2020 Q3 Form 10-Q Financial Statement

#000115903620000044 Filed on November 02, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $65.32M $46.23M $39.15M
YoY Change 41.28% 80.9% 11.21%
Cost Of Revenue $5.568M $22.33M $1.877M
YoY Change -75.07% 3467.57% 124.52%
Gross Profit $3.480M $6.872M $3.883M
YoY Change -49.36% 21.78% 6.47%
Gross Profit Margin 5.33% 14.86% 9.92%
Selling, General & Admin $11.70M $17.98M $17.34M
YoY Change -34.91% 20.96% 20.8%
% of Gross Profit 336.26% 261.63% 446.51%
Research & Development $7.747M $30.46M $33.91M
YoY Change -74.56% -14.31% -15.41%
% of Gross Profit 222.61% 443.18% 873.29%
Depreciation & Amortization $800.0K $1.000M $1.000M
YoY Change -20.0% 66.67% 66.67%
% of Gross Profit 22.99% 14.55% 25.75%
Operating Expenses $25.02M $70.77M $53.13M
YoY Change -64.65% 38.68% -3.89%
Operating Profit $40.30M -$24.54M -$13.98M
YoY Change -264.24% -3.68% -30.37%
Interest Expense $4.990M $2.078M $2.613M
YoY Change 140.13% -51.52% -45.22%
% of Operating Profit 12.38%
Other Income/Expense, Net $961.0K $1.613M $1.983M
YoY Change -40.42% -15.55% 0.0%
Pretax Income $36.27M -$25.00M -$14.61M
YoY Change -245.07% -10.23% -36.1%
Income Tax $63.00K $13.00K $17.00K
% Of Pretax Income 0.17%
Net Earnings $36.21M -$25.02M -$14.62M
YoY Change -244.74% -10.18% -36.12%
Net Earnings / Revenue 55.43% -54.11% -37.36%
Basic Earnings Per Share $0.27 -$0.17 -$0.10
Diluted Earnings Per Share $0.25 -$0.17 -$0.10
COMMON SHARES
Basic Shares Outstanding 136.6M shares 146.1M shares 145.4M shares
Diluted Shares Outstanding 142.1M shares 146.1M shares 145.4M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $346.7M $238.0M $287.5M
YoY Change 45.67% -34.69% -27.93%
Cash & Equivalents $65.74M $59.20M $67.04M
Short-Term Investments $281.0M $178.8M $220.4M
Other Short-Term Assets $31.90M $27.20M $28.10M
YoY Change 17.28% 38.78% 32.55%
Inventory $57.70M $36.05M $43.90M
Prepaid Expenses $37.61M $21.52M $19.92M
Receivables $62.55M $40.74M $32.22M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $498.9M $342.0M $391.7M
YoY Change 45.86% -20.44% -15.22%
LONG-TERM ASSETS
Property, Plant & Equipment $10.25M $15.40M $15.08M
YoY Change -33.42% 126.77% 214.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.90M $12.90M $11.00M
YoY Change 15.5% 65.38% 39.24%
Total Long-Term Assets $25.13M $28.32M $26.12M
YoY Change -11.23% 94.19% 105.35%
TOTAL ASSETS
Total Short-Term Assets $498.9M $342.0M $391.7M
Total Long-Term Assets $25.13M $28.32M $26.12M
Total Assets $524.0M $370.4M $417.8M
YoY Change 41.49% -16.68% -11.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $433.0K $4.314M $12.47M
YoY Change -89.96% 29.51% 101.5%
Accrued Expenses $25.80M $45.68M $45.56M
YoY Change -43.53% 6.18% 30.06%
Deferred Revenue $748.0K $3.511M $6.511M
YoY Change -78.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $54.54M $70.88M
YoY Change -100.0% -38.39% -18.5%
Total Short-Term Liabilities $26.98M $108.0M $135.4M
YoY Change -75.03% -22.34% 2.26%
LONG-TERM LIABILITIES
Long-Term Debt $393.6M $9.300M $14.10M
YoY Change 4132.26% -83.94% -82.17%
Other Long-Term Liabilities $3.793M $6.407M $6.532M
YoY Change -40.8% 190.83% 182.28%
Total Long-Term Liabilities $3.793M $6.407M $6.532M
YoY Change -40.8% 190.83% 182.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.98M $108.0M $135.4M
Total Long-Term Liabilities $3.793M $6.407M $6.532M
Total Liabilities $30.77M $114.4M $141.9M
YoY Change -73.12% -19.02% 5.35%
SHAREHOLDERS EQUITY
Retained Earnings -$547.8M -$569.3M -$544.3M
YoY Change -3.78% 7.55% 8.54%
Common Stock $646.3M $814.2M $803.9M
YoY Change -20.62% 5.81% 6.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $98.99M $245.4M $260.1M
YoY Change
Total Liabilities & Shareholders Equity $524.0M $370.4M $417.8M
YoY Change 41.49% -16.68% -11.99%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $36.21M -$25.02M -$14.62M
YoY Change -244.74% -10.18% -36.12%
Depreciation, Depletion And Amortization $800.0K $1.000M $1.000M
YoY Change -20.0% 66.67% 66.67%
Cash From Operating Activities $6.100M -$29.60M -$24.80M
YoY Change -120.61% 55.79% 31.91%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$1.100M -$1.400M
YoY Change -81.82% 266.67% 180.0%
Acquisitions
YoY Change
Other Investing Activities -$29.90M $42.10M $48.90M
YoY Change -171.02% 18.26% -779.17%
Cash From Investing Activities -$30.10M $41.00M $47.50M
YoY Change -173.41% 16.48% -725.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.90M -19.20M -16.30M
YoY Change 128.65% 17.07% 0.0%
NET CHANGE
Cash From Operating Activities 6.100M -29.60M -24.80M
Cash From Investing Activities -30.10M 41.00M 47.50M
Cash From Financing Activities -43.90M -19.20M -16.30M
Net Change In Cash -67.90M -7.800M 6.400M
YoY Change 770.51% 3800.0% -114.99%
FREE CASH FLOW
Cash From Operating Activities $6.100M -$29.60M -$24.80M
Capital Expenditures -$200.0K -$1.100M -$1.400M
Free Cash Flow $6.300M -$28.50M -$23.40M
YoY Change -122.11% 52.41% 27.87%

Facts In Submission

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Organization and Business <div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:11pt;"><span style="font-family:inherit;font-size:10pt;">Halozyme Therapeutics, Inc. is a biopharma technology platform company that provides innovative and disruptive solutions with the goal of improving patient experience and outcomes. Our proprietary enzyme, rHuPH20, is used to facilitate the delivery of injected drugs and fluids. We license our technology to biopharmaceutical companies to collaboratively develop products that combine our ENHANZE</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;"> drug delivery</span><span style="font-family:inherit;font-size:11pt;"> </span><span style="font-family:inherit;font-size:10pt;">technology with the collaborators’ proprietary compounds.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our approved product and our collaborators’ approved products and product candidates are based on rHuPH20, our patented recombinant human hyaluronidase enzyme. rHuPH20 is the active ingredient in our first commercially approved product, Hylenex</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;"> recombinant, (“Hylenex”), and it works by breaking down hyaluronan (or “HA”), a naturally occurring carbohydrate that is a major component of the extracellular matrix in tissues throughout the body such as skin and cartilage. This temporarily increases dispersion and absorption allowing for improved subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other large therapeutic molecules, as well as small molecules and fluids. We refer to the application of rHuPH20 to facilitate the delivery of other drugs or fluids as our ENHANZE</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;"> drug delivery technology (“ENHANZE”). We license the ENHANZE technology to form collaborations with biopharmaceutical companies that develop or market drugs requiring or benefiting from injection via the subcutaneous route of administration. In the development of proprietary intravenous (IV) drugs combined with our ENHANZE technology, data have been generated supporting the potential for ENHANZE to reduce treatment burden, as a result of shorter duration of subcutaneous (SC) administration. ENHANZE may enable fixed-dose SC dosing compared to weight-based dosing required for IV administration, and potentially allow for lower rates of infusion related reactions. ENHANZE may enable more flexible treatment options such as home administration by a healthcare professional or potentially the patient. Lastly, certain proprietary drugs co-formulated with ENHANZE have been granted additional exclusivity, extending the patent life of the product beyond the one of the proprietary IV drug.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We currently have ENHANZE collaborations with F. Hoffmann-La Roche, Ltd. and Hoffmann-La Roche, Inc. (“Roche”), Baxalta US Inc. and Baxalta GmbH (now members of the Takeda group of companies, following the acquisition of Shire plc by Takeda Pharmaceutical Company Limited in January 2019) (“Baxalta”), Pfizer Inc. (“Pfizer”), Janssen Biotech, Inc. (“Janssen”), AbbVie, Inc. (“AbbVie”), Eli Lilly and Company (“Lilly”), Bristol-Myers Squibb Company (“BMS”), Alexion Pharma Holding (“Alexion”) and ARGENX BVBA (“argenx”). We receive royalties from three of these collaborations, including royalties from sales of one product from the Baxalta collaboration, three products from the Roche collaboration and one product from the Janssen collaboration. Future potential revenues from royalties and fees from ENHANZE collaborations and the sales and/or royalties of our approved products will depend on the ability of Halozyme and our collaborators to develop, manufacture, secure and maintain regulatory approvals for approved products and product candidates and commercialize product candidates.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Except where specifically noted or the context otherwise requires, references to “Halozyme,” “the Company,” “we,” “our,” and “us” in these notes to the condensed consolidated financial statements refer to Halozyme Therapeutics, Inc. and its wholly owned subsidiary, Halozyme, Inc., and Halozyme, Inc.’s wholly owned subsidiaries, Halozyme Holdings Ltd., Halozyme Royalty LLC, Halozyme Switzerland GmbH and Halozyme Switzerland Holdings GmbH.</span></div>
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<div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div>The preparation of interim unaudited condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the amounts reported in our interim unaudited condensed consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates and judgments, which are based on historical and anticipated results and trends and on various other assumptions that management believes to be reasonable under the circumstances. By their nature, estimates are subject to an inherent degree of uncertainty and, as such, actual results may differ from management’s estimates
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CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
30156000 USD
CY2020Q3 halo Prepaidresearchanddevelopment
Prepaidresearchanddevelopment
550000 USD
CY2019Q4 halo Prepaidresearchanddevelopment
Prepaidresearchanddevelopment
4964000 USD
CY2020Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3223000 USD
CY2019Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3655000 USD
CY2020Q3 us-gaap Other Assets
OtherAssets
4944000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
5681000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
46323000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
44456000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
14382000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
11083000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
31941000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
33373000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross Excluding Capital Leased Assets
PropertyPlantAndEquipmentGrossExcludingCapitalLeasedAssets
18363000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross Excluding Capital Leased Assets
PropertyPlantAndEquipmentGrossExcludingCapitalLeasedAssets
17748000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets
11786000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets
10742000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
6577000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
7006000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3675000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3849000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10252000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10855000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
800000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1000000.0 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
400000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
500000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2500000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3000000.0 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1300000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1300000 USD
CY2020Q3 halo Accrued Outsourced Research And Development Expenses Current
AccruedOutsourcedResearchAndDevelopmentExpensesCurrent
918000 USD
CY2019Q4 halo Accrued Outsourced Research And Development Expenses Current
AccruedOutsourcedResearchAndDevelopmentExpensesCurrent
8423000 USD
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EmployeeRelatedLiabilitiesCurrent
7372000 USD
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EmployeeRelatedLiabilitiesCurrent
27888000 USD
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Accruedmanufacturingexpenses
6946000 USD
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Accruedmanufacturingexpenses
9173000 USD
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OtherAccruedLiabilitiesCurrent
8765000 USD
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OtherAccruedLiabilitiesCurrent
7876000 USD
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OperatingLeaseLiability
5523000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6469000 USD
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AccruedLiabilitiesAndOtherLiabilities
29524000 USD
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
59829000 USD
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AccruedLiabilitiesNoncurrent
3729000 USD
CY2019Q4 halo Accrued Liabilities Noncurrent
AccruedLiabilitiesNoncurrent
4180000 USD
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AccruedLiabilitiesCurrent
25795000 USD
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AccruedLiabilitiesCurrent
55649000 USD
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OperatingLeaseAccretionOfLiability
100000 USD
CY2019Q3 halo Operating Lease Accretion Of Liability
OperatingLeaseAccretionOfLiability
200000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
500000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
700000 USD
halo Operating Lease Accretion Of Liability
OperatingLeaseAccretionOfLiability
400000 USD
halo Operating Lease Accretion Of Liability
OperatingLeaseAccretionOfLiability
600000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1700000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
2000000.0 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
800000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
800000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2500000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2300000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1389000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5259000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
748000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4012000 USD
CY2020Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
641000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1247000 USD
CY2019Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
447400000 USD
CY2019Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000000.0 USD
CY2019Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6900000 USD
CY2019Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2600000 shares
CY2019Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
26100000 USD
CY2019Q4 halo Non Convertible Borrowing Ratefor Similar Debt Percent
NonConvertibleBorrowingRateforSimilarDebtPercent
0.0519
CY2019Q4 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
65600000 USD
CY2019Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
447400000 USD
CY2020Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
591000000.0 USD
CY2019Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
461100000 USD
CY2020Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
2930000 USD
CY2019Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
26100000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4220000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8239000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13008000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27547000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4220000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8239000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13008000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27547000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
34700 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
100000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1500000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3000000.0 shares
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y10M24D
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
550000000.0 USD
CY2019Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6900000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3188795 shares
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
16.15
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
51574000 USD
CY2020Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
88307 shares
CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
22.58
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1996000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2134716 shares
CY2020Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
27.57
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
58902000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5411818 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
20.76
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
112472000 USD
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
500000 shares
CY2020Q1 halo Treasury Stock Acquired Fee Cost Per Share
TreasuryStockAcquiredFeeCostPerShare
0.02
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
771000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2594000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2535000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
130000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6030000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
507000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5523000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D

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