2021 Q4 Form 10-K Financial Statement

#000087532022000007 Filed on February 09, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $2.073B $7.574B $1.628B
YoY Change 27.32% 22.06% 15.18%
Cost Of Revenue $247.4M $904.2M $203.1M
YoY Change 21.8% 22.8% 9.78%
Gross Profit $1.825B $6.670B $1.425B
YoY Change 28.11% 21.95% 16.0%
Gross Profit Margin 88.06% 88.06% 87.52%
Selling, General & Admin $255.2M $840.1M $211.8M
YoY Change 20.45% 9.03% 8.48%
% of Gross Profit 13.98% 12.59% 14.87%
Research & Development $694.3M $3.051B $466.6M
YoY Change 48.8% 66.77% -2.8%
% of Gross Profit 38.04% 45.74% 32.75%
Depreciation & Amortization $33.83M $125.6M $29.30M
YoY Change 15.47% 14.7% 11.83%
% of Gross Profit 1.85% 1.88% 2.06%
Operating Expenses $947.5M $3.891B $678.4M
YoY Change 39.65% 49.66% 0.46%
Operating Profit $877.7M $2.782B $745.8M
YoY Change 17.69% -2.6% 35.24%
Interest Expense -$1.796M -$39.50M $16.29M
YoY Change -111.03% -167.93% 14.31%
% of Operating Profit -0.2% -1.42% 2.18%
Other Income/Expense, Net -$4.973M $4.900M $156.8M
YoY Change -103.17% -98.35% 23.1%
Pretax Income $871.0M $2.730B $888.6M
YoY Change -1.99% -12.4% 31.27%
Income Tax $100.8M $388.3M $284.4M
% Of Pretax Income 11.58% 14.22% 32.01%
Net Earnings $770.1M $2.342B $604.2M
YoY Change 27.46% -13.63% 3.59%
Net Earnings / Revenue 37.16% 30.92% 37.12%
Basic Earnings Per Share $9.09 $2.32
Diluted Earnings Per Share $2.997M $9.01 $2.30
COMMON SHARES
Basic Shares Outstanding 254.3M shares 257.7M shares 260.0M shares
Diluted Shares Outstanding 259.9M shares 263.1M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.525B $7.525B $6.659B
YoY Change 13.0% 13.0% 74.87%
Cash & Equivalents $6.795B $6.795B $5.988B
Short-Term Investments $729.9M $729.9M $671.0M
Other Short-Term Assets $187.2M $545.8M $79.70M
YoY Change 134.88% 77.21% -62.76%
Inventory $353.1M $353.1M $280.8M
Prepaid Expenses $83.50M
Receivables $1.137B $1.137B $885.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.561B $9.561B $8.133B
YoY Change 17.55% 17.55% 68.64%
LONG-TERM ASSETS
Property, Plant & Equipment $1.424B $1.424B $1.284B
YoY Change 10.93% 10.93% 72.33%
Goodwill $1.002B $1.000B
YoY Change 0.22% 0.0%
Intangibles $400.0M $400.0M
YoY Change 0.0% 0.0%
Long-Term Investments $85.80M $85.80M $21.00M
YoY Change 308.57% 308.57%
Other Assets $110.8M $959.5M $49.30M
YoY Change 124.75% 5.32% -28.94%
Total Long-Term Assets $3.872B $3.872B $3.618B
YoY Change 7.01% 6.99% 3.51%
TOTAL ASSETS
Total Short-Term Assets $9.561B $9.561B $8.133B
Total Long-Term Assets $3.872B $3.872B $3.618B
Total Assets $13.43B $13.43B $11.75B
YoY Change 14.3% 14.3% 41.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $195.0M $195.0M $155.1M
YoY Change 25.73% 25.81% 77.03%
Accrued Expenses $1.679B $1.501B $1.405B
YoY Change 19.47% 14.46% 25.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $46.90M $42.00M
YoY Change 11.67% 40.0%
Total Short-Term Liabilities $2.142B $2.142B $1.878B
YoY Change 14.09% 14.06% 40.65%
LONG-TERM LIABILITIES
Long-Term Debt $509.8M $509.8M $539.0M
YoY Change -5.42% -5.42% 0.0%
Other Long-Term Liabilities $116.8M $680.7M $108.4M
YoY Change 7.75% 5.05% 9.47%
Total Long-Term Liabilities $116.8M $1.191B $108.4M
YoY Change 7.75% 0.29% 9.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.142B $2.142B $1.878B
Total Long-Term Liabilities $116.8M $1.191B $108.4M
Total Liabilities $3.333B $3.333B $3.065B
YoY Change 8.73% 8.73% 37.25%
SHAREHOLDERS EQUITY
Retained Earnings $3.201B $858.7M
YoY Change 272.75% -146.34%
Common Stock $6.883B $7.897B
YoY Change -12.83% -0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.10B $10.10B $8.687B
YoY Change
Total Liabilities & Shareholders Equity $13.43B $13.43B $11.75B
YoY Change 14.3% 14.3% 41.27%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $770.1M $2.342B $604.2M
YoY Change 27.46% -13.63% 3.59%
Depreciation, Depletion And Amortization $33.83M $125.6M $29.30M
YoY Change 15.47% 14.7% 11.83%
Cash From Operating Activities $995.0M $2.644B $491.5M
YoY Change 102.44% -18.75% 10.2%
INVESTING ACTIVITIES
Capital Expenditures -$61.72M $235.0M -$47.70M
YoY Change 29.38% -9.55% 183.93%
Acquisitions $0.00
YoY Change
Other Investing Activities -$72.28M -$105.9M $291.4M
YoY Change -124.81% -129.48% -133.1%
Cash From Investing Activities -$134.0M -$340.9M $243.8M
YoY Change -154.96% -442.96% -127.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.425B
YoY Change 164.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -336.2M -$1.478B -125.2M
YoY Change 168.56% 192.5% -177.57%
NET CHANGE
Cash From Operating Activities 995.0M $2.644B 491.5M
Cash From Investing Activities -134.0M -$340.9M 243.8M
Cash From Financing Activities -336.2M -$1.478B -125.2M
Net Change In Cash 524.8M $811.2M 610.1M
YoY Change -13.99% -71.72% -310.67%
FREE CASH FLOW
Cash From Operating Activities $995.0M $2.644B $491.5M
Capital Expenditures -$61.72M $235.0M -$47.70M
Free Cash Flow $1.057B $2.409B $539.2M
YoY Change 95.98% -19.55% 16.51%

Facts In Submission

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CY2021Q4 us-gaap Stockholders Equity
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CY2019 us-gaap Increase Decrease In Other Deferred Liability
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CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2020 us-gaap Increase Decrease In Inventories
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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CY2020 us-gaap Increase Decrease In Other Operating Liabilities
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CY2019 us-gaap Increase Decrease In Other Operating Liabilities
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3253500000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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CY2021 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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CY2020 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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CY2019 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 vrtx Payment To Acquire Preferred Stock And Notes Receivable
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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200300000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Finance Lease Principal Payments
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CY2020 us-gaap Finance Lease Principal Payments
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CY2019 us-gaap Finance Lease Principal Payments
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39200000 USD
CY2021 vrtx Proceeds From Finance Leases
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22600000 USD
CY2020 vrtx Proceeds From Finance Leases
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13300000 USD
CY2019 vrtx Proceeds From Finance Leases
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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126800000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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20600000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1600000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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6800100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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5988900000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Interest Paid Net
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56300000 USD
CY2020 us-gaap Interest Paid Net
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54500000 USD
CY2019 us-gaap Interest Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Income Taxes Paid Net
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CY2019 us-gaap Income Taxes Paid Net
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24700000 USD
CY2021 us-gaap Number Of Operating Segments
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<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in accordance with U.S. GAAP requires us 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 our consolidated financial statements, and the amounts of revenues and expenses during the reported periods. We base our estimates on historical experience and various other assumptions, including in certain circumstances future projections that we believe 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>
CY2021Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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CY2021 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentration of credit risk consist principally of money market funds and marketable securities. We place these investments with highly rated financial institutions, and, by policy, limit the amount of credit exposure to any one financial institution. These amounts at times may exceed federally insured limits. We also maintain a foreign currency hedging program that includes foreign currency forward contracts with several counterparties. We have not experienced any credit losses related to these financial instruments and do not believe we are exposed to any significant credit risk related to these instruments. </span></div>We are also subject to credit risk from our accounts receivable related to our product sales and collaborators. We evaluate the creditworthiness of each of our customers and have determined that all our material customers are creditworthy. To date, we have not experienced significant losses with respect to the collection of our accounts receivable. We believe that our allowances, which are not significant to our consolidated financial statements, are adequate at December 31, 2021.
CY2021 vrtx Percentageofemployeeseligibleforaccelerationofequityawards
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0.05
CY2021 us-gaap Number Of Operating Segments
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1 segment
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-13900000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-16100000 USD
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-5200000 USD
CY2021 vrtx Collaborative Arrangement Research And Development Expenses
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1100000000 USD
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184600000 USD
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318300000 USD
CY2021 vrtx Collaborative Arrangement Up Front License Fee
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125800000 USD
CY2020 vrtx Collaborative Arrangement Up Front License Fee
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84600000 USD
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63300000 USD
CY2021 us-gaap Net Income Loss
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2342100000 USD
CY2020 us-gaap Net Income Loss
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2711700000 USD
CY2019 us-gaap Net Income Loss
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1176800000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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257700000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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259800000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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256700000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
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0.0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
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100000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
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100000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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259900000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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263400000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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260700000 shares
CY2021 us-gaap Earnings Per Share Basic
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9.09
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10.44
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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3912300000 USD
CY2019 us-gaap Earnings Per Share Basic
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4.58
CY2021 us-gaap Earnings Per Share Diluted
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9.01
CY2020 us-gaap Earnings Per Share Diluted
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10.29
CY2019 us-gaap Earnings Per Share Diluted
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4.51
CY2021Q4 us-gaap Cash
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3300000000 USD
CY2020Q4 us-gaap Cash
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2800000000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
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189600000 USD
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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-3100000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
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186500000 USD
CY2020 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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-69400000 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Loss
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CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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CY2021Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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CY2021Q4 us-gaap Finance Lease Right Of Use Asset
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CY2021Q4 vrtx Finance Lease And Operating Lease Liability Payment Due Year Three
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CY2021Q4 us-gaap Finance Lease Liability Payments Due
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CY2021Q4 vrtx Finance Lease And Operating Lease Liability Tenant Allowance
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
136.13
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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ProceedsFromStockOptionsExercised
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CY2021Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
141.76
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CY2021Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
136.13
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19200000 USD
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DefinedContributionPlanCostRecognized
15800000 USD
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CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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4100000 USD
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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3600000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1700000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
441400000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
429500000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
360500000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
455000000.0 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
27302 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
22636 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1520743 shares
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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2030700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2885400000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1263400000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
699700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
231500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
131500000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2730400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3116900000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1394900000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
71400000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
141500000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
37600000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
37200000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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DeferredFederalIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
6700000 USD
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
218100000 USD
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0
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CY2021 vrtx Effective Income Tax Rate Reconciliation Uncertian Tax Positions Percent
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0
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-0.067
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0
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0.007
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EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
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EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.142
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EffectiveIncomeTaxRateContinuingOperations
0.130
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EffectiveIncomeTaxRateContinuingOperations
0.156
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EffectiveIncomeTaxRateContinuingOperations
0.14
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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44100000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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0.13
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-209000000 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.16
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106600000 USD
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DeferredTaxAssetsOperatingLossCarryforwards
140600000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
202400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
406100000 USD
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DeferredTaxAssetsIntangibles
802800000 USD
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94600000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
89200000 USD
CY2021Q4 vrtx Deferred Tax Assets Accrued Expenses And Other
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48600000 USD
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47300000 USD
CY2021Q4 vrtx Deferred Tax Assets Lease Obligation
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103400000 USD
CY2020Q4 vrtx Deferred Tax Assets Lease Obligation
DeferredTaxAssetsLeaseObligation
118700000 USD
CY2021Q4 vrtx Deferred Tax Assets Operating Lease Assets
DeferredTaxAssetsOperatingLeaseAssets
81100000 USD
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DeferredTaxAssetsOperatingLeaseAssets
65000000.0 USD
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41700000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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22100000 USD
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1481200000 USD
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DeferredTaxAssetsGross
1396500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
117000000.0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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87000000.0 USD
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87000000.0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
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32600000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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326300000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
299900000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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934500000 USD
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882800000 USD
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220400000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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86600000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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33900000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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19500000 USD
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42000000.0 USD
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26700000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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14500000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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19900000 USD
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26700000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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600000 USD
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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500000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1300000 USD
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700000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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86600000 USD
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33900000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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75800000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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33900000 USD
CY2021 vrtx Number Of Credit Agreements
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2 credit_agreement
CY2021Q4 vrtx Indemnification Claims
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0 USD
CY2020Q4 vrtx Contingent Liabilities
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0 USD
CY2021Q4 vrtx Contingent Liabilities
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0 USD
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1424400000 USD
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1284100000 USD

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