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SUPPLEMENTAL FINANCIAL STATEMENTS INFORMATION

9 Months Ended

Sep. 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:

			September 30, 2024						December 31, 2023
Raw materials			$	144,484					$	155,704
Work-in-process			499,069						571,107
Finished goods			535,786						380,372
Total inventory			$	1,179,339					$	1,107,183

Property, Plant and Equipment, Net consisted of the following:

			September 30, 2024						December 31, 2023
Property, plant and equipment, gross			$	1,914,616					$	1,933,222
Accumulated depreciation			(869,208)						(867,089)
Total property, plant and equipment, net			$	1,045,408					$	1,066,133

Depreciation expense, net of amounts capitalized into inventory, for the three and nine months ended September 30, 2024 was $10.9 million and $35.0 million, respectively. Depreciation expense, net of amounts capitalized into inventory, for the three and nine months ended September 30, 2023 was $9.9 million and $29.6 million, respectively. See Note 10 – Restructuring for impairments relating to the Company’s organizational redesign efforts.

Intangible Assets, Net consisted of the following:

			September 30, 2024						December 31, 2023
Finite-lived intangible assets			$	714,015					$	710,011
Accumulated amortization			(453,095)						(415,310)
Net carrying value			$	260,920					$	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:

			September 30, 2024						December 31, 2023
Accounts payable and accrued operating expenses			$	312,321					$	315,509
Accrued compensation expense			200,149						201,067
Accrued rebates payable			141,856						96,179
Accrued income taxes			21,040						2,651
Foreign currency exchange forward contracts			14,301						33,853
Lease liability			8,060						8,779
Accrued royalties payable			7,491						14,299
Deferred revenue			2,346						4,620
Other			8,094						6,190
Total accounts payable and accrued liabilities			$	715,658					$	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

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