2020 Q4 Form 10-K Financial Statement

#000091447521000020 Filed on February 05, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $247.9M $258.5M $302.4M
YoY Change 1.56% 16.39% 64.8%
Cost Of Revenue $2.900M $2.700M $2.400M
YoY Change 16.0% 22.73% 50.0%
Gross Profit $245.0M $255.8M $300.0M
YoY Change 1.45% 16.33% 64.93%
Gross Profit Margin 98.83% 98.96% 99.21%
Selling, General & Admin $106.5M $112.5M $96.50M
YoY Change 5.24% 33.14% 19.43%
% of Gross Profit 43.47% 43.98% 32.17%
Research & Development $66.70M $69.10M $80.90M
YoY Change 20.4% 52.54% 31.15%
% of Gross Profit 27.22% 27.01% 26.97%
Depreciation & Amortization $2.200M $2.200M $2.100M
YoY Change 4.76% 10.0% 16.67%
% of Gross Profit 0.9% 0.86% 0.7%
Operating Expenses $176.1M $302.8M $225.8M
YoY Change -9.83% 129.39% 51.44%
Operating Profit $68.90M -$44.30M $76.60M
YoY Change 49.13% -149.17% 122.67%
Interest Expense -$11.70M $8.500M $8.300M
YoY Change 15.84% 6.25% 5.06%
% of Operating Profit -16.98% 10.84%
Other Income/Expense, Net -$12.80M $6.600M
YoY Change -59.62% -62.71%
Pretax Income $41.70M -$57.10M $83.20M
YoY Change 8.03% -197.77% 59.69%
Income Tax -$306.2M $500.0K $3.600M
% Of Pretax Income -734.29% 4.33%
Net Earnings $347.9M -$57.60M $79.60M
YoY Change 923.24% -207.06% 55.17%
Net Earnings / Revenue 140.34% -22.28% 26.32%
Basic Earnings Per Share $3.72 -$0.62 $0.86
Diluted Earnings Per Share $3.58 -$0.62 $0.81
COMMON SHARES
Basic Shares Outstanding 93.50M shares 93.30M shares 93.00M shares
Diluted Shares Outstanding 97.20M shares 93.30M shares 98.20M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $801.0M $944.7M $948.3M
YoY Change 19.46% 40.97% 52.96%
Cash & Equivalents $187.1M $425.3M $415.1M
Short-Term Investments $613.9M $519.4M $533.2M
Other Short-Term Assets $30.10M $34.70M $27.50M
YoY Change 81.33% 51.17% 28.18%
Inventory $28.00M $20.60M $22.00M
Prepaid Expenses
Receivables $157.1M $156.9M $148.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.016B $1.157B $1.146B
YoY Change 22.29% 41.22% 53.07%
LONG-TERM ASSETS
Property, Plant & Equipment $44.60M $43.00M $44.60M
YoY Change 6.44% 6.69% 12.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $265.3M $225.1M $245.9M
YoY Change -25.37% -11.27% 9.83%
Other Assets $6.400M $3.400M $3.600M
YoY Change -27.66% -34.55%
Total Long-Term Assets $718.5M $345.7M $369.4M
YoY Change 51.26% -4.16% 16.14%
TOTAL ASSETS
Total Short-Term Assets $1.016B $1.157B $1.146B
Total Long-Term Assets $718.5M $345.7M $369.4M
Total Assets $1.735B $1.503B $1.516B
YoY Change 32.83% 27.35% 42.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.7M $170.5M $137.1M
YoY Change 19.39% 66.5% 44.32%
Accrued Expenses $10.30M $9.700M $9.200M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $425.0M $419.5M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $186.5M $611.0M $573.0M
YoY Change -67.01% 428.31% 469.64%
LONG-TERM LIABILITIES
Long-Term Debt $317.9M $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $9.700M $4.300M $27.10M
YoY Change -43.27% -63.24% 51.27%
Total Long-Term Liabilities $9.700M $4.300M $27.10M
YoY Change -43.27% -63.24% 51.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $186.5M $611.0M $573.0M
Total Long-Term Liabilities $9.700M $4.300M $27.10M
Total Liabilities $608.5M $698.3M $684.4M
YoY Change -9.06% 15.34% 17.36%
SHAREHOLDERS EQUITY
Retained Earnings -$725.4M -$1.073B -$1.016B
YoY Change -35.96% -8.01% -16.78%
Common Stock $1.850B $1.874B $1.842B
YoY Change 4.61% 7.75% 8.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.126B $804.3M $831.2M
YoY Change
Total Liabilities & Shareholders Equity $1.735B $1.503B $1.516B
YoY Change 32.83% 27.35% 42.06%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $347.9M -$57.60M $79.60M
YoY Change 923.24% -207.06% 55.17%
Depreciation, Depletion And Amortization $2.200M $2.200M $2.100M
YoY Change 4.76% 10.0% 16.67%
Cash From Operating Activities $88.90M -$17.50M $121.6M
YoY Change -13.35% -117.89% 89.41%
INVESTING ACTIVITIES
Capital Expenditures -$4.500M -$400.0K -$4.700M
YoY Change 60.71% -88.57% 4.44%
Acquisitions
YoY Change
Other Investing Activities -$143.2M $25.60M $98.10M
YoY Change -12.31% -131.18% 2235.71%
Cash From Investing Activities -$147.7M $25.20M $93.40M
YoY Change -11.13% -129.44% -31233.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -179.4M 2.500M 13.10M
YoY Change -2557.53% -80.92% 204.65%
NET CHANGE
Cash From Operating Activities 88.90M -17.50M 121.6M
Cash From Investing Activities -147.7M 25.20M 93.40M
Cash From Financing Activities -179.4M 2.500M 13.10M
Net Change In Cash -238.2M 10.20M 228.1M
YoY Change 323.09% -59.68% 234.46%
FREE CASH FLOW
Cash From Operating Activities $88.90M -$17.50M $121.6M
Capital Expenditures -$4.500M -$400.0K -$4.700M
Free Cash Flow $93.40M -$17.10M $126.3M
YoY Change -11.39% -116.88% 83.84%

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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
100000000.0 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
47500000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
23500000 USD
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5600000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1126200000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
407300000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
37000000.0 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
21100000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
100000000.0 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
75300000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
58100000 USD
CY2020 us-gaap Depreciation
Depreciation
8600000 USD
CY2019 us-gaap Depreciation
Depreciation
7400000 USD
CY2018 us-gaap Depreciation
Depreciation
4000000.0 USD
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
20000000.0 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
18900000 USD
CY2018 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
17600000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1300000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-17700000 USD
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-13000000.0 USD
CY2018 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 USD
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-310700000 USD
CY2019 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 USD
CY2018 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18400000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
3700000 USD
CY2019 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1200000 USD
CY2018 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1000000.0 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
30500000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
69200000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25100000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10700000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6400000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3500000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
26900000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
54000000.0 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
24200000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
23600000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
228500000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-16800000 USD
CY2018 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-2700000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
147000000.0 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101400000 USD
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
735500000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
797200000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
545900000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
750500000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
669700000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
327800000 USD
CY2020 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
0 USD
CY2019 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
68900000 USD
CY2018 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
0 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10900000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14700000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24800000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4100000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-211100000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-242900000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
29100000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32400000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
29500000 USD
CY2020 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
186900000 USD
CY2019 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2018 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-157800000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32400000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29500000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
74800000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-31700000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-112000000.0 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
500000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115500000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
147200000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
259200000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
190300000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115500000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
147200000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1400000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1000000.0 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2300000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12800000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
77100000 USD
CY2018 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
11600000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
11600000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
11600000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
15300000 USD
CY2020 nbix Number Of Irish Subsidiaries
NumberOfIrishSubsidiaries
2 subsidiary
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or GAAP, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates.</span>
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Certain amounts in prior year periods have been reclassified to conform with the presentation adopted in the current year.</span>
CY2020Q4 us-gaap Debt Securities Available For Sale Accrued Interest Threshold Period Writeoff
DebtSecuritiesAvailableForSaleAccruedInterestThresholdPeriodWriteoff
P90D
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Allowance for Credit Losses. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For debt securities available-for-sale in an unrealized loss position, we first assess whether we intend to sell, or it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through earnings. For debt securities available-for-sale that do not meet the aforementioned criteria, we evaluate whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, we consider the extent to which fair value is less than amortized cost, any changes in interest rates, and any changes to the rating of the security by a rating agency, among other factors. If this </span><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income or loss, as applicable.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accrued interest receivables on debt securities available-for-sale totaled $3.7 million at December 31, 2020. We do not measure an allowance for credit losses for accrued interest receivables. For the purposes of identifying and measuring an impairment, accrued interest is excluded from both the fair value and amortized cost basis of the debt security. Uncollectible accrued interest receivables associated with an impaired debt security are reversed against interest income upon identification of the impairment. No accrued interest receivables were written off during 2020, 2019 or 2018.</span></div>
CY2020Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
3700000 USD
CY2018 us-gaap Debt Securities Available For Sale Accrued Interest Writeoff
DebtSecuritiesAvailableForSaleAccruedInterestWriteoff
0 USD
CY2019 us-gaap Debt Securities Available For Sale Accrued Interest Writeoff
DebtSecuritiesAvailableForSaleAccruedInterestWriteoff
0 USD
CY2020 us-gaap Debt Securities Available For Sale Accrued Interest Writeoff
DebtSecuritiesAvailableForSaleAccruedInterestWriteoff
0 USD
CY2020 us-gaap Depreciation
Depreciation
8600000 USD
CY2019 us-gaap Depreciation
Depreciation
7400000 USD
CY2018 us-gaap Depreciation
Depreciation
4000000.0 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentration of credit risk consist primarily of cash, cash equivalents and marketable securities. We have established guidelines to limit our exposure to credit risk by diversifying our investment portfolio and by placing investments with high credit quality financial </span><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">institutions and maturities that maintain safety and liquidity. To date, we have not experienced any credit losses and do not believe we are exposed to any significant credit risk in relation to these financial instruments.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are also subject to credit risk from our accounts receivable related to our product sales. Our two largest customers represented approximately 86% of our product revenues for both 2020 and 2019, and the significant majority of our accounts receivable balances at December 31, 2020 and 2019. For 2018, our three largest customers represented approximately 93% of our product revenue and substantially all of our accounts receivable balance at December 31, 2018. To date, we have not experienced any significant losses with respect to the collection of these accounts receivable.</span></div>
CY2020 us-gaap Advertising Expense
AdvertisingExpense
64800000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
40600000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
20500000 USD
CY2020Q4 nbix Potential Milestone Payments
PotentialMilestonePayments
8500000000 USD
CY2020Q4 nbix Debt Securities Available For Sale Position Number Of Positions
DebtSecuritiesAvailableForSalePositionNumberOfPositions
148 security
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
30 security
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
381300000 USD
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
517500000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4000000.0 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6900000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
59400000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
101800000 USD
CY2020Q4 us-gaap Convertible Debt
ConvertibleDebt
317900000 USD
CY2019Q4 us-gaap Convertible Debt
ConvertibleDebt
408800000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
14100000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
16600000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2400000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1500000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9000000.0 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1700000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
28000000.0 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
17300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
86300000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
75500000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
41700000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
33600000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41900000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38200000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38900000 USD
CY2020Q4 nbix Revenue Related Reserves For Discounts And Allowances
RevenueRelatedReservesForDiscountsAndAllowances
34600000 USD
CY2019Q4 nbix Revenue Related Reserves For Discounts And Allowances
RevenueRelatedReservesForDiscountsAndAllowances
30600000 USD
CY2020Q4 nbix Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
32900000 USD
CY2019Q4 nbix Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
25500000 USD
CY2020Q4 nbix Accrued Branded Prescription Drug Fee
AccruedBrandedPrescriptionDrugFee
23600000 USD
CY2019Q4 nbix Accrued Branded Prescription Drug Fee
AccruedBrandedPrescriptionDrugFee
4900000 USD
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
39400000 USD
CY2019Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
41400000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
168700000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
141300000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
187100000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
112300000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3200000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3200000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
190300000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
115500000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
407300000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
37000000.0 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
21100000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93100000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91600000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90200000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97800000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95700000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95400000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.38
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.16
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000000.0 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
75300000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58100000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000000.0 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
75300000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58100000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
45.67
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
41.74
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
43.42
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6100000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.62
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1300000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
103.44
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
600000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
43.90
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6800000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
62.98
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y4M24D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
235400000 USD
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