2015 Q3 Form 10-Q Financial Statement
#000114519715000059 Filed on August 12, 2015
Income Statement
Concept | 2015 Q3 | 2015 Q2 | 2014 Q2 |
---|---|---|---|
Revenue | $71.39M | $60.55M | $57.58M |
YoY Change | 18.93% | 5.17% | -4.19% |
Cost Of Revenue | $39.82M | $30.04M | $36.25M |
YoY Change | 7.8% | -17.14% | 8.99% |
Gross Profit | $31.57M | $30.52M | $31.83M |
YoY Change | -6.44% | -4.13% | 18.63% |
Gross Profit Margin | 44.22% | 50.4% | 55.28% |
Selling, General & Admin | $36.33M | $32.51M | $34.37M |
YoY Change | 7.61% | -5.42% | 25.06% |
% of Gross Profit | 115.08% | 106.52% | 107.97% |
Research & Development | $10.04M | $12.07M | $6.677M |
YoY Change | 40.19% | 80.75% | 29.05% |
% of Gross Profit | 31.79% | 39.55% | 20.98% |
Depreciation & Amortization | $4.300M | $3.680M | $3.030M |
YoY Change | 40.07% | 21.45% | 5.94% |
% of Gross Profit | 13.62% | 12.06% | 9.52% |
Operating Expenses | $46.37M | $44.57M | $41.05M |
YoY Change | 13.31% | 8.6% | 25.69% |
Operating Profit | -$14.79M | -$14.06M | -$5.280M |
YoY Change | 414.39% | 166.27% | -9.31% |
Interest Expense | -$3.100M | -$3.200M | $300.0K |
YoY Change | -16.22% | -1166.67% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$3.146M | -$3.193M | -$23.78M |
YoY Change | -60.42% | -86.57% | 419.31% |
Pretax Income | -$17.94M | -$17.25M | -$29.06M |
YoY Change | 65.75% | -40.63% | 179.39% |
Income Tax | $44.00K | $15.00K | $52.00K |
% Of Pretax Income | |||
Net Earnings | -$18.93M | -$15.43M | -$29.11M |
YoY Change | 74.52% | -46.99% | 176.75% |
Net Earnings / Revenue | -26.51% | -25.49% | -50.56% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$332.2K | -$271.1K | -$525.3K |
COMMON SHARES | |||
Basic Shares Outstanding | 56.90M shares | 56.75M shares | 55.41M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q3 | 2015 Q2 | 2014 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $145.5M | $145.1M | $175.5M |
YoY Change | -0.61% | -17.32% | 16.3% |
Cash & Equivalents | $145.5M | $145.1M | $175.5M |
Short-Term Investments | |||
Other Short-Term Assets | $4.000M | $3.400M | $5.700M |
YoY Change | 17.65% | -40.35% | -13.64% |
Inventory | $13.02M | $23.44M | $8.765M |
Prepaid Expenses | |||
Receivables | $31.80M | $31.83M | $41.80M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $194.3M | $203.8M | $231.8M |
YoY Change | -5.94% | -12.08% | 17.6% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $41.54M | $42.04M | $34.16M |
YoY Change | 13.54% | 23.07% | 16.45% |
Goodwill | $2.403M | $37.54M | $37.54M |
YoY Change | -93.6% | 0.0% | 0.0% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $4.384M | $4.687M | $5.919M |
YoY Change | -20.19% | -20.81% | 213.84% |
Total Long-Term Assets | $98.78M | $96.56M | $93.50M |
YoY Change | 4.44% | 3.28% | 5.02% |
TOTAL ASSETS | |||
Total Short-Term Assets | $194.3M | $203.8M | $231.8M |
Total Long-Term Assets | $98.78M | $96.56M | $93.50M |
Total Assets | $293.1M | $300.4M | $325.3M |
YoY Change | -2.68% | -7.66% | 13.69% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $15.61M | $17.92M | $18.61M |
YoY Change | -11.91% | -3.73% | 62.66% |
Accrued Expenses | $35.55M | $26.44M | $24.59M |
YoY Change | 40.98% | 7.54% | 21.27% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $6.000M | $6.200M | $23.87M |
YoY Change | 50.0% | -74.03% | |
Total Short-Term Liabilities | $59.44M | $52.68M | $71.20M |
YoY Change | 24.44% | -26.01% | 110.32% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $173.9M | $172.2M | $165.9M |
YoY Change | 3.85% | 3.83% | 52.64% |
Other Long-Term Liabilities | $3.619M | $2.921M | $1.521M |
YoY Change | 40.27% | 92.04% | -32.28% |
Total Long-Term Liabilities | $177.5M | $175.1M | $167.4M |
YoY Change | 4.41% | 4.63% | 50.92% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $59.44M | $52.68M | $71.20M |
Total Long-Term Liabilities | $177.5M | $175.1M | $167.4M |
Total Liabilities | $238.0M | $230.1M | $242.5M |
YoY Change | 7.76% | -5.09% | 64.04% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$624.2M | -$605.3M | -$561.8M |
YoY Change | 9.01% | 7.75% | 11.74% |
Common Stock | $57.00K | $57.00K | $55.00K |
YoY Change | 1.79% | 3.64% | 1.85% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $55.13M | $70.26M | $77.88M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $293.1M | $300.4M | $325.3M |
YoY Change | -2.68% | -7.66% | 13.69% |
Cashflow Statement
Concept | 2015 Q3 | 2015 Q2 | 2014 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$18.93M | -$15.43M | -$29.11M |
YoY Change | 74.52% | -46.99% | 176.75% |
Depreciation, Depletion And Amortization | $4.300M | $3.680M | $3.030M |
YoY Change | 40.07% | 21.45% | 5.94% |
Cash From Operating Activities | $8.740M | $790.0K | $510.0K |
YoY Change | 81.33% | 54.9% | -88.33% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$2.530M | -$250.0K | -$3.590M |
YoY Change | -18.39% | -93.04% | 120.25% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$4.720M | ||
YoY Change | |||
Cash From Investing Activities | -$7.240M | -$250.0K | -$3.590M |
YoY Change | 133.55% | -93.04% | 120.25% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -960.0K | -1.000M | 33.01M |
YoY Change | -96.89% | -103.03% | 25292.31% |
NET CHANGE | |||
Cash From Operating Activities | 8.740M | 790.0K | 510.0K |
Cash From Investing Activities | -7.240M | -250.0K | -3.590M |
Cash From Financing Activities | -960.0K | -1.000M | 33.01M |
Net Change In Cash | 540.0K | -460.0K | 29.93M |
YoY Change | -101.85% | -101.54% | 942.86% |
FREE CASH FLOW | |||
Cash From Operating Activities | $8.740M | $790.0K | $510.0K |
Capital Expenditures | -$2.530M | -$250.0K | -$3.590M |
Free Cash Flow | $11.27M | $1.040M | $4.100M |
YoY Change | 42.3% | -74.63% | -31.67% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-06-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
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Entity Central Index Key
EntityCentralIndexKey
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Large Accelerated Filer | ||
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Entity Registrant Name
EntityRegistrantName
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INSULET CORP | ||
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Debt Conversion Converted Instrument Shares Issued1
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|
348535 | shares |
CY2014Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
32256000 | USD |
CY2015Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
29030000 | USD |
CY2014Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
4974000 | USD |
CY2015Q2 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
4411000 | USD |
CY2014Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
1554000 | USD |
CY2015Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
2088000 | USD |
CY2015Q2 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
200000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6100000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7114000 | USD | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.53 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.64 | ||
CY2015Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.27 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.48 | ||
CY2015Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
50300000 | USD |
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
18836000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
20599000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
2656000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
2665000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
1488000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1496000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1806000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
2190000 | USD |
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
32900000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
32900000 | USD |
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
14064000 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
12301000 | USD |
CY2011 | us-gaap |
Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
|
32900000 | USD |
CY2014Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-18943000 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-18943000 | USD | |
CY2014 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-23200000 | USD |
CY2015Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD | |
CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
19512000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
33771000 | USD | |
CY2015Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12856000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
28685000 | USD | |
CY2014Q4 | us-gaap |
Goodwill
Goodwill
|
37536000 | USD |
CY2015Q2 | us-gaap |
Goodwill
Goodwill
|
37536000 | USD |
CY2014Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD | |
CY2015Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD | |
CY2014Q2 | us-gaap |
Gross Profit
GrossProfit
|
35765000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
68573000 | USD | |
CY2015Q2 | us-gaap |
Gross Profit
GrossProfit
|
34375000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
67182000 | USD | |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-29059000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-35138000 | USD | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-15395000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-27177000 | USD | |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
52000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
117000 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
37000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
89000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
10534000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6876000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
355000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
534000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-699000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
10336000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-422000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
147000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1006000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-632000 | USD | |
CY2014Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
3975000 | USD |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
8464000 | USD | |
CY2015Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
3075000 | USD |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
6268000 | USD | |
CY2014Q2 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
1273000 | USD |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
2621000 | USD | |
CY2015Q2 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
1006000 | USD |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
2012000 | USD | |
CY2014Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
11992000 | USD |
CY2015Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
19725000 | USD |
CY2014Q4 | us-gaap |
Inventory Net
InventoryNet
|
13099000 | USD |
CY2015Q2 | us-gaap |
Inventory Net
InventoryNet
|
23435000 | USD |
CY2014Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
853000 | USD |
CY2015Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1465000 | USD |
CY2014Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
254000 | USD |
CY2015Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2245000 | USD |
CY2014Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
29000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
60000 | USD | |
CY2015Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
41000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
77000 | USD | |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
218327000 | USD |
CY2015Q2 | us-gaap |
Liabilities
Liabilities
|
230138000 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
302156000 | USD |
CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
300393000 | USD |
CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
44296000 | USD |
CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
52682000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
168994000 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
172220000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
32072000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1248000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5745000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4601000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-509000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2703000 | USD | |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-29111000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35255000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15432000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-27266000 | USD | |
CY2014Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-23779000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-27972000 | USD | |
CY2015Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-3034000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-6186000 | USD | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2014Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
41045000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
75739000 | USD | |
CY2015Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
46736000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
88173000 | USD | |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5280000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7166000 | USD | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12361000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-20991000 | USD | |
CY2015Q2 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
16340000 | USD |
CY2015Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
2290000 | USD |
CY2015Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
2181000 | USD |
CY2015Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
2308000 | USD |
CY2015Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
2327000 | USD |
CY2015Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
6080000 | USD |
CY2015Q2 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
1154000 | USD |
CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
5291000 | USD |
CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
4687000 | USD |
CY2014Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2774000 | USD |
CY2015Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2921000 | USD |
CY2014Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-890000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-625000 | USD | |
CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
5000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5890000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2427000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5745000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4601000 | USD | |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4022000 | USD |
CY2015Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3431000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5339000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6489000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
194570000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
CY2013Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3090000 | USD |
CY2014Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3100000 | USD |
CY2014Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
2505000 | USD |
CY2014Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
2614000 | USD |
CY2015Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
2661000 | USD |
CY2015Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3167000 | USD |
CY2014Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
981000 | USD |
CY2015Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
1566000 | USD |
CY2014Q4 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
1633000 | USD |
CY2015Q2 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
1601000 | USD |
CY2014Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
445000 | USD |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
1127000 | USD | |
CY2015Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
748000 | USD |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
1168000 | USD | |
CY2014Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
-150000 | USD |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
542000 | USD | |
CY2015Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
1254000 | USD |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
1721000 | USD | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
37069000 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
42040000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1804000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1180000 | USD | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
160685000 | USD | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
0 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1262000 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
2814000 | USD | |
CY2014Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6677000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
13456000 | USD | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12069000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
20276000 | USD | |
CY2014Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1200000 | USD |
CY2015Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1200000 | USD |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-578025000 | USD |
CY2015Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-605291000 | USD |
CY2014Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
72013000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
141174000 | USD | |
CY2015Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
75588000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
136803000 | USD | |
CY2014Q2 | us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
two | |
us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
two | ||
CY2015Q2 | us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
two | |
us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
one | ||
CY2014Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
14856000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
28512000 | USD | |
CY2015Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
21811000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
39212000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8577000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9630000 | USD | |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
841750 | shares |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
869820 | shares |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
27.05 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
7922000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
125420 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
1555866 | shares | |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
8262000 | USD |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1847669 | shares |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2879370 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
26.99 | |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
31.66 | |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
8039000 | USD |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
2589255 | shares |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
15.62 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
30.16 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
32.98 | ||
CY2015Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
6428000 | USD |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y8M0D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y5M0D | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
398745 | shares | |
CY2014Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
12600000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
83829000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
70255000 | USD |
CY2015Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2014Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
55425949 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
55258419 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
56808489 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
56653430 | shares | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">Nature of the Business</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Insulet Corporation, the "Company," is primarily engaged in the development, manufacturing and sale of its proprietary OmniPod Insulin Management System (the “OmniPod System”), an innovative, discreet and easy-to-use insulin infusion system for people with insulin-dependent diabetes. The OmniPod System features a unique disposable tubeless OmniPod which is worn on the body for approximately three days at a time and the handheld, wireless Personal Diabetes Manager (“PDM”). Conventional insulin pumps require people with insulin-dependent diabetes to learn to use, manage and wear a number of cumbersome components, including up to </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">42</font><font style="font-family:Arial;font-size:10pt;"> inches of tubing. In contrast, the OmniPod System features two discreet, easy-to-use devices that eliminate the need for a bulky pump, tubing and separate blood glucose meter, provides for virtually pain-free automated cannula insertion, communicates wirelessly and integrates a blood glucose meter. </font></div><div style="line-height:120%;padding-bottom:0px;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company acquired Neighborhood Holdings, Inc. and its wholly-owned subsidiaries (collectively, “Neighborhood Diabetes”) in </font><font style="font-family:Arial;font-size:10pt;">June 2011</font><font style="font-family:Arial;font-size:10pt;">, in order to expand the Company’s full-suite diabetes management product offerings and obtain access to a larger number of insulin dependent patients. Through Neighborhood Diabetes, the Company is able to provide customers with blood glucose testing supplies, traditional insulin pumps, pump supplies and pharmaceuticals and has the ability to process claims as either durable medical equipment or through pharmacy benefits.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Commercial sales of the OmniPod System began in the United States in </font><font style="font-family:Arial;font-size:10pt;">2005</font><font style="font-family:Arial;font-size:10pt;">. The Company sells the OmniPod System and other diabetes management supplies in the United States through direct sales to customers or through its distribution partners. The OmniPod System is currently available in multiple countries in Europe and in Canada.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates in Preparation of Financial Statements</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting periods. The most significant estimates used in these financial statements include the valuation of stock-based compensation expense, accounts receivable, inventories, goodwill, deferred revenue, and equity instruments, the lives of property and equipment and intangible assets, as well as warranty and doubtful accounts allowance reserve calculations. Actual results may differ from those estimates.</font></div></div> |