10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-18-032082 |
| Period End Date | 20180331 |
| Filing Date | 20180510 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | supn-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
130.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
130.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$100.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$444.14M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
51.31M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
51.63M | shares | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$45.59M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$39.74M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
51.31M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
51.63M | shares | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$65.59M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$67.86M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$19.07M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$16.30M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.58M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.52M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$228.45M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$583.25M | USD | Point-in-time |
| Long term marketable securities |
MarketableSecuritiesNoncurrent
|
$133.64M | USD | Point-in-time |
| Long term marketable securities |
MarketableSecuritiesNoncurrent
|
$175.06M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.00M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.12M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$36.02M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$34.86M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$389.00K | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$735.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$20.84M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$26.25M | USD | Point-in-time |
| Total assets |
Assets
|
$424.46M | USD | Point-in-time |
| Total assets |
Assets
|
$825.16M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$6.84M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.33M | USD | Point-in-time |
| Accrued sales deductions |
AccruedSalesDeduction
|
$73.03M | USD | Point-in-time |
| Accrued sales deductions |
AccruedSalesDeduction
|
$68.34M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$27.30M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$25.02M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$16.27M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$15.94M | USD | Point-in-time |
| Non-recourse liability related to sale of future royalties, current portion |
NonRecourseDebtSaleOfFutureRoyaltiesCurrent
|
$1.43M | USD | Point-in-time |
| Non-recourse liability related to sale of future royalties, current portion |
NonRecourseDebtSaleOfFutureRoyaltiesCurrent
|
$4.28M | USD | Point-in-time |
| Deferred licensing revenue |
ContractWithCustomerLiabilityCurrent
|
$287.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$119.09M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$123.00M | USD | Point-in-time |
| Deferred licensing revenue, net of current portion |
ContractWithCustomerLiabilityNoncurrent
|
$1.15M | USD | Point-in-time |
| Convertible notes, net |
ConvertibleLongTermNotesPayable
|
$318.23M | USD | Point-in-time |
| Non-recourse liability related to sale of future royalties, long term |
NonRecourseDebtSaleOfFutureRoyaltiesNoncurrent
|
$24.37M | USD | Point-in-time |
| Non-recourse liability related to sale of future royalties, long term |
NonRecourseDebtSaleOfFutureRoyaltiesNoncurrent
|
$22.26M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$10.58M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$11.61M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$473.29M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$156.98M | USD | Point-in-time |
| Common stock, $0.001 par value, 130,000,000 shares authorized at March 31, 2018 and December 31, 2017; 51,633,991 and 51,314,850 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
$52.00K | USD | Point-in-time |
| Common stock, $0.001 par value, 130,000,000 shares authorized at March 31, 2018 and December 31, 2017; 51,633,991 and 51,314,850 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
$51.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$352.26M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$295.00M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-747.00K | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.29M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-26.82M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$1.85M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$351.87M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$267.48M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$825.16M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$424.46M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenue |
Revenues
|
$57.58M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$90.43M | USD | 1 Quarter |
| Cost of product sales |
CostOfGoodsAndServicesSold
|
$2.95M | USD | 1 Quarter |
| Cost of product sales |
CostOfGoodsAndServicesSold
|
$3.28M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$18.91M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$9.60M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$28.24M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$36.85M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$59.03M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$40.79M | USD | 1 Quarter |
| Operating earnings |
OperatingIncomeLoss
|
$16.79M | USD | 1 Quarter |
| Operating earnings |
OperatingIncomeLoss
|
$31.39M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$531.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.21M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$90.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$717.00K | USD | 1 Quarter |
| Interest expense-nonrecourse liability related to sale of future royalties |
InterestExpenseNonRecourseRoyaltyLiability
|
$959.00K | USD | 1 Quarter |
| Interest expense-nonrecourse liability related to sale of future royalties |
InterestExpenseNonRecourseRoyaltyLiability
|
$701.00K | USD | 1 Quarter |
| Changes in fair value of derivative liabilities |
GainLossOnDerivativeInstrumentsNetPretax
|
$54.00K | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-101.00K | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-212.00K | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-565.00K | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$31.18M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$16.22M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$4.83M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$5.93M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$26.35M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$10.30M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.51 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.49 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.19 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
50.16M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
51.54M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
53.79M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
52.76M | shares | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
ProfitLoss
|
$26.35M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$10.30M | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-101.00K | USD | 1 Quarter |
| Change in fair value of derivative liability |
UnrealizedGainLossOnDerivatives
|
$54.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.71M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$741.00K | USD | 1 Quarter |
| Amortization of deferred financing costs and debt discount |
AmortizationOfFinancingCostsAndDiscounts
|
$612.00K | USD | 1 Quarter |
| Amortization of deferred financing costs and debt discount |
AmortizationOfFinancingCostsAndDiscounts
|
$31.00K | USD | 1 Quarter |
| Amortization of premium/discount on marketable securities |
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
$344.00K | USD | 1 Quarter |
| Amortization of premium/discount on marketable securities |
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
$-89.00K | USD | 1 Quarter |
| Non-cash interest expense on non-recourse liability related to sale of future royalties |
InterestExpenseNonRecourseRoyaltyLiability
|
$701.00K | USD | 1 Quarter |
| Non-cash interest expense on non-recourse liability related to sale of future royalties |
InterestExpenseNonRecourseRoyaltyLiability
|
$959.00K | USD | 1 Quarter |
| Non-cash royalty revenue |
RevenueFromRoyaltyAgreement
|
$1.30M | USD | 1 Quarter |
| Non-cash royalty revenue |
RevenueFromRoyaltyAgreement
|
$1.15M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$2.63M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$1.83M | USD | 1 Quarter |
| Deferred income tax provision |
DeferredIncomeTaxExpenseBenefit
|
$4.26M | USD | 1 Quarter |
| Deferred income tax provision |
DeferredIncomeTaxExpenseBenefit
|
$-1.12M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$798.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-2.64M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$2.77M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$2.37M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherCurrentAssets
|
$1.62M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherCurrentAssets
|
$62.00K | USD | 1 Quarter |
| Other non-current assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$342.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-3.13M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-3.44M | USD | 1 Quarter |
| Accrued sales deductions |
IncreaseDecreaseInAccruedSalesDeductions
|
$1.51M | USD | 1 Quarter |
| Accrued sales deductions |
IncreaseDecreaseInAccruedSalesDeductions
|
$4.69M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-1.13M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-1.86M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$327.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$1.67M | USD | 1 Quarter |
| Deferred licensing revenue |
IncreaseDecreaseInDeferredLicensingRevenue
|
$-58.00K | USD | 1 Quarter |
| Other non-current liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-86.00K | USD | 1 Quarter |
| Other non-current liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$984.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$27.13M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$13.36M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$57.76M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$22.19M | USD | 1 Quarter |
| Sales and maturities of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$7.34M | USD | 1 Quarter |
| Sales and maturities of marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$5.14M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$300.00K | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$253.00K | USD | 1 Quarter |
| Deferred legal fees |
PaymentsToAcquireIntangibleAssets
|
$343.00K | USD | 1 Quarter |
| Deferred legal fees |
PaymentsToAcquireIntangibleAssets
|
$3.41M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-20.76M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-51.01M | USD | 1 Quarter |
| Proceeds from issuance of convertible notes |
ProceedsFromConvertibleDebt
|
$402.50M | USD | 1 Quarter |
| Convertible notes issuance financing costs |
PaymentOfFinancingAndStockIssuanceCosts
|
$10.44M | USD | 1 Quarter |
| Proceeds from issuance of warrants |
ProceedsFromIssuanceOfWarrants
|
$65.69M | USD | 1 Quarter |
| Purchases of convertible note hedges |
PurchasesOfConvertibleNoteHedge
|
$92.90M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$604.00K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$2.86M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$367.71M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$604.00K | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$343.84M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-6.80M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$100.30M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$66.40M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$59.60M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$444.14M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$100.30M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$66.40M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$59.60M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$444.14M | USD | Point-in-time |
| Income taxes paid |
IncomeTaxesPaidNet
|
$5.62M | USD | 1 Quarter |
| Conversion of convertible notes and interest make-whole |
DebtConversionConvertedInstrumentAndInterestMakeWholeAmount
|
$1.02M | USD | 1 Quarter |
| Deferred legal fees included in accounts payable and accrued expenses |
NonCashCapitalizedCostOfIntangibleAssets
|
$6.58M | USD | 1 Quarter |
| Deferred legal fees included in accounts payable and accrued expenses |
NonCashCapitalizedCostOfIntangibleAssets
|
$304.00K | USD | 1 Quarter |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Unrealized (loss) gain on marketable securities, tax effect |
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
|
- | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$10.30M | USD | 1 Quarter |
| Unrealized (loss) gain on marketable securities, tax effect |
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
|
$-614.00K | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$26.35M | USD | 1 Quarter |
| Unrealized (loss) gain on marketable securities, net of tax of ($614) and $0, respectively |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-1.54M | USD | 1 Quarter |
| Unrealized (loss) gain on marketable securities, net of tax of ($614) and $0, respectively |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$166.00K | USD | 1 Quarter |
| Other comprehensive (loss) earnings: |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-1.54M | USD | 1 Quarter |
| Other comprehensive (loss) earnings: |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$166.00K | USD | 1 Quarter |
| Comprehensive earnings |
ComprehensiveIncomeNetOfTax
|
$24.81M | USD | 1 Quarter |
| Comprehensive earnings |
ComprehensiveIncomeNetOfTax
|
$10.46M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.