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Acquisitions - (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions

The fair value of consideration totaled approximately $533.7 million summarized as follows:

	Fair Value
Cash consideration	$	49,221
Fair value of PTC common stock issued	155,860
Estimated fair value of deferred consideration payable	38,100
Estimated fair value of contingent consideration payable	290,500
Total consideration	$	533,681

Preliminary Allocation and Purchase Consideration

The following table presents the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date of August 23, 2018, the measurement period adjustments recorded during the period from the acquisition date through December 31, 2018, and the final allocation of the purchase price as of December 31, 2018.

	Preliminary Allocation as of the acquisition date of August 23, 2018				Measurement Period Adjustments				Final Allocation as of December 31, 2018
Cash and cash equivalents	$	328			—				$	328
Prepaid expenses and other current assets	181				—				181
Fixed assets	153				—				153
Other assets	38				—				38
Intangible assets - in process research and development (“IPRD”)	480,000				96,500				576,500
Accounts payable and accrued expenses	(3,828		)		—				(3,828		)
Deferred tax liability	(115,200		)		(6,832		)		(122,032		)
Fair value of net assets acquired	$	361,672			$	89,668			$	451,340
Goodwill	100,309				(17,968		)		82,341
Total purchase price	$	461,981			$	71,700			$	533,681

Business Acquisition, Pro Forma Information

The following table summarizes certain supplemental pro forma financial information for the three and nine-month periods ended September 30, 2018 as if the Merger had occurred as of January 1, 2018.  The unaudited pro-forma financial information for the three month and nine month periods ended September 30, 2018 reflects adjustments of $0.8 million and $1.5 million , respectively, related to acquisition fees that are non-recurring in nature.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018				2018
Revenues	$	53,591			$	178,396
Net loss attributable to common stockholders	$	(52,458	)		$	(89,976	)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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-Publisher FASB
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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

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