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SUPPLEMENTAL FINANCIAL STATEMENTS INFORMATION | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SUPPLEMENTAL FINANCIAL STATEMENTS INFORMATION | SUPPLEMENTAL FINANCIAL STATEMENTS INFORMATION Supplemental Balance Sheet Information Inventory consisted of the following:
| June 30, 2024 |  | December 31, 2023
Raw materials | $ | 154,153 |  |  | $ | 155,704 |
Work-in-process | 605,770 |  |  | 571,107 |
Finished goods | 423,698 |  |  | 380,372 |
Total inventory | $ | 1,183,621 |  |  | $ | 1,107,183 |
Property, Plant and Equipment, Net consisted of the following:
| June 30, 2024 |  | December 31, 2023
Property, plant and equipment, gross | $ | 1,962,948 |  |  | $ | 1,933,222 |
Accumulated depreciation | (910,050) |  |  | (867,089) |
Total property, plant and equipment, net | $ | 1,052,898 |  |  | $ | 1,066,133 |
Depreciation expense, net of amounts capitalized into inventory, for the three and six months ended June 30, 2024 was $11.5 million and $24.1 million, respectively. Depreciation expense, net of amounts capitalized into inventory, for the three and six months ended June 30, 2023 was $9.4 million and $19.7 million, respectively. Intangible Assets, Net consisted of the following:
| June 30, 2024 |  | December 31, 2023
Finite-lived intangible assets | $ | 710,533 |  |  | $ | 710,011 |
Accumulated amortization | (445,000) |  |  | (415,310) |
Net carrying value | $ | 265,533 |  |  | $ | 294,701 |
In the first quarter of 2024, the Company received $10.0 million due to the achievement of a regulatory approval milestone by a third party related to previously sold intangible assets, which the Company recorded as a Gain on Sale of Nonfinancial Assets in the Condensed Consolidated Statements of Comprehensive Income. Accounts Payable and Accrued Liabilities consisted of the following:
| June 30, 2024 |  | December 31, 2023
Accounts payable and accrued operating expenses | $ | 257,412 |  |  | $ | 315,509 |
Accrued compensation expense | 147,737 |  |  | 201,067 |
Accrued rebates payable | 113,432 |  |  | 96,179 |
Accrued income taxes | 18,864 |  |  | 2,651 |
Lease liability | 10,689 |  |  | 8,779 |
Foreign currency exchange forward contracts | 7,684 |  |  | 33,853 |
Accrued royalties payable | 7,667 |  |  | 14,299 |
Deferred revenue | 1,912 |  |  | 4,620 |
Other | 7,103 |  |  | 6,190 |
Total accounts payable and accrued liabilities | $ | 572,500 |  |  | $ | 683,147 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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