2021 Q4 Form 10-K Financial Statement

#000091447522000013 Filed on February 11, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $312.0M $1.134B $247.9M
YoY Change 25.86% 8.38% 1.56%
Cost Of Revenue $4.100M $14.30M $2.900M
YoY Change 41.38% 41.58% 16.0%
Gross Profit $307.9M $1.119B $245.0M
YoY Change 25.67% 8.05% 1.45%
Gross Profit Margin 98.69% 98.74% 98.83%
Selling, General & Admin $156.5M $583.3M $106.5M
YoY Change 46.95% 34.62% 5.24%
% of Gross Profit 50.83% 52.12% 43.47%
Research & Development $87.40M $105.3M $66.70M
YoY Change 31.03% -35.99% 20.4%
% of Gross Profit 28.39% 9.41% 27.22%
Depreciation & Amortization $3.000M $10.90M $2.200M
YoY Change 36.36% 26.74% 4.76%
% of Gross Profit 0.97% 0.97% 0.9%
Operating Expenses $243.9M $1.031B $176.1M
YoY Change 38.5% 16.77% -9.83%
Operating Profit $64.00M $102.5M $68.90M
YoY Change -7.11% -37.12% 49.13%
Interest Expense $22.50M $25.80M -$11.70M
YoY Change -292.31% -21.34% 15.84%
% of Operating Profit 35.16% 25.17% -16.98%
Other Income/Expense, Net -$1.100M
YoY Change -98.05%
Pretax Income -$13.80M $101.4M $41.70M
YoY Change -133.09% -4.97% 8.03%
Income Tax -$6.500M $11.80M -$306.2M
% Of Pretax Income 11.64% -734.29%
Net Earnings -$7.300M $89.60M $347.9M
YoY Change -102.1% -78.0% 923.24%
Net Earnings / Revenue -2.34% 7.9% 140.34%
Basic Earnings Per Share $0.95 $3.72
Diluted Earnings Per Share -$76.92K $0.92 $3.58
COMMON SHARES
Basic Shares Outstanding 94.87M shares 94.60M shares 93.50M shares
Diluted Shares Outstanding 97.90M shares 97.20M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $711.3M $711.3M $801.0M
YoY Change -11.2% -11.2% 19.46%
Cash & Equivalents $340.8M $340.8M $187.1M
Short-Term Investments $370.5M $370.5M $613.9M
Other Short-Term Assets $45.50M $45.50M $30.10M
YoY Change 51.16% 51.16% 81.33%
Inventory $30.50M $30.50M $28.00M
Prepaid Expenses
Receivables $185.5M $185.5M $157.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $972.8M $972.8M $1.016B
YoY Change -4.27% -4.27% 22.29%
LONG-TERM ASSETS
Property, Plant & Equipment $58.60M $155.8M $44.60M
YoY Change 31.39% 22.29% 6.44%
Goodwill $0.00
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $624.4M $624.4M $265.3M
YoY Change 135.36% 135.36% -25.37%
Other Assets $4.400M $319.5M $6.400M
YoY Change -31.25% -1.93%
Total Long-Term Assets $1.100B $1.100B $718.5M
YoY Change 53.05% 53.05% 51.26%
TOTAL ASSETS
Total Short-Term Assets $972.8M $972.8M $1.016B
Total Long-Term Assets $1.100B $1.100B $718.5M
Total Assets $2.073B $2.073B $1.735B
YoY Change 19.47% 19.47% 32.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $225.8M $142.8M $168.7M
YoY Change 33.85% 46.31% 19.39%
Accrued Expenses $16.50M $99.50M $10.30M
YoY Change 60.19% 22.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $245.8M $245.8M $186.5M
YoY Change 31.8% 31.8% -67.01%
LONG-TERM LIABILITIES
Long-Term Debt $335.1M $335.1M $317.9M
YoY Change 5.41% 5.41%
Other Long-Term Liabilities $12.30M $117.6M $9.700M
YoY Change 26.8% 12.97% -43.27%
Total Long-Term Liabilities $12.30M $452.7M $9.700M
YoY Change 26.8% 7.27% -43.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.8M $245.8M $186.5M
Total Long-Term Liabilities $12.30M $452.7M $9.700M
Total Liabilities $698.5M $698.5M $608.5M
YoY Change 14.79% 14.79% -9.06%
SHAREHOLDERS EQUITY
Retained Earnings -$635.8M -$725.4M
YoY Change -12.35% -35.96%
Common Stock $2.012B $1.850B
YoY Change 8.74% 4.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.374B $1.374B $1.126B
YoY Change
Total Liabilities & Shareholders Equity $2.073B $2.073B $1.735B
YoY Change 19.47% 19.47% 32.83%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$7.300M $89.60M $347.9M
YoY Change -102.1% -78.0% 923.24%
Depreciation, Depletion And Amortization $3.000M $10.90M $2.200M
YoY Change 36.36% 26.74% 4.76%
Cash From Operating Activities $4.200M $256.5M $88.90M
YoY Change -95.28% 12.25% -13.35%
INVESTING ACTIVITIES
Capital Expenditures -$8.900M $23.40M -$4.500M
YoY Change 97.78% 114.68% 60.71%
Acquisitions $0.00
YoY Change
Other Investing Activities $32.60M -$106.8M -$143.2M
YoY Change -122.77% -812.0% -12.31%
Cash From Investing Activities $23.70M -$130.2M -$147.7M
YoY Change -116.05% -3275.61% -11.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $27.50M
YoY Change -5.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.800M $27.40M -179.4M
YoY Change -101.0% -117.36% -2557.53%
NET CHANGE
Cash From Operating Activities 4.200M $256.5M 88.90M
Cash From Investing Activities 23.70M -$130.2M -147.7M
Cash From Financing Activities 1.800M $27.40M -179.4M
Net Change In Cash 29.70M $153.7M -238.2M
YoY Change -112.47% 105.48% 323.09%
FREE CASH FLOW
Cash From Operating Activities $4.200M $256.5M $88.90M
Capital Expenditures -$8.900M $23.40M -$4.500M
Free Cash Flow $13.10M $233.1M $93.40M
YoY Change -85.97% 7.12% -11.39%

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StockIssuedDuringPeriodValueShareBasedCompensation
29100000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1126200000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
89600000 USD
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-3500000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
134200000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27500000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1374000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
89600000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
407300000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
37000000.0 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
134200000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
100000000.0 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
75300000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
500000 USD
CY2021 us-gaap Depreciation
Depreciation
10900000 USD
CY2020 us-gaap Depreciation
Depreciation
8600000 USD
CY2019 us-gaap Depreciation
Depreciation
7400000 USD
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
16200000 USD
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
20000000.0 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
18900000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
20900000 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
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4300000 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
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4400000 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
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
28400000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
30500000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
69200000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2500000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10700000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6400000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
56800000 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
CY2021 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
9200000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
23600000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-16800000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
256500000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
228500000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
147000000.0 USD
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
800100000 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
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
697900000 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
CY2021 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
4600000 USD
CY2020 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
0 USD
CY2019 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
68900000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23400000 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
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-130200000 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
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
27500000 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
CY2021 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000 USD
CY2020 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
186900000 USD
CY2019 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27400000 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
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
153700000 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
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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344000000.0 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
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1900000 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
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23400000 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
CY2021 us-gaap Interest Paid Net
InterestPaidNet
8600000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
11600000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
11600000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
5100000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
15300000 USD
CY2021 nbix Number Of Irish Subsidiaries
NumberOfIrishSubsidiaries
2 subsidiary
CY2021 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>
CY2021Q4 us-gaap Debt Securities Available For Sale Accrued Interest Threshold Period Writeoff
DebtSecuritiesAvailableForSaleAccruedInterestThresholdPeriodWriteoff
P90D
CY2021 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 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>Accrued interest receivables on debt securities available-for-sale totaled $2.2 million as of December 31, 2021 and $3.7 million as of 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 2021, 2020 or 2019.
CY2021Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
2200000 USD
CY2020Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
3700000 USD
CY2021 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
CY2021 us-gaap Depreciation
Depreciation
10900000 USD
CY2020 us-gaap Depreciation
Depreciation
8600000 USD
CY2019 us-gaap Depreciation
Depreciation
7400000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:3pt"><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 and cash equivalents and debt securities available-for-sale. 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 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 82% of our total product revenues for 2021 and approximately 86% for both 2020 and 2019, as well as the significant majority of our accounts receivable balances at December 31, 2021 and 2020. To date, we have not experienced any significant losses with respect to the collection of these accounts receivable.</span></div>
CY2021 us-gaap Advertising Expense
AdvertisingExpense
139800000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
64800000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
40600000 USD
CY2021Q4 nbix Potential Milestone Payments
PotentialMilestonePayments
10900000000 USD
CY2021Q4 nbix Debt Securities Available For Sale Position Number Of Positions
DebtSecuritiesAvailableForSalePositionNumberOfPositions
164 security
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
136 security
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
659100000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2600000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
95000000.0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
100000 USD
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
381200000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
381300000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2900000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4000000.0 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
43200000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
59400000 USD
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
335100000 USD
CY2020Q4 us-gaap Convertible Debt
ConvertibleDebt
317900000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11200000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
16600000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3600000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2400000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15700000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9000000.0 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
30500000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
28000000.0 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
110500000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
86300000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
51900000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
41700000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58600000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44600000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
50600000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38200000 USD
CY2021Q4 nbix Revenue Related Reserves For Discounts And Allowances
RevenueRelatedReservesForDiscountsAndAllowances
62700000 USD
CY2020Q4 nbix Revenue Related Reserves For Discounts And Allowances
RevenueRelatedReservesForDiscountsAndAllowances
34600000 USD
CY2021Q4 nbix Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
32400000 USD
CY2020Q4 nbix Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
32900000 USD
CY2021Q4 nbix Accrued Branded Prescription Drug Fee
AccruedBrandedPrescriptionDrugFee
28600000 USD
CY2020Q4 nbix Accrued Branded Prescription Drug Fee
AccruedBrandedPrescriptionDrugFee
23600000 USD
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
51500000 USD
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
39400000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
225800000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
168700000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
340800000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
187100000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3200000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3200000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
344000000.0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
190300000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
89600000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
407300000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
37000000.0 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94600000 shares
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
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97900000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97800000 shares
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
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95700000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.38
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.16
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
134200000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000000.0 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
75300000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
134200000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000000.0 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
75300000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
45.02
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
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
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1800000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
110.74
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
700000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
28.02
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
200000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
103.30
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7700000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
76.38
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y6M
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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