XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue and Contract Acquisition Costs (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table summarizes the Company’s disaggregated revenue:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in millions) | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
U.S. Omnipod | $ | 320.6 |  |  | $ | 238.1 |  |  | $ | 856.4 |  |  | $ | 608.6 |  |  |  |  |
International Omnipod | 101.4 |  |  | 88.0 |  |  | 303.7 |  |  | 272.8 |  |  |  |  |
Total Omnipod | 422.0 |  |  | 326.1 |  |  | 1,160.1 |  |  | 881.4 |  |  |  |  |
Drug Delivery | 10.7 |  |  | 14.7 |  |  | 27.2 |  |  | 54.2 |  |  |  |  |
Total revenue | $ | 432.7 |  |  | $ | 340.8 |  |  | $ | 1,187.3 |  |  | $ | 935.6 |  |  |  |  |
Schedules of Concentration of Risk | The percentages of total revenue for customers that represent 10% or more of total revenue were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Distributor A | 26% |  | 17% |  | 27% |  | 18%
Distributor B | 21% |  | 18% |  | 18% |  | 16%
Distributor D | 23% |  | 17% |  | 23% |  | 15%
Distributor E | 11% |  | 10% |  | * |  | *
* Represents less than 10% of revenue for the period. The percentages of total net accounts receivable trade for customers that represent 10% or more of total net accounts receivable trade were as follows:
| September 30, 2023 |  | December 31, 2022
Distributor A | 35% |  | 34%
Distributor B | 14% |  | 11%
Distributor D | 31% |  | 23%
Schedule of Deferred Revenue | Deferred revenue related to unsatisfied performance obligations was included in the following consolidated balance sheet accounts in the amounts shown:
(in millions) | September 30, 2023 |  | December 31, 2022
Accrued expenses and other current liabilities | $ | 13.8 |  |  | $ | 16.1 |
Other liabilities | 1.8 |  |  | 1.6 |
Total deferred revenue | $ | 15.6 |  |  | $ | 17.7 |
Revenue recognized from amounts included in deferred revenue at the beginning of each respective period was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Deferred revenue recognized | $ | 3.0 |  |  | $ | 0.3 |  |  | $ | 15.2 |  |  | $ | 1.8 |
Schedule of Contract Acquisition Costs | Contract acquisition costs, representing capitalized commission costs related to new customers, net of amortization, were included in the following consolidated balance sheet captions in the amounts shown:
(in millions) | September 30, 2023 |  | December 31, 2022
Prepaid expenses and other current assets | $ | 16.4 |  |  | $ | 15.2 |
Other assets | 32.4 |  |  | 31.3 |
Total capitalized contract acquisition costs, net | $ | 48.8 |  |  | $ | 46.5 |

X
- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3 + Details
Name: | us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-21 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-20 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-18 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-20 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-16 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-21 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration