2021 Q4 Form 10-Q Financial Statement

#000110450621000015 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $56.12M $46.76M $43.64M
YoY Change 35.5% 7.14% 12.24%
Cost Of Revenue $13.29M $10.18M $10.62M
YoY Change 22.36% -4.13% 65.01%
Gross Profit $42.84M $36.57M $33.02M
YoY Change 40.22% 10.76% 1.77%
Gross Profit Margin 76.32% 78.22% 75.66%
Selling, General & Admin $65.27M $60.28M $46.59M
YoY Change 16.5% 29.38% -12.67%
% of Gross Profit 152.36% 164.82% 141.09%
Research & Development $76.35M $70.35M $41.41M
YoY Change 12.6% 69.88% 20.59%
% of Gross Profit 178.24% 192.34% 125.41%
Depreciation & Amortization $3.650M $3.772M $3.640M
YoY Change -4.95% 3.63% 61.78%
% of Gross Profit 8.52% 10.31% 11.02%
Operating Expenses $142.9M $70.35M $41.41M
YoY Change 14.22% 69.88% 20.59%
Operating Profit -$100.0M -$103.6M -$56.22M
YoY Change 5.82% 84.3% -0.47%
Interest Expense -$11.29M $11.25M $7.185M
YoY Change 51.12% 56.51% 4.95%
% of Operating Profit
Other Income/Expense, Net -$2.652M -$476.0K -$4.000K
YoY Change -731.43% 11800.0% -95.29%
Pretax Income -$113.0M -$115.3M -$63.34M
YoY Change 11.25% 82.02% 4.64%
Income Tax -$41.00K -$2.600M $300.0K
% Of Pretax Income
Net Earnings -$113.0M -$112.7M -$63.66M
YoY Change 10.54% 77.06% 4.91%
Net Earnings / Revenue -201.3% -241.06% -145.86%
Basic Earnings Per Share -$0.96 -$0.63
Diluted Earnings Per Share -$952.8K -$0.96 -$0.63
COMMON SHARES
Basic Shares Outstanding 118.4M shares 117.1M shares 101.6M shares
Diluted Shares Outstanding 117.1M shares 101.6M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $766.8M $846.6M $588.8M
YoY Change 43.92% 43.78% 9.93%
Cash & Equivalents $716.8M $846.6M $588.8M
Short-Term Investments $50.00M
Other Short-Term Assets $28.90M $25.66M $19.70M
YoY Change 20.41% 30.23% -7.51%
Inventory $67.01M $67.45M $43.48M
Prepaid Expenses
Receivables $24.35M $19.32M $15.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $837.0M $959.0M $667.1M
YoY Change 34.38% 43.74% 12.01%
LONG-TERM ASSETS
Property, Plant & Equipment $52.96M $53.20M $55.31M
YoY Change -1.85% -3.82% 4.37%
Goodwill $136.1M $136.1M
YoY Change
Intangibles
YoY Change
Long-Term Investments $50.04M
YoY Change
Other Assets $50.99M $47.60M $25.20M
YoY Change 90.26% 88.9% 28.57%
Total Long-Term Assets $406.5M $352.8M $173.6M
YoY Change 134.6% 103.26% 3.61%
TOTAL ASSETS
Total Short-Term Assets $837.0M $959.0M $667.1M
Total Long-Term Assets $406.5M $352.8M $173.6M
Total Assets $1.244B $1.312B $840.7M
YoY Change 56.19% 56.03% 10.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.78M $23.53M $22.15M
YoY Change -16.5% 6.25% 8.48%
Accrued Expenses $60.67M $62.27M $35.15M
YoY Change 60.46% 77.15% -9.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $609.0K $1.198M $600.0K
YoY Change -44.64% 99.67%
Total Short-Term Liabilities $135.2M $112.5M $83.90M
YoY Change 13.77% 34.09% -1.74%
LONG-TERM LIABILITIES
Long-Term Debt $566.6M $557.6M $351.1M
YoY Change 59.01% 58.8% 6.08%
Other Long-Term Liabilities $20.07M $23.88M $10.42M
YoY Change 118.72% 129.11% -7.46%
Total Long-Term Liabilities $586.7M $581.5M $361.6M
YoY Change 60.51% 60.83% 5.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $135.2M $112.5M $83.90M
Total Long-Term Liabilities $586.7M $581.5M $361.6M
Total Liabilities $833.0M $806.9M $483.7M
YoY Change 60.12% 66.84% 5.35%
SHAREHOLDERS EQUITY
Retained Earnings -$2.265B -$2.152B -$1.728B
YoY Change 23.74% 24.53% 16.51%
Common Stock $1.187M $1.184M $1.018M
YoY Change 15.47% 16.31% 14.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $410.5M $504.8M $357.1M
YoY Change
Total Liabilities & Shareholders Equity $1.244B $1.312B $840.7M
YoY Change 56.19% 56.03% 10.17%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$113.0M -$112.7M -$63.66M
YoY Change 10.54% 77.06% 4.91%
Depreciation, Depletion And Amortization $3.650M $3.772M $3.640M
YoY Change -4.95% 3.63% 61.78%
Cash From Operating Activities -$84.13M -$75.45M -$58.67M
YoY Change 25.96% 28.59% 12.03%
INVESTING ACTIVITIES
Capital Expenditures -$1.142M -$1.481M -$750.0K
YoY Change -24.37% 97.47% -94.86%
Acquisitions
YoY Change
Other Investing Activities -$50.08M -$6.920M
YoY Change
Cash From Investing Activities -$51.22M -$8.401M -$750.0K
YoY Change 3291.92% 1020.13% -94.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.710M 2.536M 6.100M
YoY Change -52.46% -58.43% 348.53%
NET CHANGE
Cash From Operating Activities -84.13M -75.45M -58.67M
Cash From Investing Activities -51.22M -8.401M -750.0K
Cash From Financing Activities 5.710M 2.536M 6.100M
Net Change In Cash -129.6M -81.31M -53.32M
YoY Change 130.31% 52.49% -18.72%
FREE CASH FLOW
Cash From Operating Activities -$84.13M -$75.45M -$58.67M
Capital Expenditures -$1.142M -$1.481M -$750.0K
Free Cash Flow -$82.99M -$73.96M -$57.92M
YoY Change 27.13% 27.7% 53.31%

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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Net Income Loss
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us-gaap Depreciation
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us-gaap Income Taxes Paid Net
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Net Income Loss
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0 USD
insm Fair Value Level1 Level2 Level3 Transfers Amount
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0 USD
CY2021Q3 insm Available For Sale Securities Gross Unrealized Gain Loss Number Of Securities
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0 security
CY2020Q4 insm Available For Sale Securities Gross Unrealized Gain Loss Number Of Securities
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CY2021Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2020Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareDiluted
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EarningsPerShareBasic
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CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—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><div style="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 Company uses an expected loss methodology to calculate allowances for trade receivables. The Company's measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The Company does not currently have a material allowance for collectible trade receivables. The following table presents the percentage of total gross product revenue represented by the Company's three largest customers for the nine months ended September 30, 2021 and 2020.</span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:36pt;padding-right:36pt;text-align:center;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:67.836%"><tr><td style="width:1.0%"/><td style="width:37.908%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.994%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.601%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.997%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">September 30,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Customer A</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Customer B</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Customer C</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="text-indent:42.75pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 manufacturers, or an adverse change in their business, could materially impact future operating results.</span></div>
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingUnit
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
21601000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20509000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18754000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
19558000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9237000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
67453000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
49592000 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
49261000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
29600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3790000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75071000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
88560000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
82303000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
35361000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28350000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53199000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53953000 USD
CY2021Q3 insm Accrued Clinical Trial Expenses
AccruedClinicalTrialExpenses
22277000 USD
CY2020Q4 insm Accrued Clinical Trial Expenses
AccruedClinicalTrialExpenses
6733000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
14238000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
8594000 USD
CY2021Q3 insm Accrued Technical Operation Expenses
AccruedTechnicalOperationExpenses
7419000 USD
CY2020Q4 insm Accrued Technical Operation Expenses
AccruedTechnicalOperationExpenses
9164000 USD
CY2021Q3 insm Accrued Royalties And Milestone Payments Current
AccruedRoyaltiesAndMilestonePaymentsCurrent
2223000 USD
CY2020Q4 insm Accrued Royalties And Milestone Payments Current
AccruedRoyaltiesAndMilestonePaymentsCurrent
3423000 USD
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
2496000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
3631000 USD
CY2021Q3 insm Accrued Sales Allowances And Related Costs
AccruedSalesAllowancesAndRelatedCosts
6989000 USD
CY2020Q4 insm Accrued Sales Allowances And Related Costs
AccruedSalesAllowancesAndRelatedCosts
5051000 USD
CY2021Q3 insm Business Combination Deferred Payments Current
BusinessCombinationDeferredPaymentsCurrent
5079000 USD
CY2020Q4 insm Business Combination Deferred Payments Current
BusinessCombinationDeferredPaymentsCurrent
0 USD
CY2021Q3 insm Accrued Construction Liabilities Current
AccruedConstructionLiabilitiesCurrent
19000 USD
CY2020Q4 insm Accrued Construction Liabilities Current
AccruedConstructionLiabilitiesCurrent
364000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1526000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
847000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
62266000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
37807000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
4200000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
6000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
4600000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
7100000 USD
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
118355458 shares
CY2021Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
25.00
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
914000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
513000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9555000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
718000 USD
insm Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
29800000 USD
CY2021Q3 us-gaap Secured Debt
SecuredDebt
800000000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
450000000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12080000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5646000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
230316000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
88036000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
557604000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
356318000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
225000000 USD
CY2021Q3 insm Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
575000000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
800000000 USD
CY2021Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
17500000 USD
CY2020Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
23.25
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2063000 USD
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
1968000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
6084000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
5916000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
541000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
350000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1348000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1048000 USD
CY2021Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8318000 USD
CY2020Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4776000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
20707000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
14139000 USD
CY2021Q3 insm Convertible Debt Interest Expense Total
ConvertibleDebtInterestExpenseTotal
10922000 USD
CY2020Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
13500000 USD
CY2020Q3 insm Convertible Debt Interest Expense Total
ConvertibleDebtInterestExpenseTotal
7094000 USD
insm Convertible Debt Interest Expense Total
ConvertibleDebtInterestExpenseTotal
28139000 USD
insm Convertible Debt Interest Expense Total
ConvertibleDebtInterestExpenseTotal
21103000 USD
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
323000 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
91000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
984000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
962000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
11245000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
7185000 USD
us-gaap Interest Expense
InterestExpense
29123000 USD
us-gaap Interest Expense
InterestExpense
22065000 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
118355458 shares
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
insm Share Based Compensation Arrangement By Share Based Payment Award Inducement Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardInducementOptionsGrantsInPeriodGross
953470 shares
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2600000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000 USD
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
700000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
3500000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
2600000 USD

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