2023 Q4 Form 10-Q Financial Statement

#000095017023060253 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $58.47M $51.25M $32.83M
YoY Change 62.16% 56.14% 47.79%
Cost Of Revenue $18.07M $3.995M $5.021M
YoY Change 12.05% -20.43% -49.22%
Gross Profit $40.41M $47.26M $27.80M
YoY Change 102.68% 69.97% 125.61%
Gross Profit Margin 69.1% 92.21% 84.7%
Selling, General & Admin $20.54M $23.98M $22.64M
YoY Change -7.06% 5.92% 31.46%
% of Gross Profit 50.82% 50.74% 81.42%
Research & Development $9.236M $9.989M $4.136M
YoY Change 29.07% 141.51% 13.16%
% of Gross Profit 22.86% 21.14% 14.88%
Depreciation & Amortization $1.225M $1.117M $952.0K
YoY Change -24.38% 17.33% 87.4%
% of Gross Profit 3.03% 2.36% 3.42%
Operating Expenses $29.77M $14.25M $17.46M
YoY Change 1.78% -18.36% -16.36%
Operating Profit $10.63M $5.097M -$9.610M
YoY Change -214.15% -153.04% 12.37%
Interest Expense -$7.508M $2.815M -$2.816M
YoY Change -14.06% -199.96% 302.86%
% of Operating Profit -70.6% 55.23%
Other Income/Expense, Net -$164.0K -$3.376M -$4.822M
YoY Change -256.19% -29.99% -482300.0%
Pretax Income $2.962M $1.721M -$14.43M
YoY Change -116.5% -111.92% 226.07%
Income Tax $1.561M $0.00 $0.00
% Of Pretax Income 52.7% 0.0%
Net Earnings $1.401M $1.721M -$14.43M
YoY Change -107.81% -111.92% 226.07%
Net Earnings / Revenue 2.4% 3.36% -43.97%
Basic Earnings Per Share $0.01 -$0.06
Diluted Earnings Per Share $0.01 $0.01 -$0.06
COMMON SHARES
Basic Shares Outstanding 269.6M 268.4M 259.3M
Diluted Shares Outstanding 323.8M 259.3M

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $295.1M $141.0M $165.0M
YoY Change 72.73% -14.57% 18.69%
Cash & Equivalents $238.5M $83.02M $54.30M
Short-Term Investments $56.62M $58.00M $110.7M
Other Short-Term Assets $34.85M $35.60M $11.57M
YoY Change 36.78% 207.72% 258.51%
Inventory $28.55M $27.12M $18.27M
Prepaid Expenses
Receivables $14.90M $21.82M $23.49M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $373.4M $225.6M $218.4M
YoY Change 58.96% 3.29% 37.17%
LONG-TERM ASSETS
Property, Plant & Equipment $84.22M $80.41M $41.18M
YoY Change 86.63% 95.26% 33.5%
Goodwill $1.900M $1.900M $3.100M
YoY Change -20.83% -38.71%
Intangibles $1.073M $1.093M $1.169M
YoY Change -6.94% -6.5%
Long-Term Investments $7.155M $3.300M $12.73M
YoY Change 264.86% -74.07% -69.74%
Other Assets $7.426M $8.047M $17.31M
YoY Change -23.59% -53.51% 184.05%
Total Long-Term Assets $101.8M $94.75M $75.46M
YoY Change 68.59% 25.57% -4.49%
TOTAL ASSETS
Total Short-Term Assets $373.4M $225.6M $218.4M
Total Long-Term Assets $101.8M $94.75M $75.46M
Total Assets $475.2M $320.3M $293.8M
YoY Change 60.93% 9.02% 23.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.580M $16.75M $9.871M
YoY Change -13.32% 69.73% 3.6%
Accrued Expenses $42.04M $32.10M $30.35M
YoY Change 18.23% 5.76% 45.71%
Deferred Revenue $9.085M $3.670M $1.786M
YoY Change 424.24% 105.49% -87.26%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $39.57M $29.70M $9.525M
YoY Change 313.64% 211.81%
Total Short-Term Liabilities $104.1M $96.37M $59.60M
YoY Change 54.73% 61.71% 19.12%
LONG-TERM LIABILITIES
Long-Term Debt $479.1M $347.6M $367.5M
YoY Change 30.18% -5.42% 30.91%
Other Long-Term Liabilities $138.2M $128.1M $104.4M
YoY Change 25.01% 22.68% 1985.38%
Total Long-Term Liabilities $617.2M $475.7M $471.9M
YoY Change 28.99% 0.8% 9325.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.1M $96.37M $59.60M
Total Long-Term Liabilities $617.2M $475.7M $471.9M
Total Liabilities $721.4M $572.1M $531.5M
YoY Change 32.16% 7.64% 865.69%
SHAREHOLDERS EQUITY
Retained Earnings -$3.229B -$3.231B -$3.200B
YoY Change 0.37% 0.96% 3.23%
Common Stock $2.983B $2.979B $2.963B
YoY Change 0.55% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$246.2M -$251.8M -$237.7M
YoY Change
Total Liabilities & Shareholders Equity $475.2M $320.3M $293.8M
YoY Change 60.93% 9.02% 23.35%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $1.401M $1.721M -$14.43M
YoY Change -107.81% -111.92% 226.07%
Depreciation, Depletion And Amortization $1.225M $1.117M $952.0K
YoY Change -24.38% 17.33% 87.4%
Cash From Operating Activities $21.68M $8.670M -$28.07M
YoY Change -1012.37% -130.88% 84.89%
INVESTING ACTIVITIES
Capital Expenditures $5.874M $11.39M -$271.0K
YoY Change 15.27% -4302.95% -93.62%
Acquisitions
YoY Change
Other Investing Activities -$2.021M -$170.0K $27.62M
YoY Change -110.05% -100.62% 198.97%
Cash From Investing Activities -$7.895M -$11.55M $27.35M
YoY Change -152.6% -142.23% 447.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 141.7M -280.0K 19.53M
YoY Change 4915.26% -101.43% -3409.49%
NET CHANGE
Cash From Operating Activities 21.68M 8.670M -28.07M
Cash From Investing Activities -7.895M -11.55M 27.35M
Cash From Financing Activities 141.7M -280.0K 19.53M
Net Change In Cash 155.5M -3.160M 18.80M
YoY Change 905.65% -116.81% -274.37%
FREE CASH FLOW
Cash From Operating Activities $21.68M $8.670M -$28.07M
Capital Expenditures $5.874M $11.39M -$271.0K
Free Cash Flow $15.80M -$2.720M -$27.80M
YoY Change -311.51% -90.22% 154.18%

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PreferredStockParOrStatedValuePerShare
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CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q3 us-gaap Common Stock Shares Authorized
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800000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
269543539
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2023Q3 us-gaap Common Stock Value
CommonStockValue
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CY2022Q4 us-gaap Common Stock Value
CommonStockValue
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CY2023Q3 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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CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 mnkd Stock Issued During Period Value Stock Options And Restricted Stock Units Net Of Forfeitures
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CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2806000
CY2022Q1 mnkd Stock Issued During Period Value Market Price Stock Purchase Plan
StockIssuedDuringPeriodValueMarketPriceStockPurchasePlan
684000
CY2022Q1 mnkd Cumulative Gain Loss On Available For Sale Securities
CumulativeGainLossOnAvailableForSaleSecurities
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 mnkd Stock Issued During Period Value Stock Options And Restricted Stock Units Net Of Forfeitures
StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockUnitsNetOfForfeitures
-377000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4422000
CY2022Q2 mnkd Cumulative Gain Loss On Available For Sale Securities
CumulativeGainLossOnAvailableForSaleSecurities
-130000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q3 us-gaap Stock Issued During Period Value New Issues
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19790000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
381000
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
873000
CY2022Q3 mnkd Stock Issued During Period Value Stock Options And Restricted Stock Units Net Of Forfeitures
StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockUnitsNetOfForfeitures
-192000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3622000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-14432000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-237677000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
24000
CY2023Q1 mnkd Stock Issued During Period Value Stock Options And Restricted Stock Units Net Of Forfeitures
StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockUnitsNetOfForfeitures
52000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3655000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-9795000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-255396000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
17000
CY2023Q2 mnkd Stock Issued During Period Value Stock Options And Restricted Stock Units Net Of Forfeitures
StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockUnitsNetOfForfeitures
-8544000
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
923000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5580000
CY2023Q2 mnkd Stock Issued During Period Value Market Price Stock Purchase Plan
StockIssuedDuringPeriodValueMarketPriceStockPurchasePlan
152000
CY2023Q2 mnkd Cumulative Gain Loss On Available For Sale Securities
CumulativeGainLossOnAvailableForSaleSecurities
443000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4105000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
67000
CY2023Q3 mnkd Stock Issued During Period Value Stock Options And Restricted Stock Units Net Of Forfeitures
StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockUnitsNetOfForfeitures
-1708000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4601000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1721000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-251779000
us-gaap Profit Loss
ProfitLoss
-13339000
us-gaap Profit Loss
ProfitLoss
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us-gaap Share Based Compensation
ShareBasedCompensation
13836000
us-gaap Share Based Compensation
ShareBasedCompensation
10850000
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
3659000
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1368000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3310000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2308000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1570000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1567000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
978000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2655000
mnkd Non Cash Interest Expense On Financing Liability
NonCashInterestExpenseOnFinancingLiability
26000
mnkd Non Cash Interest Expense On Financing Liability
NonCashInterestExpenseOnFinancingLiability
3357000
us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
932000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
860000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
8285000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
433000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-629000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5021000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18499000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9004000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1337000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8516000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8087000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
35000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
568000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5702000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2916000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3824000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
835000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
33722000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
13412000
mnkd Increase Decrease In Recognized Loss On Purchase Commitments
IncreaseDecreaseInRecognizedLossOnPurchaseCommitments
-6810000
mnkd Increase Decrease In Recognized Loss On Purchase Commitments
IncreaseDecreaseInRecognizedLossOnPurchaseCommitments
-4306000
mnkd Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-1778000
mnkd Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-2985000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-4950000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12416000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-78303000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
92608000
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
82584000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
50516000
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
70128000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36567000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2493000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15099000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
382000
mnkd Purchase Of Available For Sale Securities
PurchaseOfAvailableForSaleSecurities
5000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5907000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10136000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1075000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
684000
mnkd Payments For Taxes Related To Net Issuance Of Common Stock Associated With Restricted Stock Units And Stock Options
PaymentsForTaxesRelatedToNetIssuanceOfCommonStockAssociatedWithRestrictedStockUnitsAndStockOptions
10200000
mnkd Payments For Taxes Related To Net Issuance Of Common Stock Associated With Restricted Stock Units And Stock Options
PaymentsForTaxesRelatedToNetIssuanceOfCommonStockAssociatedWithRestrictedStockUnitsAndStockOptions
440000
mnkd Payment On Financing Liability
PaymentOnFinancingLiability
137000
mnkd Payment On Financing Liability
PaymentOnFinancingLiability
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mnkd Milestone Payments
MilestonePayments
924000
mnkd Milestone Payments
MilestonePayments
1088000
mnkd Payment On Mid Cap Credit Facility
PaymentOnMidCapCreditFacility
1667000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5074000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18563000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13249000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-69876000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
69767000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124184000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
83016000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
54308000
us-gaap Interest Paid Net
InterestPaidNet
7978000
us-gaap Interest Paid Net
InterestPaidNet
5143000
mnkd Reclassification Of Credit Facility From Long Term To Current
ReclassificationOfCreditFacilityFromLongTermToCurrent
21667000
mnkd Reclassification Of Investments From Long Term To Current
ReclassificationOfInvestmentsFromLongTermToCurrent
5085000
mnkd Reclassification Of Investments From Long Term To Current
ReclassificationOfInvestmentsFromLongTermToCurrent
72090000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2490000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1433000
mnkd Right Of Use Assets Modification
RightOfUseAssetsModification
728000
mnkd Right Of Use Assets Modification
RightOfUseAssetsModification
3794000
mnkd Goodwill Adjustment For A Net Reduction In Liabilities
GoodwillAdjustmentForANetReductionInLiabilities
497000
mnkd Payments On Debt And Interest Through Common Stock Issuance
PaymentsOnDebtAndInterestThroughCommonStockIssuance
165000
mnkd Payments On Debt And Interest Through Common Stock Issuance
PaymentsOnDebtAndInterestThroughCommonStockIssuance
10215000
mnkd Common Stock Issuance To Settle Employee Stock Purchase Plan Liability
CommonStockIssuanceToSettleEmployeeStockPurchasePlanLiability
1613000
mnkd Addition Of Right Of Use Assets
AdditionOfRightOfUseAssets
1812000
mnkd Contingent Milestone Liability
ContingentMilestoneLiability
610000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> — Certain prior year reported amounts have been reclassified to conform with the current year presentation. Changes were made to the condensed consolidated statements of cash flows to present the amortization of debt discount and issuance costs separately; disclose net investment accretion under other, net; and present non-cash interest on financing liability on a net basis within cash flows from operations. In addition, changes were made to the condensed consolidated statements of operations to present selling expenses separately from general and administrative expenses.</span></p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
51253000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32825000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
140490000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63711000
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
14254000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
17460000
us-gaap Operating Expenses
OperatingExpenses
44704000
us-gaap Operating Expenses
OperatingExpenses
41373000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> — Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents and investments. Cash and cash equivalents are held in high credit quality institutions. Cash equivalents consist of interest-bearing money market funds and U.S. Treasury securities with original or remaining maturities of 90 days or less at the time of purchase. Investments generally consist of commercial paper, corporate notes or bonds and U.S. Treasury securities. The cash equivalents and investments are regularly monitored by management.</span></p>
CY2022Q3 mnkd Amortization On Investments
AmortizationOnInvestments
200000
CY2023Q3 mnkd Milestone Rights Payment
MilestoneRightsPayment
5000000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0725
CY2023Q3 mnkd Interest And Dividend Income Debt Securities Available For Sale
InterestAndDividendIncomeDebtSecuritiesAvailableForSale
100000
mnkd Interest And Dividend Income Debt Securities Available For Sale
InterestAndDividendIncomeDebtSecuritiesAvailableForSale
400000
CY2022Q3 mnkd Interest And Dividend Income Debt Securities Available For Sale
InterestAndDividendIncomeDebtSecuritiesAvailableForSale
100000
mnkd Interest And Dividend Income Debt Securities Available For Sale
InterestAndDividendIncomeDebtSecuritiesAvailableForSale
400000
CY2023Q3 us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
1000000
us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
3200000
CY2023Q3 mnkd Amortization On Investments
AmortizationOnInvestments
500000
mnkd Amortization On Investments
AmortizationOnInvestments
900000
CY2022Q3 us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
700000
us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
1600000
mnkd Amortization On Investments
AmortizationOnInvestments
600000
CY2023Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
126616000
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
126603000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
152862000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
156976000
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
3271000
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
3258000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
1961000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1948000
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
129887000
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue
129861000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
154823000
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue
158924000
CY2022Q4 mnkd Accrued Interest Receivable
AccruedInterestReceivable
600000
CY2022Q4 mnkd Amount Receivable On Matured Investment
AmountReceivableOnMaturedInvestment
5100000
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
21822000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
16801000
mnkd Number Of Wholesale Distributors
NumberOfWholesaleDistributors
3
CY2023Q3 mnkd Percentage Of Sales From Major Customers
PercentageOfSalesFromMajorCustomers
0.71
mnkd Percentage Of Sales From Major Customers
PercentageOfSalesFromMajorCustomers
0.71
CY2022 mnkd Number Of Wholesale Distributors
NumberOfWholesaleDistributors
3
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2023Q3 mnkd Percentage Of Revenue From Major Customers Collaborations And Services
PercentageOfRevenueFromMajorCustomersCollaborationsAndServices
1
mnkd Percentage Of Revenue From Major Customers Collaborations And Services
PercentageOfRevenueFromMajorCustomersCollaborationsAndServices
1
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
6020000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5739000
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
12300000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
13815000
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8797000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2218000
CY2023Q3 us-gaap Inventory Net
InventoryNet
27117000
CY2022Q4 us-gaap Inventory Net
InventoryNet
21772000
CY2023Q3 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
300000
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
3700000
CY2022Q3 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
900000
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1400000
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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us-gaap Debt Instrument Frequency Of Periodic Payment
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CY2019Q3 us-gaap Debt Instrument Maturity Date
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CY2021Q2 us-gaap Debt Instrument Maturity Date
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CY2022Q3 mnkd Amortization Of Debt Discount
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mnkd Amortization Of Debt Discount
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mnkd Amortization Of Debt Discount
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CY2023Q3 us-gaap Amortization Of Financing Costs
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CY2022Q3 us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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CY2023Q2 us-gaap Common Stock Shares Authorized
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CY2023Q3 us-gaap Common Stock Shares Authorized
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CY2023Q3 us-gaap Common Stock Shares Authorized
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2023Q3 us-gaap Preferred Stock Shares Outstanding
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Net Income Loss Attributable To Parent Diluted
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3578000
CY2022Q3 us-gaap Net Income Loss Attributable To Parent Diluted
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us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
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us-gaap Net Income Loss Attributable To Parent Diluted
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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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259300000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266126000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2023Q3 mnkd Finance Lease Liability Discounted Payments Due Year Four
FinanceLeaseLiabilityDiscountedPaymentsDueYearFour
10849000
CY2023Q3 mnkd Finance Lease Liability Discounted Payments Due After Year Four
FinanceLeaseLiabilityDiscountedPaymentsDueAfterYearFour
188453000
CY2023Q3 mnkd Finance Lease Liability Discounted Payments Due
FinanceLeaseLiabilityDiscountedPaymentsDue
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4601000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3622000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
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CY2023Q3 us-gaap Finance Lease Liability Current
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9700000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
104100000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
94500000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
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us-gaap Finance Lease Interest Payment On Liability
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7200000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3800000
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P18Y1M6D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P18Y9M18D
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.09
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2023Q3 mnkd Interest Expense On Financing Liability
InterestExpenseOnFinancingLiability
2459000
CY2022Q3 mnkd Interest Expense On Financing Liability
InterestExpenseOnFinancingLiability
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mnkd Interest Expense On Financing Liability
InterestExpenseOnFinancingLiability
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mnkd Interest Expense On Financing Liability
InterestExpenseOnFinancingLiability
7280000
CY2023Q3 mnkd Finance Lease Liability Discounted Payments Due Remainder Of Fiscal Year
FinanceLeaseLiabilityDiscountedPaymentsDueRemainderOfFiscalYear
2470000
CY2023Q3 mnkd Finance Lease Liability Discounted Payments Due Next Twelve Months
FinanceLeaseLiabilityDiscountedPaymentsDueNextTwelveMonths
10018000
CY2023Q3 mnkd Finance Lease Liability Discounted Payments Due Year Two
FinanceLeaseLiabilityDiscountedPaymentsDueYearTwo
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CY2023Q3 mnkd Finance Lease Liability Discounted Payments Due Year Three
FinanceLeaseLiabilityDiscountedPaymentsDueYearThree
10533000
CY2023Q3 mnkd Finance Lease Liability Discounted Excess Amount
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125743000
CY2023Q3 mnkd Finance Lease Liability Discounted Debt Issuance Costs
FinanceLeaseLiabilityDiscountedDebtIssuanceCosts
2727000
CY2023Q3 mnkd Finance Lease Liability Discounted
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CY2023Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
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2400000
CY2023Q3 us-gaap Purchase Obligation Due In Next Twelve Months
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CY2023Q3 us-gaap Purchase Obligation Due In Second Year
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CY2023Q3 us-gaap Purchase Obligation Due In Third Year
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19400000
CY2023Q3 us-gaap Purchase Obligation Due In Fourth Year
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9200000
mnkd Long Term Purchase Commitment Expiration Date
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2027-12-31
mnkd Longterm Purchase Commitment Renewal Time Period
LongtermPurchaseCommitmentRenewalTimePeriod
P2Y
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5008000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6714000
CY2023Q3 us-gaap Operating Lease Liability Current
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1181000
CY2022Q4 us-gaap Operating Lease Liability Current
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1304000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
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4289000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5343000
CY2023Q3 us-gaap Operating Lease Liability
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5470000
CY2022Q4 us-gaap Operating Lease Liability
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6647000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.073
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.073
CY2023Q3 us-gaap Operating Lease Cost
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422000
CY2022Q3 us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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1253000
us-gaap Operating Lease Cost
OperatingLeaseCost
1037000
CY2023Q3 us-gaap Variable Lease Cost
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48000
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
76000
us-gaap Variable Lease Cost
VariableLeaseCost
97000
us-gaap Variable Lease Cost
VariableLeaseCost
235000
CY2023Q3 us-gaap Operating Lease Payments
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268000
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
441000
us-gaap Operating Lease Payments
OperatingLeasePayments
825000
us-gaap Operating Lease Payments
OperatingLeasePayments
1328000
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0

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