2018 Q4 Form 10-K Financial Statement

#000110450619000009 Filed on February 22, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q3
Revenue $9.835M $0.00 $0.00
YoY Change
Cost Of Revenue $2.423M $0.00 $0.00
YoY Change
Gross Profit $7.412M $0.00 $0.00
YoY Change
Gross Profit Margin 75.36%
Selling, General & Admin $53.96M $31.40M $17.41M
YoY Change 71.85% 157.8% 26.9%
% of Gross Profit 728.01%
Research & Development $39.93M $33.95M $26.68M
YoY Change 17.61% -38.13% 13.84%
% of Gross Profit 538.72%
Depreciation & Amortization $2.180M $730.0K $720.0K
YoY Change 198.63% 7.35% 5.88%
% of Gross Profit 29.41%
Operating Expenses $95.14M $65.35M $44.08M
YoY Change 45.59% -2.54% 18.67%
Operating Profit -$87.72M -$65.35M -$44.08M
YoY Change 34.23% -2.53% 18.67%
Interest Expense -$3.840M -$490.0K $1.496M
YoY Change 683.67% -63.7% 94.54%
% of Operating Profit
Other Income/Expense, Net $50.00K $90.00K $101.0K
YoY Change -44.44% 200.0% 124.44%
Pretax Income -$91.51M -$65.75M -$45.15M
YoY Change 39.18% -3.85% 19.66%
Income Tax $70.00K -$370.0K $27.00K
% Of Pretax Income
Net Earnings -$91.57M -$65.38M -$45.18M
YoY Change 40.05% -4.41% 19.65%
Net Earnings / Revenue -931.09%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.188M -$852.3K -$691.8K
COMMON SHARES
Basic Shares Outstanding 77.09M shares 76.59M shares 65.31M shares
Diluted Shares Outstanding 65.31M shares

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $495.1M $381.2M $430.7M
YoY Change 29.88% 134.44% 114.81%
Cash & Equivalents $495.1M $381.2M $430.7M
Short-Term Investments
Other Short-Term Assets $11.30M $8.300M $6.800M
YoY Change 36.14% 43.1% 17.24%
Inventory $7.032M $0.00
Prepaid Expenses
Receivables $5.515M $0.00
Other Receivables $0.00
Total Short-Term Assets $518.9M $389.4M $437.5M
YoY Change 33.25% 131.25% 112.06%
LONG-TERM ASSETS
Property, Plant & Equipment $22.60M $12.40M $8.975M
YoY Change 82.26% 23.75% -12.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.300M $2.000M $1.600M
YoY Change 115.0% 53.85% -15.79%
Total Long-Term Assets $85.61M $72.60M $68.73M
YoY Change 17.92% 4.39% -2.24%
TOTAL ASSETS
Total Short-Term Assets $518.9M $389.4M $437.5M
Total Long-Term Assets $85.61M $72.60M $68.73M
Total Assets $604.6M $462.0M $506.2M
YoY Change 30.84% 94.17% 83.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.74M $14.67M $9.348M
YoY Change 20.93% 40.54% 12.63%
Accrued Expenses $38.25M $17.14M $18.80M
YoY Change 123.16% 1.9% 29.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $79.73M $44.66M $28.77M
YoY Change 78.55% 59.55% 22.41%
LONG-TERM LIABILITIES
Long-Term Debt $316.6M $55.57M $55.39M
YoY Change 469.69% 1.42% 59.62%
Other Long-Term Liabilities $0.00 $765.0K $747.0K
YoY Change -100.0% 10.39% 6.71%
Total Long-Term Liabilities $316.6M $56.33M $56.14M
YoY Change 461.95% 1.53% 58.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.73M $44.66M $28.77M
Total Long-Term Liabilities $316.6M $56.33M $56.14M
Total Liabilities $396.3M $101.0M $84.90M
YoY Change 292.41% 20.98% 44.39%
SHAREHOLDERS EQUITY
Retained Earnings -$1.282B -$957.9M -$892.5M
YoY Change 33.85% 25.18%
Common Stock $773.0K $766.0K $766.0K
YoY Change 0.91% 23.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $208.3M $361.1M $421.3M
YoY Change
Total Liabilities & Shareholders Equity $604.6M $462.0M $506.2M
YoY Change 30.84% 94.17% 83.01%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income -$91.57M -$65.38M -$45.18M
YoY Change 40.05% -4.41% 19.65%
Depreciation, Depletion And Amortization $2.180M $730.0K $720.0K
YoY Change 198.63% 7.35% 5.88%
Cash From Operating Activities -$70.17M -$48.22M -$38.24M
YoY Change 45.52% -16.8% 23.43%
INVESTING ACTIVITIES
Capital Expenditures -$4.750M -$1.700M -$450.0K
YoY Change 179.41% 120.78% -65.38%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.750M -$1.700M -$450.0K
YoY Change 179.41% 120.78% -65.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $377.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.420M 430.0K 378.2M
YoY Change 462.79% -97.94% 3803.3%
NET CHANGE
Cash From Operating Activities -70.17M -48.22M -38.24M
Cash From Investing Activities -4.750M -1.700M -450.0K
Cash From Financing Activities 2.420M 430.0K 378.2M
Net Change In Cash -72.50M -49.49M 339.5M
YoY Change 46.49% 30.65% -1603.05%
FREE CASH FLOW
Cash From Operating Activities -$70.17M -$48.22M -$38.24M
Capital Expenditures -$4.750M -$1.700M -$450.0K
Free Cash Flow -$65.42M -$46.52M -$37.79M
YoY Change 40.63% -18.66% 27.32%

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CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1350000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
118000 USD
CY2016 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
281000 USD
CY2018 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
15889000 USD
CY2017 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2016 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
USD
CY2018 us-gaap Accretion Expense
AccretionExpense
50000 USD
CY2017 us-gaap Accretion Expense
AccretionExpense
658000 USD
CY2016 us-gaap Accretion Expense
AccretionExpense
171000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-191000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3870000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3604000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2767000 USD
CY2018 insm Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
19916000 USD
CY2017 insm Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
5201000 USD
CY2016 insm Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
3043000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
10011000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
5260000 USD
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2635000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-257977000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-159617000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-146708000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13090000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3001000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4200000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1724000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14814000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1084000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
14237000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3001000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4200000 USD
CY2018 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
450000000 USD
CY2017 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2016 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2018 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2835000 USD
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2016 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
55000000 USD
CY2017 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2016 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2016 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
30000000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
377656000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8815000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3433000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
411000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
386743000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
381089000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30673000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-45000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
103000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-50000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
113907000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
218574000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-120285000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
381165000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
162591000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
282876000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
495072000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
381165000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
162591000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
6289000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
5165000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
3608000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
154000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
166000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
495100000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-324300000 USD
CY2018 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates—The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company bases its estimates and judgments on historical experience and on various other assumptions. The amounts of assets and liabilities reported in the Company's balance sheets and the amounts of revenues and expenses reported for each period presented are affected by estimates and assumptions, which are used for, but not limited to, the accounting for revenue allowances, stock-based compensation, income taxes, loss contingencies, and accounting for research and development costs. Actual results could differ from those estimates.
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.89
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.85
CY2018Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
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922000 USD
CY2018 insm Fair Value Level1 Level2 Level3 Transfers Amount
FairValueLevel1Level2Level3TransfersAmount
0 USD
CY2018Q4 insm Availableforsale Securities Gross Unrealized Gain Loss Numberof Securities
AvailableforsaleSecuritiesGrossUnrealizedGainLossNumberofSecurities
0 security
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit Risk<span style="font-family:inherit;font-size:10pt;">—Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash equivalents with high credit-quality financial institutions and may invest its short-term investments in US treasury securities, mutual funds and government agency bonds. The Company has established guidelines relative to credit ratings and maturities that seek to maintain safety and liquidity.</span><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:56px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company is exposed to risks associated with extending credit to customers related to the sale of products. The Company does not require collateral to secure amounts due from its customers. The following table presents the percentage of gross product revenue represented by the Company's three largest customers as of the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:17px;padding-top:17px;text-align:center;text-indent:0px;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:357px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"/></tr><tr><td style="width:181px;"/><td style="width:176px;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Percentage of Total Gross Product Revenue</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">Customer A</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37%</span></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">Customer B</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27%</span></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">Customer C</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19%</span></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div>The Company did not have product revenue prior to US FDA approval of ARIKAYCE in 2018. The Company relies on third-party manufacturers and suppliers for manufacturing and supply of its products. The inability of the suppliers or manufacturers to fulfill supply requirements of the Company could materially impact future operating results. A change in the relationship with the suppliers or manufacturer, or an adverse change in their business, could materially impact future operating results.
CY2017Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2018 insm Contract With Customer Asset Allowance For Current Period Sales
ContractWithCustomerAssetAllowanceForCurrentPeriodSales
1184000 USD
CY2018 insm Contract With Customer Assets Allowance For Credit Loss Paymentsand Credits
ContractWithCustomerAssetsAllowanceForCreditLossPaymentsandCredits
262000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-324277000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-192649000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-176273000 USD
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76889000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66576000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61892000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76889000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66576000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61892000 shares
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.22
CY2018 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2018Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2200000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
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2145000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4567000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
320000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
7032000 USD
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
3631000 USD
CY2018Q4 insm Accrued Clinical Trial Expenses
AccruedClinicalTrialExpenses
6635000 USD
CY2017Q4 insm Accrued Clinical Trial Expenses
AccruedClinicalTrialExpenses
7837000 USD
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
13398000 USD
CY2017Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4500000 USD
CY2018Q4 insm Accrued Technical Operation Expenses
AccruedTechnicalOperationExpenses
9371000 USD
CY2017Q4 insm Accrued Technical Operation Expenses
AccruedTechnicalOperationExpenses
2182000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
423000 USD
CY2018Q4 insm Accrued Sales Allowancesand Related Costs
AccruedSalesAllowancesandRelatedCosts
818000 USD
CY2017Q4 insm Accrued Sales Allowancesand Related Costs
AccruedSalesAllowancesandRelatedCosts
0 USD
CY2018Q4 insm Accrued Construction Liabilities Current
AccruedConstructionLiabilitiesCurrent
2946000 USD
CY2017Q4 insm Accrued Construction Liabilities Current
AccruedConstructionLiabilitiesCurrent
1719000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1455000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
481000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38254000 USD
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
17142000 USD
CY2018Q3 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1700000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58700000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58200000 USD
CY2018 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y
CY2018Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
58200000 USD
CY2018 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
1724000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1249000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58675000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
58200000 USD
CY2017 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58200000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36809000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23077000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14173000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10645000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22636000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12432000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3600000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2900000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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2400000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22600000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12400000 USD
CY2018 us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
10200000 USD
CY2018Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2200000 USD
CY2018Q4 us-gaap Secured Debt
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450000000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
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8440000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
125002000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
316558000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2018Q4 insm Long Term Debt Maturities Repayments Of Principal In Year Five And Thereafter
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter
450000000 USD
CY2018Q4 us-gaap Long Term Debt
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450000000 USD
CY2018Q4 us-gaap Common Stock Shares Authorized
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500000000 shares
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
77307521 shares
CY2017Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
14123150 shares
CY2017Q3 insm Common Stock Shares Exercise To Underwriters In Full Of Over Allotment Option
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1842150 shares
CY2017Q3 us-gaap Share Price
SharePrice
28.50
CY2017Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
24800000 USD
CY2017Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
377700000 USD
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5000000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3622830 shares
CY2018 insm Share Based Compensation Arrangement By Share Based Payment Award Inducement Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardInducementOptionsGrantsInPeriodGross
295720 shares
CY2017 insm Share Based Compensation Arrangement By Share Based Payment Award Inducement Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardInducementOptionsGrantsInPeriodGross
266230 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5273722 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.64
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2532675 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.96
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
162340 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.68
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
527351 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
17.08
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7116706 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.30
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
6850658 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
13.25
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3113998 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.28
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7116706 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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15.50
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14.08
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14.03
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12.71
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14.08
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P6Y8M8D
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200000 USD
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0
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 insm Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
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0
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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24855000 USD
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66371000 USD
CY2018Q4 insm Deferred Tax Assets License Payment
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6902000 USD
CY2017Q4 insm Deferred Tax Assets License Payment
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7730000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
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7651000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
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CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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231918000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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15424000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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16360000 USD
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CY2018Q4 us-gaap Deferred Income Tax Liabilities
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CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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332600000 USD
CY2017Q4 insm Deferred Tax Assets Liabilities Net Before Valuation Allowances
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CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2016Q4 us-gaap Unrecognized Tax Benefits
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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4087000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2017 us-gaap Lease And Rental Expense
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1500000 USD
CY2016 us-gaap Lease And Rental Expense
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1200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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3125000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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4919000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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4568000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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24036000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2018Q4 us-gaap Purchase Obligation
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CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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9835000 USD
CY2018Q1 us-gaap Cost Of Goods And Services Sold
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CY2017Q4 us-gaap Net Income Loss
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CY2018Q4 us-gaap Operating Income Loss
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CY2018 us-gaap Operating Income Loss
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CY2018Q1 us-gaap Net Income Loss
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CY2018Q2 us-gaap Net Income Loss
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CY2018Q4 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
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CY2018 us-gaap Earnings Per Share Basic And Diluted
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CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
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RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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0 USD
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CY2017Q1 us-gaap Cost Of Goods And Services Sold
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0 USD
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0 USD
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0 USD
CY2017Q4 us-gaap Cost Of Goods And Services Sold
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0 USD
CY2017 us-gaap Cost Of Goods And Services Sold
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0 USD
CY2017Q1 us-gaap Operating Income Loss
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CY2017Q4 us-gaap Operating Income Loss
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CY2017 us-gaap Operating Income Loss
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CY2017 us-gaap Earnings Per Share Basic And Diluted
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CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.04
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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2200000 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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800000 USD
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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1
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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600000 USD
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03

Files In Submission

Name View Source Status
0001104506-19-000009-index-headers.html Edgar Link pending
0001104506-19-000009-index.html Edgar Link pending
0001104506-19-000009.txt Edgar Link pending
0001104506-19-000009-xbrl.zip Edgar Link pending
chart-803421e59edbca9d8b7.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
insm-20181231.xsd Edgar Link pending
insm-20181231xex10154.htm Edgar Link pending
insm-20181231xex10292.htm Edgar Link pending
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insm-20181231_cal.xml Edgar Link unprocessable
insm-20181231_def.xml Edgar Link unprocessable
insm-20181231_lab.xml Edgar Link unprocessable
insm-20181231_pre.xml Edgar Link unprocessable
insmed10k2018.htm Edgar Link pending
insmed10k2018_htm.xml Edgar Link completed
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report.css Edgar Link pending
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