XML 170 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

SUPPLEMENTAL BALANCE SHEET INFORMATION | 6 Months Ended
--- | ---
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SUPPLEMENTAL BALANCE SHEET INFORMATION | SUPPLEMENTAL BALANCE SHEET INFORMATION Inventory consisted of the following:
| June 30, 2021 |  | December 31, 2020
Raw materials | $ | 83,720 |  |  | $ | 76,673 |
Work-in-process | 373,951 |  |  | 308,286 |
Finished goods | 253,304 |  |  | 313,589 |
Total inventory | $ | 710,975 |  |  | $ | 698,548 |
Inventory as of June 30, 2021 included pre-launch inventory manufacturing-related costs for the commercial production of vosoritide inventory totaling $9.6 million. Vosoritide is a product candidate for the treatment of achondroplasia in children, the most common form of disproportionate short stature in humans. The Company must receive marketing approval from the applicable regulators before the vosoritide inventory can be sold commercially. Starting in the first quarter of 2021, the Company believed that material uncertainties related to the ultimate regulatory approval of vosoritide for commercial sale in certain markets had been significantly reduced. A number of factors were taken into consideration, including the current status in the drug development process, pivotal clinical trial results for the underlying product candidate, results from meetings with the relevant regulatory authorities, historical experience, as well as potential impediments to the approval process such as product safety or efficacy, as well as commercialization and marketplace trends. See Note 3 – Summary of Significant Accounting Policies included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 for additional information related to the Company’s policies on inventory produced prior to regulatory approval. Property, Plant and Equipment, Net consisted of the following:
| June 30, 2021 |  | December 31, 2020
Property, plant and equipment, gross | $ | 1,704,705 |  |  | $ | 1,668,066 |
Accumulated depreciation | (678,126) |  |  | (635,595) |
Total property, plant and equipment, net | $ | 1,026,579 |  |  | $ | 1,032,471 |
Depreciation expense, net of amounts capitalized into inventory, for the three and six months ended June 30, 2021 was $11.8 million and $24.3 million, respectively. Depreciation expense, net of amounts capitalized into inventory, for the three and six months ended June 30, 2020 was $9.7 million and $20.0 million, respectively. Intangible Assets, Net consisted of the following:
| June 30, 2021 |  | December 31, 2020
Finite-lived intangible assets | $ | 652,107 |  |  | $ | 644,087 |
Less: Accumulated amortization | (257,809) |  |  | (226,816) |
Net carrying value | $ | 394,298 |  |  | $ | 417,271 |
Accounts Payable and Accrued Liabilities consisted of the following:
| June 30, 2021 |  | December 31, 2020
Accounts payable and accrued operating expenses | $ | 176,073 |  |  | $ | 191,429 |
Accrued compensation expense | 129,668 |  |  | 165,023 |
Accrued rebates payable | 58,595 |  |  | 65,526 |
Accrued royalties payable | 17,204 |  |  | 17,155 |
Forward foreign currency exchange contracts | 11,034 |  |  | 17,798 |
Lease liabilities | 11,024 |  |  | 11,754 |
Value added taxes payable | 1,665 |  |  | 9,562 |
Accrued income taxes | 1,538 |  |  | 9,661 |
Other | 4,331 |  |  | 4,640 |
Total accounts payable and accrued liabilities | $ | 411,132 |  |  | $ | 492,548 |

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

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration