2020 Q1 Form 10-Q Financial Statement

#000123252420000034 Filed on May 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $534.7M $508.2M
YoY Change 5.22% 14.3%
Cost Of Revenue $28.70M $33.50M
YoY Change -14.33% -1.18%
Gross Profit $501.5M $469.8M
YoY Change 6.75% 15.46%
Gross Profit Margin 93.8% 92.45%
Selling, General & Admin $208.4M $167.9M
YoY Change 24.09% -18.95%
% of Gross Profit 41.55% 35.75%
Research & Development $86.11M $60.11M
YoY Change 43.26% -4.09%
% of Gross Profit 17.17% 12.79%
Depreciation & Amortization $4.527M $3.539M
YoY Change 27.92% -4.92%
% of Gross Profit 0.9% 0.75%
Operating Expenses $294.5M $228.1M
YoY Change 29.14% -36.09%
Operating Profit -$189.7M $133.7M
YoY Change -241.82% 52.31%
Interest Expense -$18.50M -$17.92M
YoY Change 3.2% -13.02%
% of Operating Profit -13.4%
Other Income/Expense, Net
YoY Change
Pretax Income -$209.3M $115.2M
YoY Change -281.67% 75.96%
Income Tax -$51.30M $29.10M
% Of Pretax Income 25.26%
Net Earnings -$157.8M $85.20M
YoY Change -285.25% 85.26%
Net Earnings / Revenue -29.52% 16.77%
Basic Earnings Per Share -$2.82 $1.49
Diluted Earnings Per Share -$2.82 $1.47
COMMON SHARES
Basic Shares Outstanding 55.96M shares 57.21M shares
Diluted Shares Outstanding 55.96M shares 58.08M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $981.6M $832.5M
YoY Change 17.91% 17.55%
Cash & Equivalents $701.6M $547.5M
Short-Term Investments $755.3M $640.1M
Other Short-Term Assets $94.30M $62.99M
YoY Change 49.72% 0.19%
Inventory $85.61M $60.71M
Prepaid Expenses $38.82M $28.97M
Receivables $317.3M $320.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.518B $1.306B
YoY Change 16.24% 15.92%
LONG-TERM ASSETS
Property, Plant & Equipment $129.6M $105.0M
YoY Change 23.44% -41.34%
Goodwill $909.2M $920.0M
YoY Change -1.17% -4.22%
Intangibles $2.239B $2.679B
YoY Change -16.45% -9.27%
Long-Term Investments
YoY Change
Other Assets $47.11M $40.74M
YoY Change 15.64% 77.23%
Total Long-Term Assets $3.698B $3.975B
YoY Change -6.97% -4.47%
TOTAL ASSETS
Total Short-Term Assets $1.518B $1.306B
Total Long-Term Assets $3.698B $3.975B
Total Assets $5.215B $5.280B
YoY Change -1.23% -0.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.31M $42.67M
YoY Change 55.4% -9.09%
Accrued Expenses $261.0M $273.1M
YoY Change -4.4% 13.51%
Deferred Revenue $4.176M $4.720M
YoY Change -11.53% -37.05%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $33.39M $33.39M
YoY Change 0.0% -26.0%
Total Short-Term Liabilities $396.1M $414.0M
YoY Change -4.32% 10.22%
LONG-TERM LIABILITIES
Long-Term Debt $1.577B $1.565B
YoY Change 0.75% 1.84%
Other Long-Term Liabilities $117.3M $105.3M
YoY Change 11.39% -45.23%
Total Long-Term Liabilities $1.694B $1.671B
YoY Change 1.42% -3.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $396.1M $414.0M
Total Long-Term Liabilities $1.694B $1.671B
Total Liabilities $2.090B $2.085B
YoY Change 0.28% -0.96%
SHAREHOLDERS EQUITY
Retained Earnings $770.9M $845.9M
YoY Change -8.86% -7.82%
Common Stock $2.294B $2.131B
YoY Change 7.68% 8.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.809B $2.730B
YoY Change
Total Liabilities & Shareholders Equity $5.215B $5.280B
YoY Change -1.23% -0.13%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$157.8M $85.20M
YoY Change -285.25% 85.26%
Depreciation, Depletion And Amortization $4.527M $3.539M
YoY Change 27.92% -4.92%
Cash From Operating Activities $273.0M $202.3M
YoY Change 34.96% 20.85%
INVESTING ACTIVITIES
Capital Expenditures $4.830M $7.948M
YoY Change -39.23% -211.94%
Acquisitions
YoY Change
Other Investing Activities $160.0M $230.0M
YoY Change -30.43% -611.11%
Cash From Investing Activities -$60.08M $166.1M
YoY Change -136.18% -418.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $139.1M $111.2M
YoY Change 24.99% 222.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$147.7M -$130.3M
YoY Change 13.3% 173.99%
NET CHANGE
Cash From Operating Activities $273.0M $202.3M
Cash From Investing Activities -$60.08M $166.1M
Cash From Financing Activities -$147.7M -$130.3M
Net Change In Cash $64.26M $237.8M
YoY Change -72.98% 254.28%
FREE CASH FLOW
Cash From Operating Activities $273.0M $202.3M
Capital Expenditures $4.830M $7.948M
Free Cash Flow $268.1M $194.3M
YoY Change 38.0% 11.38%

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-1902000 USD
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
738000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-37861000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
56960000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10235000 USD
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8688000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17843000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
988000 USD
CY2020Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-323000 USD
CY2019Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-426000 USD
CY2020Q1 jazz Increase Decrease In Operating Lease Assets
IncreaseDecreaseInOperatingLeaseAssets
-3195000 USD
CY2019Q1 jazz Increase Decrease In Operating Lease Assets
IncreaseDecreaseInOperatingLeaseAssets
-2108000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
19604000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1554000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-12198000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3730000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
20829000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
39726000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1180000 USD
CY2019Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1874000 USD
CY2020Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
7316000 USD
CY2019Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
6773000 USD
CY2020Q1 jazz Increase Decrease In Operating Lease Liabilities Noncurrent
IncreaseDecreaseInOperatingLeaseLiabilitiesNoncurrent
-3906000 USD
CY2019Q1 jazz Increase Decrease In Operating Lease Liabilities Noncurrent
IncreaseDecreaseInOperatingLeaseLiabilitiesNoncurrent
856000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
272969000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
202253000 USD
CY2020Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
345000000 USD
CY2019Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
345000000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4830000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7948000 USD
CY2020Q1 jazz Paymentsto Acquire In Process Researchand Development Other Than Through Business Combination
PaymentstoAcquireInProcessResearchandDevelopmentOtherThanThroughBusinessCombination
202250000 USD
CY2019Q1 jazz Paymentsto Acquire In Process Researchand Development Other Than Through Business Combination
PaymentstoAcquireInProcessResearchandDevelopmentOtherThanThroughBusinessCombination
56000000 USD
CY2020Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13000000 USD
CY2019Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2020Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
185000000 USD
CY2019Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
115000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60080000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
166052000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
13264000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3057000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13547000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13810000 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
8347000 USD
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
8347000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
139053000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
111249000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-147683000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130349000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-948000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-112000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
64258000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
237844000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
637344000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
309622000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
701602000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
547466000 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:18px;text-indent:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures in the condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on assumptions believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.</span></div>
CY2020Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-top:18px;text-indent:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Risk</span></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to concentrations of credit risk consist of cash, cash equivalents, investments and derivative contracts. Our investment policy permits investments in U.S. federal government and federal agency securities, corporate bonds or commercial paper issued by U.S. corporations, money market instruments, certain qualifying money market mutual funds, certain repurchase agreements, and tax-exempt obligations of U.S. states, agencies and municipalities and places restrictions on credit ratings, maturities, and concentration by type and issuer. We are exposed to credit risk in the event of a default by the financial institutions holding our cash, cash equivalents and investments to the extent recorded on the balance sheet.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We manage our foreign currency transaction risk and interest rate risk within specified guidelines through the use of derivatives. All of our derivative instruments are utilized for risk management purposes, and we do not use derivatives for speculative trading purposes. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, we had foreign exchange forward contracts with notional amounts totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$225.4 million</span></span><span style="font-family:inherit;font-size:10pt;">. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, the outstanding foreign exchange forward contracts had a net liability fair value of </span><span style="font-family:inherit;font-size:10pt;"><span>$3.6 million</span></span><span style="font-family:inherit;font-size:10pt;">. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, we had interest rate swap contracts with notional amounts totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$300.0 million</span></span><span style="font-family:inherit;font-size:10pt;">. These outstanding interest rate swap contracts had a net liability fair value of </span><span style="font-family:inherit;font-size:10pt;"><span>$6.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> as of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">. The counterparties to these contracts are large multinational commercial banks, and we believe the risk of nonperformance is not significant.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are also subject to credit risk from our accounts receivable related to our product sales. We monitor our exposure within accounts receivable and record a reserve against uncollectible accounts receivable as necessary. We extend credit to pharmaceutical wholesale distributors and specialty pharmaceutical distribution companies, primarily in the U.S., and to other international distributors and hospitals. Customer creditworthiness is monitored and collateral is not required. We monitor deteriorating economic conditions in certain European countries which may result in variability of the timing of cash receipts and an increase in the average length of time that it takes to collect accounts receivable outstanding. Historically, we have not experienced significant credit losses on our accounts receivable and as of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, allowances on receivables were not material. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">two</span><span style="font-family:inherit;font-size:10pt;"> customers accounted for </span><span style="font-family:inherit;font-size:10pt;"><span>88%</span></span><span style="font-family:inherit;font-size:10pt;"> of gross accounts receivable, Express Scripts Specialty Distribution Services, Inc. and its affiliates, or ESSDS, which accounted for </span><span style="font-family:inherit;font-size:10pt;"><span>81%</span></span><span style="font-family:inherit;font-size:10pt;"> of gross accounts receivable, and McKesson Corporation and affiliates, or McKesson, which accounted for </span><span style="font-family:inherit;font-size:10pt;"><span>7%</span></span><span style="font-family:inherit;font-size:10pt;"> of gross accounts receivable. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">two</span><span style="font-family:inherit;font-size:10pt;"> customers accounted for </span><span style="font-family:inherit;font-size:10pt;"><span>89%</span></span><span style="font-family:inherit;font-size:10pt;"> of gross accounts receivable, ESSDS, which accounted for </span><span style="font-family:inherit;font-size:10pt;"><span>77%</span></span><span style="font-family:inherit;font-size:10pt;"> of gross accounts receivable, and McKesson, which accounted for </span><span style="font-family:inherit;font-size:10pt;"><span>12%</span></span><span style="font-family:inherit;font-size:10pt;"> of gross accounts receivable. </span></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We depend on single source suppliers for most of our products, product candidates and their active pharmaceutical ingredients, or APIs. With respect to Xyrem, the API is manufactured for us by a single source supplier and the finished product is manufactured both by us in our facility in Athlone, Ireland and by our U.S.-based Xyrem supplier.</span></div>
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
981602000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
981602000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
701602000 USD
CY2020Q1 us-gaap Investments
Investments
280000000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1077344000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1077344000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
637344000 USD
CY2019Q4 us-gaap Investments
Investments
440000000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
4400000 USD
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
4800000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4500000 USD
CY2020Q1 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
316000 USD
CY2020Q1 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
10110000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
2508000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
1697000 USD
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
13901000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
13595000 USD
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
37689000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
34020000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
28355000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
85610000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
78608000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
920018000 USD
CY2020Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10792000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
909226000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3167245000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
928587000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2238658000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
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3292501000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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990850000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2301651000 USD
CY2020Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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3167245000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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159167000 USD
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CY2020Q1 us-gaap Finite Lived Intangible Assets Net
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2238658000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
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185005000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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186763000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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55443000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
55257000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
129562000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2020Q1 jazz Accrued Rebates And Other Sales Deductions
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CY2019Q4 jazz Accrued Rebates And Other Sales Deductions
AccruedRebatesAndOtherSalesDeductions
96860000 USD
CY2020Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
52080000 USD
CY2019Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
80290000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
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12357000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12728000 USD
CY2020Q1 us-gaap Derivative Liabilities Current
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8663000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1037000 USD
CY2020Q1 us-gaap Accrued Marketing Costs Current
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8443000 USD
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
11299000 USD
CY2020Q1 jazz Accrued Inventory Related Liabilities
AccruedInventoryRelatedLiabilities
7706000 USD
CY2019Q4 jazz Accrued Inventory Related Liabilities
AccruedInventoryRelatedLiabilities
7816000 USD
CY2020Q1 jazz Sales Return Reserve
SalesReturnReserve
4519000 USD
CY2019Q4 jazz Sales Return Reserve
SalesReturnReserve
3462000 USD
CY2020Q1 jazz Accrued Collaboration Costs Current
AccruedCollaborationCostsCurrent
3865000 USD
CY2019Q4 jazz Accrued Collaboration Costs Current
AccruedCollaborationCostsCurrent
2494000 USD
CY2020Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3495000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
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4718000 USD
CY2020Q1 us-gaap Accrued Royalties Current
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2654000 USD
CY2019Q4 us-gaap Accrued Royalties Current
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6931000 USD
CY2020Q1 jazz Accrued Interest
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2520000 USD
CY2019Q4 jazz Accrued Interest
AccruedInterest
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CY2020Q1 jazz Accrued Clinical Trial Liability
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2473000 USD
CY2019Q4 jazz Accrued Clinical Trial Liability
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2551000 USD
CY2020Q1 jazz Accrued Construction In Progress
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256000 USD
CY2019Q4 jazz Accrued Construction In Progress
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1564000 USD
CY2020Q1 us-gaap Other Accrued Liabilities Current
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30641000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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28737000 USD
CY2020Q1 us-gaap Accrued Liabilities Current
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261041000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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267873000 USD
CY2020Q1 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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CY2020Q1 us-gaap Long Term Debt Current
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33387000 USD
CY2019Q4 us-gaap Long Term Debt Current
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33387000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
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1576984000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1573870000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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25040000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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608387000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
33387000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
517494000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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575000000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
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CY2020Q1 us-gaap Operating Lease Cost
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5290000 USD
CY2019Q1 us-gaap Operating Lease Cost
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5870000 USD
CY2020Q1 us-gaap Short Term Lease Cost
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870000 USD
CY2019Q1 us-gaap Short Term Lease Cost
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601000 USD
CY2020Q1 us-gaap Variable Lease Cost
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1000 USD
CY2019Q1 us-gaap Variable Lease Cost
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3000 USD
CY2020Q1 us-gaap Sublease Income
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157000 USD
CY2019Q1 us-gaap Sublease Income
SubleaseIncome
162000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
6004000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
6312000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
135976000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
139385000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12357000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12728000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
147110000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
151226000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
159467000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
163954000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y8M12D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
6215000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4576000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
201000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
151029000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
15097000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
21023000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
21044000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21368000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
23711000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
104655000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
206898000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
47431000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
159467000 USD
CY2020Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
90500000 USD
CY2020Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-34190000 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-147000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-34043000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-157833000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
85201000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55956000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57206000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
875000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55956000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58081000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.82
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.49
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.82
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
534726000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
508186000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
534726000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
508186000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9581000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1180000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8401000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28654000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27552000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3746000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3667000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
24908000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
23885000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-51300000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29100000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.253

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