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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Basis of Presentation and Summary of Significant Accounting Policies  
Schedule of customers representing 10% or more of revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

 

Six Months Ended June 30, 

    

 

    

2016

    

 

2015

 

    

2016

    

 

2015

 

AmerisourceBergen Drug Corporation

 

22

%  

 

19

%

 

23

%  

 

24

%  

Caremark LLC (Specialty Pharmacy)

 

10

%  

 

<10

%  

 

10

%  

 

<10

%  

McKesson Corporation

 

<10

%  

 

<10

%

 

<10

%  

 

10

%  

Takeda Pharmaceuticals Company Limited

 

 —

%  

 

32

%

 

 —

%  

 

24

%  

 

Schedule of customers representing greater than 10% of accounts receivable balances

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

 

December 31, 2015

 

    

AmerisourceBergen Drug Corporation

    

13

%  

 

43

%

 

Caremark LLC (Specialty Pharmacy)

 

11

%  

 

<10

%  

 

 

Analysis of U.S. product sales allowances and accruals

Our U.S. product sales, which primarily represented revenues from Makena and Feraheme for the three and six months ended June 30, 2016 and 2015, were offset by provisions for allowances and accruals as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

 

    

2016

    

2015

    

2016

     

2015

    

Gross U.S. product sales

 

$

176,581

 

$

136,589

 

$

328,773

 

$

262,106

 

Provision for U.S. product sales allowances and accruals:

 

 

 

 

 

 

 

 

 

 

 

 

 

Contractual adjustments

 

 

53,938

 

 

39,251

 

 

99,519

 

 

74,385

 

Governmental rebates

 

 

19,660

 

 

12,686

 

 

36,707

 

 

25,654

 

Total provision for U.S. product sales allowances and accruals

 

 

73,598

 

 

51,937

 

 

136,226

 

 

100,039

 

U.S. product sales, net

 

$

102,983

 

$

84,652

 

$

192,547

 

$

162,067