTaxPayableAndOtherCurrent
2538000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
16000
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
39919000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
227868000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
101716000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
740913000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126734000
flgt Debt Security Investment Outstanding Borrowing Amount
DebtSecurityInvestmentOutstandingBorrowingAmount
15100000
flgt Debt Instrument Interest Rate At Beginning Of Period
DebtInstrumentInterestRateAtBeginningOfPeriod
0.01
flgt Payments For Closing Of Escrow Financed Under Margin Loan
PaymentsForClosingOfEscrowFinancedUnderMarginLoan
15000000.0
CY2021Q3 flgt Investment Margin Liabilities Current
InvestmentMarginLiabilitiesCurrent
15100000
CY2021Q3 us-gaap Interest Expense
InterestExpense
30000
us-gaap Interest Expense
InterestExpense
88000
us-gaap Interest Expense
InterestExpense
0
CY2020Q3 us-gaap Interest Expense
InterestExpense
0
CY2021Q3 us-gaap Purchase Obligation
PurchaseObligation
13800000
flgt Operating Leases Term Of Expiration
OperatingLeasesTermOfExpiration
2028-03
CY2021Q1 flgt Lessee Operating Lease Extended Lease Term Expiration Date
LesseeOperatingLeaseExtendedLeaseTermExpirationDate
2023-01-31
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7502000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
828000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1830000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
267000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5713000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
568000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
47000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
16000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
429000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
167000
us-gaap Operating Lease Cost
OperatingLeaseCost
730000
us-gaap Operating Lease Cost
OperatingLeaseCost
468000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3000
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
53000
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
56000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
245000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
59000
CY2021Q3 us-gaap Lease Cost
LeaseCost
485000
CY2020Q3 us-gaap Lease Cost
LeaseCost
223000
us-gaap Lease Cost
LeaseCost
978000
us-gaap Lease Cost
LeaseCost
527000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M17D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0315
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M29D
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0312
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
523000
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
5000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2001000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
17000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1541000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
17000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1120000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
10000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1044000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
883000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1080000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8192000
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
49000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
649000
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
7543000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
47000
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
79000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
321000
CY2021Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
78000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
315000
CY2021Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
6000
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
79000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
321000
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
87000
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
356000
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
266000
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
238000
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
120000
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1067000
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4374000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3150000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10862000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5154000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
127600000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000000.0
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.24
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
122522000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
46638000
us-gaap Net Income Loss
NetIncomeLoss
403025000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29673000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22062000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29221000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21793000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31170000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23539000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30906000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23135000
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.13
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.93
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.98
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
13.04
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
11657000
flgt Business Acquisitions Pro Forma Operating Income Loss
BusinessAcquisitionsProFormaOperatingIncomeLoss
-953000
CY2021Q3 us-gaap Goodwill
Goodwill
48749000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
36684000

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