10-Q Filing

REPLIGEN CORP CIK: 730272 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-150053`
Period End Date	20210331
Filing Date	20210504
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	d137446d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 40 Cash Flow Statement 58 Stockholders Equity 18

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$762.00K	USD	Point-in-time
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$755.00K	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`	$717.29M	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`	$711.32M	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 reserves of $755 and $762 at March 31, 2021 and December 31, 2020, respectively	`AccountsReceivableNetCurrent`	$90.21M	USD	Point-in-time
Accounts receivable, net of reserves of $755 and $762 at March 31, 2021 and December 31, 2020, respectively	`AccountsReceivableNetCurrent`	$71.39M	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
Inventories, net	`InventoryNet`	$95.03M	USD	Point-in-time
Inventories, net	`InventoryNet`	$109.52M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.68M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.29M	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
Total current assets	`AssetsCurrent`	$902.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$926.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.76M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$72.24M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$66.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.90M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$281.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.76M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$287.10M	USD	Point-in-time
Goodwill	`Goodwill`	$617.52M	USD	Point-in-time
Goodwill	`Goodwill`	$618.30M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.48M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.00M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$25.18M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$27.03M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$529.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$573.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.00B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.00B	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Total assets	`Assets`	$1.90B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.88M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$5.25M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$3.77M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$42.43M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$53.09M	USD	Point-in-time
Convertible Senior Notes, current portion, net	`ConvertibleNotesPayableCurrent`	$243.74M	USD	Point-in-time
Convertible Senior Notes, current portion, net	`ConvertibleNotesPayableCurrent`	$246.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$318.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$313.33M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxAndOtherLiabilitiesNoncurrent`	$26.71M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxAndOtherLiabilitiesNoncurrent`	$27.03M	USD	Point-in-time
Noncurrent operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$29.56M	USD	Point-in-time
Noncurrent operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$26.43M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.51M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.32M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$54.78M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$57.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$373.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$371.11M	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, $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; 54,899,245 shares at March 31, 2021 and 54,760,837 shares at December 31, 2020 issued and outstanding	`CommonStockValue`	$548.00K	USD	Point-in-time
Common stock, $0.01 par value; 80,000,000 shares authorized; 54,899,245 shares at March 31, 2021 and 54,760,837 shares at December 31, 2020 issued and outstanding	`CommonStockValue`	$549.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.47B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.46B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.08M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$95.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.53B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.56B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.90B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$142.84M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$76.09M	USD	1 Quarter
Cost of product revenue	`CostOfGoodsAndServicesSold`	$59.75M	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`	$7.61M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$39.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$27.50M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$106.45M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$64.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$36.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.91M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$1.36M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$52.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.11M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.98M	USD	1 Quarter
Other (expenses) income	`OtherNonoperatingIncomeExpense`	$382.00K	USD	1 Quarter
Other (expenses) income	`OtherNonoperatingIncomeExpense`	$-224.00K	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-3.28M	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-1.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.68M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.65M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$861.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.45M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.14M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	54.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.11M	shares	1 Quarter
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.45M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.58M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.58M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.24M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.87M	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`	$29.45M	USD	1 Quarter
Inventory step-up charges	`AmortizationOfInventoryStepUp`	$1.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.44M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$2.83M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfDebtDiscountPremium`	$2.69M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.17M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.54M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$789.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-140.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-6.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.78M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.19M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.02M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.41M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-36.00K	USD	1 Quarter
Operating lease right of use assets	`IncreasedecreaseInOperatingLeaseRightOfUseAsset`	$1.86M	USD	1 Quarter
Operating lease right of use assets	`IncreasedecreaseInOperatingLeaseRightOfUseAsset`	$-919.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-753.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.73M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-709.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.91M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.99M	USD	1 Quarter
Operating lease liability	`IncreasedecreaseInOperatingLeaseLiability`	$334.00K	USD	1 Quarter
Operating lease liability	`IncreasedecreaseInOperatingLeaseLiability`	$1.65M	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$180.00K	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-533.00K	USD	1 Quarter
Total cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.26M	USD	1 Quarter
Total cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.53M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-71.00K	USD	1 Quarter
Additions to capitalized software costs	`PaymentsToAcquireSoftware`	$1.48M	USD	1 Quarter
Additions to capitalized software costs	`PaymentsToAcquireSoftware`	$911.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.58M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.13M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.04M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$508.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.60M	USD	1 Quarter
Payment of tax withholding obligation on vesting of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.00K	USD	1 Quarter
Repayment of Convertible Senior Notes	`RepaymentsOfConvertibleDebt`	$1.00K	USD	1 Quarter
Total cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.59M	USD	1 Quarter
Total cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$507.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.75M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.92M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.97M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.16M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$711.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$717.29M	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`	$711.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$717.29M	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
Assets acquired under operating leases	`AssetsAcquiredUnderOperatingLeases`	$17.00K	USD	1 Quarter
Assets acquired under operating leases	`AssetsAcquiredUnderOperatingLeases`	$3.18M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.53B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.56B	USD	Point-in-time
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.45M	USD	1 Quarter
Issuance of common stock for debt conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$1.00K	USD	1 Quarter
Exercise of stock options and vesting of stock units	`StockIssuedDuringPeriodValueShareBasedCompensation`	$508.00K	USD	1 Quarter
Exercise of stock options and vesting of stock units	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.59M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.17M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.54M	USD	1 Quarter
True up of costs related to the December 2020 issuance of common stock	`StockIssuedDuringPeriodValueAcquisitions`	$145.00K	USD	1 Quarter
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-5.58M	USD	Point-in-time
Translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-9.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.53B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.56B	USD	Point-in-time

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