10-Q Filing

INSULET CORP CIK: 1145197 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001145197-15-000032`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	podd-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 34 Cash Flow Statement 48

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.73M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$151.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.61M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$39.88M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$36.09M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	56.70M	shares	Point-in-time
Inventories	`InventoryNet`	$20.07M	USD	Point-in-time
Inventories	`InventoryNet`	$13.10M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	56.30M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	56.70M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.02M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	56.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$208.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$205.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.07M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$14.06M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.15M	USD	Point-in-time
Goodwill	`Goodwill`	$37.54M	USD	Point-in-time
Goodwill	`Goodwill`	$37.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.99M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.29M	USD	Point-in-time
Total assets	`Assets`	$302.16M	USD	Point-in-time
Total assets	`Assets`	$305.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.25M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$24.70M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$25.27M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.55M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.87M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$3.38M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$6.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.30M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$3.96M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$2.26M	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$168.99M	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$170.59M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.04M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$218.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$224.97M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.001 par value: Authorized: 5,000,000 shares at March 31, 2015 and December 31, 2014 Issued and outstanding: zero shares at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value: Authorized: 5,000,000 shares at March 31, 2015 and December 31, 2014 Issued and outstanding: zero shares at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value: Authorized: 100,000,000 shares at March 31, 2015 and December 31, 2014. Issued and outstanding: 56,704,347 and 56,299,022 shares at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$56.00K	USD	Point-in-time
Common stock, $.001 par value: Authorized: 100,000,000 shares at March 31, 2015 and December 31, 2014. Issued and outstanding: 56,704,347 and 56,299,022 shares at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$57.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$670.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$661.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-578.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-589.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$83.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$80.74M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$302.16M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$305.72M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$61.22M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$69.16M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$36.35M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$28.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.81M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.21M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.26M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$17.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$13.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.69M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.44M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.63M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.89M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$36.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$31.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$3.19M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$4.49M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$265.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$5.00K	USD	1 Quarter
Interest and other expense, net	`NonoperatingIncomeExpense`	$-3.15M	USD	1 Quarter
Interest and other expense, net	`NonoperatingIncomeExpense`	$-4.19M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.08M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.78M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$52.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.83M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.14M	USD	1 Quarter
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	1 Quarter
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Weighted-average number of shares used in calculating net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.50M	shares	1 Quarter
Weighted-average number of shares used in calculating net loss per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.09M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-11.83M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.43M	USD	1 Quarter
Non-cash interest and other expense	`AmortizationOfFinancingCostsAndDiscounts`	$1.88M	USD	1 Quarter
Non-cash interest and other expense	`AmortizationOfFinancingCostsAndDiscounts`	$2.53M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.36M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$328.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$891.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.46M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.97M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$985.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$313.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-288.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-384.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$904.00K	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities`	$-59.00K	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities`	$917.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$41.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$264.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.02M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.49M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.16M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.35M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.35M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.16M	USD	1 Quarter
Principal payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.19M	USD	1 Quarter
Principal payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$618.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.56M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.88M	USD	1 Quarter
Payment of withholding taxes in connection with vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.43M	USD	1 Quarter
Payment of withholding taxes in connection with vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.88M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.25M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-939.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.11M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.58M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$145.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$149.73M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$151.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$145.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$145.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$149.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$151.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$145.61M	USD	Point-in-time
Purchases of property and equipment under capital lease	`CapitalLeaseObligationsIncurred`	$5.72M	USD	1 Quarter
Purchases of property and equipment under capital lease	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.