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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents segment revenues, segment cost of sales or services, segment gross margin, segment gross margin % and total segment adjusted gross margin for each of our reportable segments for the years ended December 31, 2023, 2022, and 2021:

			Year Ended December 31,
			2023						2022						2021
Revenues:
Commercial Products			$	497.3					$	386.6					$	438.0
MCM Products			447.2						579.6						585.9
Services (1)			78.5						109.9						615.5
Segment revenues			1,023.0						1,076.1						1,639.4
Contracts and grants revenue			26.3						41.4						134.2
Total revenues			$	1,049.3					$	1,117.5					$	1,773.6
Cost of sales or services:
Cost of Commercial Products			$	210.3					$	160.3					$	187.2
Cost of MCM Products			305.6						264.3						195.4
Cost of Services			189.5						268.5						365.5
Total cost of sales or services			$	705.4					$	693.1					$	748.1
Gross margin
Commercial Products			$	287.0					$	226.3					$	250.8
MCM Products			141.6						315.3						390.5
Services (1)			(111.0)						(158.6)						250.0
Total segment gross margin (2)			$	317.6					$	383.0					$	891.3
Gross margin %
Commercial Products			58		%				59		%				57		%
MCM Products			32		%				54		%				67		%
Services (1)			(141)		%				(144)		%				41		%
Total Segment			31		%				36		%				54		%
Segment adjusted gross margin
Commercial Products			$	287.0					$	226.3					$	250.8
MCM Products			151.3						369.3						393.4
Services (1)			(102.6)						(158.6)						250.0
Total segment adjusted gross margin			$	335.7					$	437.0					$	894.2
(1) Services revenue, Services gross margin and Services segment adjusted gross margin for the year ended December 31, 2021 includes the impact of $243.1 million of Bioservices leases revenues related to the BARDA COVID-19 Development Public Private Partnership which ended in November 2021.
(2) Segment revenues less total cost of sales or services.

The following table provides a reconciliation of the Company's total segment adjusted gross margin to the Consolidated Statement of Operations:

			Year Ended December 31,
			2023						2022						2021
Total segment adjusted gross margin			$	335.7					$	437.0					$	894.2
Reconciling items:
Contracts and grants revenue			$	26.3					$	41.4					$	134.2
Segment restructuring costs			(14.0)						—						—
Segment inventory step-up provision			(3.9)						(51.4)						—
Changes in fair value of contingent consideration			(0.2)						(2.6)						(2.9)
Impairment of long-lived assets			(306.7)						—						—
Research and development			(111.4)						(188.3)						(235.2)
Selling, general and administrative			(368.4)						(339.5)						(348.7)
Goodwill impairment			(218.2)						(6.7)						(41.7)
Amortization of intangible assets			(65.6)						(59.9)						(58.5)
Interest expense			(87.9)						(37.3)						(34.5)
Gain on sale of business			74.2						—						—
Other, net			8.9						(11.7)						(3.7)
Income (loss) before income taxes			$	(731.2)					$	(219.0)					$	303.2

Schedule of Segment Reporting Information, by Segment

The following table includes depreciation expense for each segment:

			Year Ended December 31,
			2023						2022						2021
Depreciation:
Commercial Products			$	0.3					$	3.2					$	3.1
MCM Products			22.8						29.7						24.7
Services			22.5						43.2						28.3
Other			13.9						7.3						6.1
Total			$	59.5					$	83.4					$	62.2

Revenue from External Customers by Geographic Areas

The following table includes revenues by country. Revenues have been attributed based on the location of the customer:

			Year Ended December 31,
			2023						2022						2021
Revenue:
United States			$	607.2					$	886.1					$	1,623.4
Canada			224.2						148.6						66.7
Other			217.9						82.8						83.5
Total revenues			$	1,049.3					$	1,117.5					$	1,773.6

Long-Lived Assets by Geographic Areas

The following table included long-lived assets, net by country. Long-lived assets, net includes right-of-use assets and property, plant & equipment, net, excluding software, net:

			December 31,
			2023						2022
Long-lived assets, net:
United States			$	352.3					$	696.1
Switzerland			—						88.1
Canada			37.2						37.5
Other			2.9						5.0
Total long-lived assets, net			$	392.4					$	826.7

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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.

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