2020 Form 10-K Financial Statement

#000108255421000008 Filed on February 24, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $1.483B $311.1M $1.449B
YoY Change 2.38% -18.43% -11.0%
Cost Of Revenue $108.1M $28.80M $117.6M
YoY Change -8.08% -9.72% -40.82%
Gross Profit $1.375B $282.3M $1.331B
YoY Change 3.31% -19.23% -6.85%
Gross Profit Margin 92.71% 90.74% 91.88%
Selling, General & Admin $423.9M $105.2M $336.2M
YoY Change 26.09% 32.83% 26.49%
% of Gross Profit 30.82% 37.27% 25.26%
Research & Development $357.7M $113.6M $1.183B
YoY Change -69.75% -18.16% 230.43%
% of Gross Profit 26.01% 40.24% 88.84%
Depreciation & Amortization $49.90M $12.50M $45.90M
YoY Change 8.71% 19.05% 27.86%
% of Gross Profit 3.63% 4.43% 3.45%
Operating Expenses $357.7M $218.8M $1.183B
YoY Change -69.75% 0.37% 230.43%
Operating Profit $593.6M $63.50M -$187.6M
YoY Change -416.42% -51.71% -123.29%
Interest Expense $23.50M $3.400M $44.20M
YoY Change -46.83% -22.73% 217.99%
% of Operating Profit 3.96% 5.35%
Other Income/Expense, Net $45.30M $1.400M $22.60M
YoY Change 100.44% -148.28% -148.6%
Pretax Income $638.9M $68.30M -$165.0M
YoY Change -487.21% -25.68% -121.74%
Income Tax $124.1M $15.70M -$60.50M
% Of Pretax Income 19.42% 22.99%
Net Earnings $514.8M $52.60M -$104.5M
YoY Change -592.63% -19.45% -117.74%
Net Earnings / Revenue 34.71% 16.91% -7.21%
Basic Earnings Per Share $11.65 $1.20 -$2.39
Diluted Earnings Per Share $11.54 $1.20 -$2.39
COMMON SHARES
Basic Shares Outstanding 44.20M shares 43.88M 43.80M shares
Diluted Shares Outstanding 44.60M shares 43.80M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.835B $1.486B $1.486B
YoY Change 23.49% 4.94% 4.94%
Cash & Equivalents $738.7M $738.4M $738.4M
Short-Term Investments $1.096B $747.5M $747.5M
Other Short-Term Assets $88.30M $133.8M $133.8M
YoY Change -34.01% 77.45% 77.45%
Inventory $86.50M $93.40M $93.40M
Prepaid Expenses
Receivables $157.4M $151.4M $151.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.167B $1.865B $1.865B
YoY Change 16.23% 5.46% 5.46%
LONG-TERM ASSETS
Property, Plant & Equipment $731.6M $738.5M $743.3M
YoY Change -1.57% 5.55% 6.23%
Goodwill $28.00M
YoY Change -11.11%
Intangibles
YoY Change
Long-Term Investments $1.150B $767.5M $767.5M
YoY Change 49.79% 73.41% 73.41%
Other Assets $408.5M $154.6M $379.8M
YoY Change 7.56% -31.04% 18.72%
Total Long-Term Assets $2.448B $2.049B $2.049B
YoY Change 19.47% 25.47% 25.47%
TOTAL ASSETS
Total Short-Term Assets $2.167B $1.865B $1.865B
Total Long-Term Assets $2.448B $2.049B $2.049B
Total Assets $4.615B $3.913B $3.913B
YoY Change 17.93% 15.07% 15.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M $9.900M $9.900M
YoY Change -58.59% -57.14% -57.14%
Accrued Expenses $182.9M $138.5M $140.3M
YoY Change 30.36% -3.15% -1.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $250.0M $250.0M
YoY Change -100.0%
Total Short-Term Liabilities $323.3M $463.0M $463.0M
YoY Change -30.17% 67.39% 67.39%
LONG-TERM LIABILITIES
Long-Term Debt $800.0M $600.0M $600.0M
YoY Change 33.33% 140.0% 140.0%
Other Long-Term Liabilities $96.50M $70.00M $70.00M
YoY Change 37.86% 5.11% 5.11%
Total Long-Term Liabilities $896.5M $70.00M $670.0M
YoY Change 33.81% 5.11% 111.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $323.3M $463.0M $463.0M
Total Long-Term Liabilities $896.5M $70.00M $670.0M
Total Liabilities $1.220B $1.133B $1.133B
YoY Change 7.66% 91.0% 91.0%
SHAREHOLDERS EQUITY
Retained Earnings $3.325B
YoY Change -3.19%
Common Stock $2.049B
YoY Change 5.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.395B $2.780B $2.780B
YoY Change
Total Liabilities & Shareholders Equity $4.615B $3.913B $3.913B
YoY Change 17.93% 15.07% 15.07%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $514.8M $52.60M -$104.5M
YoY Change -592.63% -19.45% -117.74%
Depreciation, Depletion And Amortization $49.90M $12.50M $45.90M
YoY Change 8.71% 19.05% 27.86%
Cash From Operating Activities $755.7M $102.5M -$206.6M
YoY Change -465.78% 20.02% -126.54%
INVESTING ACTIVITIES
Capital Expenditures $59.30M -$24.70M $83.70M
YoY Change -29.15% -52.32% -54.61%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities -$679.2M $90.90M -$251.7M
YoY Change 169.85% -545.59% -60.44%
Cash From Investing Activities -$738.5M $66.20M -$335.4M
YoY Change 120.18% -191.69% -59.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$16.90M -150.0M $611.2M
YoY Change -102.77% -150100.0% 9601.59%
NET CHANGE
Cash From Operating Activities $755.7M 102.5M -$206.6M
Cash From Investing Activities -$738.5M 66.20M -$335.4M
Cash From Financing Activities -$16.90M -150.0M $611.2M
Net Change In Cash $300.0K 18.70M $69.20M
YoY Change -99.57% 40.6% -292.76%
FREE CASH FLOW
Cash From Operating Activities $755.7M $102.5M -$206.6M
Capital Expenditures $59.30M -$24.70M $83.70M
Free Cash Flow $696.4M $127.2M -$290.3M
YoY Change -339.89% -7.29% -148.87%

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Organization and Business Description<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">United Therapeutics Corporation is a biotechnology company focused on the development and commercialization of innovative products to address the unmet medical needs of patients with chronic and life-threatening conditions.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">We have approval from the U.S. Food and Drug Administration (</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">FDA</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">) to market the following therapies: Remodulin</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (treprostinil) Injection (</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Remodulin</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), Tyvaso</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (treprostinil) Inhalation Solution (</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Tyvaso</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), Orenitram</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (treprostinil) Extended-Release Tablets (</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Orenitram</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), Unituxin</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (dinutuximab) Injection (</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Unituxin</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">), and Adcirca</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%"> (tadalafil) Tablets (</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">Adcirca</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">). Our only significant revenues outside the United States are derived from sales of Remodulin in Europe.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">As used in these notes to our consolidated financial statements, unless the context otherwise requires, the terms “</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">we</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">”, “</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">us</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">”, “</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:700;line-height:120%">our</span><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">”, and similar terms refer to United Therapeutics Corporation and its consolidated subsidiaries.</span></div>
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<div style="margin-bottom:6pt;margin-top:14pt"><span style="color:#c12034;font-family:'DIN Regular',sans-serif;font-size:14pt;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'DIN Regular',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">The preparation of our consolidated financial statements in accordance with GAAP requires our management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of our consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates on assumptions regarding historical experience, currently available information, and anticipated developments that we believe are reasonable and appropriate. However, because the use of estimates involves an inherent degree of uncertainty, actual results could differ from those estimates. Estimates are used for, but not limited to, revenue recognition, share-based compensation, determining the fair value of assets acquired and liabilities assumed in business combinations, marketable investments, fair value measurements (including those related to contingent consideration), inventory reserves, investments in privately-held companies, income taxes, goodwill and other intangible assets, and obligations related to our Supplemental Executive Retirement Plan.</span></div>
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CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
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21100000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
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29500000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
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29100000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
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38600000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
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43200000 USD
CY2020Q4 us-gaap Inventory Net
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86500000 USD
CY2019Q4 us-gaap Inventory Net
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93400000 USD
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0 USD
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2019Q4 us-gaap Goodwill
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28000000.0 USD
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163600000 USD
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5500000 USD
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158100000 USD
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163600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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5300000 USD
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
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158300000 USD
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200000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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200000 USD
CY2018 us-gaap Amortization Of Intangible Assets
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100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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1040900000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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1007900000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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309300000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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269400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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731600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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738500000 USD
CY2020 us-gaap Depreciation
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49700000 USD
CY2019 us-gaap Depreciation
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45700000 USD
CY2018 us-gaap Depreciation
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35800000 USD
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8800000 USD
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13600000 USD
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60700000 USD
CY2019Q4 uthr Accrued Rebates And Chargebacks
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51700000 USD
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182000000.0 USD
CY2019 uthr Revenue Deduction Rebates And Chargebacks
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178700000 USD
CY2018 uthr Revenue Deduction Rebates And Chargebacks
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223700000 USD
CY2020 uthr Prompt Pay Discount Maximum Eligible Payment Period
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P30D
CY2020 uthr Expiration Period For Right To Return Product
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P12M
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0 USD
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6200000 USD
CY2018 uthr Increase In Allowance For Product Returns
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17500000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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13000000.0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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100000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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2246500000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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2233600000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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2246500000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1447600000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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4600000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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200000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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1452000000.0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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1452000000.0 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
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1093100000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
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1096900000 USD
CY2020Q4 uthr Available For Sale Securities Debt Maturities Rolling Year One Through Three Amortized Cost Basis
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1140500000 USD
CY2020Q4 uthr Available For Sale Securities Debt Maturities Rolling Year One Through Year Three Fair Value
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1149600000 USD
CY2020Q4 uthr Contractual Maturities Of Available For Sale Debt Securities Amortized Cost Basis
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2233600000 USD
CY2020Q4 uthr Contractual Maturities Of Available For Sale Securities Debt Securities
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2246500000 USD
CY2020 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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27300000 USD
CY2019 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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20500000 USD
CY2018 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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0 USD
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9100000 USD
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4100000 USD
CY2019Q4 us-gaap Accounts Payable Current
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9900000 USD
CY2020Q4 uthr Accrued Sales Related Royalties Rebates And Fees Current
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84500000 USD
CY2019Q4 uthr Accrued Sales Related Royalties Rebates And Fees Current
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71500000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
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47900000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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43400000 USD
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27800000 USD
CY2019Q4 uthr Accrued Research And Development Current
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16300000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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22700000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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7300000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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182900000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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138500000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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187000000.0 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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148400000 USD
CY2019Q4 us-gaap Lines Of Credit Current
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250000000.0 USD
CY2020Q4 uthr Number Of Equity Incentive Plans
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2 plan
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163800000 USD
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45400000 USD
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1000000.0 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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700000 USD
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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700000 USD
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0 shares
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514800000 USD
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-104500000 USD
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589200000 USD
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44200000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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43800000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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43500000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
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44600000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43800000 shares
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44000000.0 shares
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11.65
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13.54
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11.54
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13.39
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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6600000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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7200000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
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20000000.0 USD
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9400000 USD
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72500000 USD
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154000000.0 USD
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12700000 USD
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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3000000.0 USD
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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15700000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
124100000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Operating Lease Expense
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3500000 USD
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169700000 USD
CY2020 uthr Effective Income Tax Rate Reconciliation Deconsolidation Of Vie
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0 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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134200000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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159400000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
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24000000.0 USD
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21300000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
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16000000.0 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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11500000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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6300000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2100000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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4900000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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15700000 USD
CY2020 uthr Effective Income Tax Rate Reconciliation Uncertain Tax Positions
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4800000 USD
CY2019 uthr Effective Income Tax Rate Reconciliation Uncertain Tax Positions
EffectiveIncomeTaxRateReconciliationUncertainTaxPositions
-300000 USD
CY2018 uthr Effective Income Tax Rate Reconciliation Uncertain Tax Positions
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0 USD
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600000 USD
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11200000 USD
CY2020 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
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2200000 USD
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3300000 USD
CY2018 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
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3300000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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5100000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 uthr Effective Income Tax Rate Reconciliation Deconsolidation Of Vie
EffectiveIncomeTaxRateReconciliationDeconsolidationOfVie
1900000 USD
CY2018 uthr Effective Income Tax Rate Reconciliation Deconsolidation Of Vie
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0 USD
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169700000 USD
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176000000.0 USD
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187900000 USD
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73100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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56100000 USD
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18800000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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17600000 USD
CY2020Q4 uthr Deferred Tax Assets Supplemental Executive Retirement Plan
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10900000 USD
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10100000 USD
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4200000 USD
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9700000 USD
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8800000 USD
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7400000 USD
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19500000 USD
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5600000 USD
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6500000 USD
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301500000 USD
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306500000 USD
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269900000 USD
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26100000 USD
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38700000 USD
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1200000 USD
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3800000 USD
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400000 USD
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300000 USD
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500000 USD
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500000 USD
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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500000 USD
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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700000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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4500000 USD
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500000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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4500000 USD
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
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0.0400
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
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0.0400
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3200000 USD
CY2020 us-gaap Defined Benefit Plan Benefit Obligation Period Increase Decrease
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5300000 USD
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.40
CY2020 uthr Defined Contribution Plan Vesting Of Matching Contribution Service Period
DefinedContributionPlanVestingOfMatchingContributionServicePeriod
P3Y
CY2020 uthr Defined Contribution Plan Annual Increments Vesting Period
DefinedContributionPlanAnnualIncrementsVestingPeriod
P3Y
CY2020 uthr Defined Contribution Plan Vesting Of Matching Contribution Service Period
DefinedContributionPlanVestingOfMatchingContributionServicePeriod
P3Y
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2900000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2600000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2200000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1800000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1900000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8600000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20000000.0 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1483300000 USD
CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
108100000 USD
CY2020 uthr Gross Profit Excluding Other Revenue
GrossProfitExcludingOtherRevenue
1375200000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1448800000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
117600000 USD
CY2019 uthr Gross Profit Excluding Other Revenue
GrossProfitExcludingOtherRevenue
1331200000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1627800000 USD
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
198700000 USD
CY2018 uthr Gross Profit Excluding Other Revenue
GrossProfitExcludingOtherRevenue
1429100000 USD
CY2020 us-gaap Revenues
Revenues
1483300000 USD
CY2019 us-gaap Revenues
Revenues
1448800000 USD
CY2018 us-gaap Revenues
Revenues
1627800000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
731600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
738500000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
699700000 USD
CY2019Q1 uthr Upfront Payment
UpfrontPayment
800000000.0 USD

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