$VRTX
VERTEX PHARMACEUTICALS INC / MA

2019 Q2 Form 10-Q Financial Statement

#000087532019000037 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $941.3M $752.2M
YoY Change 25.15% 38.23%
Cost Of Revenue $135.7M $104.4M
YoY Change 30.04% 46.59%
Gross Profit $805.6M $647.8M
YoY Change 24.36% 36.97%
Gross Profit Margin 85.58% 86.12%
Selling, General & Admin $156.5M $137.3M
YoY Change 13.98% 7.9%
% of Gross Profit 19.43% 21.2%
Research & Development $379.1M $337.5M
YoY Change 12.31% 16.61%
% of Gross Profit 47.06% 52.11%
Depreciation & Amortization $27.70M $18.10M
YoY Change 53.04% 22.3%
% of Gross Profit 3.44% 2.79%
Operating Expenses $535.6M $474.8M
YoY Change 12.8% 13.95%
Operating Profit $270.0M $172.9M
YoY Change 56.16% 228.0%
Interest Expense $14.84M $18.16M
YoY Change -18.28% -223.81%
% of Operating Profit 5.5% 10.5%
Other Income/Expense, Net $53.94M $53.82M
YoY Change 0.22% -2221.36%
Pretax Income $327.1M $216.6M
YoY Change 51.04% 510.01%
Income Tax $59.71M $10.34M
% Of Pretax Income 18.25% 4.77%
Net Earnings $267.4M $207.4M
YoY Change 28.97% 1052.26%
Net Earnings / Revenue 28.41% 27.57%
Basic Earnings Per Share $1.04 $0.82
Diluted Earnings Per Share $1.03 $0.80
COMMON SHARES
Basic Shares Outstanding 256.2M shares 254.1M shares
Diluted Shares Outstanding 259.8M shares 258.6M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.951B $2.768B
YoY Change 42.74% 65.85%
Cash & Equivalents $3.295B $2.145B
Short-Term Investments $657.0M $622.0M
Other Short-Term Assets $152.0M $132.0M
YoY Change 15.15% -23.26%
Inventory $143.0M $115.0M
Prepaid Expenses
Receivables $464.9M $393.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.711B $3.407B
YoY Change 38.26% 56.26%
LONG-TERM ASSETS
Property, Plant & Equipment $731.1M $815.9M
YoY Change -10.39% 10.25%
Goodwill $50.38M $50.38M
YoY Change 0.0% -0.03%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.77M $32.65M
YoY Change 76.92% 228.38%
Total Long-Term Assets $2.323B $928.0M
YoY Change 150.28% -16.02%
TOTAL ASSETS
Total Short-Term Assets $4.711B $3.407B
Total Long-Term Assets $2.323B $928.0M
Total Assets $7.033B $4.335B
YoY Change 62.23% 31.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.05M $83.03M
YoY Change -7.21% 9.34%
Accrued Expenses $1.069B $479.1M
YoY Change 123.13% 38.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $37.00M $15.00M
YoY Change 146.67% -16.67%
Total Short-Term Liabilities $1.259B $927.3M
YoY Change 35.79% 48.27%
LONG-TERM LIABILITIES
Long-Term Debt $552.0M $578.0M
YoY Change -4.5% 5.09%
Other Long-Term Liabilities $8.014M $25.59M
YoY Change -68.68% 1.47%
Total Long-Term Liabilities $8.014M $25.59M
YoY Change -68.68% 1.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.259B $927.3M
Total Long-Term Liabilities $8.014M $25.59M
Total Liabilities $1.964B $1.621B
YoY Change 21.17% 14.25%
SHAREHOLDERS EQUITY
Retained Earnings -$2.494B -$4.669B
YoY Change -46.59% -8.77%
Common Stock $7.567B $7.360B
YoY Change 2.82% 8.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.070B $2.686B
YoY Change
Total Liabilities & Shareholders Equity $7.033B $4.335B
YoY Change 62.23% 31.95%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $267.4M $207.4M
YoY Change 28.97% 1052.26%
Depreciation, Depletion And Amortization $27.70M $18.10M
YoY Change 53.04% 22.3%
Cash From Operating Activities $463.7M $321.7M
YoY Change 44.14% 77.15%
INVESTING ACTIVITIES
Capital Expenditures -$16.40M -$29.60M
YoY Change -44.59% 70.11%
Acquisitions
YoY Change
Other Investing Activities -$33.80M -$86.70M
YoY Change -61.01% 47.2%
Cash From Investing Activities -$50.20M -$116.3M
YoY Change -56.84% 52.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.00M -51.30M
YoY Change -74.66% -138.83%
NET CHANGE
Cash From Operating Activities 463.7M 321.7M
Cash From Investing Activities -50.20M -116.3M
Cash From Financing Activities -13.00M -51.30M
Net Change In Cash 400.5M 154.1M
YoY Change 159.9% -35.09%
FREE CASH FLOW
Cash From Operating Activities $463.7M $321.7M
Capital Expenditures -$16.40M -$29.60M
Free Cash Flow $480.1M $351.3M
YoY Change 36.66% 76.53%

Facts In Submission

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CY2018Q4 us-gaap Assets
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CY2019Q2 us-gaap Liabilities
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CY2018Q4 us-gaap Liabilities
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0 USD
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Profit Loss
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161117000 USD
us-gaap Stockholders Equity Other
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CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2714883000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Profit Loss
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us-gaap Stock Repurchased During Period Value
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184178000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5069965000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
536058000 USD
us-gaap Profit Loss
ProfitLoss
433551000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
160572000 USD
us-gaap Depreciation Depletion And Amortization
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54838000 USD
us-gaap Depreciation Depletion And Amortization
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34402000 USD
us-gaap Inventory Write Down
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7042000 USD
us-gaap Inventory Write Down
InventoryWriteDown
6928000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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100078000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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149376000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1036000 USD
us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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113968000 USD
us-gaap Increase Decrease In Accounts Receivable
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55870000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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25174000 USD
us-gaap Increase Decrease In Inventories
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9366000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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17580000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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12229000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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27748000 USD
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87358000 USD
us-gaap Increase Decrease In Other Deferred Liability
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3516000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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101074000 USD
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33603000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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25574000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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574360000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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202002000 USD
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Investments
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20000000 USD
us-gaap Payments To Acquire Investments
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21500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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114092000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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144837000 USD
us-gaap Payments For Repurchase Of Common Stock
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155849000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Finance Lease Principal Payments
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18926000 USD
vrtx Proceeds From Collaborative Funding
ProceedsFromCollaborativeFunding
7500000 USD
vrtx Proceeds From Collaborative Funding
ProceedsFromCollaborativeFunding
5000000 USD
vrtx Repaymentsof Collaborative Funding
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2823000 USD
vrtx Repaymentsof Collaborative Funding
RepaymentsofCollaborativeFunding
2412000 USD
us-gaap Proceeds From Construction Loans Payable
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1002000 USD
us-gaap Proceeds From Construction Loans Payable
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9566000 USD
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14061000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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643393000 USD
us-gaap Income Taxes Paid Net
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7069000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
5176000 USD
vrtx Employee Benefit Plan Payable Receivable
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
486542000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2658253000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1667526000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3301646000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2154068000 USD
us-gaap Interest Paid Net
InterestPaidNet
27109000 USD
us-gaap Interest Paid Net
InterestPaidNet
33444000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10902000 USD
vrtx Employee Benefit Plan Payable Receivable
EmployeeBenefitPlanPayableReceivable
13634000 USD
vrtx Accrued Share Repurchase Liability
AccruedShareRepurchaseLiability
0 USD
vrtx Accrued Share Repurchase Liability
AccruedShareRepurchaseLiability
4001000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates </span></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the amounts of revenues and expenses during the reported periods. Significant estimates in these condensed consolidated financial statements have been made in connection with the calculation of revenues, research and development expenses, goodwill, deferred tax asset valuation allowances and the provision for or benefit from income taxes. The Company bases its estimates on historical experience and various other assumptions, including in certain circumstances future projections that management believes to be reasonable under the circumstances. Actual results could differ from those estimates. Changes in estimates are reflected in reported results in the period in which they become known.</span></div>
CY2019Q1 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P15Y
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
140819000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
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137889000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
812005000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
758085000 USD
CY2018Q4 us-gaap Deferred Income Tax Assets Net
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1499672000 USD
CY2019Q1 us-gaap Deferred Income Tax Assets Net
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1510908000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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61674000 USD
CY2018Q4 us-gaap Assets
Assets
6245898000 USD
CY2019Q1 us-gaap Assets
Assets
6261958000 USD
CY2018Q4 us-gaap Capital Lease Obligations Current
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9817000 USD
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40589000 USD
CY2019Q1 vrtx Other Liabilities Excluding Capital Lease Obligations Current
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74893000 USD
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
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19658000 USD
CY2018Q4 vrtx Construction Financing Obligation Noncurrent
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561892000 USD
CY2019Q1 us-gaap Finance Lease Liability Noncurrent
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569487000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
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64849000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
26280000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5377000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2989478000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3029788000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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6245898000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6261958000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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941293000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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752157000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1799728000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1392956000 USD
CY2019Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
60200000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
24900000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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15900000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
24000000.0 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1100000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
267427000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
207360000 USD
us-gaap Net Income Loss
NetIncomeLoss
536058000 USD
us-gaap Net Income Loss
NetIncomeLoss
417623000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
65000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
163000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
267427000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
207295000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
536058000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
256154000 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
417460000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
256154000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253685000 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254135000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
255941000 shares
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
267427000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
207360000 USD
us-gaap Net Income Loss
NetIncomeLoss
536058000 USD
us-gaap Net Income Loss
NetIncomeLoss
417623000 USD
CY2019Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
CY2018Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
536058000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
417463000 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
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CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
267427000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
207296000 USD
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254135000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
255941000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253685000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
3000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
2000 shares
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
14000 shares
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
18000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
259822000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258584000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
260015000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258557000 shares
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.03
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2019Q2 us-gaap Cash
Cash
1700000000 USD
CY2018Q4 us-gaap Cash
Cash
1400000000 USD
CY2019Q2 us-gaap Cash
Cash
1700000000 USD
CY2018Q4 us-gaap Cash
Cash
1400000000 USD
CY2019Q2 vrtx Debtand Equity Securities Cost
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140883000 USD
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DebtandEquitySecuritiesUnrealizedGain
40646000 USD
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DebtandEquitySecuritiesUnrealizedLoss
7011000 USD
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AvailableForSaleSecuritiesDebtSecurities
1648745000 USD
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DebtSecuritiesAvailableforSaleMaturitywithinOneYear
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DebtSecuritiesAvailableforSaleMaturityafterOneYearThroughFiveYears
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1648745000 USD
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0 USD
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100100000 USD
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53900000 USD
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149400000 USD
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12798000 USD
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3171000 USD
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FinanceLeaseRightOfUseAssetGross
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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4828000 USD
CY2019Q2 vrtx Finance Leaseand Operating Lease Liability Payments Remainderof Fiscal Year
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43985000 USD
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FinanceLeaseLiabilityPaymentsDueYearTwo
89159000 USD
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10245000 USD
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99404000 USD
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8528000 USD
CY2019Q2 vrtx Finance Leaseand Operating Lease Liability Payment Due Year Three
FinanceLeaseandOperatingLeaseLiabilityPaymentDueYearThree
96053000 USD
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FinanceLeaseLiabilityPaymentsDueYearFour
85177000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8090000 USD
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FinanceLeaseandOperatingLeaseLiabilityPaymentsDueYearFour
93267000 USD
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8005000 USD
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92258000 USD
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17051000 USD
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FinanceLeaseandOperatingLeaseLiability
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P10Y2M26D
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P10Y9M29D
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FinanceLeaseWeightedAverageDiscountRatePercent
0.0910
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94245000 USD
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94071000 USD
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575191000 USD
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1038325000 USD
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6200000 USD
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LeaseAndRentalExpense
4200000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
8800000 USD
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94800000 USD
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CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
34000000.0 USD
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CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
10770000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
7282000 USD
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CapitalLeasesFutureMinimumPaymentsDueInThreeYears
5649000 USD
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CapitalLeasesFutureMinimumPaymentsDueInFourYears
3300000 USD
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CapitalLeasesFutureMinimumPaymentsDueInFiveYears
1974000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
3085000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
32060000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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2585000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
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29475000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
248000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
80000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
700000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
545000 USD
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
89687000 USD
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
82436000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
183478000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
160572000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
89687000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
82436000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
183478000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
160572000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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26118000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-5030000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
65642000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16829000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
63569000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
87466000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
117836000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
143743000 USD
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8194000 shares
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y1M20D
CY2019Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
126.39
CY2019Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
4543000 shares
CY2019Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
106.24
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
111200000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
27500000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19500000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2019Q2 vrtx Indemnification Claims
IndemnificationClaims
0 USD
CY2019Q2 vrtx Contingent Liabilities
ContingentLiabilities
0 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2650134000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3294684000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1665412000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2145359000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2658253000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3301646000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1667526000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2154068000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5055000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
24635000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
18926000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD

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