XML 64 R42.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Revenue and Contract Acquisition Costs (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table summarizes the Company’s disaggregated revenue:
| Years Ended December 31,
(in millions) | 2023 |  | 2022 |  | 2021
U.S. | $ | 1,251.0 |  |  | $ | 884.8 |  |  | $ | 651.5 |
International | 410.1 |  |  | 363.0 |  |  | 359.9 |
Total Omnipod Products | 1,661.1 |  |  | 1,247.8 |  |  | 1,011.4 |
Drug Delivery | 36.0 |  |  | 57.5 |  |  | 87.4 |
Total revenue | $ | 1,697.1 |  |  | $ | 1,305.3 |  |  | $ | 1,098.8 |
Schedules of Concentration of Risk | The percentages of total revenue for customers that represent 10% or more of total revenue was as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Distributor A | 28% |  | 19% |  | *
Distributor B | 24% |  | 16% |  | *
Distributor C | 19% |  | 17% |  | 12%
* 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:
| As of December 31,
| 2023 |  | 2022
Distributor A | 35% |  | 34%
Distributor B | 25% |  | 23%
Distributor C | 18% |  | 11%
Schedule of Deferred Revenue | Deferred revenue related to unsatisfied performance obligations was included in the following consolidated balance sheet accounts in the amounts shown:
| As of December 31,
(in millions) | 2023 |  | 2022
Accrued expenses and other current liabilities | $ | 15.4 |  |  | $ | 16.1 |
Other liabilities | 1.9 |  |  | 1.6 |
Total deferred revenue | $ | 17.3 |  |  | $ | 17.7 |
Revenue recognized from amounts included in deferred revenue at the beginning of each respective period was as follows:
| As of December 31,
(in millions) | 2023 |  | 2022 |  | 2021
Deferred revenue recognized | $ | 16.0 |  |  | $ | 2.1 |  |  | $ | 4.4 |
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:
| As of December 31,
(in millions) | 2023 |  | 2022
Prepaid expenses and other current assets | $ | 16.6 |  |  | $ | 15.2 |
Other assets | 32.0 |  |  | 31.3 |
Total capitalized contract acquisition costs, net | $ | 48.6 |  |  | $ | 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