2024 Q1 Form 10-K Financial Statement

#000157628024000043 Filed on February 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $168.5M $155.1M $563.9M
YoY Change 30.9% 22.19% 25.45%
Cost Of Revenue $65.30M $62.52M $227.1M
YoY Change 23.03% 32.67% 45.9%
Gross Profit $103.2M $92.54M $336.9M
YoY Change 36.43% 16.0% 14.62%
Gross Profit Margin 61.25% 59.68% 59.74%
Selling, General & Admin $119.1M $116.8M $451.0M
YoY Change 2.15% -2.11% -2.75%
% of Gross Profit 115.39% 126.21% 133.88%
Research & Development $83.80M $89.86M $367.2M
YoY Change -10.01% -15.69% -1.77%
% of Gross Profit 81.21% 97.1% 108.99%
Depreciation & Amortization $10.71M $10.87M $42.88M
YoY Change 3.55% 6.9% 19.24%
% of Gross Profit 10.38% 11.75% 12.73%
Operating Expenses $202.9M $290.0M $818.2M
YoY Change -3.25% 28.4% -2.31%
Operating Profit -$99.68M -$197.5M -$564.7M
YoY Change -25.64% 35.17% 3.74%
Interest Expense $645.0K -$151.0M $2.578M
YoY Change 0.16% -2285.88% 0.04%
% of Operating Profit
Other Income/Expense, Net -$29.12M $167.9M $53.17M
YoY Change 1660.58% -141178.99% -516.14%
Pretax Income -$114.6M -$187.6M -$478.8M
YoY Change -14.04% 34.63% -26.73%
Income Tax $405.0K -$541.0K $685.0K
% Of Pretax Income
Net Earnings -$115.0M -$187.0M -$479.4M
YoY Change -13.89% 33.67% -26.76%
Net Earnings / Revenue -68.24% -120.63% -85.02%
Basic Earnings Per Share -$0.94 -$4.28
Diluted Earnings Per Share -$0.94 -$1.58 -$4.28
COMMON SHARES
Basic Shares Outstanding 121.7M shares 118.0M shares 112.0M shares
Diluted Shares Outstanding 121.7M shares 112.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.029B $1.169B $1.169B
YoY Change 9.82% 15.57% 15.57%
Cash & Equivalents $1.029B $1.134B $1.134B
Short-Term Investments $0.00 $35.10M $35.10M
Other Short-Term Assets $31.74M $27.74M $27.74M
YoY Change -6.0% -11.96% -11.96%
Inventory $62.99M $61.95M $61.95M
Prepaid Expenses
Receivables $84.56M $88.78M $88.78M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.309B $1.347B $1.347B
YoY Change 18.48% 13.05% 13.05%
LONG-TERM ASSETS
Property, Plant & Equipment $138.4M $145.1M $302.7M
YoY Change -15.22% -13.59% -11.47%
Goodwill $3.290M $3.290M
YoY Change 0.0% 0.0%
Intangibles $8.294M $8.979M
YoY Change -24.92% -23.43%
Long-Term Investments
YoY Change
Other Assets $94.20M $124.3M $124.3M
YoY Change 59.79% 102.32% 102.32%
Total Long-Term Assets $396.1M $439.3M $439.3M
YoY Change -2.73% 5.0% 5.0%
TOTAL ASSETS
Total Short-Term Assets $1.309B $1.347B $1.347B
Total Long-Term Assets $396.1M $439.3M $439.3M
Total Assets $1.705B $1.786B $1.786B
YoY Change 12.77% 10.96% 10.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.60M $51.74M $51.74M
YoY Change -44.14% -24.92% -24.92%
Accrued Expenses $67.21M $188.0M $136.2M
YoY Change -64.72% 75.81% 27.41%
Deferred Revenue $22.56M $17.97M
YoY Change 65.6% 3.23%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $220.0M $205.9M $205.9M
YoY Change 7.77% 6.57% 6.57%
LONG-TERM LIABILITIES
Long-Term Debt $1.141B $1.140B $1.140B
YoY Change 0.23% 0.23% 0.23%
Other Long-Term Liabilities $96.79M $96.01M $281.9M
YoY Change 959.39% 945.93% 28.59%
Total Long-Term Liabilities $96.79M $96.01M $1.422B
YoY Change 959.39% 945.93% 4.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $220.0M $205.9M $205.9M
Total Long-Term Liabilities $96.79M $96.01M $1.422B
Total Liabilities $1.636B $1.628B $1.628B
YoY Change 5.15% 5.03% 5.03%
SHAREHOLDERS EQUITY
Retained Earnings -$2.257B -$2.142B
YoY Change 25.66% 28.84%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $68.29M $158.7M $158.7M
YoY Change
Total Liabilities & Shareholders Equity $1.705B $1.786B $1.786B
YoY Change 12.77% 10.96% 10.96%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$115.0M -$187.0M -$479.4M
YoY Change -13.89% 33.67% -26.76%
Depreciation, Depletion And Amortization $10.71M $10.87M $42.88M
YoY Change 3.55% 6.9% 19.24%
Cash From Operating Activities -$30.28M -$78.73M -$325.0M
YoY Change -59.32% -13.25% 5.01%
INVESTING ACTIVITIES
Capital Expenditures $6.934M $4.076M $20.49M
YoY Change -7.84% -59.24% -73.55%
Acquisitions
YoY Change
Other Investing Activities $35.00M $667.5M -$1.531M
YoY Change -78.76% 727.91% -100.67%
Cash From Investing Activities $28.07M $663.5M $840.3M
YoY Change -82.15% 839.37% 460.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $493.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.074M 90.57M $477.4M
YoY Change 25.76% 3807.03% -352.46%
NET CHANGE
Cash From Operating Activities -$30.28M -78.73M -$325.0M
Cash From Investing Activities $28.07M 663.5M $840.3M
Cash From Financing Activities -$1.074M 90.57M $477.4M
Net Change In Cash -$4.430M 675.3M $991.7M
YoY Change -105.42% -3892.91% -383.08%
FREE CASH FLOW
Cash From Operating Activities -$30.28M -$78.73M -$325.0M
Capital Expenditures $6.934M $4.076M $20.49M
Free Cash Flow -$37.22M -$82.80M -$345.5M
YoY Change -54.59% -17.82% -10.72%

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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
-384770000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
645005000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2625000 usd
CY2022 gh Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
8000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
9316000 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7878000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
94685000 usd
CY2022 gh Adjustments To Additional Paid In Capital Tender Offer Issued
AdjustmentsToAdditionalPaidInCapitalTenderOfferIssued
14235000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14758000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-654588000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
60180000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
21131000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
381369000 usd
CY2023 gh Stock Issued During Period Value Registered Direct Offering
StockIssuedDuringPeriodValueRegisteredDirectOffering
90616000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
405000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
10154000 usd
CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
11197000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
90759000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15847000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-479449000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
158684000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-479449000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-654588000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-384770000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42881000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35962000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22271000 usd
CY2023 gh Non Cash Operating Lease Costs
NonCashOperatingLeaseCosts
29699000 usd
CY2022 gh Non Cash Operating Lease Costs
NonCashOperatingLeaseCosts
28585000 usd
CY2021 gh Non Cash Operating Lease Costs
NonCashOperatingLeaseCosts
24661000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
110000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
4305000 usd
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2380000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
90759000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
94685000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
151449000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2575000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2569000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2564000 usd
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
13552000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-4595000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-12849000 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
79710000 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-7793000 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 usd
CY2023 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
29054000 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
5261000 usd
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 usd
CY2023 gh Fair Value Adjustments Of Noncontrolling Interest Liability
FairValueAdjustmentsOfNoncontrollingInterestLiability
0 usd
CY2022 gh Fair Value Adjustments Of Noncontrolling Interest Liability
FairValueAdjustmentsOfNoncontrollingInterestLiability
-99785000 usd
CY2021 gh Fair Value Adjustments Of Noncontrolling Interest Liability
FairValueAdjustmentsOfNoncontrollingInterestLiability
0 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1182000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-21000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-47000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8378000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-375000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
44353000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10350000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
20926000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4332000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4182000 usd
CY2022 gh Increase Decrease In Accounts Payable Accrued And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedAndOtherLiabilities
60328000 usd
CY2021 gh Increase Decrease In Accounts Payable Accrued And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedAndOtherLiabilities
34796000 usd
CY2023 gh Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-31478000 usd
CY2022 gh Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-20228000 usd
CY2021 gh Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
14205000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1733000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9873000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2776000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-324975000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-309463000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-209017000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
629902000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
303757000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
900808000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1494700000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
555000000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
952110000 usd
CY2023 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
5593000 usd
CY2022 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
23966000 usd
CY2021 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
39422000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20486000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
77461000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
75035000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1531000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
840250000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
149816000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-63155000 usd
CY2023 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
10154000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
9753000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
405000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2625000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8112000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11197000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7878000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
83759000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
493116000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
21131000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2023 gh Payments For Joint Venture Acquisition Financing Activities
PaymentsForJointVentureAcquisitionFinancingActivities
0 usd
CY2022 gh Payments For Joint Venture Acquisition Financing Activities
PaymentsForJointVentureAcquisitionFinancingActivities
177785000 usd
CY2021 gh Payments For Joint Venture Acquisition Financing Activities
PaymentsForJointVentureAcquisitionFinancingActivities
0 usd
CY2023 gh Noncash Tender Offer Issued
NoncashTenderOfferIssued
0 usd
CY2022 gh Noncash Tender Offer Issued
NoncashTenderOfferIssued
-14235000 usd
CY2021 gh Noncash Tender Offer Issued
NoncashTenderOfferIssued
0 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
6028000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1136000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-930000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
477375000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-189093000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-66824000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-911000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1600000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1693000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
991739000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-350340000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-340689000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141948000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
492288000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
832977000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1133687000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141948000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
492288000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1969000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1331000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
393000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5015000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4073000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
171382000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5279000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8291000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8892000 usd
CY2023Q4 gh Investments Payable
InvestmentsPayable
0 usd
CY2022Q4 gh Investments Payable
InvestmentsPayable
0 usd
CY2021Q4 gh Investments Payable
InvestmentsPayable
78000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1133537000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
141647000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
492202000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
150000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
301000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
86000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1133687000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141948000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
492288000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the periods presented. The Company bases its estimates on historical experience and other market-specific or other relevant assumptions that it believes to be reasonable under the circumstances. Estimates are used in several areas including, but not limited to, estimation of variable consideration, estimation of credit losses, standalone selling price allocation included in contracts with multiple performance obligations, goodwill and identifiable intangible assets, stock-based compensation, incremental borrowing rate for operating leases, contingencies, certain inputs into the provision for income taxes, including related reserves, valuation of non-marketable securities, among others. These estimates generally involve complex issues and require judgments, involve the analysis of historical results and prediction of future trends, can require extended periods of time to resolve and are subject to change from period to period. Actual results may differ materially from management’s estimates.
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
200000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
300000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
8600000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
25000000 usd
CY2023 gh Equity Security Fvni Impairment Of Purchase Rights
EquitySecurityFVNIImpairmentOfPurchaseRights
22100000 usd
CY2023 gh Number Of Non Marketable Equity Security Investments
NumberOfNonMarketableEquitySecurityInvestments
1 investment
CY2022Q3 gh Equity Security Fvni Impairment Of Purchase Rights
EquitySecurityFVNIImpairmentOfPurchaseRights
5300000 usd
CY2023Q2 gh Equity Security Fvni Impairment Of Purchase Rights
EquitySecurityFVNIImpairmentOfPurchaseRights
7000000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to credit risk from its portfolio of cash equivalents held at one commercial bank and investments in marketable debt securities. The Company limits its exposure to credit losses by investing in money market funds through a U.S. bank with high credit ratings. The Company’s cash may consist of deposits held with banks that may at times exceed federally insured limits, however, its exposure to credit risk in the event of default by the financial institution is limited to the extent of amounts recorded on the consolidated balance sheets. The Company performs evaluations of the relative credit standing of these financial institutions to limit the amount of credit exposure.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company also invests in investment‑grade debt instruments and has policy limits for the amount it can invest in any one type of security, except for securities issued or guaranteed by the U.S. government. The goals of the Company’s investment policy, in order of priority, are as follows: safety and preservation of principal and diversification of risk; liquidity of investments sufficient to meet cash flow requirements; and a competitive after‑tax rate of return. Under its investment policy, the Company limits amounts invested in such securities by credit rating, maturity, investment type and issuer, as a result, the Company is not exposed to any significant concentrations of credit risk from these financial instruments.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to credit risk from its accounts receivable. The majority of the Company’s accounts receivable arises from the provision of precision oncology services and development services and other, primarily with biopharmaceutical companies and international laboratory partners, all of which have high credit ratings. The Company has not experienced any material losses related to receivables from individual customers, or groups of customers. The Company does not require collateral. </span>Accounts receivable are recorded net of allowance for credit losses, if any.The Company is also subject to credit risk from its other receivables and other assets.
CY2020Q3 gh Contractual Receivables Before Allowance For Credit Loss
ContractualReceivablesBeforeAllowanceForCreditLoss
8000000 usd
CY2020Q3 gh Contractual Receivables Term
ContractualReceivablesTerm
P6Y
CY2023 gh Proceeds From Contractual Receivable
ProceedsFromContractualReceivable
4300000 usd
CY2023 gh Contractual Receivables Credit Loss Expense Reversal Noncurrent
ContractualReceivablesCreditLossExpenseReversalNoncurrent
3700000 usd
CY2023Q4 gh Contractual Receivables Before Allowance For Credit Loss Gross Current
ContractualReceivablesBeforeAllowanceForCreditLossGrossCurrent
0 usd
CY2022Q4 gh Contractual Receivables Before Allowance For Credit Loss Gross Current
ContractualReceivablesBeforeAllowanceForCreditLossGrossCurrent
0 usd
CY2023Q4 gh Contractual Receivables Allowance For Credit Loss Current
ContractualReceivablesAllowanceForCreditLossCurrent
0 usd
CY2022Q4 gh Contractual Receivables Allowance For Credit Loss Current
ContractualReceivablesAllowanceForCreditLossCurrent
0 usd
CY2023Q4 gh Contractual Receivables After Allowance For Credit Loss Net Current
ContractualReceivablesAfterAllowanceForCreditLossNetCurrent
0 usd
CY2022Q4 gh Contractual Receivables After Allowance For Credit Loss Net Current
ContractualReceivablesAfterAllowanceForCreditLossNetCurrent
0 usd
CY2023Q4 gh Contractual Receivables Before Allowance For Credit Loss Gross Noncurrent
ContractualReceivablesBeforeAllowanceForCreditLossGrossNoncurrent
3700000 usd
CY2022Q4 gh Contractual Receivables Before Allowance For Credit Loss Gross Noncurrent
ContractualReceivablesBeforeAllowanceForCreditLossGrossNoncurrent
4800000 usd
CY2023Q4 gh Contractual Receivables Allowance For Credit Loss Noncurrent
ContractualReceivablesAllowanceForCreditLossNoncurrent
3700000 usd
CY2022Q4 gh Contractual Receivables Allowance For Credit Loss Noncurrent
ContractualReceivablesAllowanceForCreditLossNoncurrent
4800000 usd
CY2023Q4 gh Contractual Receivables After Allowance For Credit Loss Net Noncurrent
ContractualReceivablesAfterAllowanceForCreditLossNetNoncurrent
0 usd
CY2022Q4 gh Contractual Receivables After Allowance For Credit Loss Net Noncurrent
ContractualReceivablesAfterAllowanceForCreditLossNetNoncurrent
0 usd
CY2022Q4 gh Contractual Receivables Allowance For Credit Loss Current
ContractualReceivablesAllowanceForCreditLossCurrent
0 usd
CY2021Q4 gh Contractual Receivables Allowance For Credit Loss Current
ContractualReceivablesAllowanceForCreditLossCurrent
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CY2020Q4 gh Contractual Receivables Allowance For Credit Loss Current
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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3290000 usd
CY2023Q4 us-gaap Goodwill
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3290000 usd
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18586000 usd
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3290000 usd
CY2022Q4 us-gaap Goodwill
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3290000 usd
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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1662000 usd
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182.60
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CY2021 us-gaap Operating Lease Expense
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q4 us-gaap Operating Lease Liability
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213798000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
35460000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
33237000 usd
CY2023 us-gaap Dividends Common Stock
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CY2022 us-gaap Dividends Common Stock
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CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2023Q4 gh Stock Issued During Period Shares Registered Direct Offering
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26.77
CY2023Q4 us-gaap Proceeds From Issuance Of Common Stock
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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350670000 usd
CY2021 gh Share Based Compensation Arrangement By Share Based Payment Award Options Annual Increase In Shares Available
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAnnualIncreaseInSharesAvailable
3689000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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119.82
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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47.51
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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193014000 usd
CY2022 gh Share Based Compensation Arrangement By Share Based Payment Award Options Annual Increase In Shares Available
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAnnualIncreaseInSharesAvailable
3689000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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44.86
CY2022 gh Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Connection With The Joint Venture Acquisition Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInConnectionWithTheJointVentureAcquisitionGross
15128 shares
CY2022 gh Share Based Compensation Arrangements By Share Based Payment Award Options Granted In Connection With The Joint Venture Acquisition Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantedInConnectionWithTheJointVentureAcquisitionWeightedAverageExercisePrice
4.90
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.29
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
60683 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
90.84
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5438296 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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34.34
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
39749000 usd
CY2023 gh Share Based Compensation Arrangement By Share Based Payment Award Options Annual Increase In Shares Available
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAnnualIncreaseInSharesAvailable
3689000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1000760 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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30.80
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.93
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
339307 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
58.45
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
12003394 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.76
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
39115000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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2401061 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
25.39
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M24D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
37730000 usd
CY2023 gh Share Based Compensation Arrangement By Share Based Payment Award Options Annual Increase In Shares Available
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAnnualIncreaseInSharesAvailable
3689000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.90
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.61
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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