2020 Q4 Form 10-K Financial Statement

#000091727321000005 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $61.91M $246.3M $59.95M
YoY Change 3.28% 8.22% -12.57%
Cost Of Revenue $13.45M $60.75M $14.58M
YoY Change -7.72% 18.24% 37.51%
Gross Profit $48.46M $185.6M $45.37M
YoY Change 6.81% 5.3% -21.77%
Gross Profit Margin 78.27% 75.34% 75.69%
Selling, General & Admin $22.10M $86.44M $21.30M
YoY Change 3.76% -14.03% -14.11%
% of Gross Profit 45.6% 46.58% 46.95%
Research & Development $34.80M $139.8M $36.80M
YoY Change -5.43% -10.83% -1.6%
% of Gross Profit 71.81% 75.35% 81.11%
Depreciation & Amortization $13.50M $22.10M $11.40M
YoY Change 18.42% 44.44% 52.0%
% of Gross Profit 27.86% 11.91% 25.13%
Operating Expenses $59.47M $229.6M $58.58M
YoY Change 1.51% -16.91% -5.82%
Operating Profit -$11.00M -$44.05M -$13.21M
YoY Change -16.71% -56.01% 214.55%
Interest Expense $800.0K $10.34M $3.800M
YoY Change -78.95% 4.95% -5.0%
% of Operating Profit
Other Income/Expense, Net $7.515M
YoY Change -57.28%
Pretax Income -$7.500M -$39.94M -$5.000M
YoY Change 50.0% -48.03% 2400.0%
Income Tax $1.500M $3.932M $0.00
% Of Pretax Income
Net Earnings -$12.07M -$40.47M -$9.532M
YoY Change 26.58% -52.92% 372.35%
Net Earnings / Revenue -19.49% -16.43% -15.9%
Basic Earnings Per Share -$0.36
Diluted Earnings Per Share -$78.97K -$0.36 -$44.62K
COMMON SHARES
Basic Shares Outstanding 112.7M shares 113.3M shares 111.9M shares
Diluted Shares Outstanding 112.7M shares 113.3M shares 111.9M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $502.6M $502.6M $407.7M
YoY Change 23.29% 23.28% 46.76%
Cash & Equivalents $129.0M $136.1M $102.2M
Short-Term Investments $373.7M $366.5M $305.5M
Other Short-Term Assets $15.90M $15.90M $18.50M
YoY Change -14.05% -14.05% 17.83%
Inventory $14.47M $14.50M $10.09M
Prepaid Expenses
Receivables $27.90M $166.7M $44.04M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $699.7M $699.7M $664.7M
YoY Change 5.27% 5.27% 25.95%
LONG-TERM ASSETS
Property, Plant & Equipment $57.69M $86.40M $44.71M
YoY Change 29.03% 4.6% -21.59%
Goodwill $183.2M $183.5M
YoY Change -0.13% -11.45%
Intangibles $36.49M $54.90M
YoY Change -33.54% -8.4%
Long-Term Investments $2.800M $3.600M
YoY Change -22.22% 9.09%
Other Assets $4.535M $245.6M $5.931M
YoY Change -23.54% -31.38% -24.2%
Total Long-Term Assets $551.7M $551.7M $674.3M
YoY Change -18.18% -18.71% -19.09%
TOTAL ASSETS
Total Short-Term Assets $699.7M $699.7M $664.7M
Total Long-Term Assets $551.7M $551.7M $674.3M
Total Assets $1.251B $1.251B $1.339B
YoY Change -6.54% -6.85% -1.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.993M $9.000M $9.549M
YoY Change -5.82% -5.26% 29.18%
Accrued Expenses $28.10M $28.10M $26.60M
YoY Change 5.64% 5.64% 57.4%
Deferred Revenue $10.20M $11.95M
YoY Change -14.64% -38.33%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $85.86M $85.90M $86.18M
YoY Change -0.37% -0.35% 24.38%
LONG-TERM LIABILITIES
Long-Term Debt $156.0M $156.0M $148.8M
YoY Change 4.84% 4.84% -16.5%
Other Long-Term Liabilities $6.894M $82.50M $19.27M
YoY Change -64.23% -30.85% 264.52%
Total Long-Term Liabilities $6.894M $238.5M $19.27M
YoY Change -64.23% -11.04% 264.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.86M $85.90M $86.18M
Total Long-Term Liabilities $6.894M $238.5M $19.27M
Total Liabilities $338.7M $338.7M $368.1M
YoY Change -7.98% -7.99% 5.45%
SHAREHOLDERS EQUITY
Retained Earnings -$357.8M -$290.2M
YoY Change 23.26% 42.07%
Common Stock $1.271B $1.261B
YoY Change 0.74% 2.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $912.7M $912.7M $975.4M
YoY Change
Total Liabilities & Shareholders Equity $1.251B $1.251B $1.339B
YoY Change -6.54% -6.85% -1.63%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$12.07M -$40.47M -$9.532M
YoY Change 26.58% -52.92% 372.35%
Depreciation, Depletion And Amortization $13.50M $22.10M $11.40M
YoY Change 18.42% 44.44% 52.0%
Cash From Operating Activities $42.10M $185.5M $42.90M
YoY Change -1.86% 44.29% 22.57%
INVESTING ACTIVITIES
Capital Expenditures -$8.900M $29.73M -$2.300M
YoY Change 286.96% 359.33% -30.3%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $64.60M -$60.70M -$28.30M
YoY Change -328.27% -55.04% -44.4%
Cash From Investing Activities $55.70M -$97.60M -$30.60M
YoY Change -282.03% -31.01% -43.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $50.07M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.30M -$61.19M -2.100M
YoY Change 2342.86% 20432.21% -310.0%
NET CHANGE
Cash From Operating Activities 42.10M $185.5M 42.90M
Cash From Investing Activities 55.70M -$97.60M -30.60M
Cash From Financing Activities -51.30M -$61.19M -2.100M
Net Change In Cash 46.50M $26.81M 10.20M
YoY Change 355.88% -295.18% -156.35%
FREE CASH FLOW
Cash From Operating Activities $42.10M $185.5M $42.90M
Capital Expenditures -$8.900M $29.73M -$2.300M
Free Cash Flow $51.00M $155.7M $45.20M
YoY Change 12.83% 27.58% 18.02%

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Formation and Business of the Company<div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rambus Inc. (the “Company” or “Rambus”) was incorporated in California in March 1990 and reincorporated in Delaware in March 1997. In addition to licensing, the Company is creating new business opportunities through offering products and services where its goal is to perpetuate strong company operating performance and long-term stockholder value. The Company generates revenue by licensing its inventions and solutions, selling its semiconductor products and providing services to market-leading companies.</span></div><div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rambus produces products and innovations that address the fundamental challenges of accelerating data. The Company makes industry-leading chips and IP that enable critical performance improvements for data center and other growing markets. The ongoing shift to the cloud, along with the widespread advancement of artificial intelligence (“AI”) across the data center, 5G, automotive and Internet of Things (“IoT”), has led to an exponential growth in data usage and tremendous demands on data infrastructure. Creating fast and safe connections, both in and across systems, remains one of the most mission-critical design challenges limiting performance in advanced hardware for these markets.</span></div>
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt"><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;text-indent:13.5pt"><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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2020 us-gaap Reclassifications
Reclassifications
<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances were reclassified to conform to the current year’s presentation. None of these reclassifications had an impact on reported net income or cash flows for any of the periods presented.</span></div>
CY2020 rmbs Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Specific Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceSpecificDate
0.15
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Concentration</span></div><div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2020 and 2019, the Company’s cash, cash equivalents and marketable securities were invested with various financial institutions in the form of corporate notes, bonds and commercial paper, money market funds, U.S. Treasuries, U.S. Government Agencies, and municipal bonds and notes. The Company’s exposure to market risk for changes in interest rates relates primarily to its investment portfolio. The Company places its investments with high credit issuers and, by </span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">investment policy, attempts to limit the amount of credit exposure to any one issuer. As stated in the Company’s investment policy, it will ensure the safety and preservation of the Company’s invested funds by limiting default risk and market risk. The Company has no investments denominated in foreign country currencies and therefore is not subject to foreign exchange risk from these assets.</span></div><div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company mitigates default risk by investing in high credit quality securities and by positioning its portfolio to respond appropriately to a significant reduction in a credit rating of any investment issuer or guarantor. The portfolio includes only marketable securities with active secondary or resale markets to enable portfolio liquidity.</span></div><div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The</span><span style="color:#222222;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Company’s note hedge transactions, entered into in connection with the 1.375% convertible senior notes due 2023 (the “2023 Notes”), expose the Company to credit risk to the extent that its counterparties may be unable to meet the terms of the transactions. The Company mitigates this risk by limiting its counterparties to major financial institutions. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to Note 12, “Convertible Notes” for further details.</span></div><div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. Refer to Note 7, “Segments and Major Customers” for further details. </span></div><div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s unbilled receivables are collected from customers located in the U.S. and internationally. Refer to Note 4, “Revenue Recognition” for further details.</span></div>
CY2020Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
367953000 USD
CY2019Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
528069000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10461000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11947000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10300000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18300000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
17400000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-43609000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-90419000 USD
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2400000 shares
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-157957000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113254000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110948000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108450000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113254000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110948000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108450000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.46
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.46
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2300000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2400000 shares
CY2019Q4 us-gaap Goodwill
Goodwill
183465000 USD
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-243000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
183222000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
204992000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
21770000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
183222000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
207178000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
30322000 USD
CY2019 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
54494000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
459000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
183465000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
205235000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
21770000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
183465000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
301982000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
265495000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
36487000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
301982000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
247082000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
54900000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18400000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17100000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14611000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7644000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6940000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5492000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
200000 USD
CY2020Q4 rmbs Intangible Asset Amortization Expense After Year Five
IntangibleAssetAmortizationExpenseAfterYearFive
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
34887000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1600000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
36487000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
242747000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
224027000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
231201000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57700000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44700000 USD
CY2020 rmbs Maximum Maturity Period Available For Sale Securities
MaximumMaturityPeriodAvailableForSaleSecurities
P3Y
CY2020Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
441186000 USD
CY2020Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
441244000 USD
CY2020Q4 rmbs Cash Cash Equivalents And Short Term Investments Unrealized Gains
CashCashEquivalentsAndShortTermInvestmentsUnrealizedGains
64000 USD
CY2020Q4 rmbs Cash Cash Equivalents And Short Term Investments Unrealized Losses
CashCashEquivalentsAndShortTermInvestmentsUnrealizedLosses
122000 USD
CY2020Q4 rmbs Cash Fair Value Disclosure
CashFairValueDisclosure
61463000 USD
CY2020Q4 us-gaap Cash
Cash
61463000 USD
CY2020Q4 rmbs Cash Cash Equivalents And Short Term Investments Fair Value Disclosure
CashCashEquivalentsAndShortTermInvestmentsFairValueDisclosure
502649000 USD
CY2020Q4 rmbs Cash Cash Equivalents And Short Term Investments Amortized Cost Disclosure
CashCashEquivalentsAndShortTermInvestmentsAmortizedCostDisclosure
502707000 USD
CY2020Q4 rmbs Gross Unrealized Gain On Securities And Cash
GrossUnrealizedGainOnSecuritiesAndCash
64000 USD
CY2020Q4 rmbs Gross Unrealized Loss On Securities And Cash
GrossUnrealizedLossOnSecuritiesAndCash
122000 USD
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
363542000 USD
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
363587000 USD
CY2019Q4 rmbs Cash Cash Equivalents And Short Term Investments Unrealized Gains
CashCashEquivalentsAndShortTermInvestmentsUnrealizedGains
19000 USD
CY2019Q4 rmbs Cash Cash Equivalents And Short Term Investments Unrealized Losses
CashCashEquivalentsAndShortTermInvestmentsUnrealizedLosses
64000 USD
CY2019Q4 rmbs Cash Fair Value Disclosure
CashFairValueDisclosure
44122000 USD
CY2019Q4 us-gaap Cash
Cash
44122000 USD
CY2019Q4 rmbs Cash Cash Equivalents And Short Term Investments Fair Value Disclosure
CashCashEquivalentsAndShortTermInvestmentsFairValueDisclosure
407664000 USD
CY2019Q4 rmbs Cash Cash Equivalents And Short Term Investments Amortized Cost Disclosure
CashCashEquivalentsAndShortTermInvestmentsAmortizedCostDisclosure
407709000 USD
CY2019Q4 rmbs Gross Unrealized Gain On Securities And Cash
GrossUnrealizedGainOnSecuritiesAndCash
19000 USD
CY2019Q4 rmbs Gross Unrealized Loss On Securities And Cash
GrossUnrealizedLossOnSecuritiesAndCash
64000 USD
CY2020Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
441186000 USD
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
363542000 USD
CY2020Q4 rmbs Cash Fair Value Disclosure
CashFairValueDisclosure
61463000 USD
CY2019Q4 rmbs Cash Fair Value Disclosure
CashFairValueDisclosure
44122000 USD
CY2020Q4 rmbs Cash Cash Equivalents And Short Term Investments Fair Value Disclosure
CashCashEquivalentsAndShortTermInvestmentsFairValueDisclosure
502649000 USD
CY2019Q4 rmbs Cash Cash Equivalents And Short Term Investments Fair Value Disclosure
CashCashEquivalentsAndShortTermInvestmentsFairValueDisclosure
407664000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10832000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
254250000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
264934000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
122000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
64000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
334332000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
74039000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
408371000 USD
CY2020Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.250
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2800000 USD
CY2019Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.250
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
3600000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8616000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7382000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4570000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3925000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4043000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
21325000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
49861000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
39029000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2020 us-gaap Lease Cost
LeaseCost
9500000 USD
CY2019 us-gaap Lease Cost
LeaseCost
9600000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5200000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
7200000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7945000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3997000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
650000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1455000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5871000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4634000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
14466000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
10086000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
140370000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
125803000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
82677000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
81089000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57693000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44714000 USD
CY2020 us-gaap Depreciation
Depreciation
21200000 USD
CY2019 us-gaap Depreciation
Depreciation
15200000 USD
CY2018 us-gaap Depreciation
Depreciation
10700000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
129000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
105000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-210000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-197000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-81000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-92000 USD
CY2017 us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
33500000 USD
CY2017Q4 rmbs Derivative Nonmonetary Notional Amount Shares
DerivativeNonmonetaryNotionalAmountShares
9100000 shares
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
9100000 shares
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
23.30
CY2017Q4 us-gaap Share Price
SharePrice
14.56
CY2017 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
23200000 USD
CY2020 rmbs Potential Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Debt Securities
PotentialIncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfDebtSecurities
9100000 shares
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
203776000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
18283000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
11801000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
173692000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
0 USD
CY2020Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
0 USD
CY2020Q4 rmbs Unrecognizedtaxbenefitexcludingforeigntaxwithholdings
Unrecognizedtaxbenefitexcludingforeigntaxwithholdings
25500000 USD
CY2020 rmbs Termsof Noncancellable License Agreement Minimum
TermsofNoncancellableLicenseAgreementMinimum
P1Y
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2020Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
17400000 shares
CY2020Q4 rmbs Upfront Payment Under Accelerated Stock Repurchase Program
UpfrontPaymentUnderAcceleratedStockRepurchaseProgram
50000000.0 USD
CY2020Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2600000 shares
CY2020Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
40000000.0 USD
CY2020Q4 rmbs Unsettled Forward Contract Indexedto Issuers Stock Classifiedwithin Stock
UnsettledForwardContractIndexedtoIssuersStockClassifiedwithinStock
10000000.0 USD
CY2020 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.60
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1800000 USD
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
2000000.0 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
2100000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2932000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5451000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-43029000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-81316000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-63829000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3398000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5700000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-6799000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-39631000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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