10-Q Filing

ALKERMES PLC. CIK: 1520262 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001520262-18-000026`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	alks-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 39 Cash Flow Statement 59 Comprehensive Income 2

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Preferred stock shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock shares, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock shares, authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.50M	USD	Point-in-time
Preferred stock shares, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$191.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$181.31M	USD	Point-in-time
Preferred stock shares, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.38M	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
Investments - short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$218.06M	USD	Point-in-time
Investments - short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$242.21M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$214.16M	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$233.59M	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$26.07M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$9.11M	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	156.06M	shares	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	157.31M	shares	Point-in-time
Inventory	`InventoryNet`	$84.88M	USD	Point-in-time
Inventory	`InventoryNet`	$93.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$48.48M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	154.01M	shares	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	155.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$46.46M	USD	Point-in-time
Treasury shares	`TreasuryStockCommonShares`	2.05M	shares	Point-in-time
Treasury shares	`TreasuryStockCommonShares`	2.31M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$776.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$808.84M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$284.74M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$289.62M	USD	Point-in-time
INTANGIBLE ASSETS - NET	`IntangibleAssetsNetExcludingGoodwill`	$256.17M	USD	Point-in-time
INTANGIBLE ASSETS - NET	`IntangibleAssetsNetExcludingGoodwill`	$240.10M	USD	Point-in-time
INVESTMENTS - LONG-TERM	`MarketableSecuritiesNoncurrent`	$157.21M	USD	Point-in-time
INVESTMENTS - LONG-TERM	`MarketableSecuritiesNoncurrent`	$137.47M	USD	Point-in-time
GOODWILL	`Goodwill`	$92.87M	USD	Point-in-time
GOODWILL	`Goodwill`	$92.87M	USD	Point-in-time
CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationAssetNoncurrent`	$84.80M	USD	Point-in-time
CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationAssetNoncurrent`	$82.90M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsGrossNoncurrent`	$98.56M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsGrossNoncurrent`	$100.50M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$14.03M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$16.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.80B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.74B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$286.17M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$268.17M	USD	Point-in-time
Long-term debt - short-term	`LongTermDebtCurrent`	$2.84M	USD	Point-in-time
Long-term debt - short-term	`LongTermDebtCurrent`	$3.00M	USD	Point-in-time
Contract liabilitiesshort-term	`ContractWithCustomerLiabilityCurrent`	$1.96M	USD	Point-in-time
Contract liabilitiesshort-term	`ContractWithCustomerLiabilityCurrent`	$3.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$274.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$291.12M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$278.44M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$278.09M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$19.20M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$21.88M	USD	Point-in-time
CONTRACT LIABILITIESLONG-TERM	`ContractWithCustomerLiabilityNoncurrent`	$6.17M	USD	Point-in-time
CONTRACT LIABILITIESLONG-TERM	`ContractWithCustomerLiabilityNoncurrent`	$5.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$580.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$594.42M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares, par value, $0.01 per share; 50,000,000 shares authorized; zero issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, par value, $0.01 per share; 50,000,000 shares authorized; zero issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares, par value, $0.01 per share; 450,000,000 shares authorized; 157,313,318 and 156,057,632 shares issued; 155,003,983 and 154,009,456 shares outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.57M	USD	Point-in-time
Ordinary shares, par value, $0.01 per share; 450,000,000 shares authorized; 157,313,318 and 156,057,632 shares issued; 155,003,983 and 154,009,456 shares outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$1.56M	USD	Point-in-time
Treasury shares, at cost (2,309,335 and 2,048,176 shares at March 31, 2018 and December 31, 2017, respectively)	`TreasuryStockCommonValue`	$105.07M	USD	Point-in-time
Treasury shares, at cost (2,309,335 and 2,048,176 shares at March 31, 2018 and December 31, 2017, respectively)	`TreasuryStockCommonValue`	$89.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.34B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.37B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.11B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.04B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.20B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.16B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.74B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.80B	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$225.15M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$191.78M	USD	1 Quarter
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below)	`CostOfGoodsAndServicesSold`	$44.48M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$108.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$104.83M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$118.15M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$102.10M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$16.07M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$15.30M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$262.65M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$287.04M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-61.89M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-70.87M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$943.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.49M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.49M	USD	1 Quarter
Change in the fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1`	$1.60M	USD	1 Quarter
Change in the fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1`	$-1.90M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$792.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.50M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.72M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.11M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-72.59M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-67.00M	USD	1 Quarter
INCOME TAX BENEFIT	`IncomeTaxExpenseBenefit`	$-4.49M	USD	1 Quarter
INCOME TAX BENEFIT	`IncomeTaxExpenseBenefit`	$-3.71M	USD	1 Quarter
NET LOSS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-68.88M	USD	1 Quarter
NET LOSS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-62.51M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.40	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	152.70M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	154.42M	shares	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-68.88M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-62.51M	USD	1 Quarter
Holding (loss) gain, net of a tax (benefit) provision of $(100) and $23, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-336.00K	USD	1 Quarter
Holding (loss) gain, net of a tax (benefit) provision of $(100) and $23, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$72.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-62.84M	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-68.81M	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-68.88M	USD	1 Quarter
Net loss	`ProfitLoss`	$-62.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.76M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$21.17M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$20.04M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.22M	USD	1 Quarter
Change in the fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1`	$1.60M	USD	1 Quarter
Change in the fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1`	$-1.90M	USD	1 Quarter
Loss on debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-2.30M	USD	1 Quarter
Payment made for debt refinancing	`PaymentsOfDebtRestructuringCosts`	$1.84M	USD	1 Quarter
Other non-cash charges	`OtherNoncashExpense`	$1.62M	USD	1 Quarter
Other non-cash charges	`OtherNoncashIncome`	$75.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-19.43M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-14.62M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$16.96M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$431.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$733.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesAndOtherAssets`	$-890.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesAndOtherAssets`	$2.90M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.12M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.73M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-105.00K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$245.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.67M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.25M	USD	1 Quarter
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.84M	USD	1 Quarter
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.75M	USD	1 Quarter
Additions of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.38M	USD	1 Quarter
Additions of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.48M	USD	1 Quarter
Proceeds from the sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Proceeds from the sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$324.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$30.16M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$35.99M	USD	1 Quarter
Sales and maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$55.00M	USD	1 Quarter
Sales and maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$79.50M	USD	1 Quarter
Cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$25.34M	USD	1 Quarter
Cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$15.46M	USD	1 Quarter
Proceeds from the issuance of ordinary shares under share-based compensation arrangements	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.11M	USD	1 Quarter
Proceeds from the issuance of ordinary shares under share-based compensation arrangements	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$13.16M	USD	1 Quarter
Employee taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.72M	USD	1 Quarter
Employee taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.15M	USD	1 Quarter
Payment made for debt refinancing	`PaymentsOfFinancingCosts`	$737.00K	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$750.00K	USD	1 Quarter
Cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.78M	USD	1 Quarter
Cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.30M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.07M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.79M	USD	1 Quarter
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$181.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.38M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$191.30M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$181.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$186.38M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$186.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$191.30M	USD	Point-in-time
Purchased capital expenditures included in accounts payable and accrued expenses	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$4.98M	USD	1 Quarter
Purchased capital expenditures included in accounts payable and accrued expenses	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$7.52M	USD	1 Quarter

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Tax (benefit) provision	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-100.00K	USD	1 Quarter
Tax (benefit) provision	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$23.00K	USD	1 Quarter

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