10-Q Filing

REPLIGEN CORP CIK: 730272 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-236196`
Period End Date	20180630
Filing Date	20180802
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	rgen-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 73 Cash Flow Statement 62

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$61.00K	USD	Point-in-time
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$58.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$173.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$175.61M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $61 at June 30, 2018 and $58 at December 31, 2017, respectively	`AccountsReceivableNetCurrent`	$31.71M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $61 at June 30, 2018 and $58 at December 31, 2017, respectively	`AccountsReceivableNetCurrent`	$27.59M	USD	Point-in-time
Royalties and other receivables	`OtherReceivablesGrossCurrent`	$153.00K	USD	Point-in-time
Royalties and other receivables	`OtherReceivablesGrossCurrent`	$17.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$39.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$40.95M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.80M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.59M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$242.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.91M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.80M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$22.42M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$23.99M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$139.18M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$144.75M	USD	Point-in-time
Goodwill	`Goodwill`	$327.33M	USD	Point-in-time
Goodwill	`Goodwill`	$327.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.90M	USD	Point-in-time
Total assets	`Assets`	$743.52M	USD	Point-in-time
Total assets	`Assets`	$745.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.28M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.93M	USD	Point-in-time
Convertible senior notes, current portion	`ConvertibleNotesPayableCurrent`	$101.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.12M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$99.25M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$25.17M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$20.64M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.34M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value, 5,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 5,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 43,798,572 shares at June 30, 2018 and 43,587,079 shares at December 31, 2017 issued and outstanding	`CommonStockValue`	$436.00K	USD	Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 43,798,572 shares at June 30, 2018 and 43,587,079 shares at December 31, 2017 issued and outstanding	`CommonStockValue`	$438.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$635.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$628.98M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$598.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$591.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$743.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$745.08M	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$63.05M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$32.45M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$92.56M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$47.73M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$13.94M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$21.09M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$40.76M	USD	2 Qtrs
Cost of product revenue	`CostOfGoodsAndServicesSold`	$27.93M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.86M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.60M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$9.07M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.78M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.19M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$20.37M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.59M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$32.49M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$51.90M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$82.31M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$26.98M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$43.46M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.47M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.15M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$10.25M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.27M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$512.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$693.00K	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$110.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$206.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.32M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.19M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.60M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-448.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-328.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$321.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$251.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.37M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.94M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.72M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.65M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$629.00K	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$1.76M	USD	2 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-4.78M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-3.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.51M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.34	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.33	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.68M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.00M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.10M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.74M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.69M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.72M	shares	2 Qtrs
Unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.00K	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.03M	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.05M	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.07M	USD	2 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.78M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$16.58M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.41M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-2.29M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$12.48M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.51M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.28M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.89M	USD	2 Qtrs
Non-cash interest expense	`AmortizationOfDebtDiscountPremium`	$2.09M	USD	2 Qtrs
Non-cash interest expense	`AmortizationOfDebtDiscountPremium`	$1.96M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.89M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.62M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.03M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.50M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$325.00K	USD	2 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$-5.38M	USD	2 Qtrs
Loss on conversion of convertible senior notes	`GainLossOnConversionOfDebt`	$-1.00K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-64.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.79M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.35M	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-60.00K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-226.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$813.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.10M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$236.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$144.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.24M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$754.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-701.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.74M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.22M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.98M	USD	2 Qtrs
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$43.00K	USD	2 Qtrs
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-86.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.54M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.96M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$42.00K	USD	2 Qtrs
Redemptions of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$16.85M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.41M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.68M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.41M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$14.13M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.49M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.50M	USD	2 Qtrs
Repayment of senior convertible notes	`RepaymentsOfConvertibleDebt`	$11.00K	USD	2 Qtrs
Payment of contingent consideration	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.68M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-172.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.48M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.05M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.75M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.97M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.85M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$173.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.61M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$173.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.61M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$1.46M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$2.15M	USD	2 Qtrs
Non-cash effect of adoption of ASU 2016-16	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$5.61M	USD	2 Qtrs
Payment of contingent consideration in common stock	`PaymentOfContingentConsiderationInCommonStock`	$1.06M	USD	2 Qtrs

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