2019 Q3 Form 10-Q Financial Statement

#000117887919000063 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $48.77M $44.13M $21.31M
YoY Change 136.78% 107.1% 197.69%
Cost Of Revenue $5.596M $5.367M $3.135M
YoY Change 29.84% 71.2% 195.48%
Gross Profit $43.17M $38.76M $18.17M
YoY Change 165.09% 113.29% 198.08%
Gross Profit Margin 88.53% 87.84% 85.29%
Selling, General & Admin $39.68M $42.58M $29.17M
YoY Change 24.52% 45.96% 51.06%
% of Gross Profit 91.91% 109.84% 160.52%
Research & Development $58.89M $70.98M $34.66M
YoY Change -57.39% 104.79% 8.36%
% of Gross Profit 136.41% 183.12% 190.71%
Depreciation & Amortization $1.116M $1.154M $973.0K
YoY Change 4.01% 18.6% 19.83%
% of Gross Profit 2.59% 2.98% 5.35%
Operating Expenses $100.5M $115.2M $65.11M
YoY Change -41.74% 76.93% 22.47%
Operating Profit -$57.31M -$76.43M -$46.93M
YoY Change -63.31% 62.86% -0.28%
Interest Expense $4.026M $4.625M $4.560M
YoY Change -14.61% 1.43% 9.12%
% of Operating Profit
Other Income/Expense, Net -$3.481M -$877.0K -$5.316M
YoY Change 235.03% -83.5% -321.5%
Pretax Income -$62.06M -$83.83M -$61.49M
YoY Change -61.02% 36.33% 27.88%
Income Tax -$251.0K $717.0K $339.0K
% Of Pretax Income
Net Earnings -$61.81M -$84.55M -$61.83M
YoY Change -61.17% 36.74% 28.45%
Net Earnings / Revenue -126.74% -191.6% -290.17%
Basic Earnings Per Share
Diluted Earnings Per Share -$242.7K -$355.1K -$327.8K
COMMON SHARES
Basic Shares Outstanding 254.6M shares 230.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $514.2M $575.7M $539.0M
YoY Change -8.89% 6.81% 137.24%
Cash & Equivalents $166.3M $220.6M $73.31M
Short-Term Investments $347.9M $355.1M $465.6M
Other Short-Term Assets $19.60M $20.10M $2.400M
YoY Change 20.99% 737.5% -60.0%
Inventory $9.154M $10.40M $7.769M
Prepaid Expenses
Receivables $33.73M $28.71M $15.08M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $576.7M $634.9M $576.2M
YoY Change -4.06% 10.18% 139.1%
LONG-TERM ASSETS
Property, Plant & Equipment $34.67M $15.27M $9.111M
YoY Change 225.29% 67.63% -13.23%
Goodwill $197.8M $197.8M $197.8M
YoY Change 0.0% 0.0%
Intangibles $23.00M $23.00M $23.00M
YoY Change 0.0% 0.0%
Long-Term Investments $13.80M
YoY Change
Other Assets $14.35M $12.04M $5.915M
YoY Change 135.3% 103.47% 97.17%
Total Long-Term Assets $305.6M $283.2M $249.7M
YoY Change 28.66% 13.42% -64.23%
TOTAL ASSETS
Total Short-Term Assets $576.7M $634.9M $576.2M
Total Long-Term Assets $305.6M $283.2M $249.7M
Total Assets $882.3M $918.0M $825.9M
YoY Change 5.21% 11.16% -12.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.50M $84.10M $41.60M
YoY Change 50.09% 102.16% 16.85%
Accrued Expenses $6.400M $2.700M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $93.08M $89.55M $52.96M
YoY Change 41.29% 69.07% -47.41%
LONG-TERM LIABILITIES
Long-Term Debt $149.3M $149.1M $169.4M
YoY Change -53.17% -11.98% 6.41%
Other Long-Term Liabilities $4.591M $3.987M $2.770M
YoY Change 51.57% 43.94% -98.84%
Total Long-Term Liabilities $4.591M $3.987M $2.770M
YoY Change 51.57% 43.94% -99.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $93.08M $89.55M $52.96M
Total Long-Term Liabilities $4.591M $3.987M $2.770M
Total Liabilities $334.0M $318.0M $264.0M
YoY Change -21.89% 20.45% -60.72%
SHAREHOLDERS EQUITY
Retained Earnings -$1.700B -$1.600B -$1.175B
YoY Change 27.42% 36.17%
Common Stock $2.213B $2.204B $1.726B
YoY Change 27.72% 27.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $548.3M $600.1M $561.9M
YoY Change
Total Liabilities & Shareholders Equity $882.3M $918.0M $825.9M
YoY Change 5.21% 11.16% -12.05%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$61.81M -$84.55M -$61.83M
YoY Change -61.17% 36.74% 28.45%
Depreciation, Depletion And Amortization $1.116M $1.154M $973.0K
YoY Change 4.01% 18.6% 19.83%
Cash From Operating Activities -$55.55M -$58.48M -$57.00M
YoY Change -58.16% 2.6% 35.97%
INVESTING ACTIVITIES
Capital Expenditures -$3.980M -$2.170M -$1.060M
YoY Change 47.96% 104.72% -31.61%
Acquisitions
YoY Change
Other Investing Activities $7.170M -$12.90M $11.78M
YoY Change -93.88% -209.51% -73.87%
Cash From Investing Activities $3.190M -$15.07M $10.72M
YoY Change -97.21% -240.58% -75.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $189.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 520.0K 196.4M 7.030M
YoY Change -99.65% 2693.88% -173.84%
NET CHANGE
Cash From Operating Activities -55.55M -58.48M -57.00M
Cash From Investing Activities 3.190M -15.07M 10.72M
Cash From Financing Activities 520.0K 196.4M 7.030M
Net Change In Cash -51.84M 122.9M -39.25M
YoY Change -140.33% -413.02% 397.47%
FREE CASH FLOW
Cash From Operating Activities -$55.55M -$58.48M -$57.00M
Capital Expenditures -$3.980M -$2.170M -$1.060M
Free Cash Flow -$51.57M -$56.31M -$55.94M
YoY Change -60.35% 0.66% 38.57%

Facts In Submission

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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2019Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2018Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Net Income Loss
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2019Q2 us-gaap Net Income Loss
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CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1881000 USD
us-gaap Net Income Loss
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CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2308000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
77000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
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CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
639000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
484000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2018Q4 us-gaap Stockholders Equity
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CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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CY2019Q1 fold Stock Issued During Period Value Contingent Consideration
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CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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CY2019Q1 fold Adjustments To Additional Paid In Capital Premiums Paid From Termination Of Capped Call Confirmations
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CY2019Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
584000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2019Q2 us-gaap Stock Issued During Period Value New Issues
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
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CY2019Q2 fold Adjustments To Additional Paid In Capital Premiums Paid From Termination Of Capped Call Confirmations
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5243000 USD
CY2019Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
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CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1881000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2017Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
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CY2018Q1 fold Adjustments To Additional Paid In Capital Change In Fair Value Of Derivatives
AdjustmentsToAdditionalPaidInCapitalChangeInFairValueOfDerivatives
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CY2018Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-441000 USD
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2018Q1 us-gaap Net Income Loss
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CY2018Q1 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-115000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6341000 USD
CY2018Q2 fold Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
3617000 USD
CY2018Q2 fold Adjustments To Additional Paid In Capital Change In Fair Value Of Derivatives
AdjustmentsToAdditionalPaidInCapitalChangeInFairValueOfDerivatives
85938000 USD
CY2018Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
422000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2308000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Profit Loss
ProfitLoss
-204850000 USD
us-gaap Profit Loss
ProfitLoss
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2104000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5273000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2145000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1942000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22679000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13819000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-40624000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-2739000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1863000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1400000 USD
fold Foreign Currency Remeasurement Gain Loss Before Tax
ForeignCurrencyRemeasurementGainLossBeforeTax
-530000 USD
fold Foreign Currency Remeasurement Gain Loss Before Tax
ForeignCurrencyRemeasurementGainLossBeforeTax
-2107000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6829000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6043000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1908000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3449000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3523000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4584000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12453000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11801000 USD
fold Increase Decrease In Noncurrent Operating Liabilities
IncreaseDecreaseInNoncurrentOperatingLiabilities
-819000 USD
fold Increase Decrease In Noncurrent Operating Liabilities
IncreaseDecreaseInNoncurrentOperatingLiabilities
-336000 USD
fold Increase Decrease In Deferred Reimbursements
IncreaseDecreaseInDeferredReimbursements
-1500000 USD
fold Increase Decrease In Deferred Reimbursements
IncreaseDecreaseInDeferredReimbursements
-5000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-137031000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
261425000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
210239000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
191318000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
380234000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5110000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1881000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
64997000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-171876000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
142000 USD
fold Payments For Repurchase Of Restricted Stock Units
PaymentsForRepurchaseOfRestrictedStockUnits
2555000 USD
fold Payments For Repurchase Of Restricted Stock Units
PaymentsForRepurchaseOfRestrictedStockUnits
2027000 USD
fold Proceeds From Capped Call Confirmations Exchange Of Convertible Debt
ProceedsFromCappedCallConfirmationsExchangeOfConvertibleDebt
19875000 USD
fold Proceeds From Capped Call Confirmations Exchange Of Convertible Debt
ProceedsFromCappedCallConfirmationsExchangeOfConvertibleDebt
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6760000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7580000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
812000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3617000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
213788000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
303612000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-941000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
140813000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24204000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82375000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51237000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
223188000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75441000 USD
us-gaap Interest Paid Net
InterestPaidNet
9302000 USD
us-gaap Interest Paid Net
InterestPaidNet
3774000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
837000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
81000 USD
fold Payment Of Contingent Consideration
PaymentOfContingentConsideration
9316000 USD
fold Payment Of Contingent Consideration
PaymentOfContingentConsideration
0 USD
CY2019Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
18700000 shares
CY2019Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
189000000.0 USD
CY2019Q2 fold Debt Instrument Convertible Debt Exchange Agreement Aggregate Principal Amount
DebtInstrumentConvertibleDebtExchangeAgreementAggregatePrincipalAmount
247200000 USD
CY2019Q2 fold Debt Instrument Convertible Debt Exchange Agreement Shares Authorized For Issuance
DebtInstrumentConvertibleDebtExchangeAgreementSharesAuthorizedForIssuance
44000000.0 shares
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1600000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification</span></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified for comparative purposes. The reclassifications did not affect results of operations, net assets, or cash flows.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company's financial instruments that are exposed to concentration of credit risk consist primarily of cash, cash equivalents, and marketable securities. The Company maintains its cash and cash equivalents in bank accounts, which, at times, exceed federally insured limits. The Company invests its marketable securities in high-quality commercial financial instruments. The Company has not recognized any losses from credit risks on such accounts during any of the periods presented. The Company believes it is not exposed to significant credit risk on cash and cash equivalents or its marketable securities.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><span style="font-family:inherit;font-size:10pt;">The Company is subject to credit risk from its accounts receivable related to its product sales of Galafold</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;">. The Company's accounts receivable at </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span> have arisen from product sales primarily in the E.U. and U.S. The Company will periodically assess the financial strength of its customers to establish allowances for anticipated losses, if any. For accounts receivable that have arisen from named patient sales, the payment terms are predetermined and the Company evaluates the creditworthiness of each customer on a regular basis.
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
44130000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21309000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
78176000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
38005000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220600000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
355100000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220578000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
220578000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities
CashCashEquivalentsAndAvailableforsaleDebtSecurities
575301000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities Accumulated Gross Unrealized Gain Before Tax
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
372000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities Accumulated Gross Unrealized Loss Before Tax
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
17000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities Fair Value Disclosure
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesFairValueDisclosure
575656000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220578000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
220578000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
354723000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
372000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
17000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
355078000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities
CashCashEquivalentsAndAvailableforsaleDebtSecurities
575301000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities Accumulated Gross Unrealized Gain Before Tax
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
372000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities Accumulated Gross Unrealized Loss Before Tax
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
17000 USD
CY2019Q2 fold Cash Cash Equivalents And Availableforsale Debt Securities Fair Value Disclosure
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesFairValueDisclosure
575656000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79749000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
79749000 USD
CY2018Q4 fold Cash Cash Equivalents And Availableforsale Debt Securities
CashCashEquivalentsAndAvailableforsaleDebtSecurities
504579000 USD
CY2018Q4 fold Cash Cash Equivalents And Availableforsale Debt Securities Accumulated Gross Unrealized Gain Before Tax
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
11000 USD
CY2018Q4 fold Cash Cash Equivalents And Availableforsale Debt Securities Accumulated Gross Unrealized Loss Before Tax
CashCashEquivalentsAndAvailableforsaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
438000 USD
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75441000 USD
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CommonStockParOrStatedValuePerShare
0.01
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DebtInstrumentConvertibleDebtExchangeAgreementAccruedAndUnpaidInterest
1300000 USD
CY2019Q2 fold Gain Loss On Extinguishment Of Debt Additional Paid In Capital
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215000000.0 USD
CY2019Q2 fold Gain Loss On Extinguishment Of Debt Fair Value Of Common Shares Issued
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400000 USD
CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
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fold Proceeds From Capped Call Confirmations Exchange Of Convertible Debt
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19900000 USD
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247200000 USD
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20767000 USD
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us-gaap Allocated Share Based Compensation Expense
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9000000.0 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28700000 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
25400000 USD
CY2019Q2 fold Payment Of Contingent Consideration
PaymentOfContingentConsideration
0 USD
CY2018Q2 fold Payment Of Contingent Consideration
PaymentOfContingentConsideration
0 USD
fold Payment Of Contingent Consideration
PaymentOfContingentConsideration
9316000 USD
fold Payment Of Contingent Consideration
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CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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CY2019Q2 us-gaap Operating Lease Liability
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38937000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
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CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
21247000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
26800000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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21247000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
26800000 USD
CY2019Q2 us-gaap Operating Lease Expense
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2700000 USD
us-gaap Operating Lease Expense
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4800000 USD
us-gaap Operating Lease Cost
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2400000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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200000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
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CY2019Q2 us-gaap Operating Lease Liability
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38937000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y9M18D
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0.129
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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10411000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10789000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
174673000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
218867000 USD
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28939000 USD
CY2019Q2 fold Lessee Operating Lease Liability Tenant Incentives
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150991000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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225848013 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
182303128 shares
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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6244000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4063000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3560000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3371000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3611000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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10038000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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30887000 USD
CY2019Q2 us-gaap Net Income Loss
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-84551000 USD
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
-111751000 USD
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
238089824 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
188621423 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26978000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
63043000 shares

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