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Revenue | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Our disaggregated revenues were as follows (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Royalties |  | $ | 447,865 |  |  | $ | 360,475 |  |  | $ | 203,900 |
Product sales, net |  |  |  |  |  |
Sales of bulk rHuPH20 |  | 115,442 |  |  | 82,084 |  |  | 80,960 |
Sale of proprietary products |  | 130,834 |  |  | 72,849 |  |  | 23,264 |
Sale of device partnered products |  | 54,578 |  |  | 36,097 |  |  | — |
Total product sales, net |  | 300,854 |  |  | 191,030 |  |  | 104,224 |
Revenues under collaborative agreements: |  |  |  |  |  |
Upfront license and target nomination fees |  | 2,000 |  |  | 30,000 |  |  | 42,000 |
Event-based development and regulatory milestones and other fees |  | 69,000 |  |  | 59,000 |  |  | 42,000 |
Sales-based milestones |  | — |  |  | 10,000 |  |  | 50,000 |
Device licensing and development revenue |  | 9,534 |  |  | 9,611 |  |  | 1,186 |
Total revenues under collaborative agreements |  | 80,534 |  |  | 108,611 |  |  | 135,186 |
Total revenues |  | $ | 829,253 |  |  | $ | 660,116 |  |  | $ | 443,310 |
During the year ended December 31, 2023 we recognized revenue related to licenses granted to partners in prior periods in the amount of $516.9 million. This amount represents royalties earned in the current period, in addition to $69.0 million of variable consideration in the contracts where uncertainties were resolved and the development milestones are expected to be achieved or were achieved. We also recognized revenue of $3.2 million during the year ended December 31, 2023 that had been included in deferred revenues in our consolidated balance sheets as of December 31, 2022. Accounts receivable, other contract assets and deferred revenues (contract liabilities) from contracts with customers, including partners, consisted of the following (in thousands):
|  | December 31, 2023 |  | December 31, 2022
Accounts receivable, net |  | $ | 233,254 |  |  | $ | 186,970 |
Other contract assets |  | 956 |  |  | 44,102 |
Deferred revenues |  | 4,048 |  |  | — |
As of December 31, 2023, the amounts included in the transaction price of our contracts with customers, including partners, and allocated to goods and services not yet provided were $80.8 million of which $76.8 million relates to unfulfilled product purchase orders and $4.0 million has been collected and is reported as deferred revenues in our Consolidated Balance Sheets. The unfulfilled product purchase orders are estimated to be delivered by the end of 2024. Of the total deferred revenues of $4.0 million, $0.6 million is expected to be used by our customers within the next 12 months. We recognized contract assets of $1.0 million as of December 31, 2023, which related to development milestones deemed probable of receipt for intellectual property licenses granted to partners in prior periods and for goods or services when control has transferred to the customer, and corresponding revenue is recognized on an over time basis but is not yet billable to the customer in accordance with the terms of the contract.

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- Definition The entire disclosure for collaborative arrangements in which the entity is a participant, including a) information about the nature and purpose of such arrangements; b) its rights and obligations thereunder; c) the accounting policy for collaborative arrangements; and d) the income statement classification and amounts attributable to transactions arising from the collaborative arrangement between participants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -SubTopic 10 -Topic 808 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479402/808-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -SubTopic 10 -Topic 808 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479402/808-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 808 -Publisher FASB -URI https://asc.fasb.org//808/tableOfContent + Details
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