10-Q Filing

REPLIGEN CORP CIK: 730272 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001193125-20-134898`
Period End Date	20200331
Filing Date	20200506
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	d915034d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 40 Cash Flow Statement 58 Stockholders Equity 16

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$525.00K	USD	Point-in-time
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$658.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$528.39M	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`	$529.52M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.04M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$9.02M	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
Accounts receivable, net of allowances of $658 and $525 at March 31, 2020 and December 31, 2019, respectively	`AccountsReceivableNetCurrent`	$44.73M	USD	Point-in-time
Accounts receivable, net of allowances of $658 and $525 at March 31, 2020 and December 31, 2019, respectively	`AccountsReceivableNetCurrent`	$43.07M	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
Royalties and other receivables	`OtherReceivablesGrossCurrent`	$30.00K	USD	Point-in-time
Royalties and other receivables	`OtherReceivablesGrossCurrent`	$148.00K	USD	Point-in-time
Unbilled receivables	`UnbilledReceivablesCurrent`	$456.00K	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
Unbilled receivables	`UnbilledReceivablesCurrent`	$456.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$61.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.14M	shares	Point-in-time
Inventories, net	`InventoryNet`	$54.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.28M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.28M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$651.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$641.83M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$50.37M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$48.45M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$208.53M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$212.55M	USD	Point-in-time
Goodwill	`Goodwill`	$468.41M	USD	Point-in-time
Goodwill	`Goodwill`	$468.38M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.92M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.90M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$25.71M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$24.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$230.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$238.00K	USD	Point-in-time
Total assets	`Assets`	$1.40B	USD	Point-in-time
Total assets	`Assets`	$1.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.43M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$3.75M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$3.56M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$33.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$27.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.85M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$232.77M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$235.46M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$29.94M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$29.87M	USD	Point-in-time
Operating lease liability, long-term	`OperatingLeaseLiabilityNoncurrent`	$27.04M	USD	Point-in-time
Operating lease liability, long-term	`OperatingLeaseLiabilityNoncurrent`	$27.00M	USD	Point-in-time
Other liabilities, long-term	`OtherLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Other liabilities, long-term	`OtherLiabilitiesNoncurrent`	$2.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$336.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$340.35M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 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; 52,278,083 shares at March 31, 2020 and 52,078,258 shares at December 31, 2019 issued and outstanding	`CommonStockValue`	$521.00K	USD	Point-in-time
Common stock, $0.01 par value; 80,000,000 shares authorized; 52,278,083 shares at March 31, 2020 and 52,078,258 shares at December 31, 2019 issued and outstanding	`CommonStockValue`	$523.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.61M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$5.84M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$15.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$615.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$625.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.40B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.41B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$60.63M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$76.09M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$26.84M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$31.98M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.62M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$27.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.00M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$64.18M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$49.46M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.91M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$713.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$1.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.98M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$358.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$382.00K	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-655.00K	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-1.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.68M	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`	$861.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.14M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.11M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.28M	shares	1 Quarter
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.58M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.89M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.24M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.16M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.21M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfDebtDiscountPremium`	$2.69M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfDebtDiscountPremium`	$1.11M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.17M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.25M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$892.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-140.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.69M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.40M	USD	1 Quarter
Royalties and other receivables	`IncreaseDecreaseInOtherReceivables`	$-112.00K	USD	1 Quarter
Royalties and other receivables	`IncreaseDecreaseInOtherReceivables`	$-148.00K	USD	1 Quarter
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$-2.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.48M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.19M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-36.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-215.00K	USD	1 Quarter
Operating lease right of use assets	`IncreasedecreaseInOperatingLeaseRightOfUseAsset`	$-919.00K	USD	1 Quarter
Operating lease right of use assets	`IncreasedecreaseInOperatingLeaseRightOfUseAsset`	$-784.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-709.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-570.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.99M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.85M	USD	1 Quarter
Operating lease liability	`IncreasedecreaseInOperatingLeaseLiability`	$-840.00K	USD	1 Quarter
Operating lease liability	`IncreasedecreaseInOperatingLeaseLiability`	$334.00K	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-6.00K	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$180.00K	USD	1 Quarter
Total cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.79M	USD	1 Quarter
Total cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.53M	USD	1 Quarter
Additions to capitalized software costs	`PaymentsToAcquireSoftware`	$1.74M	USD	1 Quarter
Additions to capitalized software costs	`PaymentsToAcquireSoftware`	$911.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.13M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.09M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.04M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.83M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.60M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$44.00K	USD	1 Quarter
Payment of tax withholding obligation on vesting of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.00K	USD	1 Quarter
Total cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.59M	USD	1 Quarter
Total cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$44.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.92M	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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.16M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.31M	USD	1 Quarter
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`	$196.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.41M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$538.57M	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`	$196.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.41M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$538.57M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$1.76M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$1.05M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$527.00K	USD	1 Quarter
Assets acquired under operating leases	`AssetsAcquiredUnderOperatingLeases`	$17.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$615.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Balance	`StockholdersEquity`	$625.02M	USD	Point-in-time
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Exercise of stock options and releases of restricted stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.59M	USD	1 Quarter
Exercise of stock options and releases of restricted stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$44.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.25M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.17M	USD	1 Quarter
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-5.58M	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$615.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Balance	`StockholdersEquity`	$625.02M	USD	Point-in-time

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