2021 Q1 Form 10-K Financial Statement

#000156459021005610 Filed on February 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q3
Revenue $99.40M $91.54M $81.47M
YoY Change 173.75% 157.19% 215.78%
Cost Of Revenue $5.190M $5.480M $2.350M
YoY Change -248.29% 7.24% -12.31%
Gross Profit $94.21M $86.06M $79.12M
YoY Change 136.65% 182.26% 242.21%
Gross Profit Margin 94.78% 94.01% 97.12%
Selling, General & Admin $53.26M $51.04M $42.12M
YoY Change 12.08% 21.87% 2.72%
% of Gross Profit 56.53% 59.31% 53.24%
Research & Development $147.5M $131.1M $87.31M
YoY Change 30.59% 57.84% -12.81%
% of Gross Profit 156.58% 152.34% 110.36%
Depreciation & Amortization $3.367M $3.130M $3.090M
YoY Change 18.14% 44.24% 44.39%
% of Gross Profit 3.57% 3.64% 3.91%
Operating Expenses $200.8M $187.6M $131.8M
YoY Change 27.9% 44.28% -8.38%
Operating Profit -$106.6M -$101.6M -$50.32M
YoY Change -11.68% 2.02% -57.37%
Interest Expense -$19.98M $80.04M -$10.18M
YoY Change -288.67% 1810.26% -285.43%
% of Operating Profit
Other Income/Expense, Net -$795.0K -$7.900M $547.0K
YoY Change 74.34% 706.12% -457.52%
Pretax Income -$135.8M -$23.94M -$68.53M
YoY Change 14.46% -73.76% -39.19%
Income Tax $379.0K $70.00K $313.0K
% Of Pretax Income
Net Earnings -$136.1M -$24.01M -$68.85M
YoY Change 14.38% -74.4% -39.07%
Net Earnings / Revenue -136.97% -26.23% -84.5%
Basic Earnings Per Share -$0.37 -$1.13
Diluted Earnings Per Share -$2.029M -$0.37 -$1.13
COMMON SHARES
Basic Shares Outstanding 66.95M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $965.4M $1.202B $765.5M
YoY Change 45.55% 59.09% 45.23%
Cash & Equivalents $383.8M $713.5M $197.5M
Short-Term Investments $581.6M $488.0M $568.0M
Other Short-Term Assets $68.00M $57.60M $64.20M
YoY Change 4.94% 12.06% 30.49%
Inventory $12.46M $13.05M $14.46M
Prepaid Expenses
Receivables $25.00M $23.09M $27.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.071B $1.295B $872.0M
YoY Change 19.75% 52.21% 42.14%
LONG-TERM ASSETS
Property, Plant & Equipment $126.1M $73.52M $86.40M
YoY Change 51.2% 65.77% 35.85%
Goodwill $44.41M
YoY Change 0.0%
Intangibles $131.1M
YoY Change 1.64%
Long-Term Investments $216.4M $165.9M $129.3M
YoY Change 180.67% 404.26% 391.63%
Other Assets $8.900M $8.812M $5.092M
YoY Change 81.63% 153.87% 64.26%
Total Long-Term Assets $526.9M $464.3M $396.4M
YoY Change 55.52% 63.19% 48.79%
TOTAL ASSETS
Total Short-Term Assets $1.071B $1.295B $872.0M
Total Long-Term Assets $526.9M $464.3M $396.4M
Total Assets $1.598B $1.760B $1.268B
YoY Change 29.58% 54.96% 44.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.70M $12.92M $10.85M
YoY Change 9.03% 0.4% -19.63%
Accrued Expenses $82.70M $108.5M $79.65M
YoY Change 22.12% 30.41% 14.51%
Deferred Revenue $25.09M $66.57M $102.9M
YoY Change -82.73% 643012.5%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K
YoY Change
Total Short-Term Liabilities $127.0M $189.6M $201.2M
YoY Change -35.5% 83.55% 122.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $700.0K $0.00
YoY Change
Other Long-Term Liabilities $382.8M $7.349M $367.7M
YoY Change -2.79% -97.87% 1078.53%
Total Long-Term Liabilities $382.8M $7.349M $367.7M
YoY Change -2.79% -97.87% 1078.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.0M $189.6M $201.2M
Total Long-Term Liabilities $382.8M $7.349M $367.7M
Total Liabilities $543.2M $605.2M $602.2M
YoY Change -12.95% 25.63% 294.36%
SHAREHOLDERS EQUITY
Retained Earnings -$1.620B
YoY Change 13.02%
Common Stock $67.00K
YoY Change 15.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.055B $1.154B $666.2M
YoY Change
Total Liabilities & Shareholders Equity $1.598B $1.760B $1.268B
YoY Change 29.58% 54.96% 44.15%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income -$136.1M -$24.01M -$68.85M
YoY Change 14.38% -74.4% -39.07%
Depreciation, Depletion And Amortization $3.367M $3.130M $3.090M
YoY Change 18.14% 44.24% 44.39%
Cash From Operating Activities -$159.3M -$62.45M -$61.97M
YoY Change 67.46% -13.31% -29.98%
INVESTING ACTIVITIES
Capital Expenditures $16.41M -$19.68M -$6.050M
YoY Change 16.44% 71.13% 20.28%
Acquisitions
YoY Change
Other Investing Activities -$166.0M $117.6M -$89.70M
YoY Change 104.87% 49.28% -206.34%
Cash From Investing Activities -$182.4M $97.90M -$95.76M
YoY Change 91.77% 45.53% -220.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.65M 489.7M 19.13M
YoY Change -77.26% 55.24% 2025.56%
NET CHANGE
Cash From Operating Activities -159.3M -62.45M -61.97M
Cash From Investing Activities -182.4M 97.90M -95.76M
Cash From Financing Activities 12.65M 489.7M 19.13M
Net Change In Cash -329.9M 525.2M -138.6M
YoY Change 143.85% 69.04% 1571.89%
FREE CASH FLOW
Cash From Operating Activities -$159.3M -$62.45M -$61.97M
Capital Expenditures $16.41M -$19.68M -$6.050M
Free Cash Flow -$175.8M -$42.77M -$55.92M
YoY Change 60.88% -29.35% -33.01%

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CY2018 rare Allocated Share Based Compensation Expense Net Of Capitalized Inventory Cost
AllocatedShareBasedCompensationExpenseNetOfCapitalizedInventoryCost
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CY2019 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12261000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8539000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19538000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
221000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-688000
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2020 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
170403000
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2020 rare Non Cash Collaboration Royalty Revenue
NonCashCollaborationRoyaltyRevenue
12995000
CY2020 rare Non Cash Interest Expense On Liability Related To Sale Of Future Royalties
NonCashInterestExpenseOnLiabilityRelatedToSaleOfFutureRoyalties
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CY2019 rare Non Cash Interest Expense On Liability Related To Sale Of Future Royalties
NonCashInterestExpenseOnLiabilityRelatedToSaleOfFutureRoyalties
1135000
CY2018 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
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OtherNoncashIncomeExpense
-1167000
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1933000
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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IncreaseDecreaseInAccountsReceivable
-9840000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20104000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7583000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1346000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4451000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5283000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2748000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8216000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14285000
CY2020 rare Increase Decrease In Accounts Payable Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherOperatingLiabilities
26853000
CY2019 rare Increase Decrease In Accounts Payable Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherOperatingLiabilities
13312000
CY2018 rare Increase Decrease In Accounts Payable Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherOperatingLiabilities
2361000
CY2020 rare Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
66568000
CY2019 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
2140000
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NetCashProvidedByUsedInOperatingActivities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-345383000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43905000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24832000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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PaymentsToAcquireAvailableForSaleSecuritiesDebt
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PaymentsToAcquireEquityMethodInvestments
37062000
CY2019 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
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CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
50990000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
42718000
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
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CY2020 rare Proceeds From Sale Of Equity Investment
ProceedsFromSaleOfEquityInvestment
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CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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589806000
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
676238000
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
302564000
CY2018 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
170322000
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5555000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019 rare Proceeds From Royalties Received Financing Activities
ProceedsFromRoyaltiesReceivedFinancingActivities
314234000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
435556000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
330415000
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2020 rare Proceeds From Issuance Of Common Stock In Connection With License Agreement
ProceedsFromIssuanceOfCommonStockInConnectionWithLicenseAgreement
55268000
CY2020 rare Proceeds From Issuance Of Common Stock At Market Offering
ProceedsFromIssuanceOfCommonStockAtMarketOffering
20391000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
27828000
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ProceedsFromPaymentsForOtherFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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1119000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-472000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
290050000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12484000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
436244000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115525000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
103041000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
436244000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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115525000
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18775000
CY2019 rare Operating And Finance Lease Liability From Obtaining Right Of Use Assets
OperatingAndFinanceLeaseLiabilityFromObtainingRightOfUseAssets
21861000
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EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1304000
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1206000
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1058000
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CapitalExpendituresIncurredButNotYetPaid
8515000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10367000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1192000
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UseOfEstimates
<p style="margin-bottom:0pt;margin-top:13pt;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:4pt;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 accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities and the reported amounts of expenses in the consolidated financial statements and the accompanying notes. On an ongoing basis, management evaluates its estimates, including those related to clinical trial accruals, fair value of assets and liabilities, income taxes, stock-based compensation, and the liability related to the sale of future royalties. Management bases its estimates on historical experience and on various other market-specific and relevant assumptions that management believes to be reasonable under the circumstances. Actual results could differ from those estimates.</p>
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CashAndCashEquivalentsAtCarryingValue
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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RestrictedCashCurrent
10847000
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
271000
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RestrictedCashNoncurrent
1921000
CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2499000
CY2018Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1822000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
436244000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115525000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
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InvestmentsFairValueDisclosure
1327662000
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
768920000
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AvailableForSaleSecuritiesAmortizedCost
1172646000
CY2020Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
277000
CY2020Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
17000
CY2020Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1172906000
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AvailableForSaleSecuritiesAmortizedCost
741009000
CY2019Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
172000
CY2019Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
13000
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
741168000
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AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
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8300000
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InventoryWorkInProcess
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CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
8191000
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InventoryFinishedGoods
5864000
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3355000
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InventoryNet
13048000
CY2019Q4 us-gaap Inventory Net
InventoryNet
11546000
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PropertyPlantAndEquipmentGross
110907000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
70336000
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
37392000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25988000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
73515000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44348000
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DepreciationExcludingIntangibleAmortization
12100000
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DepreciationExcludingIntangibleAmortization
7200000
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ResearchClinicalStudyAndManufacturingExpenses
25875000
CY2019Q4 rare Research Clinical Study And Manufacturing Expenses
ResearchClinicalStudyAndManufacturingExpenses
22894000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
58176000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
41324000
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OtherAccruedLiabilitiesCurrent
24440000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18976000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
108491000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
83194000
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GoodwillAndIntangibleAssetImpairment
0
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RevenueFromContractWithCustomerExcludingAssessedTax
271030000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103714000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
271030000
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ContractWithCustomerAssetNet
2979000
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ContractWithCustomerLiabilityAdditionsDuringPeriod
-155788000
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ContractWithCustomerLiabilityAdditionsDuringPeriod
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ContractWithCustomerLiabilityDeductionsDuringPeriod
-89220000
CY2019 rare Contract With Customer Liability Deductions During Period
ContractWithCustomerLiabilityDeductionsDuringPeriod
3483000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
66568000
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0.71
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PercentageOfGrossAccountsReceivableBalance
0.87
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VariableLeaseCost
3298000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
2779000
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FinanceLeaseRightOfUseAssetAmortization
158000
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FinanceLeaseInterestExpense
40000
CY2020 us-gaap Lease Cost
LeaseCost
13660000
CY2019 us-gaap Lease Cost
LeaseCost
11942000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
10300000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11418000
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FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
513000
CY2020 rare Lessee Operating Lease Expiry Year
LesseeOperatingLeaseExpiryYear
2028
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LesseeOperatingLeaseOptionToExtend
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LeaseAndRentalExpense
6400000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
10164000
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OperatingLeaseCost
9163000
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11904000
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12148000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
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10319000
CY2020Q4 rare Operating And Finance Lease Liability Payments Due Year Four
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10319000
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1245000
CY2020Q4 rare Operating And Finance Lease Liability Payments Due Year Five
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6247000
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3456000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8516000
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6247000
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
55492000
CY2020Q4 rare Operating And Finance Lease Liability Payments Due
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8426000
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FinanceLeaseLiabilityUndiscountedExcessAmount
84000
CY2020Q4 rare Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
8510000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
460000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
47066000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1161000
CY2020Q4 rare Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
48227000
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OperatingAndFinanceLeaseLiabilityCurrent
8976000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
38550000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
701000
CY2020Q4 rare Operating And Finance Lease Liability Noncurrent
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CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M25D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M3D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0670
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0558
CY2018 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
170300000
CY2019 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
314234000
CY2019 rare Non Cash Interest Expense On Liability Related To Sale Of Future Royalties
NonCashInterestExpenseOnLiabilityRelatedToSaleOfFutureRoyalties
1135000
CY2019Q4 rare Liability Related To Sale Of Future Royalties
LiabilityRelatedToSaleOfFutureRoyalties
315369000
CY2020 rare Non Cash Collaboration Royalty Revenue
NonCashCollaborationRoyaltyRevenue
12995000
CY2020 rare Non Cash Interest Expense On Liability Related To Sale Of Future Royalties
NonCashInterestExpenseOnLiabilityRelatedToSaleOfFutureRoyalties
33291000
CY2020Q4 rare Liability Related To Sale Of Future Royalties
LiabilityRelatedToSaleOfFutureRoyalties
335665000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5399410
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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EquitySecuritiesFvNiGainLoss
79055000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.13
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.05
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.13
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18172000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24149000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25800000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35593000
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
117386000
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
136623000
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
143833000
CY2019Q4 us-gaap Operating Expenses
OperatingExpenses
130045000
CY2019Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
9828000
CY2019Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
2166000
CY2019Q4 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1419000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-96756000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-99172000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-112994000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-93805000
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.82
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.72
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.96
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.62

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