XML 65 R35.htm IDEA: XBRL DOCUMENT v3.22.2

Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following tables include segment revenues and a reconciliation of the Company's segment adjusted gross margin to the condensed consolidated statement of operations for each of the Company's reporting segments as follows:

			Three Months Ended June 30, 2022															Three Months Ended June 30, 2021
			Products			Services			Other			Consolidated						Products			Services (1)			Other			Consolidated
Revenues			$	237.2		$	(1.8)		$	7.3		$	242.7					$	181.2		$	190.9		$	25.4		$	397.5
Contracts and grants revenue			—			—			(7.3)			(7.3)						—			—			(25.4)			(25.4)
Cost of product sales			(91.0)			—			—			(91.0)						(81.2)			—			—			(81.2)
Cost of contract development and manufacturing			—			(78.8)			—			(78.8)						—			(146.6)			—			(146.6)
Gross margin			146.2			(80.6)			—			65.6						100.0			44.3			—			144.3
Changes in fair value of contingent consideration			1.3			—			—			1.3						0.6			—			—			0.6
Adjusted gross margin			$	147.5		$	(80.6)		$	—		$	66.9					$	100.6		$	44.3		$	—		$	144.9
(1) Services revenue and Services adjusted gross margin for the three months ended June 30, 2021 includes the impact of $70.4 million of CDMO leases revenues related to the BARDA COVID-19 Development Public Private Partnership which ended in November 2021.

			Six Months Ended June 30, 2022															Six Months Ended June 30, 2021
			Products			Services			Other			Consolidated						Products			Services (1)			Other			Consolidated
Revenues			$	474.3		$	59.0		$	16.9		$	550.2					$	319.1		$	374.7		$	46.7		$	740.5
Less:
Contracts and grants revenue			—			—			(16.9)			(16.9)						—			—			(46.7)			(46.7)
Cost of product sales			(171.3)			—			—			(171.3)						(133.8)			—			—			(133.8)
Cost of contract development and manufacturing			—			(154.4)			—			(154.4)						—			(193.3)			—			(193.3)
Gross margin			303.0			(95.4)			—			207.6						185.3			181.4			—			366.7
Changes in fair value of contingent consideration			1.8			—			—			1.8						1.7			—			—			1.7
Adjusted gross margin			$	304.8		$	(95.4)		$	—		$	209.4					$	187.0		$	181.4		$	—		$	368.4
(1) Services revenue and Services adjusted gross margin for the six months ended June 30, 2021 includes the impact of $167.9 million of CDMO leases revenues related to the BARDA COVID-19 Development Public Private Partnership which ended in November 2021.

Schedule of Segment Reporting Information, by Segment

The following table includes depreciation for each segment as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Depreciation:
Products			$	6.7					$	8.7					$	14.1					$	15.9
Services			20.8						7.6						28.6						12.9
Other			1.0						2.2						2.4						3.3
Total			$	28.5					$	18.5					$	45.1					$	32.1

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration