2024 Q1 Form 10-K Financial Statement

#000091447524000054 Filed on February 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $515.3M $515.2M $1.887B
YoY Change 22.57% 25.05% 26.76%
Cost Of Revenue $7.500M $8.500M $39.70M
YoY Change -11.76% 10.39% 71.12%
Gross Profit $507.8M $506.7M $1.847B
YoY Change 23.28% 25.33% 26.06%
Gross Profit Margin 98.54% 98.35% 97.9%
Selling, General & Admin $243.1M $218.9M $887.6M
YoY Change 0.16% 19.68% 17.92%
% of Gross Profit 47.87% 43.2% 48.05%
Research & Development $159.4M $137.5M $565.0M
YoY Change 14.27% 16.53% 21.82%
% of Gross Profit 31.39% 27.14% 30.58%
Depreciation & Amortization $6.200M $5.700M $17.80M
YoY Change 51.22% 29.55% 17.88%
% of Gross Profit 1.22% 1.12% 0.96%
Operating Expenses $402.5M $356.4M $1.453B
YoY Change 5.31% 18.44% 19.41%
Operating Profit $105.3M $150.3M $250.9M
YoY Change -192.21% 45.36% 0.76%
Interest Expense -$64.80M $47.90M $4.600M
YoY Change -5990.91% 230.34% -35.21%
% of Operating Profit -61.54% 31.87% 1.83%
Other Income/Expense, Net -$64.80M $81.20M
YoY Change -694.5% -331.34%
Pretax Income $34.50M $198.2M $332.1M
YoY Change -133.4% 68.11% 55.26%
Income Tax -$8.900M $50.50M $82.40M
% Of Pretax Income -25.8% 25.48% 24.81%
Net Earnings $43.40M $147.7M $249.7M
YoY Change -156.66% 65.96% 61.62%
Net Earnings / Revenue 8.42% 28.67% 13.23%
Basic Earnings Per Share $0.43 $2.56
Diluted Earnings Per Share $0.42 $1.44 $2.47
COMMON SHARES
Basic Shares Outstanding 99.51M shares 98.25M shares 97.70M shares
Diluted Shares Outstanding 103.6M shares 101.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.211B $1.032B $1.032B
YoY Change 35.32% 4.28% 4.28%
Cash & Equivalents $396.3M $251.1M $1.032B
Short-Term Investments $814.3M $780.5M $780.5M
Other Short-Term Assets $100.5M $97.80M $575.4M
YoY Change -11.22% 23.64% 627.43%
Inventory $37.20M $38.30M $38.30M
Prepaid Expenses
Receivables $450.7M $439.3M $439.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.799B $1.607B $1.607B
YoY Change 25.56% 10.56% 10.56%
LONG-TERM ASSETS
Property, Plant & Equipment $346.1M $70.80M $347.3M
YoY Change 451.11% 20.82% 138.53%
Goodwill $5.700M $5.800M
YoY Change 1.79% 7.41%
Intangibles $34.30M $35.50M
YoY Change -7.8% -4.57%
Long-Term Investments $863.9M $849.4M $849.4M
YoY Change 127.16% 111.56% 111.56%
Other Assets $429.1M $49.60M $412.2M
YoY Change 1623.29% 98.4% 24.57%
Total Long-Term Assets $1.673B $1.644B $1.644B
YoY Change 80.52% 79.68% 79.68%
TOTAL ASSETS
Total Short-Term Assets $1.799B $1.607B $1.607B
Total Long-Term Assets $1.673B $1.644B $1.644B
Total Assets $3.472B $3.251B $3.251B
YoY Change 47.15% 37.27% 37.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $308.5M $318.3M $318.3M
YoY Change -13.27% -8.43% 35.04%
Accrued Expenses $118.9M $162.5M $162.5M
YoY Change 575.57% 833.91% 25.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $122.8M $170.1M $170.1M
YoY Change 0.41% 0.41%
Total Short-Term Liabilities $712.9M $654.8M $654.8M
YoY Change 90.56% 21.78% 21.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $373.4M $106.3M $364.6M
YoY Change 804.12% 257.91% 195.94%
Total Long-Term Liabilities $373.4M $106.3M $364.6M
YoY Change 804.12% 257.91% 195.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $712.9M $654.8M $654.8M
Total Long-Term Liabilities $373.4M $106.3M $364.6M
Total Liabilities $1.086B $1.019B $1.019B
YoY Change 60.86% 54.24% 54.24%
SHAREHOLDERS EQUITY
Retained Earnings -$113.7M -$157.1M
YoY Change -76.48% -61.38%
Common Stock $2.497B $2.382B
YoY Change 15.01% 12.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.386B $2.232B $2.232B
YoY Change
Total Liabilities & Shareholders Equity $3.472B $3.251B $3.251B
YoY Change 47.15% 37.27% 37.27%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $43.40M $147.7M $249.7M
YoY Change -156.66% 65.96% 61.62%
Depreciation, Depletion And Amortization $6.200M $5.700M $17.80M
YoY Change 51.22% 29.55% 17.88%
Cash From Operating Activities $130.3M $123.5M $389.9M
YoY Change -204.07% -13.64% 14.88%
INVESTING ACTIVITIES
Capital Expenditures $11.20M $5.400M $28.30M
YoY Change 31.76% 200.0% 71.52%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$43.80M -$196.4M -$438.8M
YoY Change 30.36% 72.58% 173.23%
Cash From Investing Activities -$55.00M -$201.8M -$467.1M
YoY Change 30.64% 74.57% 163.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $65.30M
YoY Change 46.09%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.90M 35.40M $65.30M
YoY Change 752.44% 43.9% -127.87%
NET CHANGE
Cash From Operating Activities 130.3M 123.5M $389.9M
Cash From Investing Activities -55.00M -201.8M -$467.1M
Cash From Financing Activities 69.90M 35.40M $65.30M
Net Change In Cash 145.2M -42.90M -$11.60M
YoY Change -191.26% -182.5% -84.17%
FREE CASH FLOW
Cash From Operating Activities $130.3M $123.5M $389.9M
Capital Expenditures $11.20M $5.400M $28.30M
Free Cash Flow $119.1M $118.1M $361.6M
YoY Change -189.08% -16.36% 11.99%

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<div style="margin-bottom:6pt"><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 (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></div>
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<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, accounts receivable and debt securities available-for-sale. We have established guidelines to limit our exposure to credit risk by diversifying our investment portfolio with low-risk investment-grade debt securities with maturities of up to three years and by placing our investments with high-credit-quality financial institutions to maintain liquidity. To date, we have not experienced any credit losses and do not believe we are exposed to any significant credit risk in connection with 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 have entered into agreements for the distribution of INGREZZA with a limited number of specialty pharmacy providers and distributors and all of our product sales of INGREZZA are to these customers. Four of these customers represented approximately 91% of our total product sales for 2023 and approximately 98% of our accounts receivable balance as of December 31, 2023.</span></div>
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
270700000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
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249700000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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249700000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
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154500000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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97700000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95800000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94600000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3300000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3100000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3300000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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101000000.0 shares
CY2023 us-gaap Earnings Per Share Basic
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2.56
CY2022 us-gaap Earnings Per Share Basic
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1.61
CY2023 us-gaap Earnings Per Share Diluted
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2.47
CY2022 us-gaap Earnings Per Share Diluted
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1.56
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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173100000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023 us-gaap Allocated Share Based Compensation Expense
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194300000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
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173100000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
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134200000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
45.19
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
32.05
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
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9000000.0 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
79.10
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
103.66
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
66.84
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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100000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
98.29
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
84.46
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
467800000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
6800000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
78.75
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
361300000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
39900000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
39700000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
58000000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
55500000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37000000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
20700000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
409200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
218000000.0 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
101400000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-77100000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-4100000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
332100000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
213900000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
101400000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
115000000.0 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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17100000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
28100000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
20300000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6300000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
143100000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
37400000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6300000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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27500000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5900000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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-15500000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82400000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11800000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
44900000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21300000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
17500000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
11800000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2023 nbix Income Tax Reconciliation Nondeductible Expense Branded Prescription Drug Fee
IncomeTaxReconciliationNondeductibleExpenseBrandedPrescriptionDrugFee
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CY2022 nbix Income Tax Reconciliation Nondeductible Expense Branded Prescription Drug Fee
IncomeTaxReconciliationNondeductibleExpenseBrandedPrescriptionDrugFee
6500000 usd
CY2021 nbix Income Tax Reconciliation Nondeductible Expense Branded Prescription Drug Fee
IncomeTaxReconciliationNondeductibleExpenseBrandedPrescriptionDrugFee
4800000 usd
CY2023 nbix Effective Income Tax Rate Reconciliation Nondeductible Expense Loss On Extinguishment Of Convertible Senior Notes
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CY2022 nbix Effective Income Tax Rate Reconciliation Nondeductible Expense Loss On Extinguishment Of Convertible Senior Notes
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLossOnExtinguishmentOfConvertibleSeniorNotes
12000000.0 usd
CY2021 nbix Effective Income Tax Rate Reconciliation Nondeductible Expense Loss On Extinguishment Of Convertible Senior Notes
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLossOnExtinguishmentOfConvertibleSeniorNotes
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2023 nbix Income Tax Reconciliation Nondeductible Expense Officer Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseOfficerCompensationCost
9600000 usd
CY2022 nbix Income Tax Reconciliation Nondeductible Expense Officer Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseOfficerCompensationCost
9200000 usd
CY2021 nbix Income Tax Reconciliation Nondeductible Expense Officer Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseOfficerCompensationCost
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CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
200000 usd
CY2023 nbix Income Tax Reconciliation Expiration Of Tax Credits
IncomeTaxReconciliationExpirationOfTaxCredits
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CY2022 nbix Income Tax Reconciliation Expiration Of Tax Credits
IncomeTaxReconciliationExpirationOfTaxCredits
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CY2021 nbix Income Tax Reconciliation Expiration Of Tax Credits
IncomeTaxReconciliationExpirationOfTaxCredits
600000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
42200000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
29900000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
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CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3100000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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27400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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DeferredTaxAssetsCapitalizedResearchAndDevelopment
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
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CY2023Q4 nbix Deferred Tax Assets Operating Leases Assets
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CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2023Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Other
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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530100000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 nbix Deferred Tax Liabilities Operating Leases Liabilities
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66300000 usd
CY2022Q4 nbix Deferred Tax Liabilities Operating Leases Liabilities
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CY2023Q4 us-gaap Deferred Tax Liabilities Other
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11800000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2023Q4 nbix Deferred Tax Assets Liabilities Gross
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CY2022Q4 nbix Deferred Tax Assets Liabilities Gross
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Income Tax Examination Interest Accrued
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3100000 usd
CY2022Q4 us-gaap Income Tax Examination Interest Accrued
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CY2023Q4 us-gaap Income Tax Examination Penalties Accrued
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CY2022Q4 us-gaap Income Tax Examination Penalties Accrued
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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4900000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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3600000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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64600000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023 us-gaap Operating Lease Cost
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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15300000 usd
CY2023 us-gaap Sublease Income
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CY2022 us-gaap Sublease Income
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CY2021 us-gaap Sublease Income
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CY2023 nbix Operating Lease Cost Net
OperatingLeaseCostNet
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CY2022 nbix Operating Lease Cost Net
OperatingLeaseCostNet
16300000 usd
CY2021 nbix Operating Lease Cost Net
OperatingLeaseCostNet
15300000 usd
CY2023 us-gaap Operating Lease Payments
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17900000 usd
CY2022 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
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12600000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
33000000.0 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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1700000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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34700000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1700000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
34000000.0 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1700000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
34800000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1700000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
35600000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1700000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
211400000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
4300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
383500000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
12800000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
93200000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
290300000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32000000.0 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
258300000 usd
CY2023Q4 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Two
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearTwo
15400000 usd
CY2023Q4 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Three
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearThree
23600000 usd
CY2023Q4 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Four
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearFour
24300000 usd
CY2023Q4 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced Year Five
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedYearFive
25100000 usd
CY2023Q4 nbix Non Cancelable Future Minimum Lease Payments For Operating Leases Not Yet Commenced After Year Four
NonCancelableFutureMinimumLeasePaymentsForOperatingLeasesNotYetCommencedAfterYearFour
223500000 usd
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.60
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
12500000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10300000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8100000 usd
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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