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Balance Sheet Details (Tables)
3 Months Ended
Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Short Term Marketable Securities, Available for Sale
Short-Term Marketable Securities
Short-term marketable securities, consisting of equity securities and debt securities, were as follows as of the dates indicated. We sold the equity investment in Tandem Diabetes Care, Inc. that we held as of December 31, 2018 during the first quarter of 2019.
 
March 31, 2019
(In millions)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Market
Value
Debt securities, available for sale:
 
 
 
 
 
 
 
U.S. government agencies
$
54.8

 
$

 
$

 
$
54.8

Commercial paper
3.0

 

 

 
3.0

Corporate debt
15.1

 

 

 
15.1

Total debt securities, available for sale
72.9

 

 

 
72.9

 
 
 
 
 
 
 
 
Total marketable securities
$
72.9

 
$

 
$

 
$
72.9


 
December 31, 2018
(In millions)
Cost or Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Market
Value
Equity investment in Tandem Diabetes Care, Inc.
$
2.0

 
$
36.0

 
$

 
$
38.0

 
 
 
 
 
 
 
 
Debt securities, available for sale:
 
 
 
 
 
 
 
U.S. government agencies
173.2

 

 
(0.1
)
 
173.1

Commercial paper
36.2

 

 

 
36.2

Corporate debt
1.3

 

 

 
1.3

Total debt securities, available for sale
210.7

 

 
(0.1
)
 
210.6

 
 
 
 
 
 
 
 
Total marketable securities
$
212.7

 
$
36.0

 
$
(0.1
)
 
$
248.6

Inventory
Inventory
(In millions)
March 31, 2019
 
December 31, 2018
Raw materials
$
52.7

 
$
30.8

Work-in-process
10.0

 
11.2

Finished goods
38.4

 
28.7

Total inventory
$
101.1

 
$
70.7

Property, Plant and Equipment
Property and Equipment
(In millions)
March 31, 2019
 
December 31, 2018
Building and land
$
15.3

 
$
6.0

Furniture and fixtures
9.1

 
9.0

Computer software and hardware
31.6

 
29.2

Machinery and equipment
82.5

 
80.7

Leasehold improvements
83.2

 
80.7

Construction in progress
88.1

 
57.3

Total cost
309.8

 
262.9

Less accumulated depreciation and amortization
(88.4
)
 
(79.8
)
Total property and equipment, net
$
221.4

 
$
183.1

Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities
(In millions)
March 31, 2019
 
December 31, 2018
Accounts payable trade
$
90.3

 
$
75.5

Accrued tax, audit, and legal fees
12.3

 
11.7

Accrued rebates
40.9

 
36.1

Accrued warranty
6.0

 
6.8

Restructuring reserve
1.1

 

Other accrued liabilities
18.5

 
17.0

Total accounts payable and accrued liabilities
$
169.1

 
$
147.1

Other Liabilities
Other Long-Term Liabilities
(In millions)
March 31, 2019
 
December 31, 2018
Finance lease liabilities
$
15.2

 
$
7.3

Deferred rent

 
9.4

Other liabilities
2.9

 
3.3

Total other long-term liabilities
$
18.1

 
$
20.0