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Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contracts with Customers

Summary of product revenue provision and allowance

The following tables summarize activity in each of the Company’s product revenue provision and allowance categories for the six months ended June 30, 2024 and 2023:

​

​	​	​	​	​	​	​	​	​	​
​	​	​		​	​			Trade
​	​	Rebates and		​	Product		​	Allowances and
​	​	Incentives (1)		​	Returns (2)		​	Chargebacks (3)
Balance as of December 31, 2023	​	$	149,826	​	$	77,505	​	$	20,917
Provision related to current period sales	​	​	197,088	​	​	19,937	​	​	79,615
Changes in estimate related to prior period sales	​	​	325	​	​	2,406	​	​	(79)
Credits/payments made	​	​	(192,073)	​	​	(18,806)	​	​	(78,578)
Balance as of June 30, 2024	​	$	155,166	​	$	81,042	​	$	21,875

​

​	​	​	​	​	​	​	​	​	​
​		​		​	​			Trade
​	​	Rebates and		​	Product		​	Allowances and
​	​	Incentives (1)		​	Returns (2)		​	Chargebacks (3)
Balance as of December 31, 2022	​	$	156,937	​	$	73,554	​	$	22,058
Provision related to current period sales	​	​	211,709	​	​	20,958	​	​	73,382
Changes in estimate related to prior period sales	​	​	(1,623)	​	​	1,230	​	​	593
Credits/payments made	​	​	(227,167)	​	​	(22,509)	​	​	(73,076)
Balance as of June 30, 2023	​	$	139,856	​	$	73,233	​	$	22,957

​

(1) Provisions for rebates and incentives include managed care rebates, government rebates and co-pay program incentives. Provisions for rebates and incentives are deducted from gross revenues at the time revenues are recognized and are included in accrued rebates, returns and discounts in the Company’s Condensed Consolidated Balance Sheets.

(2) Provisions for product returns are deducted from gross revenues at the time revenues are recognized and are included in accrued rebates, returns and discounts in the Company’s Condensed Consolidated Balance Sheets.

(3) Provisions for trade allowances and chargebacks include fees for distribution service fees, prompt pay discounts, and chargebacks. Trade allowances and chargebacks are deducted from gross revenue at the time revenues are recognized and are recorded as a reduction to accounts receivable in the Company’s Condensed Consolidated Balance Sheets.

Schedule of disaggregation of revenue

​

​	​	​	​	​	​	​	​	​	​	​	​
​	Three Months Ended June 30,					​	Six Months Ended June 30,
​	2024		​	2023		​	2024		​	2023
Belbuca	$	52,198	​	$	43,136	​	$	102,861	​	$	87,348
Xtampza ER	​	44,571		​	41,245	​	​	90,384	​	​	89,114
Nucynta IR	​	25,203	​	​	28,158	​	​	51,163	​	​	56,057
Nucynta ER	​	19,272	​	​	19,171	​	​	38,458	​	​	40,307
Symproic	​	4,032	​	​	3,836	​	​	7,333	​	​	7,487
Total product revenues, net	$	145,276	​	$	135,546	​	$	290,199	​	$	280,313

​

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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