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SUPPLEMENTAL FINANCIAL STATEMENTS INFORMATION

6 Months Ended

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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- References

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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

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