2024 Q1 Form 10-K Financial Statement

#000087401524000116 Filed on February 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $119.5M $324.5M $787.6M
YoY Change -8.45% 113.64% 34.1%
Cost Of Revenue $2.151M $3.000M $9.133M
YoY Change 60.16% -18.61% -35.3%
Gross Profit $117.3M $322.0M $778.5M
YoY Change -9.16% 117.27% 35.81%
Gross Profit Margin 98.2% 99.23% 98.84%
Selling, General & Admin $52.64M $71.00M $232.6M
YoY Change 15.66% 48.07% 54.77%
% of Gross Profit 44.86% 22.05% 29.88%
Research & Development $214.2M $257.0M $900.0M
YoY Change 8.29% -16.63% 8.02%
% of Gross Profit 182.55% 79.81% 115.6%
Depreciation & Amortization $2.547M $3.251M $10.29M
YoY Change -2.19% -10.61% -28.17%
% of Gross Profit 2.17% 1.01% 1.32%
Operating Expenses $52.64M $328.0M $232.6M
YoY Change 15.66% -7.92% 54.77%
Operating Profit -$149.5M -$6.122M -$353.7M
YoY Change 30.98% -97.06% -13.76%
Interest Expense $4.151M -$18.00M $12.66M
YoY Change 158.15% -233.97% 55.87%
% of Operating Profit
Other Income/Expense, Net $277.0K $21.00M $14.26M
YoY Change 20.43% 3135.75% -295.99%
Pretax Income -$142.7M -$3.000M -$334.0M
YoY Change 26.37% -93.23% 29.45%
Income Tax $100.0K $6.000M $32.32M
% Of Pretax Income
Net Earnings -$142.8M -$9.263M -$366.3M
YoY Change 14.86% -82.33% 35.8%
Net Earnings / Revenue -119.5% -2.85% -46.5%
Basic Earnings Per Share -$0.98 -$0.06 -$2.56
Diluted Earnings Per Share -$0.98 -$0.06 -$2.56
COMMON SHARES
Basic Shares Outstanding 145.8M 143.5M 143.2M
Diluted Shares Outstanding 145.5M 143.2M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.652B $1.711B $2.331B
YoY Change -7.33% 14.96% 17.32%
Cash & Equivalents $348.9M $399.3M $2.331B
Short-Term Investments $1.303B $1.311B $1.932B
Other Short-Term Assets $174.1M $184.4M $213.0M
YoY Change 8.98% 9.63% 26.59%
Inventory $30.26M $28.43M $28.43M
Prepaid Expenses
Receivables $5.140M $98.00M $98.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.416B $2.642B $2.642B
YoY Change -4.99% 19.94% 19.94%
LONG-TERM ASSETS
Property, Plant & Equipment $72.80M $71.04M $243.0M
YoY Change -14.52% -4.38% -5.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $106.0M $105.3M $105.0M
YoY Change 35.42% 39.73% 39.36%
Total Long-Term Assets $348.3M $348.2M $348.0M
YoY Change 1.65% 5.14% 5.08%
TOTAL ASSETS
Total Short-Term Assets $2.416B $2.642B $2.642B
Total Long-Term Assets $348.3M $348.2M $348.0M
Total Assets $2.764B $2.990B $2.990B
YoY Change -4.2% 18.0% 18.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.08M $26.03M $26.03M
YoY Change 24.6% 45.23% 45.23%
Accrued Expenses $106.0M $147.9M $223.7M
YoY Change -5.9% 5.56% 13.85%
Deferred Revenue $130.4M $151.1M
YoY Change 41.23% 66.85%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.38M $157.0K $44.00M
YoY Change 438.62% 3.97% 13650.0%
Total Short-Term Liabilities $327.6M $448.1M $448.0M
YoY Change 26.4% 43.82% 43.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.231B $1.241B $1.229B
YoY Change 3.93% 5.55% 3.91%
Other Long-Term Liabilities $41.80M $926.0M $926.0M
YoY Change 458.3% 12894.67% 98.41%
Total Long-Term Liabilities $41.80M $1.241B $2.155B
YoY Change 458.3% 4.92% 30.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $327.6M $448.1M $448.0M
Total Long-Term Liabilities $41.80M $1.241B $2.155B
Total Liabilities $2.467B $2.603B $2.603B
YoY Change 2.87% 32.76% 32.74%
SHAREHOLDERS EQUITY
Retained Earnings -$1.939B -$1.796B
YoY Change 24.76% 25.62%
Common Stock $2.270B $2.215B
YoY Change 8.65% 7.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $296.5M $386.7M $387.0M
YoY Change
Total Liabilities & Shareholders Equity $2.764B $2.990B $2.990B
YoY Change -4.2% 18.0% 18.0%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$142.8M -$9.263M -$366.3M
YoY Change 14.86% -82.33% 35.8%
Depreciation, Depletion And Amortization $2.547M $3.251M $10.29M
YoY Change -2.19% -10.61% -28.17%
Cash From Operating Activities -$149.9M $32.89M -$307.5M
YoY Change 11.9% -116.43% 12.08%
INVESTING ACTIVITIES
Capital Expenditures $4.493M -$795.0K $23.81M
YoY Change -57.1% -119.21% 51.42%
Acquisitions
YoY Change
Other Investing Activities $80.60M -$27.52M -$190.3M
YoY Change -125.57% -112.72% -22.92%
Cash From Investing Activities $76.11M -$26.73M -$214.1M
YoY Change -123.37% -112.6% -18.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.57M 40.68M 644.1M
YoY Change -95.21% -179.74% -1264.81%
NET CHANGE
Cash From Operating Activities -149.9M 32.89M -307.5M
Cash From Investing Activities 76.11M -26.73M -214.1M
Cash From Financing Activities 23.57M 40.68M 644.1M
Net Change In Cash -50.38M 46.84M 122.8M
YoY Change -254.73% -219.9% -120.72%
FREE CASH FLOW
Cash From Operating Activities -$149.9M $32.89M -$307.5M
Capital Expenditures $4.493M -$795.0K $23.81M
Free Cash Flow -$154.4M $33.68M -$331.3M
YoY Change 6.9% -116.48% 14.21%

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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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DeferredTaxAssetsFinancingArrangements
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CY2022Q4 ions Deferred Tax Assets Financing Arrangements
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2023 us-gaap Valuation Allowances And Reserves Period Increase Decrease
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.059
CY2023Q4 ions Deferred Tax Assets Liabilities Net Before Valuation Allowance
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CY2023 ions Maximum Contract Maturity Period Range3
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CY2023Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Inventory Net
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CY2023Q4 us-gaap Assets Current
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CY2022Q4 us-gaap Assets
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CY2023Q4 us-gaap Employee Related Liabilities Current
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CY2022Q4 us-gaap Employee Related Liabilities Current
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CY2023Q4 us-gaap Accrued Liabilities Current
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CY2022Q4 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Accrued Income Taxes Current
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CY2022Q4 us-gaap Accrued Income Taxes Current
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CY2023Q4 us-gaap Contract With Customer Liability Current
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151128000
CY2022Q4 us-gaap Contract With Customer Liability Current
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CY2023Q4 us-gaap Other Liabilities Current
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CY2022Q4 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Liabilities Current
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Long Term Loans From Bank
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CY2023Q4 us-gaap Liabilities
Liabilities
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CY2022Q4 us-gaap Liabilities
Liabilities
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Value
CommonStockValue
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CY2022Q4 us-gaap Common Stock Value
CommonStockValue
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CY2023Q4 us-gaap Additional Paid In Capital Common Stock
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CY2022Q4 us-gaap Additional Paid In Capital Common Stock
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2023 ions Research Development And Patent Expense
ResearchDevelopmentAndPatentExpense
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CY2022 ions Research Development And Patent Expense
ResearchDevelopmentAndPatentExpense
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CY2021 ions Research Development And Patent Expense
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CY2023 us-gaap Selling General And Administrative Expense
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CY2022 us-gaap Selling General And Administrative Expense
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CY2021 us-gaap Selling General And Administrative Expense
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CY2023 us-gaap Costs And Expenses
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CY2021 us-gaap Costs And Expenses
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CY2023 us-gaap Investment Income Net
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CY2022 us-gaap Investment Income Net
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CY2021 us-gaap Investment Income Net
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2023 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Gain Loss On Disposition Of Assets
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CY2021 us-gaap Gain Loss On Disposition Of Assets
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CY2023 us-gaap Sale And Leaseback Transaction Gain Loss Net
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CY2021 us-gaap Increase Decrease In Other Operating Assets
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CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2023 us-gaap Increase Decrease In Other Employee Related Liabilities
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CY2022 us-gaap Increase Decrease In Other Employee Related Liabilities
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CY2021 us-gaap Increase Decrease In Other Employee Related Liabilities
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CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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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 Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
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CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
276472000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2023 ions Patent Expenses
PatentExpenses
4300000
CY2022 ions Patent Expenses
PatentExpenses
4700000
CY2021 ions Patent Expenses
PatentExpenses
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CY2023Q4 ions Number Of Publicly Held Companies In Which Entity Has Equity Investment
NumberOfPubliclyHeldCompaniesInWhichEntityHasEquityInvestment
3
CY2023Q4 ions Number Of Privately Held Companies In Which Entity Has Equity Investment
NumberOfPrivatelyHeldCompaniesInWhichEntityHasEquityInvestment
7
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
1316219000
CY2023Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax Current
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTaxCurrent
415000
CY2023Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax Current
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTaxCurrent
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
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CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
651628000
CY2023Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax Noncurrent
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTaxNoncurrent
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CY2023Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax Noncurrent
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTaxNoncurrent
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
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CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
35012000
CY2023Q4 ions Equity Securities Fv Ni Accumulated Gross Unrealized Gain
EquitySecuritiesFvNiAccumulatedGrossUnrealizedGain
25237000
CY2023Q4 ions Equity Securities Fv Ni Accumulated Gross Unrealized Loss
EquitySecuritiesFvNiAccumulatedGrossUnrealizedLoss
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CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
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CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
1223522000
CY2022Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax Current
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTaxCurrent
64000
CY2022Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax Current
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTaxCurrent
12018000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1211568000
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
525314000
CY2022Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax Noncurrent
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTaxNoncurrent
130000
CY2022Q4 ions Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax Noncurrent
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTaxNoncurrent
15621000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
509823000
CY2022Q4 ions Equity Securities Fv Ni Accumulated Gross Unrealized Loss
EquitySecuritiesFvNiAccumulatedGrossUnrealizedLoss
1358000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1847000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2023Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
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CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
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CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
33714000
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
7295000
CY2023Q4 ions Long Term Obligations
LongTermObligations
1922943000
CY2022Q4 ions Long Term Obligations
LongTermObligations
1369195000
CY2023Q4 ions Long Term Obligations Current
LongTermObligationsCurrent
8831000
CY2022Q4 ions Long Term Obligations Current
LongTermObligationsCurrent
7535000
CY2023Q4 ions Long Term Obligations Noncurrent
LongTermObligationsNoncurrent
1914112000
CY2022 ions Number Of Purchase And Sale Agreements Entered Into With Real Estate Investor
NumberOfPurchaseAndSaleAgreementsEnteredIntoWithRealEstateInvestor
2
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
55298000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10657000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
643157000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
10509000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
580277000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
8462000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
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CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
47138000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
20061000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1241004000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
171900000
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.069
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4000000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20645000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
170875000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
23100000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
8300000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
3400000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-29966000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
742000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11737000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32321000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-13622000
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.147
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-22000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-49000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
143000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.005
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
175388000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.525
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
104951000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.407
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2885000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.099
CY2023 ions Effective Income Tax Rate Reconciliation Nondeductible Expense Loss On Debt Transactions Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLossOnDebtTransactionsAmount
0
CY2023 ions Effective Income Tax Rate Reconciliation Nondeductible Expense Loss On Debt Transactions Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLossOnDebtTransactionsPercent
0
CY2022 ions Effective Income Tax Rate Reconciliation Nondeductible Expense Loss On Debt Transactions Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLossOnDebtTransactionsAmount
0
CY2022 ions Effective Income Tax Rate Reconciliation Nondeductible Expense Loss On Debt Transactions Percent
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Ionis Pharmaceuticals, Inc
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Use of Estimates</div> <div><br/> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">We prepare our consolidated financial statements in conformity with accounting principles generally accepted in the United States, or U.S., that require us to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. Actual results could differ from our estimates.</div>
CY2023 ions Number Of Significant Customers
NumberOfSignificantCustomers
1
CY2022 ions Number Of Significant Customers
NumberOfSignificantCustomers
1
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Concentration of Credit Risk</div> <div><br/> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash equivalents, short-term investments and receivables. We place our cash equivalents and short-term investments with reputable financial institutions. We primarily invest our excess cash in commercial paper and debt instruments of the U.S. Treasury, financial institutions, corporations, and U.S. government agencies with strong credit ratings and an investment grade rating at or above A-1, P-1 or F-1 by Moody’s, Standard &amp; Poor’s, or S&amp;P, or Fitch, respectively. We have established guidelines relative to diversification and maturities that maintain safety and liquidity. We periodically review and modify these guidelines to maximize trends in yields and interest rates without compromising safety and liquidity.</div>
CY2023Q4 us-gaap Inventory Net
InventoryNet
28425000
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
22794000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
19760000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5477000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2109000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
154000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
164000
CY2022Q4 us-gaap Inventory Net
InventoryNet
22033000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
96759000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
87716000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
71043000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
74294000
CY2023Q4 ions Accrued Clinical Development Expenses
AccruedClinicalDevelopmentExpenses
105967000
CY2022Q4 ions Accrued Clinical Development Expenses
AccruedClinicalDevelopmentExpenses
116460000
CY2023Q4 ions Accrued In Licensing Fees Current
AccruedInLicensingFeesCurrent
7454000
CY2022Q4 ions Accrued In Licensing Fees Current
AccruedInLicensingFeesCurrent
7945000
CY2023Q4 ions Accrued Commercial Expenses Current
AccruedCommercialExpensesCurrent
4875000
CY2022Q4 ions Accrued Commercial Expenses Current
AccruedCommercialExpensesCurrent
3498000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
29598000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12198000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
147894000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
140101000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
787647000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
587367000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
810456000
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1748836000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
194000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
27639000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1721391000
CY2022Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
35012000
CY2022Q4 ions Equity Securities Fv Ni Accumulated Gross Unrealized Gain
EquitySecuritiesFvNiAccumulatedGrossUnrealizedGain
17257000
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
50911000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
455
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
857398000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
331848000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4588000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
1189246000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
6435000
CY2023Q4 ions Liability Related To Sale Of Future Royalties Net
LiabilityRelatedToSaleOfFutureRoyaltiesNet
513736000
CY2022Q4 ions Liability Related To Sale Of Future Royalties Net
LiabilityRelatedToSaleOfFutureRoyaltiesNet
0
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
179000000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
20100000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
3300000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
20398000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20781000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
20800000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
20774000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
176138000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
279536000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
100567000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8094000
CY2023Q1 ions Upfront Royalty Payment Received
UpfrontRoyaltyPaymentReceived
500000000
CY2023Q1 ions Maximum Amount Of Payments Receivable For Additional Milestones
MaximumAmountOfPaymentsReceivableForAdditionalMilestones
625000000
CY2023Q1 ions Upfront Royalty Payment Received
UpfrontRoyaltyPaymentReceived
500000000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
120678000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
35861000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10522000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-200000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-3687000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1129000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-690000
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
147000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
86000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
339000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
32321000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4278000
CY2022 ions Effective Income Tax Rate Reconciliation Nondeductible Expense Excess Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExcessCompensationPercent
-0.012
CY2021 ions Effective Income Tax Rate Reconciliation Nondeductible Expense Excess Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExcessCompensationAmount
5085000
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
327000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
57000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
7493000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
EffectiveIncomeTaxRateReconciliationFdiiPercent
-0.022
CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
EffectiveIncomeTaxRateReconciliationFdiiPercent
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
EffectiveIncomeTaxRateReconciliationFdiiPercent
0
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1503000
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.019
CY2023Q4 ions Deferred Tax Assets Sale Of Future Royalties
DeferredTaxAssetsSaleOfFutureRoyalties
144608000
CY2022Q4 ions Deferred Tax Assets Sale Of Future Royalties
DeferredTaxAssetsSaleOfFutureRoyalties
0
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1910000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
977630000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
808722000
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
14993000
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-9263000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-52430000

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