2021 Q4 Form 10-K Financial Statement

#000155837022002371 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $73.24M $74.71M $294.0M
YoY Change 0.01% 15.24% 30.7%
Cost Of Revenue $16.87M $15.37M $66.63M
YoY Change -13.91% -14.29% -27.36%
Gross Profit $56.38M $59.34M $227.4M
YoY Change 5.09% 26.53% 70.66%
Gross Profit Margin 76.97% 79.43% 77.34%
Selling, General & Admin $47.57M $44.47M $179.3M
YoY Change 8.62% 14.18% 4.58%
% of Gross Profit 84.37% 74.94% 78.83%
Research & Development $26.68M $28.85M $101.0M
YoY Change 25.58% 42.07% 18.28%
% of Gross Profit 47.32% 48.61% 44.42%
Depreciation & Amortization $26.19M $7.390M $29.66M
YoY Change 253.86% 0.68% 0.95%
% of Gross Profit 46.45% 12.45% 13.04%
Operating Expenses $74.24M $48.32M $260.3M
YoY Change 14.16% -18.46% 1.35%
Operating Profit -$17.87M $11.02M -$32.87M
YoY Change 56.86% -189.25% -73.39%
Interest Expense -$3.152M -$3.122M $13.37M
YoY Change -38.56% -39.26% -5.26%
% of Operating Profit -28.32%
Other Income/Expense, Net -$4.366M -$4.592M -$16.40M
YoY Change 74.71% 7.16% 87.14%
Pretax Income -$22.24M $6.432M -$49.27M
YoY Change 60.08% -138.66% -62.77%
Income Tax -$363.0K $202.0K $326.0K
% Of Pretax Income 3.14%
Net Earnings -$21.87M $6.230M -$49.59M
YoY Change 105.41% -139.56% -58.79%
Net Earnings / Revenue -29.86% 8.34% -16.87%
Basic Earnings Per Share -$0.47 $0.13 -$1.07
Diluted Earnings Per Share -$0.47 $0.13 -$1.07
COMMON SHARES
Basic Shares Outstanding 46.89M 46.74M 46.42M
Diluted Shares Outstanding 49.32M 46.42M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $414.1M $429.0M $414.1M
YoY Change 2.39% 10.44% 2.39%
Cash & Equivalents $100.7M $113.1M $100.7M
Short-Term Investments $313.3M $315.8M $313.3M
Other Short-Term Assets $15.63M $17.89M $15.63M
YoY Change 18.38% 35.51% 18.38%
Inventory $23.01M $19.72M $23.01M
Prepaid Expenses
Receivables $33.44M $35.24M $33.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $486.1M $501.8M $486.1M
YoY Change 3.55% 10.42% 3.56%
LONG-TERM ASSETS
Property, Plant & Equipment $68.97M $60.80M $146.1M
YoY Change 187.28% 159.74% 53.02%
Goodwill $66.13M $66.13M
YoY Change 0.0% 0.0%
Intangibles $332.8M $339.0M
YoY Change -6.96% -6.85%
Long-Term Investments
YoY Change
Other Assets $18.52M $18.02M $18.52M
YoY Change 10.26% 13.31% 10.26%
Total Long-Term Assets $563.6M $562.3M $563.6M
YoY Change 5.13% 4.12% 5.12%
TOTAL ASSETS
Total Short-Term Assets $486.1M $501.8M $486.1M
Total Long-Term Assets $563.6M $562.3M $563.6M
Total Assets $1.050B $1.064B $1.050B
YoY Change 4.4% 7.0% 4.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.333M $8.459M $7.333M
YoY Change 67.76% 24.87% 66.66%
Accrued Expenses $56.03M $54.99M $56.03M
YoY Change 23.6% 37.76% 23.68%
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 $63.36M $63.45M $63.36M
YoY Change 27.48% 35.89% 27.48%
LONG-TERM LIABILITIES
Long-Term Debt $352.7M $352.5M $352.7M
YoY Change 41.03% 42.48% 41.03%
Other Long-Term Liabilities $9.494M $8.981M $39.14M
YoY Change 35.07% 50.13% 41.31%
Total Long-Term Liabilities $9.494M $8.981M $391.9M
YoY Change 35.07% 50.13% 41.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.36M $63.45M $63.36M
Total Long-Term Liabilities $9.494M $8.981M $391.9M
Total Liabilities $462.5M $463.1M $462.5M
YoY Change 36.83% 39.08% 36.81%
SHAREHOLDERS EQUITY
Retained Earnings -$365.2M -$343.3M
YoY Change 17.79% 14.67%
Common Stock $952.5M $943.5M
YoY Change -2.47% -1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $132.0K $132.0K
YoY Change 0.0% 0.0%
Treasury Stock Shares $28.00K $28.00K
Shareholders Equity $587.2M $601.0M $587.2M
YoY Change
Total Liabilities & Shareholders Equity $1.050B $1.064B $1.050B
YoY Change 4.4% 7.0% 4.4%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income -$21.87M $6.230M -$49.59M
YoY Change 105.41% -139.56% -58.79%
Depreciation, Depletion And Amortization $26.19M $7.390M $29.66M
YoY Change 253.86% 0.68% 0.95%
Cash From Operating Activities -$4.651M $17.79M $24.70M
YoY Change -143.88% -285.89% -207.39%
INVESTING ACTIVITIES
Capital Expenditures -$9.327M -$9.916M $47.79M
YoY Change 333.81% 674.69% 589.04%
Acquisitions
YoY Change
Other Investing Activities $455.0K -$16.15M -$10.45M
YoY Change -134.47% -91.04% -94.73%
Cash From Investing Activities -$8.872M -$26.06M -$58.23M
YoY Change 156.42% -85.64% -71.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.617M 3.867M 39.26M
YoY Change -81.33% -33.56% -85.05%
NET CHANGE
Cash From Operating Activities -4.651M 17.79M 24.70M
Cash From Investing Activities -8.872M -26.06M -58.23M
Cash From Financing Activities 1.617M 3.867M 39.26M
Net Change In Cash -11.91M -4.406M 3.962M
YoY Change -175.35% -97.62% -88.48%
FREE CASH FLOW
Cash From Operating Activities -$4.651M $17.79M $24.70M
Capital Expenditures -$9.327M -$9.916M $47.79M
Free Cash Flow $4.676M $27.71M -$23.09M
YoY Change -63.33% -434.21% -22.88%

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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2019 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
365000
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Profit Loss
ProfitLoss
15424000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16016000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
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CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2019 gkos Adjustments To Additional Paid In Capital Sharebased Compensation For Acquisition Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationForAcquisitionRequisiteServicePeriodRecognitionValue
27189000
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
36393000
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
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CY2020 gkos Convertible Debt Transaction Costs Amount
ConvertibleDebtTransactionCostsAmount
3267000
CY2020 gkos Convertible Debt Taxes Amount
ConvertibleDebtTaxesAmount
12891000
CY2020 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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CY2020 gkos Adjustments To Additional Paid In Capital Capped Call Transactions
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-35679000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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48641000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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30146000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021 us-gaap Profit Loss
ProfitLoss
-49593000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2019 us-gaap Profit Loss
ProfitLoss
15424000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29661000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29381000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6306000
CY2020 gkos Amortization Of Fair Market Value Of Inventory Adjustment From Merger
AmortizationOfFairMarketValueOfInventoryAdjustmentFromMerger
24712000
CY2019 gkos Amortization Of Fair Market Value Of Inventory Adjustment From Merger
AmortizationOfFairMarketValueOfInventoryAdjustmentFromMerger
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
5232000
CY2019 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2021 gkos Amortization Of Financing Cost
AmortizationOfFinancingCost
1373000
CY2020 gkos Amortization Of Financing Cost
AmortizationOfFinancingCost
364000
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5610000
CY2021 gkos Change In Deferred Income Tax Expense Benefit
ChangeInDeferredIncomeTaxExpenseBenefit
-1029000
CY2020 gkos Change In Deferred Income Tax Expense Benefit
ChangeInDeferredIncomeTaxExpenseBenefit
-12176000
CY2019 gkos Change In Deferred Income Tax Expense Benefit
ChangeInDeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-7000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-367000
CY2020 gkos Stock Option Plan Expenses
StockOptionPlanExpenses
-3172000
CY2019 gkos Stock Option Plan Expenses
StockOptionPlanExpenses
3088000
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-430000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
30146000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
46477000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
36393000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-2313000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1202000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-194000
CY2021 gkos Amortization Of Discount On Short Term Investments
AmortizationOfDiscountOnShortTermInvestments
1028000
CY2020 gkos Amortization Of Discount On Short Term Investments
AmortizationOfDiscountOnShortTermInvestments
453000
CY2019 gkos Amortization Of Discount On Short Term Investments
AmortizationOfDiscountOnShortTermInvestments
-338000
CY2021 gkos Increase Decrease In Others Accrued Liabilities
IncreaseDecreaseInOthersAccruedLiabilities
2465000
CY2020 gkos Increase Decrease In Others Accrued Liabilities
IncreaseDecreaseInOthersAccruedLiabilities
4538000
CY2019 gkos Increase Decrease In Others Accrued Liabilities
IncreaseDecreaseInOthersAccruedLiabilities
5352000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1700000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2243000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6632000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7703000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1962000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-52000
CY2021 gkos Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
-3054000
CY2020 gkos Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
-5033000
CY2019 gkos Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
-917000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12448000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2683000
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
779000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-186000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-287000
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1777000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24708000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22988000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-369000
CY2019 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
49652000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47785000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6935000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4724000
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
215285000
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
301002000
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
80388000
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
80494000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58232000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-205060000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
43426000
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
287500000
CY2020 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
-9614000
CY2020 gkos Payment For Capped Call Transactions
PaymentForCappedCallTransactions
35679000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
26124000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
20196000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15064000
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
4817000
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
4025000
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
3388000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3690000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3886000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5601000
CY2019 gkos Repayments Of Acquired Debt
RepaymentsOfAcquiredDebt
22496000
CY2021 gkos Proceeds From Tenant Allowance
ProceedsFromTenantAllowance
12668000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
659000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
39260000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
262542000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9645000
CY2021 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1774000
CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-88000
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-252000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3962000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
34406000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33160000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106162000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71756000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38596000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
110124000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106162000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71756000
CY2019 gkos Noncash Or Part Noncash Acquisition Equity Issued And Assumed
NoncashOrPartNoncashAcquisitionEquityIssuedAndAssumed
437751000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
22496000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2263000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
641000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
995000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
272000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
484000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
171000
CY2021 gkos Interest Paid Net Convertible Senior Notes
InterestPaidNetConvertibleSeniorNotes
7907000
CY2020 gkos Interest Paid Net Convertible Senior Notes
InterestPaidNetConvertibleSeniorNotes
4041000
CY2019 gkos Interest Paid Net Convertible Senior Notes
InterestPaidNetConvertibleSeniorNotes
2000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
4074000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1334000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-49600000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-49600000
CY2021 gkos Number Of Performance Obligations For Majority Of Contracts With Customers
NumberOfPerformanceObligationsForMajorityOfContractsWithCustomers
1
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24700000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-365200000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-365200000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-120300000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-23000000.0
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
423500000
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
423500000
CY2021Q4 gkos Net Working Capital
NetWorkingCapital
422800000
CY2021Q4 gkos Net Working Capital
NetWorkingCapital
422800000
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates and assumptions. Management considers many factors in selecting appropriate financial accounting policies and controls and in developing the estimates and assumptions that are used in the preparation of these consolidated financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including expected business and operational changes, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process often may yield a range of reasonable estimates of the ultimate future outcomes, and management must select an amount that falls within that range of reasonable estimates. The most significant estimates in the accompanying consolidated financial statements for the year ended December 31, 2021 relate to revenue recognition, the incremental borrowing rate related to the Company’s leased assets, and stock-based compensation expense. For the years ended December 31, 2020 and December 31, 2019, in addition to the aforementioned estimates, the fair value of the liability component of the Company’s Convertible Notes and the valuation of certain intangible assets related to the Company’s Avedro Merger were significant estimates.<span style="color:#0000ff;"> </span>Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, this process may result in actual results differing materially from those estimated amounts used in the preparation of the consolidated financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">The Company’s consolidated financial statements as of and for the year ended December 31, 2021 reflect the Company’s estimates of the impact of the ongoing COVID-19 pandemic. The full extent to which the COVID-19 pandemic will directly or indirectly impact the Company’s business, results of operations and financial condition, including sales, expenses, reserves and allowances, manufacturing, clinical trials, research and development costs and employee-related amounts, will depend on future developments that are uncertain, including the duration and severity of the COVID-19 outbreak, the severity and transmission rates of new and more contagious/and or vaccine-resistant variants of COVID-19, and the actions taken to contain it or treat COVID-19, including the availability, distribution, rate </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">of public acceptance and efficacy of vaccines for COVID-19, as well as the economic impact on local, regional, national and international customers and markets. As a result, there may be changes to the Company’s estimates regarding the impact of COVID-19 in future periods. </p>
CY2021 gkos Number Of Business Activities
NumberOfBusinessActivities
1
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021 gkos Standard Warranty Period
StandardWarrantyPeriod
P1Y
CY2020Q4 us-gaap Goodwill
Goodwill
66100000
CY2021Q4 us-gaap Goodwill
Goodwill
66100000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100708000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96596000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
62430000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
9416000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
9566000
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
9326000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
110124000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106162000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71756000
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 9pt 0pt;"><span style="font-style:italic;font-weight:bold;">Concentration of Credit Risk and Significant Customers</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">Financial instruments, which potentially subject the Company to significant concentration of credit risk, consist primarily of cash, cash equivalents, short-term investments and accounts receivable. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits and management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held. Additionally, the Company has established guidelines regarding investment instruments and their maturities </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 9pt 0pt;">which are designed to maintain preservation of principal and liquidity. The Company believes that the concentration of credit risk in its accounts receivable is mitigated by its credit evaluation process, relatively short collection terms and the level of credit worthiness of its customers. During the years ended 2021, 2020 and 2019, none of the Company’s customers accounted for more than 10% of revenues. </p>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1400000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1700000
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
400000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1200000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1600000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
2500000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
313343000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-49593000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-120348000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
15424000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46423000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44497000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37355000
CY2019 gkos Incremental Common Shares Attributable To Dilutive Effect Of Common Stock Options
IncrementalCommonSharesAttributableToDilutiveEffectOfCommonStockOptions
3495000
CY2019 gkos Incremental Common Shares Attributable To Dilutive Effect Of Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToDilutiveEffectOfEmployeeStockPurchasePlan
25000
CY2019 gkos Incremental Common Shares Attributable To Unvested Restricted Stock Units
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnits
270000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46423000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44497000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41145000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.07
CY2020 us-gaap Earnings Per Share Basic
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