2020 Q4 Form 10-K Financial Statement

#000156459021009840 Filed on March 01, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $52.56M $225.1M $62.92M
YoY Change -16.47% -17.32% -11.48%
Cost Of Revenue $10.94M $39.37M $10.14M
YoY Change 7.89% 6.95% -2.12%
Gross Profit $41.62M $185.7M $52.78M
YoY Change -21.14% -21.11% -13.08%
Gross Profit Margin 79.19% 82.51% 83.88%
Selling, General & Admin $28.61M $118.5M $30.02M
YoY Change -4.7% -16.35% -26.66%
% of Gross Profit 68.74% 63.79% 56.88%
Research & Development $24.16M $97.65M $30.24M
YoY Change -20.11% -26.5% -21.11%
% of Gross Profit 58.05% 52.57% 57.29%
Depreciation & Amortization $2.940M $900.0K $1.900M
YoY Change 54.74% 0.0% -9.52%
% of Gross Profit 7.06% 0.48% 3.6%
Operating Expenses $52.76M $255.5M $60.27M
YoY Change -12.46% -17.94% -23.96%
Operating Profit -$11.14M -$30.40M -$7.490M
YoY Change 48.73% -22.14% -59.6%
Interest Expense -$3.550M $14.05M -$2.580M
YoY Change 37.6% -6.48% -17.31%
% of Operating Profit
Other Income/Expense, Net $70.00K -$29.39M $100.0K
YoY Change -30.0% -19.48% -600.0%
Pretax Income -$14.79M -$59.79M -$11.15M
YoY Change 32.65% -20.85% -63.66%
Income Tax $210.0K $207.0K $50.00K
% Of Pretax Income
Net Earnings -$14.99M -$60.00M -$11.20M
YoY Change 33.89% -20.64% -63.51%
Net Earnings / Revenue -28.53% -26.65% -17.8%
Basic Earnings Per Share -$0.38 -$60.00K
Diluted Earnings Per Share -$0.38 -$1.515M -$286.8K
COMMON SHARES
Basic Shares Outstanding 39.88M 39.58M
Diluted Shares Outstanding 39.88M 39.58M

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.40M $93.40M $111.6M
YoY Change -16.31% -16.31% -32.53%
Cash & Equivalents $85.29M $85.30M $60.04M
Short-Term Investments $8.100M $8.100M $51.60M
Other Short-Term Assets $3.641M $20.40M $323.0K
YoY Change 1027.24% -9.73% -81.93%
Inventory $3.454M $3.500M $3.170M
Prepaid Expenses $11.26M $13.26M
Receivables $25.54M $20.50M $28.90M
Other Receivables $8.400M $8.400M $2.500M
Total Short-Term Assets $146.1M $146.1M $166.3M
YoY Change -12.12% -12.15% -18.08%
LONG-TERM ASSETS
Property, Plant & Equipment $2.481M $18.90M $3.304M
YoY Change -24.91% -13.3% -16.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.100M $5.100M $6.300M
YoY Change -19.05% -19.05% -18.18%
Total Long-Term Assets $98.08M $98.10M $68.61M
YoY Change 42.96% 43.0% 22.26%
TOTAL ASSETS
Total Short-Term Assets $146.1M $146.1M $166.3M
Total Long-Term Assets $98.08M $98.10M $68.61M
Total Assets $244.2M $244.2M $234.9M
YoY Change 3.97% 3.96% -9.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.08M $12.10M $19.18M
YoY Change -37.05% -36.98% -7.26%
Accrued Expenses $61.33M $85.40M $69.03M
YoY Change -11.16% 19.11% 48.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $14.29M $14.30M
YoY Change
Total Short-Term Liabilities $114.3M $114.3M $90.84M
YoY Change 25.78% 25.88% 35.35%
LONG-TERM LIABILITIES
Long-Term Debt $84.03M $84.00M $94.96M
YoY Change -11.52% -11.58% -37.48%
Other Long-Term Liabilities $51.90M $51.90M $31.60M
YoY Change 64.24% 64.24% 444.83%
Total Long-Term Liabilities $84.03M $135.9M $94.96M
YoY Change -11.52% 7.35% -39.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $114.3M $114.3M $90.84M
Total Long-Term Liabilities $84.03M $135.9M $94.96M
Total Liabilities $250.2M $250.2M $217.4M
YoY Change 15.05% 15.09% -3.28%
SHAREHOLDERS EQUITY
Retained Earnings -$1.338B -$1.278B
YoY Change 4.7% 6.29%
Common Stock $1.332B $1.295B
YoY Change 2.83% 4.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.951M -$6.000M $17.46M
YoY Change
Total Liabilities & Shareholders Equity $244.2M $244.2M $234.9M
YoY Change 3.97% 3.96% -9.35%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$14.99M -$60.00M -$11.20M
YoY Change 33.89% -20.64% -63.51%
Depreciation, Depletion And Amortization $2.940M $900.0K $1.900M
YoY Change 54.74% 0.0% -9.52%
Cash From Operating Activities -$5.640M $773.0K $1.570M
YoY Change -459.24% -96.55% -77.7%
INVESTING ACTIVITIES
Capital Expenditures -$10.03M $46.00K -$310.0K
YoY Change 3135.48% -84.97% 416.67%
Acquisitions
YoY Change
Other Investing Activities $10.85M $43.45M -$130.0K
YoY Change -8446.15% 694.33% -104.91%
Cash From Investing Activities $820.0K $33.40M -$440.0K
YoY Change -286.36% 546.97% -116.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.00K -$9.932M 0.000
YoY Change -85.19% -100.0%
NET CHANGE
Cash From Operating Activities -5.640M $773.0K 1.570M
Cash From Investing Activities 820.0K $33.40M -440.0K
Cash From Financing Activities 20.00K -$9.932M 0.000
Net Change In Cash -4.800M $24.24M 1.130M
YoY Change -524.78% -161.33% -97.18%
FREE CASH FLOW
Cash From Operating Activities -$5.640M $773.0K $1.570M
Capital Expenditures -$10.03M $46.00K -$310.0K
Free Cash Flow $4.390M $727.0K $1.880M
YoY Change 133.51% -96.71% -73.52%

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IncreaseDecreaseInAccountsReceivable
8123000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11103000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
284000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
545000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
596000
CY2020 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-2251000
CY2019 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-568000
CY2018 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
840000
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3120000
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1464000
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1787000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7107000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1526000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7008000
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
19251000
CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
22599000
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
15783000
CY2020 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
44000
CY2019 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
154000
CY2020 pbyi Increase Decrease In Post Marketing Commitment Liability
IncreaseDecreaseInPostMarketingCommitmentLiability
-140000
CY2019 pbyi Increase Decrease In Post Marketing Commitment Liability
IncreaseDecreaseInPostMarketingCommitmentLiability
9000000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
773000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22376000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24105000
CY2020 pbyi Payments To Acquire Property Plant And Equipment Excluding Capital Improvements
PaymentsToAcquirePropertyPlantAndEquipmentExcludingCapitalImprovements
46000
CY2019 pbyi Payments To Acquire Property Plant And Equipment Excluding Capital Improvements
PaymentsToAcquirePropertyPlantAndEquipmentExcludingCapitalImprovements
306000
CY2018 pbyi Payments To Acquire Property Plant And Equipment Excluding Capital Improvements
PaymentsToAcquirePropertyPlantAndEquipmentExcludingCapitalImprovements
439000
CY2018 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
170000
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
29826000
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
127198000
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
107502000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
28135000
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
73275000
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
104532000
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
20000000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-57623000
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1351000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
7652000
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
8444000
CY2019 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
25000000
CY2018 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
105000000
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
8444000
CY2019 us-gaap Repayments Of Debt
RepaymentsOfDebt
80000000
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7793000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5625000
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4201000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
68000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-67067000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
108451000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24244000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-39528000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26723000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
73210000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
112738000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
86015000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
97454000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
73210000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
1745000
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
13007000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
112738000
CY2020 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
20000000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
9703000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
11739000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
8055000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
207000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
53000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
17000
CY2020 pbyi Number Of Subsidiaries
NumberOfSubsidiaries
2
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-60000000.0
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
800000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
85300000
CY2020Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
8100000
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:8pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates: </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the balance sheet, and reported amounts of revenues and expenses for the period presented. Accordingly, actual results could differ from those estimates. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Significant estimates include estimates for variable consideration for which reserves were established. These estimates are included in the calculation of net revenues and include trade discounts and allowances, product returns, provider chargebacks and discounts, government rebates, payor rebates, and other incentives, such as voluntary patient assistance, and other allowances that are offered within contracts between the Company and its customers, payors, and other indirect customers relating to the Company’s sale of its products.</p>
CY2020 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Options to extend or terminate a lease are considered in the lease term to the extent that the option is reasonably certain of exercise.
CY2020 us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
Options to extend or terminate a lease are considered in the lease term to the extent that the option is reasonably certain of exercise.
CY2020Q4 pbyi Incremental Costs Expenses
IncrementalCostsExpenses
0
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3443000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
12200000
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
13200000
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
79813000
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
79813000
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
92840000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
62000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
92902000
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:8pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Risk: </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments, which potentially subject the Company to concentrations of credit risk, principally consist of cash and cash equivalents, marketable securities, and accounts receivable, net. The Company’s cash and cash equivalents and restricted cash in excess of the Federal Deposit Insurance Corporation and the Securities Investor Protection Corporation insured limits at December 31, 2020, were approximately $101.8 million. The Company does not believe it is exposed to any significant credit risk due to the quality nature of the financial instruments in which the money is held. Pursuant to the Company’s internal investment policy, investments must be rated A-1/P-1 or better by Standard and Poor’s Rating Service and Moody’s Investors Service at the time of purchase. </p> <p style="Background-color:#FFFFFF;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company sells its products in the United States primarily through specialty pharmacies and specialty distributors. Therefore, wholesale distributors and large pharmacy chains account for a large portion of its accounts receivables, net and product revenues, net. The creditworthiness of its customers is continuously monitored, and the Company has internal policies regarding customer credit limits. The Company estimates an allowance for credit loss primarily based on the credit worthiness of its customers, historical payment patterns, aging of receivable balances and general economic conditions. The Company recorded $1.0 million and $0 as an allowance for credit loss and the related credit loss expense in the years ended December 31, 2020 and 2019, respectively.</p> <p style="Background-color:#FFFFFF;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;letter-spacing:-0.2pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company’s success depends on its ability to successfully commercialize NERLYNX. The Company currently has a single product with limited commercial sales experience, which makes it difficult to evaluate its current business, predict its future prospects and forecast financial performance and growth. The Company has invested a significant portion of its efforts and financial resources in the development and commercialization of the lead product, NERLYNX, and expects NERLYNX to constitute the vast majority of product revenue for the foreseeable future.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">The Company relies exclusively on third parties to formulate and manufacture NERLYNX and its drug candidates. The commercialization of NERLYNX and any other drug candidates, if approved, could be stopped, delayed or made less profitable if those third parties fail to provide sufficient quantities of product or fail to do so at acceptable quality levels or prices. The Company has no experience in drug formulation or manufacturing and does not intend to establish its own manufacturing facilities. The Company lacks the resources and expertise to formulate or manufacture NERLYNX and other drug candidates. While the drug candidates were being developed by Pfizer, both the drug substance and drug product were manufactured by third-party contractors. The Company is using the same third-party contractors to manufacture, supply, store and distribute drug supplies for clinical trials and the commercialization of NERLYNX. If the Company is unable to continue its relationships with one or more of these third-party contractors, it could experience delays in the development or commercialization efforts as it locates and qualifies new manufacturers. The Company intends to rely on one or more third-party contractors to manufacture the commercial supply of drugs.</span></p>
CY2020Q4 pbyi Cash And Cash Equivalents And Restricted Cash In Excess Of Insured Limits
CashAndCashEquivalentsAndRestrictedCashInExcessOfInsuredLimits
101800000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000.0
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2020Q4 pbyi Average Incremental Borrowing Rate
AverageIncrementalBorrowingRate
0.109
CY2020 pbyi Reduction In Carrying Value Of Right Of Use Assets
ReductionInCarryingValueOfRightOfUseAssets
1200000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6300000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3900000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3900000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8000000.0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8000000.0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8000000.0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8000000.0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8000000.0
CY2020Q4 pbyi Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
8000000.0
CY2020Q4 pbyi Finite Lived Intangible Assets Amortization Expense Year Seven
FiniteLivedIntangibleAssetsAmortizationExpenseYearSeven
8000000.0
CY2020Q4 pbyi Finite Lived Intangible Assets Amortization Expense Year Eight
FiniteLivedIntangibleAssetsAmortizationExpenseYearEight
8000000.0
CY2020Q4 pbyi Finite Lived Intangible Assets Amortization Expense Year Nine
FiniteLivedIntangibleAssetsAmortizationExpenseYearNine
8000000.0
CY2020Q4 pbyi Finite Lived Intangible Assets Amortization Expense Year Ten
FiniteLivedIntangibleAssetsAmortizationExpenseYearTen
2000000.0
CY2020Q4 pbyi Trade Accounts Receivable Net Excluding License Revenue Receivable
TradeAccountsReceivableNetExcludingLicenseRevenueReceivable
21515000
CY2019Q4 pbyi Trade Accounts Receivable Net Excluding License Revenue Receivable
TradeAccountsReceivableNetExcludingLicenseRevenueReceivable
26180000
CY2020Q4 pbyi License Revenue Receivable
LicenseRevenueReceivable
2500000
CY2019Q4 pbyi License Revenue Receivable
LicenseRevenueReceivable
2500000
CY2020Q4 pbyi Royalty Revenue Receivable
RoyaltyRevenueReceivable
2528000
CY2019Q4 pbyi Royalty Revenue Receivable
RoyaltyRevenueReceivable
216000
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
26543000
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
28896000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
25543000
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
28896000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000.0
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1000000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11262000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13259000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
1999000
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
15258000
CY2020Q4 pbyi Deposit For Manufacturing Costs Current
DepositForManufacturingCostsCurrent
3376000
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
67000
CY2019Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
323000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
323000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8015000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8015000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8015000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8015000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8632000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9163000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6151000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5859000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2481000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3304000
CY2020 us-gaap Depreciation
Depreciation
900000
CY2019 us-gaap Depreciation
Depreciation
900000
CY2018 us-gaap Depreciation
Depreciation
1100000
CY2020 pbyi Fixed Lease Expense
FixedLeaseExpense
4700000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
400000
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4700000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4700000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5365000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5483000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5631000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5805000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5983000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1509000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29776000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7133000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
22643000
CY2020 us-gaap Sublease Income
SubleaseIncome
400000
CY2019 us-gaap Sublease Income
SubleaseIncome
200000
CY2018 us-gaap Sublease Income
SubleaseIncome
0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8015000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
467000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
481000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
495000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
510000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
525000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
133000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2611000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
5569000
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.109
CY2020Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
90000000
CY2019Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
50000000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15860000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9539000
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
74140000
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
40461000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
34065000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
74140000
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22724000
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31350000
CY2020Q4 us-gaap Accrued Royalties Current
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8604000
CY2019Q4 us-gaap Accrued Royalties Current
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8866000
CY2020Q4 pbyi Accrued Development Costs
AccruedDevelopmentCosts
3474000
CY2019Q4 pbyi Accrued Development Costs
AccruedDevelopmentCosts
8502000
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9014000
CY2019Q4 pbyi Accrued Variable Consideration Current
AccruedVariableConsiderationCurrent
7978000
CY2020Q4 us-gaap Accrued Bonuses Current
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7788000
CY2019Q4 us-gaap Accrued Bonuses Current
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1618000
CY2020Q4 us-gaap Employee Related Liabilities Current
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4820000
CY2019Q4 us-gaap Employee Related Liabilities Current
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4138000
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1904000
CY2019Q4 pbyi Accrued Clinical Expenses Current
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2546000
CY2020Q4 pbyi Accrued Professional Fees Liability Current
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1420000
CY2019Q4 pbyi Accrued Professional Fees Liability Current
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1775000
CY2020Q4 us-gaap Accrued Professional Fees Current
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383000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
266000
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AccruedManufacturingCostsCurrent
752000
CY2019Q4 pbyi Accrued Manufacturing Costs Current
AccruedManufacturingCostsCurrent
869000
CY2020Q4 us-gaap Other Accrued Liabilities Current
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442000
CY2019Q4 us-gaap Other Accrued Liabilities Current
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1122000
CY2020Q4 us-gaap Accrued Liabilities Current
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61325000
CY2019Q4 us-gaap Accrued Liabilities Current
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69030000
CY2020Q4 pbyi Accrued Legal Verdict Expense Non Current
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24822000
CY2020Q4 pbyi Accrued Clinical Research Organization Services Noncurrent
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908000
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
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233000
CY2020Q4 pbyi Accrued Liabilities Noncurrent
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25963000
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
87288000
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
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69030000
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100000000
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DebtInstrumentMaturityDate
2024-06-01
CY2020Q4 pbyi Accretion Of Final Interest Payment
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3313000
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14286000
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5002000
CY2020Q4 us-gaap Long Term Debt
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84025000
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
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3666000
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8668000
CY2019Q4 us-gaap Deferred Finance Costs Gross
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8668000
CY2019Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1701000
CY2020Q4 us-gaap Deferred Finance Costs Net
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5002000
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6967000
CY2020 us-gaap Amortization Of Financing Costs
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2000000.0
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1500000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
900000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
864881
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
790642
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
529443
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100000000
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CommonStockParOrStatedValuePerShare
0.0001
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WarrantsAndRightsOutstandingMaturityDate
2021-10-04
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AllocatedShareBasedCompensationExpenseBenefit
36575000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6134513
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
87.91
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
220060000
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315566
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
59.13
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
183837
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
51.96
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
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200743
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
35.88
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5063000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
356955
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
116.96
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5708544
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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87.49
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7762000
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340241
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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82.42
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1951000
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700853
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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15.40
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128406
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
38.71
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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15.42
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995000
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790429
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
104.76
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5042325
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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10.03
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119000
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715634
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
90.51
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5009342
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
71.42
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3458000
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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899672
CY2020Q4 pbyi Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageExercisePrice
11.18
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedIntrinsicValue
1106000
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4109670
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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84.61
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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2352000
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7.81
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.08
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
45.62
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
779292
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
33.75
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
340241
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.08
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
551933
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
33.56
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
128406
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
26.27
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
439194
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
19.38
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
700853
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.81
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
240375
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
25.57
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
899672
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
8.71
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1400000
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DefinedContributionPlanCostRecognized
1500000
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1900000
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124000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
53000
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CurrentStateAndLocalTaxExpenseBenefit
17000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
83000
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
207000
CY2019 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
53000
CY2018 us-gaap Current Federal State And Local Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
207000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17000
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13200000
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5200000
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1300000
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13660000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
21834000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
10932000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5231000
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
14946000
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5630000
CY2020 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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-2116000
CY2019 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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-2792000
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15750000
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8655000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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14240000
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5527000
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IncomeTaxExpenseBenefit
207000
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IncomeTaxExpenseBenefit
53000
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IncomeTaxExpenseBenefit
17000
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261472000
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260555000
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55574000
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50343000
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58112000
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11880000
CY2019Q4 pbyi Deferred Tax Assets Accrued Legal Verdict
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7624000
CY2020Q4 us-gaap Deferred Tax Asset Interest Carryforward
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3093000
CY2019Q4 us-gaap Deferred Tax Asset Interest Carryforward
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2839000
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CY2020Q4 us-gaap Deferred Tax Assets Other
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804000
CY2019Q4 us-gaap Deferred Tax Assets Other
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CY2019Q4 us-gaap Deferred Tax Liabilities Other
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0
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1626000
CY2020Q4 us-gaap Unrecognized Tax Benefits
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3276000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1968000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8777000
CY2020Q4 pbyi Milestone Payments Maximum Amount
MilestonePaymentsMaximumAmount
187500000
pbyi Milestone Payment
MilestonePayment
20600000
CY2020 pbyi Percentage Of Unpaid Portion Of Milestone Payments Interest Rate
PercentageOfUnpaidPortionOfMilestonePaymentsInterestRate
0.0625
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
67221000
CY2020Q4 pbyi Potential Milestone Payments
PotentialMilestonePayments
18400000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
51217000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70582000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50754000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52557000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-16933000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
3395000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-31463000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-14994000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16933000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3395000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31463000
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14994000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39291162
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39432030
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39695444
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39881131
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39291162
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39997571
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39695444
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39881131
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99067000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53919000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
56352000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-16885000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-11199000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10087000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-37424000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16885000
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11199000
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.97
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.44
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
38481824
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
38647775
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
38893757
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71079000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-24345000
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
39043706
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
66516000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50767000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
62629000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-44335000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-14201000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-30694000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-24345000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-44335000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14201000
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-30694000
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.65
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.17
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.37
CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.80
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37699024
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37819767
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
38043174
CY2018Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
38201056

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