2023 Q4 Form 10-K Financial Statement

#000180422024000009 Filed on February 05, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $3.434B $13.12B $3.414B
YoY Change 0.58% 7.76% -31.05%
Cost Of Revenue $517.0M $1.816B $540.6M
YoY Change -4.37% 16.37% -44.98%
Gross Profit $2.917B $11.30B $2.874B
YoY Change 1.51% 6.49% -27.6%
Gross Profit Margin 84.95% 86.16% 84.17%
Selling, General & Admin $737.7M $2.631B $660.5M
YoY Change 11.69% 24.36% 18.03%
% of Gross Profit 25.29% 23.28% 22.98%
Research & Development $1.177B $4.439B $1.043B
YoY Change 12.86% 23.56% 32.78%
% of Gross Profit 40.35% 39.28% 36.3%
Depreciation & Amortization $113.0M $421.0M $100.1M
YoY Change 12.89% 23.32% 34.36%
% of Gross Profit 3.87% 3.73% 3.48%
Operating Expenses $1.914B $7.070B $1.697B
YoY Change 12.81% 23.86% 27.65%
Operating Profit $1.003B $4.047B $1.177B
YoY Change -14.78% -14.6% -55.42%
Interest Expense -$18.30M $73.00M -$17.40M
YoY Change 5.17% 22.9% -88.54%
% of Operating Profit -1.82% 1.8% -1.48%
Other Income/Expense, Net $193.0M $152.2M $195.3M
YoY Change -1.18% 26.94% 1160.0%
Pretax Income $1.148B $4.199B $1.325B
YoY Change -13.37% -13.57% -47.08%
Income Tax -$12.00M $245.7M $127.6M
% Of Pretax Income -1.05% 5.85% 9.63%
Net Earnings $1.160B $3.954B $1.197B
YoY Change -3.13% -8.87% -46.29%
Net Earnings / Revenue 33.77% 30.14% 35.06%
Basic Earnings Per Share $37.05
Diluted Earnings Per Share $10.88 $34.77 $10.50M
COMMON SHARES
Basic Shares Outstanding 106.7M shares
Diluted Shares Outstanding 113.7M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.24B $16.24B $14.33B
YoY Change 13.31% 13.31% 151.71%
Cash & Equivalents $2.730B $16.24B $3.106B
Short-Term Investments $8.115B $8.115B $4.636B
Other Short-Term Assets $386.6M $386.6M $411.2M
YoY Change -5.98% -5.98% 23.71%
Inventory $2.581B $2.581B $2.402B
Prepaid Expenses
Receivables $5.667B $5.667B $5.329B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.48B $24.49B $15.88B
YoY Change 22.63% 10.99% 13.34%
LONG-TERM ASSETS
Property, Plant & Equipment $4.146B $4.146B $3.763B
YoY Change 10.19% 10.19% 8.06%
Goodwill
YoY Change
Intangibles $1.039B $915.5M
YoY Change 13.45% 13564.18%
Long-Term Investments $5.471B $5.471B $6.640B
YoY Change -17.61% -17.61% -3.46%
Other Assets $444.1M $3.406B $336.4M
YoY Change 32.02% 37.83% 50.99%
Total Long-Term Assets $13.60B $8.591B $13.33B
YoY Change 2.03% 20.16% 16.73%
TOTAL ASSETS
Total Short-Term Assets $19.48B $24.49B $15.88B
Total Long-Term Assets $13.60B $8.591B $13.33B
Total Assets $33.08B $33.08B $29.21B
YoY Change 13.23% 13.23% 14.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $606.6M $3.819B $589.2M
YoY Change 2.95% 15.67% 4.47%
Accrued Expenses $2.358B $2.358B $2.074B
YoY Change 13.68% 13.69% -6.01%
Deferred Revenue $458.9M $477.9M
YoY Change -3.98% 8.12%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $3.423B $4.404B $3.141B
YoY Change 8.98% 14.42% -20.12%
LONG-TERM LIABILITIES
Long-Term Debt $1.983B $2.703B $1.981B
YoY Change 0.08% 0.06% 0.07%
Other Long-Term Liabilities $854.1M $980.8M $638.0M
YoY Change 33.87% 38.57% -6.2%
Total Long-Term Liabilities $2.837B $2.703B $2.619B
YoY Change 8.31% 0.06% -1.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.423B $4.404B $3.141B
Total Long-Term Liabilities $2.837B $2.703B $2.619B
Total Liabilities $7.107B $7.107B $6.551B
YoY Change 8.5% 8.5% -1.73%
SHAREHOLDERS EQUITY
Retained Earnings $27.26B $23.31B
YoY Change 16.96% 22.87%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.97B $25.97B $22.66B
YoY Change
Total Liabilities & Shareholders Equity $33.08B $33.08B $29.21B
YoY Change 13.23% 13.23% 14.86%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $1.160B $3.954B $1.197B
YoY Change -3.13% -8.87% -46.29%
Depreciation, Depletion And Amortization $113.0M $421.0M $100.1M
YoY Change 12.89% 23.32% 34.36%
Cash From Operating Activities $1.090B $4.594B $1.720B
YoY Change -36.64% -8.39% -27.51%
INVESTING ACTIVITIES
Capital Expenditures $313.5M $926.4M $252.2M
YoY Change 24.31% -42.71% -262.81%
Acquisitions $54.90M
YoY Change -76.16%
Other Investing Activities $247.3M -$2.259B -$1.605B
YoY Change -115.4% 4.2% -13.58%
Cash From Investing Activities -$66.20M -$3.185B -$1.858B
YoY Change -96.44% -15.84% -7.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.090B
YoY Change 93.41%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -446.1M -$1.790B -247.6M
YoY Change 80.17% 77.41% -72.69%
NET CHANGE
Cash From Operating Activities 1.090B $4.594B 1.720B
Cash From Investing Activities -66.20M -$3.185B -1.858B
Cash From Financing Activities -446.1M -$1.790B -247.6M
Net Change In Cash 577.4M -$381.6M -385.4M
YoY Change -249.82% -272.44% -29.52%
FREE CASH FLOW
Cash From Operating Activities $1.090B $4.594B $1.720B
Capital Expenditures $313.5M $926.4M $252.2M
Free Cash Flow $776.2M $3.668B $1.468B
YoY Change -47.11% 7.93% -41.93%

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CY2022 us-gaap Increase Decrease In Deferred Income Taxes
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CY2022 regn Acquired In Process Research And Development Asset Acquisition
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CY2022 us-gaap Increase Decrease In Inventories
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2022 us-gaap Payments To Acquire Productive Assets
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2023 regn Payments To Acquire Intangible Assets1
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CY2022 regn Payments To Acquire Intangible Assets1
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CY2021 regn Payments To Acquire Intangible Assets1
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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3119400000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2898100000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Income Taxes Paid Net
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CY2023Q4 regn Number Of Products Approved By The Unites States Food And Drug Administration
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CY2023 us-gaap Number Of Reportable Segments
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CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with 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.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which potentially expose the Company to concentrations of credit risk consist of cash, cash equivalents, certain investments, and accounts receivable. In accordance with the Company's policies, the Company mandates asset diversification and monitors exposure with its counterparties. </span></div>Concentrations of credit risk with respect to collaborator (see Note 3) and customer accounts receivable are significant.
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2022 us-gaap Valuation Allowances And Reserves Deductions
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CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2023 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
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CY2023 us-gaap Valuation Allowances And Reserves Deductions
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CY2023Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2022 regn Payment To Collaborating Party
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CY2022 regn Asset Acquisition Cashand Equivalents
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2023Q4 regn Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year5
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CY2022Q4 regn Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year5
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
7854900000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
4157500000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
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CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
3300900000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
4332200000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
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CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
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CY2021 us-gaap Interest Income Debt Securities Operating
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CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
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CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2023Q4 us-gaap Other Inventory Net Of Reserves
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CY2022Q4 us-gaap Other Inventory Net Of Reserves
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CY2023Q4 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Inventory Net
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CY2023Q4 us-gaap Inventory Valuation Reserves
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2023 us-gaap Inventory Write Down
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CY2022 us-gaap Inventory Write Down
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CY2021 us-gaap Inventory Write Down
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CY2023Q4 regn Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
44600000 usd
CY2022Q4 regn Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
31000000.0 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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6125200000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
5432200000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1978800000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1669200000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
4146400000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3763000000 usd
CY2023 regn Depreciation Depletion And Amortization Excluding Intangible Assets
DepreciationDepletionAndAmortizationExcludingIntangibleAssets
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CY2022 regn Depreciation Depletion And Amortization Excluding Intangible Assets
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CY2021 regn Depreciation Depletion And Amortization Excluding Intangible Assets
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2022 us-gaap Operating Lease Cost
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CY2022Q4 us-gaap Employee Related Liabilities Current
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CY2022Q4 regn Accrued Clinical Trial Expense Current
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CY2023Q4 regn Accrual For Sales Related Costs Current
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CY2022Q4 regn Accrual For Sales Related Costs Current
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2023Q1 us-gaap Lessee Finance Lease Renewal Term1
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q4 regn Lease Rightof Use Asset
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CY2022Q4 regn Lease Rightof Use Asset
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CY2022Q4 us-gaap Finance Lease Liability Noncurrent
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CY2023Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 regn Lease Liability
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
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CY2021 us-gaap Operating Lease Cost
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CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2023 regn Finance Lease Cost
FinanceLeaseCost
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CY2022 regn Finance Lease Cost
FinanceLeaseCost
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CY2021 regn Finance Lease Cost
FinanceLeaseCost
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CY2023 us-gaap Lease Cost
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CY2022 us-gaap Lease Cost
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CY2021 us-gaap Lease Cost
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CY2023Q4 us-gaap Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
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CY2022Q4 us-gaap Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
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CY2023Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
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CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
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CY2023Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
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CY2022Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
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CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
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CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
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CY2023 us-gaap Operating Lease Payments
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CY2022 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q4 regn Lease Liability To Be Paid Year One
LeaseLiabilityToBePaidYearOne
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q4 regn Lease Liability To Be Paid Year Two
LeaseLiabilityToBePaidYearTwo
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2023Q4 regn Lease Liability To Be Paid Year Three
LeaseLiabilityToBePaidYearThree
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q4 regn Lease Liability To Be Paid Year Four
LeaseLiabilityToBePaidYearFour
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 regn Lease Liability To Be Paid Year Five
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CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 regn Lease Liability To Be Paid After Year Five
LeaseLiabilityToBePaidAfterYearFive
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CY2023Q4 us-gaap Finance Lease Liability Payments Due
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 regn Lease Liability Payments Due
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CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q4 us-gaap Finance Lease Liability
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CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 regn Lease Liability
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CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Defined Contribution Plan Cost Recognized
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2023 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q4 regn Deferred Tax Assets Capitalized Research And Development Expenses
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CY2022Q4 regn Deferred Tax Assets Capitalized Research And Development Expenses
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Other
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
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CY2022Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
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CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 regn Unrecognized Tax Benefits Decrease Resulting From Settlements With Taxing Authorities And Reduction Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 regn Unrecognized Tax Benefits Decrease Resulting From Settlements With Taxing Authorities And Reduction Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 regn Unrecognized Tax Benefits Decrease Resulting From Settlements With Taxing Authorities And Reduction Resulting From Lapse Of Applicable Statute Of Limitations
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107100000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105700000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113500000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112200000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
37.05
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
40.51
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
76.40
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
34.77
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
38.22
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
71.97
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2730000000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3105900000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2885600000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
7800000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13500000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
12500000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2737800000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3119400000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2898100000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
75400000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
70800000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
74800000 usd
CY2023 regn Acquisitions Contingent Consideration Accrued But Not Yet Paid
AcquisitionsContingentConsiderationAccruedButNotYetPaid
71600000 usd
CY2022 regn Acquisitions Contingent Consideration Accrued But Not Yet Paid
AcquisitionsContingentConsiderationAccruedButNotYetPaid
135500000 usd
CY2021 regn Acquisitions Contingent Consideration Accrued But Not Yet Paid
AcquisitionsContingentConsiderationAccruedButNotYetPaid
0 usd

Files In Submission

Name View Source Status
regn-20231231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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regn-20231231_lab.xml Edgar Link unprocessable
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