2024 Q1 Form 10-K Financial Statement

#000087916924000045 Filed on February 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $880.9M $1.013B $3.696B
YoY Change 8.93% 9.35% 8.87%
Cost Of Revenue $60.96M $64.37M $255.0M
YoY Change 7.28% 19.72% 23.19%
Gross Profit $819.9M $949.0M $3.441B
YoY Change 9.06% 8.71% 7.94%
Gross Profit Margin 93.08% 93.65% 93.1%
Selling, General & Admin $300.3M $293.9M $1.161B
YoY Change -4.86% 7.71% 15.88%
% of Gross Profit 36.62% 30.97% 33.75%
Research & Development $429.3M $444.5M $1.628B
YoY Change 5.56% -11.34% 2.63%
% of Gross Profit 52.35% 46.84% 47.3%
Depreciation & Amortization $21.95M $5.384M $82.66M
YoY Change 14.24% -70.45% 21.82%
% of Gross Profit 2.68% 0.57% 2.4%
Operating Expenses $729.5M $743.7M $2.789B
YoY Change 1.01% -4.6% 7.76%
Operating Profit $91.90M $205.2M $620.5M
YoY Change 271.01% 119.83% 7.09%
Interest Expense $430.0K $33.25M $2.551M
YoY Change -8.32% -306.33% -4.31%
% of Operating Profit 0.47% 16.2% 0.41%
Other Income/Expense, Net $44.74M $50.44M $172.3M
YoY Change 36.11% 89.35% 331.6%
Pretax Income $236.2M $271.0M $834.2M
YoY Change 355.41% 236.11% 57.66%
Income Tax $66.61M $69.88M $236.6M
% Of Pretax Income 28.21% 25.79% 28.36%
Net Earnings $169.5M $201.1M $597.6M
YoY Change 681.22% 606.51% 75.42%
Net Earnings / Revenue 19.25% 19.84% 16.17%
Basic Earnings Per Share $0.76 $2.67
Diluted Earnings Per Share $0.75 $0.89 $2.65
COMMON SHARES
Basic Shares Outstanding 224.5M shares 224.1M shares 223.6M shares
Diluted Shares Outstanding 227.2M shares 225.9M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.851B $3.656B $3.656B
YoY Change 23.71% 12.88% 12.88%
Cash & Equivalents $3.346B $3.213B $3.656B
Short-Term Investments $504.5M $442.7M $442.7M
Other Short-Term Assets $189.2M $182.8M $182.8M
YoY Change -2.59% 9.47% 9.47%
Inventory $63.60M $63.00M $62.97M
Prepaid Expenses
Receivables $745.5M $743.6M $743.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.849B $4.645B $4.400B
YoY Change 22.09% 13.5% 7.49%
LONG-TERM ASSETS
Property, Plant & Equipment $720.0M $751.5M $777.0M
YoY Change -2.93% 1.65% 1.49%
Goodwill $155.6M $155.6M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $287.7M $187.7M $187.7M
YoY Change 124.19% 40.43% 40.43%
Other Assets $47.40M $52.11M $1.139B
YoY Change 128.76% 104.86% 101.87%
Total Long-Term Assets $2.287B $2.137B $2.383B
YoY Change 25.22% 22.23% 36.29%
TOTAL ASSETS
Total Short-Term Assets $4.849B $4.645B $4.400B
Total Long-Term Assets $2.287B $2.137B $2.383B
Total Assets $7.136B $6.782B $6.782B
YoY Change 23.08% 16.11% 16.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.2M $109.6M $1.348B
YoY Change 195.22% -60.51% 385.57%
Accrued Expenses $1.102B $935.6M $735.7M
YoY Change 33.54% 33.45% 27.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.678M $32.60M $32.60M
YoY Change 16.8% 925.51% 925.51%
Total Short-Term Liabilities $1.396B $1.240B $1.380B
YoY Change 38.8% 7.2% 19.29%
LONG-TERM LIABILITIES
Long-Term Debt $28.93M $29.16M $29.16M
YoY Change -2.58% -3.06% -3.06%
Other Long-Term Liabilities $151.1M $149.2M $212.0M
YoY Change 27.61% 50.29% -25.27%
Total Long-Term Liabilities $151.1M $149.2M $212.0M
YoY Change 27.61% 50.29% -32.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.396B $1.240B $1.380B
Total Long-Term Liabilities $151.1M $149.2M $212.0M
Total Liabilities $1.741B $1.592B $1.592B
YoY Change 30.43% 8.25% 8.25%
SHAREHOLDERS EQUITY
Retained Earnings $329.9M $160.4M
YoY Change -179.4% -136.68%
Common Stock $5.071B $5.016B
YoY Change 4.39% 4.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.394B $5.190B $5.190B
YoY Change
Total Liabilities & Shareholders Equity $7.136B $6.782B $6.782B
YoY Change 23.08% 16.11% 16.11%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $169.5M $201.1M $597.6M
YoY Change 681.22% 606.51% 75.42%
Depreciation, Depletion And Amortization $21.95M $5.384M $82.66M
YoY Change 14.24% -70.45% 21.82%
Cash From Operating Activities $218.8M $147.7M $496.5M
YoY Change -307.2% -47.94% -48.81%
INVESTING ACTIVITIES
Capital Expenditures $9.549M $2.286M $32.49M
YoY Change -19.8% -89.25% -58.26%
Acquisitions
YoY Change
Other Investing Activities -$63.56M -$152.2M -$175.2M
YoY Change 281.69% -42258.17% 24609.59%
Cash From Investing Activities -$73.11M -$154.5M -$207.7M
YoY Change 156.0% 638.7% 164.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$12.41M 367.0K -$20.03M
YoY Change -409.63% -114.8% 2423.05%
NET CHANGE
Cash From Operating Activities $218.8M 147.7M $496.5M
Cash From Investing Activities -$73.11M -154.5M -$207.7M
Cash From Financing Activities -$12.41M 367.0K -$20.03M
Net Change In Cash $132.6M -6.423M $262.1M
YoY Change -201.73% -102.47% -70.68%
FREE CASH FLOW
Cash From Operating Activities $218.8M $147.7M $496.5M
Capital Expenditures $9.549M $2.286M $32.49M
Free Cash Flow $209.3M $145.4M $464.0M
YoY Change -278.08% -44.59% -47.99%

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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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25772000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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32623000 usd
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CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
34523000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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2611268000 usd
CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2021 incy Stock Issued During Period Value Stock Options And Restricted Stock Units Exercised And Employee Stock Purchase Plan
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28686000 usd
CY2021 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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185129000 usd
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
948581000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3770004000 usd
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CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2022 incy Stock Issued During Period Value Stock Options And Restricted Stock Units Exercised And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockUnitsExercisedAndEmployeeStockPurchasePlan
34814000 usd
CY2022 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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189691000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
34523000 usd
CY2022 us-gaap Net Income Loss
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340660000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4370119000 usd
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CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockUnitsExercisedAndEmployeeStockPurchasePlan
7286000 usd
CY2023 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
5024 shares
CY2023 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
321000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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216475000 usd
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1963000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
597599000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
5189837000 usd
CY2023 us-gaap Profit Loss
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597599000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
340660000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
948581000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82660000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
67855000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
57844000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
215889000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
188420000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
183006000 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
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158898000 usd
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CY2021 us-gaap Increase Decrease In Deferred Income Taxes
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OtherNoncashIncomeExpense
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OtherNoncashIncomeExpense
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43893000 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
29202000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
12149000 usd
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
14741000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
28579000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
42491000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30739000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
64080000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
170151000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
67504000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
20965000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-167945000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
105436000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
73343000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
230614000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
220196000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
131439000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
496487000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
969941000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
749488000 usd
CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
10000000 usd
CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0 usd
CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
33510000 usd
CY2023 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
45000 usd
CY2022 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
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CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
10473000 usd
CY2023 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
32486000 usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
77833000 usd
CY2021 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
181006000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
15000000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2023 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
456020000 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
79860000 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
235167000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
305784000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
79151000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
231511000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
35836000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
61115000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
58626000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28550000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
26301000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
29940000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3360000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2862000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2417000 usd
CY2023 incy Payment Of Contingent Consideration
PaymentOfContingentConsideration
23959000 usd
CY2022 incy Payment Of Contingent Consideration
PaymentOfContingentConsideration
32746000 usd
CY2021 incy Payment Of Contingent Consideration
PaymentOfContingentConsideration
20093000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6176000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3355000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
262101000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
893960000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
544395000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2953120000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2059160000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1514765000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3215221000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2953120000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2059160000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
378206000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
136242000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
67731000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5052000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3493000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
27098000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5275000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6745000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14416000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2257000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1862000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1513000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit Risk.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Cash, cash equivalents, marketable securities, and trade receivables are financial instruments which potentially subject us to concentrations of credit risk. The estimated fair value of financial instruments approximates the carrying value based on available market information. By policy, we invest our excess available funds primarily in U.S. government debt securities which are securities issued or guaranteed by the U.S. government and money market funds that meet certain guidelines, which limits exposure to potential credit losses. Our receivables mainly relate to our product sales and collaborative agreements with pharmaceutical companies. We have not experienced any significant credit losses on cash, cash equivalents, marketable securities, or trade receivables to date and do not require collateral on receivables.</span></div>
CY2023 incy Inventory Finished Goods Useful Life Maximum
InventoryFinishedGoodsUsefulLifeMaximum
P36M
CY2023Q4 incy Number Of Entities Determined To Be Variable Interest Entities
NumberOfEntitiesDeterminedToBeVariableInterestEntities
0 entity
CY2023 incy Percentage Of Medi Care Part D Insurance Coverage Gap Required To Be Funded By Manufacturers
PercentageOfMediCarePartDInsuranceCoverageGapRequiredToBeFundedByManufacturers
0.70
CY2023 us-gaap Advertising Expense
AdvertisingExpense
221900000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
196400000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
66000000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3695649000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3394635000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2986267000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
23282000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
31874000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
209793000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
54455000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
36862000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
34630000 usd
CY2023Q4 incy Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
269937000 usd
CY2022Q4 incy Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
120959000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
63000000 usd
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
207000000 usd
CY2023Q4 incy Inventory Recorded As Research And Development Expense
InventoryRecordedAsResearchAndDevelopmentExpense
35600000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1021447000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
952124000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
269934000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
212814000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
751513000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
739310000 usd
CY2023 us-gaap Depreciation
Depreciation
60100000 usd
CY2022 us-gaap Depreciation
Depreciation
46300000 usd
CY2021 us-gaap Depreciation
Depreciation
36300000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5686000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8195000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3439000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3179000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14284000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14109000 usd
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.041
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
29162000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
30083000 usd
CY2023Q4 incy Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
52571000 usd
CY2022Q4 incy Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
55566000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6506000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4641000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3413000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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