10-Q Filing

REPLIGEN CORP CIK: 730272 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193125-19-142798`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	rgen-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 40 Cash Flow Statement 55 Stockholders Equity 17

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$226.00K	USD	Point-in-time
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$227.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.82M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $226 and $227 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$39.34M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $226 and $227 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$33.02M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Royalties and other receivables	`OtherReceivablesGrossCurrent`	$136.00K	USD	Point-in-time
Royalties and other receivables	`OtherReceivablesGrossCurrent`	$21.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled receivables	`UnbilledReceivablesCurrent`	$2.60M	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
Inventories, net	`InventoryNet`	$42.26M	USD	Point-in-time
Inventories, net	`InventoryNet`	$44.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.92M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.92M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$275.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.07M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$34.53M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$32.18M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$132.65M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$135.44M	USD	Point-in-time
Goodwill	`Goodwill`	$326.39M	USD	Point-in-time
Goodwill	`Goodwill`	$326.74M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.92M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.36M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$16.18M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$174.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$173.00K	USD	Point-in-time
Total assets	`Assets`	$774.62M	USD	Point-in-time
Total assets	`Assets`	$797.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.49M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$3.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.87M	USD	Point-in-time
Convertible senior notes, current portion	`ConvertibleNotesPayableCurrent`	$104.59M	USD	Point-in-time
Convertible senior notes, current portion	`ConvertibleNotesPayableCurrent`	$103.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.28M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$25.09M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$25.10M	USD	Point-in-time
Operating lease liability, long-term	`OperatingLeaseLiabilityNoncurrent`	$17.09M	USD	Point-in-time
Other liabilities, long-term	`OtherLiabilitiesNoncurrent`	$4.12M	USD	Point-in-time
Other liabilities, long-term	`OtherLiabilitiesNoncurrent`	$433.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$172.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$159.05M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`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
Common stock, $0.01 par value; 80,000,000 shares authorized; 44,073,998 shares at March 31, 2019 and 43,917,378 shares at December 31, 2018 issued and outstanding	`CommonStockValue`	$439.00K	USD	Point-in-time
Common stock, $0.01 par value; 80,000,000 shares authorized; 44,073,998 shares at March 31, 2019 and 43,917,378 shares at December 31, 2018 issued and outstanding	`CommonStockValue`	$441.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$645.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$642.59M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.89M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$625.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$591.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$615.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$597.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$797.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$774.62M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$44.83M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$60.63M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$19.67M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$26.84M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.62M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.29M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.90M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$49.46M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$38.85M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.98M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.17M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$713.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$181.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.65M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.73M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$71.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$358.00K	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-1.40M	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-655.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.52M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.46M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.45M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43,621.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43,968.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46,279.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44,327.00	shares	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.45M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$251.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.89M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.16M	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.21M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfDebtDiscountPremium`	$1.11M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfDebtDiscountPremium`	$1.04M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.27M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.25M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$449.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$892.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.69M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.53M	USD	1 Quarter
Royalties and other receivables	`IncreaseDecreaseInOtherReceivables`	$-127.00K	USD	1 Quarter
Royalties and other receivables	`IncreaseDecreaseInOtherReceivables`	$-112.00K	USD	1 Quarter
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$-2.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.19M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.48M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.61M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-215.00K	USD	1 Quarter
Operating lease right of use assets	`IncreasedecreaseInOperatingLeaseRightOfUseAsset`	$-784.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-570.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.55M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.85M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.84M	USD	1 Quarter
Increase Decrease in Operating Lease Liability	`IncreasedecreaseInOperatingLeaseLiability`	$-840.00K	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.00K	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-6.00K	USD	1 Quarter
Total cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.57M	USD	1 Quarter
Total cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.79M	USD	1 Quarter
Additions to capitalized software costs	`PaymentsToAcquireSoftware`	$1.74M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.09M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.56M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.83M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.56M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$44.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$344.00K	USD	1 Quarter
Repayment of senior convertible notes	`RepaymentsOfConvertibleDebt`	$11.00K	USD	1 Quarter
Total cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$44.00K	USD	1 Quarter
Total cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$333.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-224.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.69M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.31M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$117.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.82M	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`	$173.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.82M	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`	$173.88M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$1.05M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$937.00K	USD	1 Quarter
Non-cash effect of adoption of ASU 2016-16	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$5.61M	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$625.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$591.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$615.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$597.18M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.45M	USD	1 Quarter
Exercise of stock options and releases of restricted stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$44.00K	USD	1 Quarter
Exercise of stock options and releases of restricted stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$345.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.27M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.25M	USD	1 Quarter
Cumulative effect of accounting changes	`NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1`	$-677.00K	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.89M	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$251.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$625.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$591.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$615.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$597.18M	USD	Point-in-time

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