2011 Q4 Form 10-K Financial Statement
#000153217613000004 Filed on February 15, 2013
Income Statement
Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
---|---|---|---|
Revenue | $123.0M | $102.8M | $107.8M |
YoY Change | -8.02% | -2.99% | -6.98% |
Cost Of Revenue | $3.000M | $450.0K | $400.0K |
YoY Change | 400.0% | 12.5% | 0.0% |
Gross Profit | $120.0M | $102.4M | $107.4M |
YoY Change | -9.84% | -3.05% | -7.01% |
Gross Profit Margin | 97.58% | 99.56% | 99.62% |
Selling, General & Admin | $36.30M | $32.92M | $24.60M |
YoY Change | 76.21% | 109.66% | 67.35% |
% of Gross Profit | 30.25% | 32.15% | 22.91% |
Research & Development | $129.0M | $127.9M | $143.1M |
YoY Change | 3.04% | 4.86% | 14.94% |
% of Gross Profit | 107.5% | 124.95% | 133.24% |
Depreciation & Amortization | $7.900M | $8.300M | $7.900M |
YoY Change | 29.51% | 69.39% | 75.56% |
% of Gross Profit | 6.58% | 8.11% | 7.36% |
Operating Expenses | $165.4M | $160.8M | $167.7M |
YoY Change | 13.37% | 16.8% | 20.47% |
Operating Profit | -$45.40M | -$58.46M | -$60.30M |
YoY Change | 254.69% | 82.11% | 154.43% |
Interest Expense | -$9.500M | $4.061M | -$4.000M |
YoY Change | 280.0% | -284.59% | 73.91% |
% of Operating Profit | |||
Other Income/Expense, Net | $800.0K | -$3.346M | $1.000M |
YoY Change | 33.33% | -769.2% | 66.67% |
Pretax Income | -$54.10M | -$61.80M | -$63.40M |
YoY Change | 270.55% | 82.31% | 148.63% |
Income Tax | -$600.0K | $562.0K | -$900.0K |
% Of Pretax Income | |||
Net Earnings | -$53.44M | -$62.37M | -$62.51M |
YoY Change | 266.05% | 83.97% | 145.12% |
Net Earnings / Revenue | -43.46% | -60.65% | -57.98% |
Basic Earnings Per Share | -$0.68 | ||
Diluted Earnings Per Share | -$581.7K | -$0.68 | -$691.4K |
COMMON SHARES | |||
Basic Shares Outstanding | 91.05M shares | ||
Diluted Shares Outstanding | 91.05M shares |
Balance Sheet
Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $527.0M | $245.0M | $310.0M |
YoY Change | 111.65% | -48.85% | 1.31% |
Cash & Equivalents | $483.6M | $206.4M | $254.0M |
Short-Term Investments | $43.00M | $39.00M | $55.00M |
Other Short-Term Assets | $36.00M | $16.00M | $19.00M |
YoY Change | 38.46% | 14.29% | 18.75% |
Inventory | $16.61M | ||
Prepaid Expenses | |||
Receivables | $28.25M | $75.00M | $82.00M |
Other Receivables | $0.00 | $3.000M | $3.000M |
Total Short-Term Assets | $665.8M | $340.0M | $413.0M |
YoY Change | 85.97% | -40.97% | -1.2% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $368.0M | $364.0M | $362.0M |
YoY Change | 5.9% | 14.47% | 23.97% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $276.0M | $258.0M | $251.0M |
YoY Change | -25.41% | 578.95% | 258.57% |
Other Assets | $6.243M | $21.00M | $20.00M |
YoY Change | -55.41% | 110.0% | 100.0% |
Total Long-Term Assets | $657.8M | $643.0M | $634.0M |
YoY Change | -10.01% | 75.68% | 69.97% |
TOTAL ASSETS | |||
Total Short-Term Assets | $665.8M | $340.0M | $413.0M |
Total Long-Term Assets | $657.8M | $643.0M | $634.0M |
Total Assets | $1.324B | $983.0M | $1.047B |
YoY Change | 21.54% | 4.35% | 32.36% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $28.00M | $21.00M | $27.00M |
YoY Change | 55.56% | -8.7% | 68.75% |
Accrued Expenses | $68.00M | $58.00M | $55.00M |
YoY Change | 88.89% | 11.54% | 27.91% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $148.3M | $133.0M | $136.0M |
YoY Change | 36.03% | -0.75% | 13.33% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $435.0M | $159.0M | $159.0M |
YoY Change | 173.58% | 0.63% | 1.27% |
Other Long-Term Liabilities | $6.443M | $262.0M | $274.0M |
YoY Change | -97.8% | -13.25% | 92.96% |
Total Long-Term Liabilities | $6.443M | $421.0M | $433.0M |
YoY Change | -98.57% | -8.48% | 44.82% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $148.3M | $133.0M | $136.0M |
Total Long-Term Liabilities | $6.443M | $421.0M | $433.0M |
Total Liabilities | $837.9M | $555.0M | $569.0M |
YoY Change | 49.08% | -6.57% | 35.8% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.267B | ||
YoY Change | |||
Common Stock | $91.00K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $485.7M | $428.3M | $478.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.324B | $983.0M | $1.047B |
YoY Change | 21.54% | 4.35% | 32.36% |
Cashflow Statement
Concept | 2011 Q4 | 2011 Q3 | 2011 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$53.44M | -$62.37M | -$62.51M |
YoY Change | 266.05% | 83.97% | 145.12% |
Depreciation, Depletion And Amortization | $7.900M | $8.300M | $7.900M |
YoY Change | 29.51% | 69.39% | 75.56% |
Cash From Operating Activities | -$50.30M | -$46.80M | -$34.00M |
YoY Change | 22.98% | -128.98% | 198.25% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$11.30M | -$8.900M | -$14.80M |
YoY Change | -65.02% | -59.73% | -34.51% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$22.60M | $8.000M | $157.8M |
YoY Change | -92.99% | -88.93% | 509.27% |
Cash From Investing Activities | -$33.90M | -$900.0K | $143.0M |
YoY Change | -90.44% | -101.79% | 4105.88% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 361.4M | -300.0K | 10.10M |
YoY Change | 97.7% | -118.75% | 274.07% |
NET CHANGE | |||
Cash From Operating Activities | -50.30M | -46.80M | -34.00M |
Cash From Investing Activities | -33.90M | -900.0K | 143.0M |
Cash From Financing Activities | 361.4M | -300.0K | 10.10M |
Net Change In Cash | 277.2M | -48.00M | 119.1M |
YoY Change | -230.32% | -122.5% | -2347.17% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$50.30M | -$46.80M | -$34.00M |
Capital Expenditures | -$11.30M | -$8.900M | -$14.80M |
Free Cash Flow | -$39.00M | -$37.90M | -$19.20M |
YoY Change | 353.49% | -120.64% | -271.43% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
111345000 | USD |
CY2011Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
95625000 | USD |
CY2012Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
38934000 | USD |
CY2011Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
27736000 | USD |
CY2011Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
28254000 | USD |
CY2012Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
593207000 | USD |
CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
180513000 | USD |
CY2011Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
158139000 | USD |
CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1166000 | USD |
CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1862000 | USD |
CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1763508000 | USD |
CY2011Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1754824000 | USD |
CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
120623000 | USD |
CY2011Q4 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
120600000 | USD |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
94181000 | USD |
CY2010 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
39897000 | USD |
CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
56609000 | USD |
CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
93800000 | USD |
CY2012 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-824884000 | USD |
CY2010 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
203690000 | USD |
CY2011 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
80078000 | USD |
CY2011Q4 | us-gaap |
Assets
Assets
|
1323583000 | USD |
CY2012Q4 | us-gaap |
Assets
Assets
|
2080490000 | USD |
CY2012Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1206012000 | USD |
CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
665777000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
354990000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
325889000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
|
66835000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
|
111890000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
|
111774000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
|
63442000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
|
116000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
|
3393000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
322140000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
351565000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
|
354958000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
|
325159000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
702000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
1260000 | USD |
CY2011 | us-gaap |
Available For Sale Securities Income Tax Expense On Change In Unrealized Holding Gain Or Loss
AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss
|
-400000 | USD |
CY2012Q4 | us-gaap |
Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2
|
651000 | USD |
CY2011Q4 | us-gaap |
Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2
|
152000 | USD |
CY2012Q4 | us-gaap |
Availableforsale Securities Continuous Unrealized Loss Position Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses2
|
702000 | USD |
CY2011Q4 | us-gaap |
Availableforsale Securities Continuous Unrealized Loss Position Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses2
|
1260000 | USD |
CY2012Q4 | us-gaap |
Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2
|
51000 | USD |
CY2011Q4 | us-gaap |
Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2
|
1108000 | USD |
CY2012Q4 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
670000 | USD |
CY2011Q4 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
530000 | USD |
CY2010 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
2900000 | USD |
CY2011 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
700000 | USD |
CY2012 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
0 | USD |
CY2011Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
2500000 | USD |
CY2012Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
1300000 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
230276000 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
483610000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
207075000 | USD |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
112572000 | USD |
CY2010 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-94503000 | USD |
CY2011 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
371038000 | USD |
CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-253334000 | USD |
CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2012 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
750965000 | USD |
CY2011 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-221131000 | USD |
CY2010 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-108003000 | USD |
CY2012 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, marketable securities (see Note 6), and accounts receivable. Accounts receivable from product sales of EYLEA and ARCALYST are due from three distributors and several specialty pharmacies, who are the Company's customers. The Company has contractual payment terms with each of its customers, and the Company monitors its customers' financial performance and credit worthiness so that it can properly assess and respond to any changes in their credit profile. In addition, the Company may insure a portion of its accounts receivables within its overall risk management practices. During 2012, 2011, and 2010, the Company did not recognize any charges for write-offs of accounts receivable related to its marketed products. </font></div></div> | |
CY2012 | us-gaap |
Contracts Revenue
ContractsRevenue
|
2900000 | USD |
CY2010 | us-gaap |
Contracts Revenue
ContractsRevenue
|
6945000 | USD |
CY2011 | us-gaap |
Contracts Revenue
ContractsRevenue
|
6599000 | USD |
CY2011Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
275019000 | USD |
CY2012Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
296518000 | USD |
CY2012 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
84455000 | USD |
CY2011 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
4216000 | USD |
CY2010 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
2093000 | USD |
CY2010 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
556546000 | USD |
CY2012 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
920764000 | USD |
CY2011 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
650983000 | USD |
CY2012 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
4308000 | USD |
CY2012 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
4308000 | USD |
CY2012 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-300319000 | USD |
CY2010 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-340156000 | USD |
CY2011 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
CY2012Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
7995000 | USD |
CY2011Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
1428000 | USD |
CY2011Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
51640000 | USD |
CY2012Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
50831000 | USD |
CY2011Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
248610000 | USD |
CY2012Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
208342000 | USD |
CY2012 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-39837000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
120490000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
99659000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
350637000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
579970000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
578542000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
342642000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
|
148134000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
|
USD | |
CY2011Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
USD | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
192022000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
340156000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
77119000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
282480000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
15956000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
23511000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
1380000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
14847000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
67734000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
71164000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
53367000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
47092000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2486000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
578542000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
|
6824000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
|
1171000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
|
1428000 | USD |
CY2011 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
4100000 | USD |
CY2010 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
3200000 | USD |
CY2012 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
6300000 | USD |
CY2011 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
31082000 | USD |
CY2012 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
36940000 | USD |
CY2010 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
19687000 | USD |
CY2012Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
99913000 | USD |
CY2011Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
74781000 | USD |
CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
7.92 | |
CY2011 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.45 | |
CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.26 | |
CY2012Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.92 | |
CY2012Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.02 | |
CY2012Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.81 | |
CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.12 | |
CY2011Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.68 | |
CY2011Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.49 | |
CY2011Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.58 | |
CY2011Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.69 | |
CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.26 | |
CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.75 | |
CY2011 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.45 | |
CY2012Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.72 | |
CY2012Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.70 | |
CY2012Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.08 | |
CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
CY2012 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.811 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2010 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-1.390 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.054 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
|
0.028 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
0.093 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.054 | |
CY2011Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
42835000 | USD |
CY2012Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
19987000 | USD |
CY2012 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
4308000 | USD |
CY2011 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
USD | |
CY2010 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
USD | |
CY2012 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
2800000 | USD |
CY2012Q3 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
65000000 | USD |
CY2010 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
CY2011 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
CY2011 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-222892000 | USD |
CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
414421000 | USD |
CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-104468000 | USD |
CY2012 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-335848000 | USD |
CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
CY2011 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1132000 | USD |
CY2012 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-335848000 | USD |
CY2012Q4 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-335800000 | USD |
CY2012 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
340200000 | USD |
CY2010 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
7605000 | USD |
CY2011 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
50016000 | USD |
CY2012 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
10979000 | USD |
CY2010 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
17518000 | USD |
CY2011 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
21118000 | USD |
CY2012 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
590085000 | USD |
CY2012 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
340200000 | USD |
CY2010 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
158151000 | USD |
CY2012 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-41077000 | USD |
CY2011 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-40329000 | USD |
CY2010 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
8212000 | USD |
CY2012 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
52616000 | USD |
CY2011 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
6992000 | USD |
CY2010 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
5941000 | USD |
CY2011 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
277000 | USD |
CY2012 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
552000 | USD |
CY2010 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
shares | |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
990000 | shares |
CY2011 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
shares | |
CY2010 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
shares | |
CY2011 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
shares | |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
4761000 | shares |
CY2011 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
14231000 | shares |
CY2010 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | |
CY2010 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
3700000 | USD |
CY2012 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | USD |
CY2011 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | USD |
CY2010 | us-gaap |
Interest Expense
InterestExpense
|
9118000 | USD |
CY2011 | us-gaap |
Interest Expense
InterestExpense
|
21282000 | USD |
CY2012 | us-gaap |
Interest Expense
InterestExpense
|
45304000 | USD |
CY2011 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
USD | |
CY2010 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
USD | |
CY2012 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
29126000 | USD |
CY2011 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14725000 | USD |
CY2012 | us-gaap |
Interest Paid Net
InterestPaidNet
|
21946000 | USD |
CY2010 | us-gaap |
Interest Paid Net
InterestPaidNet
|
12737000 | USD |
CY2012Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2570000 | USD |
CY2011Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1142000 | USD |
CY2011Q4 | us-gaap |
Inventory Net
InventoryNet
|
16614000 | USD |
CY2012Q4 | us-gaap |
Inventory Net
InventoryNet
|
28638000 | USD |
CY2012Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
4862000 | USD |
CY2011Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
4666000 | USD |
CY2012Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3600000 | USD |
CY2011Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
0 | USD |
CY2012Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
14656000 | USD |
CY2011Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
8846000 | USD |
CY2010 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | USD |
CY2011 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
500000 | USD |
CY2012 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
17000000 | USD |
CY2011 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
3549000 | USD |
CY2010 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
2122000 | USD |
CY2012 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
2012000 | USD |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
835105000 | USD |
CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
837851000 | USD |
CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1323583000 | USD |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2080490000 | USD |
CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
163550000 | USD |
CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
148271000 | USD |
CY2010 | us-gaap |
Licenses Revenue
LicensesRevenue
|
40150000 | USD |
CY2012 | us-gaap |
Licenses Revenue
LicensesRevenue
|
23571000 | USD |
CY2011 | us-gaap |
Licenses Revenue
LicensesRevenue
|
24858000 | USD |
CY2011Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
43332000 | USD |
CY2012Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
77819000 | USD |
CY2011Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
275887000 | USD |
CY2012Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
271230000 | USD |
CY2012 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Business</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Regeneron Pharmaceuticals, Inc. and its subsidiaries (collectively, the “Company” or “Regeneron”) is a fully integrated biopharmaceutical company that discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions. The Company currently has three marketed products as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EYLEA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;"> (aflibercept) Injection, known in the scientific literature as VEGF Trap-Eye, which is available in the United States for the treatment of neovascular age-related macular degeneration ("wet AMD") and macular edema following central retinal vein occlusion ("CRVO"), and in the United Kingdom, Germany, Switzerland, Australia, Japan, and certain other countries, for the treatment of wet AMD. The Company commenced sales of EYLEA for the treatment of wet AMD in November 2011 and for the treatment of macular edema following CRVO in September 2012, following receipt of regulatory approvals in the United States. Bayer HealthCare LLC commenced sales of EYLEA for the treatment of wet AMD in the fourth quarter of 2012 following receipt of regulatory approvals in the European Union ("EU") and other regions. Regeneron is collaborating with Bayer HealthCare on the global development and commercialization of EYLEA outside the United States. Regeneron maintains exclusive rights to EYLEA in the United States and is entitled to all profits from any such sales. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ZALTRAP</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;"> (ziv-aflibercept) Injection for Intravenous Infusion, known in the scientific literature as VEGF Trap, which is available in the United States for treatment, in combination with 5-fluorouracil, leucovorin, irinotecan ("FOLFIRI"), for patients with metastatic colorectal cancer ("mCRC") that is resistant to or has progressed following an oxaliplatin-containing regimen. Marketing approval for ZALTRAP was received from the U.S. Food and Drug Administration ("FDA") in August 2012. Regeneron and Sanofi globally collaborate on the development and commercialization of ZALTRAP.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ARCALYST</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:inherit;font-size:10pt;"> (rilonacept) Injection for Subcutaneous Use, which is available in the United States for the treatment of Cryopyrin-Associated Periodic Syndromes ("CAPS"), including Familial Cold Auto-inflammatory Syndrome ("FCAS") and Muckle-Wells Syndrome ("MWS"), in adults and children 12 and older. Marketing approval for ARCALYST for the treatment of CAPS was received from the FDA in 2008.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's facilities are primarily located in New York. The Company's business is subject to certain risks including, but not limited to, uncertainties relating to conducting pharmaceutical research, obtaining regulatory approvals, commercializing products, and obtaining and enforcing patents.</font></div></div> | |
CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
243306000 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-97646000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
384249000 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-81073000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
128471000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-437031000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-141682000 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-74615000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
99222000 | USD |
CY2011 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-221760000 | USD |
CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
750269000 | USD |
CY2010 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-104468000 | USD |
CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-43447000 | USD |
CY2011Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-53443000 | USD |
CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11651000 | USD |
CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62365000 | USD |
CY2012Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
470407000 | USD |
CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
76743000 | USD |
CY2011Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62505000 | USD |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
191468000 | USD |
CY2010 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-104468000 | USD |
CY2011 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-221760000 | USD |
CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
779395000 | USD |
CY2010 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3798000 | USD |
CY2012 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
163300000 | USD |
CY2010 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
605124000 | USD |
CY2010 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-6996000 | USD |
CY2011 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-17733000 | USD |
CY2012 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-43292000 | USD |
CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-205159000 | USD |
CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
457713000 | USD |
CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-97472000 | USD |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
92245000 | USD |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
8752000 | USD |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
7517000 | USD |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
7857000 | USD |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
7772000 | USD |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
7827000 | USD |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
52520000 | USD |
CY2012 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
8029000 | USD |
CY2010 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
7636000 | USD |
CY2011 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
7790000 | USD |
CY2012Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
19569000 | USD |
CY2011Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
11257000 | USD |
CY2012Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
23100000 | USD |
CY2011Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
6243000 | USD |
CY2011 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
629000 | USD |
CY2012 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
696000 | USD |
CY2010 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-3535000 | USD |
CY2011Q4 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
1960000 | USD |
CY2012Q4 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
6550000 | USD |
CY2011Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
6443000 | USD |
CY2012Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
7259000 | USD |
CY2011 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-6224000 | USD |
CY2012 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-34049000 | USD |
CY2010 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-4037000 | USD |
CY2012 | us-gaap |
Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
|
USD | |
CY2010 | us-gaap |
Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
|
USD | |
CY2011 | us-gaap |
Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
|
117500000 | USD |
CY2011 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
25078000 | USD |
CY2012 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
470393000 | USD |
CY2011 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
240391000 | USD |
CY2011 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
57217000 | USD |
CY2010 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
99689000 | USD |
CY2012 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
49337000 | USD |
CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
30000000 | shares |
CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
30000000 | shares |
CY2011Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2011Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2011Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
35800000 | USD |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
56663000 | USD |
CY2012 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period amounts to conform with the current period's presentation. </font></div></div> | |
CY2012 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
CY2010 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
CY2011 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
391107000 | USD |
CY2010 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
200588000 | USD |
CY2012 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
63549000 | USD |
CY2011 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
43587000 | USD |
CY2011 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
93800000 | USD |
CY2010 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
USD | |
CY2012 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
USD | |
CY2011Q4 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
93800000 | USD |
CY2011 | us-gaap |
Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
|
USD | |
CY2012 | us-gaap |
Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
|
USD | |
CY2010 | us-gaap |
Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
|
47544000 | USD |
CY2012 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
439209000 | USD |
CY2010 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
273723000 | USD |
CY2011 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
426356000 | USD |
CY2011Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
526094000 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
560453000 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
379940000 | USD |
CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
367955000 | USD |
CY2011Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
200000 | USD |
CY2010Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
200000 | USD |
CY2012Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
3800000 | USD |
CY2012 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
2203000 | USD |
CY2011 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1667000 | USD |
CY2010 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1028000 | USD |
CY2010 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
489252000 | USD |
CY2011 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
529506000 | USD |
CY2012 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
625554000 | USD |
CY2012Q4 | us-gaap |
Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
|
8186000 | USD |
CY2011Q4 | us-gaap |
Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
|
7721000 | USD |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-517054000 | USD |
CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1267323000 | USD |
CY2012 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
423814000 | USD |
CY2010 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
311332000 | USD |
CY2011 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
326609000 | USD |
CY2012 | us-gaap |
Revenue Recognition Interest
RevenueRecognitionInterest
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Investment Income</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income, which is included in investment income, is recognized as earned.</font></div></div> | |
CY2012 | us-gaap |
Revenue Recognition Long Term Contracts
RevenueRecognitionLongTermContracts
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collaboration Revenue</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company earns collaboration revenue in connection with collaboration agreements to develop and commercialize product candidates and utilize the Company's technology platforms. The terms of these agreements typically include non-refundable up-front licensing payments, research progress (milestone) payments, payments for development activities, and sharing of profits or losses arising from the commercialization of products. Non-refundable up-front license payments, where continuing involvement is required of the Company, are deferred and recognized over the related performance period. The Company estimates its performance period based on the specific terms of each agreement, and adjusts the performance periods, if appropriate, based on the applicable facts and circumstances. Although the Company did not enter into, or materially modify, any collaboration arrangements with multiple-deliverables during the years ended December 31, 2011 and 2012, any future arrangements with multiple deliverables will be divided into separate units of accounting if the deliverables in the arrangement meet certain criteria, including whether the delivered item or items has value to the collaborator on a standalone basis.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">Payments which are based on achieving a specific substantive performance milestone, involving a degree of risk, are recognized as revenue when the milestone is achieved and the related payment is due and non-refundable, provided there is no future service obligation associated with that milestone. Substantive performance milestones typically consist of significant achievements in the development life-cycle of the related product candidate, such as completion of clinical trials, filing for approval with regulatory agencies, and receipt of approvals by regulatory agencies. In determining whether a payment is deemed to be a substantive performance milestone, the Company takes into consideration (i) the enhancement in value to the related development product candidate, (ii) the Company's performance and relative level of effort required to achieve the milestone, (iii) whether the milestone relates solely to past performance, and (iv) whether the milestone payment is considered reasonable relative to all of the deliverables and payment terms. Payments for achieving milestones which are not considered substantive are deferred and recognized over the related performance period. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company enters into collaboration agreements that include varying arrangements regarding which parties perform and bear the costs of research and development activities. The Company may</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">share the costs of research and development activities with a collaborator, such as in the Company's EYLEA collaboration with Bayer HealthCare, or the Company may be reimbursed for all or a significant portion of the costs of the Company's research and development activities, such as in the Company's ZALTRAP and antibody collaborations with Sanofi. The Company records its internal and third-party development costs associated with these collaborations as research and development expenses. When the Company is entitled to reimbursement of all or a portion of the research and development expenses that it incurs under a collaboration, the Company records those reimbursable amounts as collaboration revenue proportionately as the Company recognizes its expenses. If the collaboration is a cost-sharing arrangement in which both the Company and its collaborator perform development work and share costs, in periods when the Company's collaborator incurs development expenses that benefit the collaboration and Regeneron, the Company also recognizes, as additional research and development expense, the portion of the collaborator's development expenses that the Company is obligated to reimburse. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company may also be obligated to use commercially reasonable efforts to supply commercial product to its collaborators. In such cases, the Company is reimbursed for its manufacturing costs as commercial product is shipped to its collaborators; however, recognition of such cost reimbursements as collaboration revenue is deferred until the product is sold by the Company's collaborators to third-party customers, at which time the Company's risk of inventory loss no longer exists. In addition, at that time, the related manufacturing costs for the sold product, which had been capitalized into inventory, are recognized by the Company.</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the Company's collaboration agreements, product sales and cost of sales are recorded by the Company's collaborators. The Company shares in any profits or losses arising from the commercialization of collaboration products. The Company records its share of the profits or losses, representing net product sales less cost of goods sold and shared commercialization and other expenses, from commercialization of such products as collaboration revenue. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with non-refundable licensing payments, the Company's performance period estimates are principally based on projections of the scope, progress, and results of its research and development activities. Due to the variability in the scope of activities and length of time necessary to develop a drug product, changes to development plans as programs progress, and uncertainty in the ultimate requirements to obtain governmental approval for commercialization, revisions to performance period estimates are likely to occur periodically, and could result in material changes to the amount of revenue recognized each year in the future. In addition, estimated performance periods may change if development programs encounter delays, or the Company and its collaborators decide to expand or contract the clinical plans for a drug candidate in various disease indications. Also, if a collaborator terminates an agreement in accordance with the terms of the agreement, the Company would recognize as revenue any unamortized remainder of an up-front or previously deferred payment at the time of the termination. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> | |
CY2012Q4 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
10000000 | USD |
CY2012 | us-gaap |
Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Product Revenue</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Product sales consist of U.S. sales of EYLEA and ARCALYST. Revenue from product sales is recognized when persuasive evidence of an arrangement exists, title to product and associated risk of loss have passed to the customer, the price is fixed or determinable, collection from the customer is reasonably assured, the Company has no further performance obligations, and returns can be reasonably estimated. The Company's written contracts with its customers stipulate product is shipped freight on board destination (FOB destination). The Company records revenue from product sales upon delivery to its customers. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company sells EYLEA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></font><font style="font-family:inherit;font-size:10pt;">in the United States to three distributors and several specialty pharmacies. The Company sells ARCALYST in the United States to two specialty pharmacies. Under these distribution models, the distributors and specialty pharmacies generally take physical delivery of product. For EYLEA, the distributors and specialty pharmacies generally sell the product directly to healthcare providers, whereas for ARCALYST, the specialty pharmacies sell the product directly to patients. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue from product sales is recorded net of applicable provisions for rebates and chargebacks under governmental programs (including Medicaid), distribution-related fees, prompt pay discounts, product returns, and other sales-related deductions. Calculating these provisions involves estimates and judgments. The Company reviews its estimates of rebates, chargebacks, and other applicable provisions each period and records any necessary adjustments in the current period's net product sales. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Government Rebates and Chargebacks: </font><font style="font-family:inherit;font-size:10pt;">The Company estimates reductions to product sales for Medicaid and Veterans' Administration ("VA") programs, and for certain other qualifying federal and state government programs. Based upon the Company's contracts with government agencies, statutorily-defined discounts applicable to government-funded programs, historical experience, and, in the case of EYLEA, estimated payer mix based on third-party market research data, the Company estimates and records an allowance for rebates and chargebacks. The Company's liability for Medicaid rebates consists of estimates for claims that a state will make for a current quarter, claims for prior quarters that have been estimated for which an invoice has not been received, and invoices received for claims from prior quarters that have not been paid. The Company's reserves related to discounted pricing offered to VA, Public Health Services ("PHS"), and other institutions (collectively, “qualified healthcare providers”) represent the Company's estimated obligations resulting from contractual commitments to sell products to qualified healthcare providers at prices lower than the list prices the Company charges to its customers (i.e., distributors and specialty pharmacies). The Company's customers charge the Company for the difference between what they pay for the products and the ultimate selling price to the qualified healthcare providers. The Company's reserve for this discounted pricing is based on expected sales to qualified healthcare providers and the chargebacks that customers have already claimed. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Distribution-Related Fees: </font><font style="font-family:inherit;font-size:10pt;">The Company has written contracts with its customers that include terms for distribution-related fees. The Company estimates and records distribution and related fees due to its customers based on gross sales. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Prompt Pay Discounts: </font><font style="font-family:inherit;font-size:10pt;"> No prompt pay discounts are currently offered to the Company's customers on sales of EYLEA. In connection with sales of ARCALYST, the Company offers discounts to its customers for prompt payments. The Company estimates these discounts based on customer terms and historical experience, and expects that its customers will always take advantage of this discount. Therefore, the Company accrues </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the prompt pay discount that is based on the gross amount of each ARCALYST</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></font><font style="font-family:inherit;font-size:10pt;">invoice, at the time of sale.</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Product Returns: </font><font style="font-family:inherit;font-size:10pt;">Consistent with industry practice, the Company offers its customers a limited right to return product purchased directly from the Company, which is principally based upon the product's expiration date. The Company will accept returns for three months prior to and up to six months after the product expiration date. Product returned is generally not resalable given the nature of the Company's products and method of administration. The Company develops estimates for product returns based upon historical experience, inventory levels in the distribution channel, shelf life of the product, and other relevant factors. The Company monitors product supply levels in the distribution channel, as well as sales by its customers of EYLEA to healthcare providers and ARCALYST to patients using product-specific data provided by its customers. If necessary, the Company's estimates of product returns may be adjusted in the future based on actual returns experience, known or expected changes in the marketplace, or other factors. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> | |
CY2012 | us-gaap |
Revenue Recognition Services Licensing Fees
RevenueRecognitionServicesLicensingFees
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;">VelocImmune</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">® </sup></font><font style="font-family:inherit;font-size:10pt;">Technology Licensing</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company enters into non-exclusive license agreements with third parties that allow the third party to utilize the Company's </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">VelocImmune</font><font style="font-family:inherit;font-size:10pt;"> technology in its internal research programs. The terms of these agreements include up-front payments and entitle the Company to receive royalties on any future sales of products discovered by the third party using the Company's </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">VelocImmune </font><font style="font-family:inherit;font-size:10pt;">technology. Up-front payments under these agreements, where continuing involvement is required of the Company, are deferred and recognized ratably over their respective license periods.</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> | |
CY2011 | us-gaap |
Revenues
Revenues
|
445824000 | USD |
CY2012 | us-gaap |
Revenues
Revenues
|
1378477000 | USD |
CY2010 | us-gaap |
Revenues
Revenues
|
459074000 | USD |
CY2011Q2 | us-gaap |
Revenues
Revenues
|
107810000 | USD |
CY2012Q4 | us-gaap |
Revenues
Revenues
|
414602000 | USD |
CY2011Q1 | us-gaap |
Revenues
Revenues
|
112204000 | USD |
CY2012Q3 | us-gaap |
Revenues
Revenues
|
427687000 | USD |
CY2011Q3 | us-gaap |
Revenues
Revenues
|
102833000 | USD |
CY2011Q4 | us-gaap |
Revenues
Revenues
|
122977000 | USD |
CY2012Q1 | us-gaap |
Revenues
Revenues
|
231789000 | USD |
CY2012Q2 | us-gaap |
Revenues
Revenues
|
304399000 | USD |
CY2011 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
44686000 | USD |
CY2012 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
858093000 | USD |
CY2010 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
25254000 | USD |
CY2011 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
117261000 | USD |
CY2010 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
65201000 | USD |
CY2012 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
210755000 | USD |
CY2012 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
94157000 | USD |
CY2011 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
56094000 | USD |
CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
39897000 | USD |
CY2013Q1 | us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
38877 | shares |
CY2011Q1 | us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
91761 | shares |
CY2012Q1 | us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
63937 | shares |
CY2010Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
6325000 | shares |
CY2010 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
2867000 | USD |
CY2012 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
6325000 | USD |
CY2011 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
6979000 | USD |
CY2010 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
174828000 | USD |
CY2010Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
174800000 | USD |
CY2010 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
25262000 | USD |
CY2011 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
43615000 | USD |
CY2012 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
67174000 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1245385000 | USD |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
485732000 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
527815000 | USD |
CY2009Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
396762000 | USD |
CY2011Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
5596000 | USD |
CY2012Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
11274000 | USD |
CY2010Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
12819000 | USD |
CY2011 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
9415000 | USD |
CY2012 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
USD | |
CY2011 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
2192000 | USD |
CY2010 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
3550000 | USD |
CY2012 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
1873000 | USD |
CY2010 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
9269000 | USD |
CY2012 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
3805000 | USD |
CY2011 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
USD | |
CY2012Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
8400000 | USD |
CY2011Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
4200000 | USD |
CY2010Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
12000000 | USD |
CY2012 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Estimates which could have a significant impact on the Company's financial statements include:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Product rebates, chargebacks, distribution-related fees, and returns in connection with the recognition of product sales revenue. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Periods over which payments, including non-refundable up-front, license, and milestone payments, are recognized as revenue in connection with collaboration and other agreements to develop and commercialize product candidates and utilize the Company's technology platforms.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Periods over which certain clinical trial costs, including costs for clinical activities performed by contract research organizations, are recognized as research and development expenses.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the recognition of expense, using a blended royalty rate, related to the Company's non-exclusive license with Genentech, Inc., the Company's estimate of cumulative EYLEA sales through May 7, 2016 (see Note 13b).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with stock option awards, (i) the fair value of stock options on their date of grant using the Black-Scholes option-pricing model, based on assumptions with respect to (a) expected volatility of the Company's Common Stock price, (b) the periods of time for which employees and members of the Company's board of directors are expected to hold their options prior to exercise (expected lives), (c) expected dividend yield on the Company's Common Stock, and (d) risk-free interest rates, which are based on quoted U.S. Treasury rates for securities with maturities approximating the options' expected lives; (ii) the number of stock option awards that are expected to be forfeited; and (iii) with respect to performance-based stock option awards, if and when the options' performance conditions are considered to be probable of attainment. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's determination of whether marketable securities are other-than-temporarily impaired. The Company conducts a review of its portfolio of marketable securities, using both quantitative and qualitative factors, to determine, for securities whose current fair value is less than their cost, whether the decline in fair value below cost is other-than-temporary. In making this determination, the Company considers factors such as the length of time and the extent to which fair value has been less than cost, financial condition and near-term prospects of the issuer, recommendations of investment advisors, and forecasts of economic, market, or industry trends. This review process also includes an evaluation of the Company's ability and intent to hold individual securities until they mature or their full value can be recovered. This review is subjective and requires a high degree of judgment.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Useful lives of property, plant, and equipment.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory that may expire prior to expected sale or has a cost basis in excess of its estimated realizable value, which is written-down, as appropriate. In addition, capitalization of inventory costs associated with the Company's products prior to regulatory approval when, based on management's judgment, future commercialization is considered probable and the future economic benefit is expected to be realized. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The extent to which deferred tax assets and liabilities are offset by a valuation allowance. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">With respect to the Company's collaborations with Sanofi and Bayer HealthCare:</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in Sanofi collaboration revenue is the Company's share of profits or losses from commercialization of ZALTRAP, </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">which is provided by Sanofi, and includes an estimate of the Company's share of profits or losses for the most recent fiscal quarter.</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in Bayer HealthCare collaboration revenue is the Company's share of profits or losses from commercialization of EYLEA outside the United States, which is provided by Bayer HealthCare, and includes an estimate of the Company's share of profits or losses for the most recent fiscal quarter.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:12px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in research and development expenses is the Company's share of EYLEA development expenses incurred by Bayer HealthCare, including the Company's share of Bayer HealthCare estimated development expenses for the most recent fiscal quarter.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These estimates for the most recent fiscal quarter are adjusted, if necessary, in the subsequent quarter to reflect actual amounts for the quarter. </font></div></div> | |
CY2011Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
2218000 | USD |
CY2012Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
18826000 | USD |
CY2012 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
62251000 | USD |
CY2012 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
45643000 | USD |
CY2010 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
shares | |
CY2012 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
20697000 | shares |
CY2011 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
shares | |
CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
115382000 | shares |
CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82926000 | shares |
CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
90610000 | shares |
CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
82926000 | shares |
CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
94685000 | shares |
CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
90610000 | shares |
CY2011Q4 | regn |
Accrued Capital Expenditures
AccruedCapitalExpenditures
|
6200000 | USD |
CY2010Q4 | regn |
Accrued Capital Expenditures
AccruedCapitalExpenditures
|
10700000 | USD |
CY2012Q4 | regn |
Accrued Capital Expenditures
AccruedCapitalExpenditures
|
8600000 | USD |
CY2012Q4 | regn |
Accrued Clinical Trial Expense Current
AccruedClinicalTrialExpenseCurrent
|
10985000 | USD |
CY2011Q4 | regn |
Accrued Clinical Trial Expense Current
AccruedClinicalTrialExpenseCurrent
|
9850000 | USD |
CY2011Q4 | regn |
Accrued Sales Related Deductions And Royalties
AccruedSalesRelatedDeductionsAndRoyalties
|
3947000 | USD |
CY2012Q4 | regn |
Accrued Sales Related Deductions And Royalties
AccruedSalesRelatedDeductionsAndRoyalties
|
21870000 | USD |
CY2011 | regn |
Adjustment To Additional Paid In Capital Cost Of Convertible Note Hedge
AdjustmentToAdditionalPaidInCapitalCostOfConvertibleNoteHedge
|
117500000 | USD |
CY2011 | regn |
Adjustments Related To Tax Withholding For Share Based Compensation Restricted Stock
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensationRestrictedStock
|
2638000 | USD |
CY2012 | regn |
Adjustments Related To Tax Withholding For Share Based Compensation Restricted Stock
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensationRestrictedStock
|
50466000 | USD |
CY2011 | regn |
Adjustments Related To Tax Withholding For Share Based Compensation Stock Options
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensationStockOptions
|
22440000 | USD |
CY2012 | regn |
Adjustments Related To Tax Withholding For Share Based Compensation Stock Options
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensationStockOptions
|
112834000 | USD |
CY2010 | regn |
Adjustments Related To Tax Withholding For Share Based Compensation Stock Options
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensationStockOptions
|
3798000 | USD |
CY2010 | regn |
Advance Payment Received Due To Amended Licensing Agreement
AdvancePaymentReceivedDueToAmendedLicensingAgreement
|
165000000 | USD |
CY2011Q4 | regn |
Deferred Revenue Excluding Amounts From Related Party Current
DeferredRevenueExcludingAmountsFromRelatedPartyCurrent
|
31629000 | USD |
CY2012Q4 | regn |
Deferred Revenue Excluding Amounts From Related Party Current
DeferredRevenueExcludingAmountsFromRelatedPartyCurrent
|
33809000 | USD |
CY2011Q4 | regn |
Deferred Revenue Excluding Amounts From Related Party Non Current
DeferredRevenueExcludingAmountsFromRelatedPartyNonCurrent
|
162593000 | USD |
CY2012Q4 | regn |
Deferred Revenue Excluding Amounts From Related Party Non Current
DeferredRevenueExcludingAmountsFromRelatedPartyNonCurrent
|
131822000 | USD |
CY2011Q4 | regn |
Deferred Revenue From Related Party Current
DeferredRevenueFromRelatedPartyCurrent
|
20011000 | USD |
CY2012Q4 | regn |
Deferred Revenue From Related Party Current
DeferredRevenueFromRelatedPartyCurrent
|
17022000 | USD |
CY2012Q4 | regn |
Deferred Revenue From Related Party Noncurrent
DeferredRevenueFromRelatedPartyNoncurrent
|
76520000 | USD |
CY2011Q4 | regn |
Deferred Revenue From Related Party Noncurrent
DeferredRevenueFromRelatedPartyNoncurrent
|
86017000 | USD |
CY2012Q4 | regn |
Deferred Tax Assets Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetsDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
24437000 | USD |
CY2011Q4 | regn |
Deferred Tax Assets Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetsDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
31371000 | USD |
CY2011Q4 | regn |
Facility Lease Obligations Current
FacilityLeaseObligationsCurrent
|
1006000 | USD |
CY2012Q4 | regn |
Facility Lease Obligations Current
FacilityLeaseObligationsCurrent
|
1374000 | USD |
CY2011Q4 | regn |
Facility Lease Obligations Noncurrent
FacilityLeaseObligationsNoncurrent
|
159508000 | USD |
CY2012Q4 | regn |
Facility Lease Obligations Noncurrent
FacilityLeaseObligationsNoncurrent
|
159436000 | USD |
CY2012Q4 | regn |
Facility Leases Future Minimum Payments Due
FacilityLeasesFutureMinimumPaymentsDue
|
225052000 | USD |
CY2012Q4 | regn |
Facility Leases Future Minimum Payments Due Current
FacilityLeasesFutureMinimumPaymentsDueCurrent
|
17462000 | USD |
CY2012Q4 | regn |
Facility Leases Future Minimum Payments Due Due In Five Years
FacilityLeasesFutureMinimumPaymentsDueDueInFiveYears
|
19004000 | USD |
CY2012Q4 | regn |
Facility Leases Future Minimum Payments Due Due In Four Years
FacilityLeasesFutureMinimumPaymentsDueDueInFourYears
|
18604000 | USD |
CY2012Q4 | regn |
Facility Leases Future Minimum Payments Due Due In Three Years
FacilityLeasesFutureMinimumPaymentsDueDueInThreeYears
|
18214000 | USD |
CY2012Q4 | regn |
Facility Leases Future Minimum Payments Due Due In Two Years
FacilityLeasesFutureMinimumPaymentsDueDueInTwoYears
|
17833000 | USD |
CY2012Q4 | regn |
Facility Leases Future Minimum Payments Due Due Thereafter
FacilityLeasesFutureMinimumPaymentsDueDueThereafter
|
133935000 | USD |
CY2011 | regn |
Income Tax Expense Benefit Resulting From Provision In American Recovery And Reinvestment Act Of2009
IncomeTaxExpenseBenefitResultingFromProvisionInAmericanRecoveryAndReinvestmentActOf2009
|
-700000 | USD |
CY2012 | regn |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
715000 | shares |
CY2011 | regn |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
shares | |
CY2010 | regn |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
shares | |
CY2012 | regn |
Interest Expense In Connection With Facility Lease Obligation
InterestExpenseInConnectionWithFacilityLeaseObligation
|
16000000 | USD |
CY2011 | regn |
Interest Expense In Connection With Facility Lease Obligation
InterestExpenseInConnectionWithFacilityLeaseObligation
|
15600000 | USD |
CY2012Q4 | regn |
Marketable Debt Securities Collateral
MarketableDebtSecuritiesCollateral
|
3200000 | USD |
CY2011Q4 | regn |
Marketable Debt Securities Collateral
MarketableDebtSecuritiesCollateral
|
3300000 | USD |
CY2010 | regn |
Non Cash Interest Expense
NonCashInterestExpense
|
43000 | USD |
CY2011 | regn |
Non Cash Interest Expense
NonCashInterestExpense
|
5101000 | USD |
CY2012 | regn |
Non Cash Interest Expense
NonCashInterestExpense
|
22925000 | USD |
CY2011 | regn |
Other Collaboration Revenue
OtherCollaborationRevenue
|
43072000 | USD |
CY2012 | regn |
Other Collaboration Revenue
OtherCollaborationRevenue
|
70099000 | USD |
CY2010 | regn |
Other Collaboration Revenue
OtherCollaborationRevenue
|
75393000 | USD |
CY2012Q4 | regn |
Percentage Of Prompt Pay Discount Company Accrues
PercentageOfPromptPayDiscountCompanyAccrues
|
1 | |
CY2012 | regn |
Percentage Of Start Up Costs Of Total Contract Value Maximum
PercentageOfStartUpCostsOfTotalContractValueMaximum
|
0.20 | |
CY2012 | regn |
Percentage Of Start Up Costs Of Total Contract Value Minimum
PercentageOfStartUpCostsOfTotalContractValueMinimum
|
0.10 | |
CY2012 | regn |
Period For Achieving Sales Target For Milestone Payment Rolling Basis
PeriodForAchievingSalesTargetForMilestonePaymentRollingBasis
|
P12M | |
CY2010 | regn |
Rent Charges For Utilities Real Estate Taxes And Operating Expense
RentChargesForUtilitiesRealEstateTaxesAndOperatingExpense
|
10300000 | USD |
CY2011 | regn |
Rent Charges For Utilities Real Estate Taxes And Operating Expense
RentChargesForUtilitiesRealEstateTaxesAndOperatingExpense
|
9300000 | USD |
CY2012 | regn |
Rent Charges For Utilities Real Estate Taxes And Operating Expense
RentChargesForUtilitiesRealEstateTaxesAndOperatingExpense
|
10900000 | USD |
CY2012 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2012 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2012 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2012 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
CY2012 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-12-31 | |
CY2012 | dei |
Document Type
DocumentType
|
10-K | |
CY2012 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000872589 | |
CY2012 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2012 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2012Q2 | dei |
Entity Public Float
EntityPublicFloat
|
10364000000 | USD |
CY2012 | dei |
Entity Registrant Name
EntityRegistrantName
|
REGENERON PHARMACEUTICALS INC | |
CY2012 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2012 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes |