XML 35 R9.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Revenue | 12 Months Ended
--- | ---
Dec. 31, 2023
Revenue |
Revenue | 2.Revenue The Company launched LOQTORZI and YUSIMRY in the United States in December and July 2023, respectively, and initiated sales of CIMERLI on October 3, 2022. All net product revenue was generated in the United States, and the Company’s net revenue was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
(in thousands) |  | 2023 | ​ | 2022 | ​ | 2021
Products | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
UDENYCA | ​ | $ | 127,064 | ​ | $ | 203,814 | ​ | $ | 326,509
CIMERLI | ​ | ​ | 125,388 | ​ | ​ | 6,946 | ​ | ​ | —
YUSIMRY | ​ | ​ | 3,574 | ​ | ​ | — | ​ | ​ | —
LOQTORZI | ​ | ​ | 554 | ​ | ​ | — | ​ | ​ | —
Total net product revenue | ​ | ​ | 256,580 | ​ | ​ | 210,760 | ​ | ​ | 326,509
Other | ​ |  | 664 | ​ |  | 282 | ​ |  | 42
Total net revenue | ​ | $ | 257,244 | ​ | $ | 211,042 | ​ | $ | 326,551
​ Gross product revenues by significant customer as a percentage of total gross product revenues were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Year Ended December 31, |
​ | 2023 | ​ | ​ | 2022 |  | ​ | 2021 |
McKesson Corporation | 40 | % | ​ | 38 | % | ​ | 39 | %
Cencora (previously known as AmeriSource-Bergen Corporation) | 43 | % | ​ | 44 | % | ​ | 39 | %
Cardinal Health, Inc. | 15 | % | ​ | 17 | % | ​ | 20 | %
​ Product Sales Discounts and Allowances Provisions that reduce net revenue include chargebacks and discounts for prompt payment, which are recorded as a reduction in trade receivables, and rebates, other fees, co-pay assistance and returns, which are recorded as current liabilities and other liabilities, non-current in the accompanying consolidated balance sheets. The activities and ending reserve balances for each significant category of sales discounts and allowances, which constitute variable consideration, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Chargebacks |  | ​ | ​ |  | Other Fees, |  | ​ | ​
​ | ​ | and Discounts | ​ | ​ | ​ | ​ | Co-pay | ​ | ​ | ​
​ | ​ | for Prompt | ​ | ​ | ​ | ​ | Assistance | ​ | ​ | ​
(in thousands) | ​ | Payment | ​ | Rebates | ​ | and Returns | ​ | Total
Balances at December 31, 2020 | ​ | $ | 40,580 | ​ | $ | 54,058 | ​ | $ | 28,760 | ​ | $ | 123,398
Provision related to sales made in: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current period | ​ |  | 470,791 | ​ | ​ | 113,705 | ​ | ​ | 94,703 | ​ | ​ | 679,199
Prior period - increase (decrease) | ​ | ​ | (2,876) | ​ | ​ | (4,976) | ​ | ​ | (3,555) | ​ | ​ | (11,407)
Payments and customer credits issued | ​ |  | (478,830) | ​ |  | (108,783) | ​ |  | (93,854) | ​ |  | (681,467)
Balances at December 31, 2021 | ​ | ​ | 29,665 | ​ | ​ | 54,004 | ​ | ​ | 26,054 | ​ | ​ | 109,723
Provision related to sales made in: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current period | ​ | ​ | 436,865 | ​ | ​ | 68,399 | ​ | ​ | 73,435 | ​ | ​ | 578,699
Prior period - increase (decrease) | ​ | ​ | (2,090) | ​ | ​ | (1,050) | ​ | ​ | 32 | ​ | ​ | (3,108)
Payments and customer credits issued | ​ | ​ | (421,763) | ​ | ​ | (82,640) | ​ | ​ | (80,408) | ​ | ​ | (584,811)
Balances at December 31, 2022 | ​ | ​ | 42,677 | ​ | ​ | 38,713 | ​ | ​ | 19,113 | ​ | ​ | 100,503
Provision related to sales made in: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current period | ​ | ​ | 590,772 | ​ | ​ | 143,370 | ​ | ​ | 110,183 | ​ | ​ | 844,325
Prior period - increase (decrease) | ​ | ​ | (1,361) | ​ | ​ | 1,424 | ​ | ​ | 3,744 | ​ | ​ | 3,807
Payments and customer credits issued | ​ |  | (558,135) | ​ | ​ | (62,370) | ​ | ​ | (83,245) | ​ | ​ | (703,750)
Balances at December 31, 2023 | ​ | $ | 73,953 | ​ | $ | 121,137 | ​ | $ | 49,795 | ​ | $ | 244,885
​

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration