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Segment Information (Tables)

9 Months Ended

Sep. 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:

			Three Months Ended September 30, 2022															Three Months Ended September 30, 2021
			Products			Services			Other			Consolidated						Products			Services (1)			Other			Consolidated
Revenues			$	186.2		$	36.4		$	17.4		$	240.0					$	270.5		$	41.6		$	16.9		$	329.0
Less:
Contracts and grants revenue			—			—			(17.4)			(17.4)						—			—			(16.9)			(16.9)
Cost of product sales			(85.5)			—			—			(85.5)						(103.2)			—			—			(103.2)
Cost of CDMO			—			(63.1)			—			(63.1)						—			(114.3)			—			(114.3)
Gross margin			100.7			(26.7)			—			74.0						167.3			(72.7)			—			94.6
Changes in fair value of contingent consideration			0.6			—			—			0.6						0.9			—			—			0.9
Adjusted gross margin			$	101.3		$	(26.7)		$	—		$	74.6					$	168.2		$	(72.7)		$	—		$	95.5
(1) Services revenue and Services adjusted gross margin for the three months ended September 30, 2021 includes the impact of the reversal of $86.0 million of CDMO leases revenues related to the BARDA COVID-19 Development Public Private Partnership which ended in November 2021.

			Nine Months Ended September 30, 2022															Nine Months Ended September 30, 2021
			Products			Services			Other			Consolidated						Products			Services (1)			Other			Consolidated
Revenues			$	660.5		$	95.4		$	34.3		$	790.2					$	589.6		$	416.3		$	63.6		$	1,069.5
Less:
Contracts and grants revenue			—			—			(34.3)			(34.3)						—			—			(63.6)			(63.6)
Cost of product sales			(256.8)			—			—			(256.8)						(237.0)			—			—			(237.0)
Cost of CDMO			—			(217.5)			—			(217.5)						—			(307.6)			—			(307.6)
Gross margin			403.7			(122.1)			—			281.6						352.6			108.7			—			461.3
Changes in fair value of contingent consideration			2.4			—			—			2.4						2.6			—			—			2.6
Adjusted gross margin			$	406.1		$	(122.1)		$	—		$	284.0					$	355.2		$	108.7		$	—		$	463.9
(1) Services revenue and Services adjusted gross margin for the nine months ended September 30, 2021 includes the impact of $81.9 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 expense for each segment:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Depreciation:
Products			$	11.5					$	5.0					$	25.6					$	20.9
Services			5.6						8.4						34.2						21.3
Other			3.3						1.0						5.7						4.3
Total			$	20.4					$	14.4					$	65.5					$	46.5

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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- 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

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