XML 34 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Collaboration Agreements (Tables)
3 Months Ended
Mar. 31, 2018
Collaboration Agreement [Abstract]  
Collaboration revenue with related party
The collaboration revenue we earned from Sanofi is detailed below:
 
 
Three Months Ended
March 31,
Sanofi Collaboration Revenue
 
2018
 
2017
Antibody:
 
 
 
 
Reimbursement of Regeneron research and development expenses
 
$
60,394

 
$
155,245

Reimbursement of Regeneron commercialization-related expenses
 
85,424

 
73,559

Regeneron's share of losses in connection with commercialization of antibodies
 
(74,874
)
 
(108,402
)
Other
 
17,330

 
11,286

Total Antibody
 
88,274

 
131,688

Immuno-oncology:
 
 
 
 
Reimbursement of Regeneron research and development expenses
 
73,824

 
58,679

Reimbursement of Regeneron commercialization-related expenses
 
1,210

 

Other
 
26,182

 
20,000

Total Immuno-oncology
 
101,216

 
78,679

 
 
$
189,490

 
$
210,367


Schedule of Selected Financial Information - Antibody
The following table summarizes accounts receivable and deferred revenue information in connection with the Company's Antibody Collaboration with Sanofi:
 
 
March 31,
 
December 31,
 
 
2018
 
2017
Accounts receivable, net
 
$
94,022

 
$
121,001

Deferred revenue
 
$
132,991

 
$
117,682

Changes In Deferred Revenue Balance - Antibody
Significant changes in deferred revenue balances are as follows:
 
Three Months Ended March 31, 2018
Increase due to shipments of commercial supplies to Sanofi
$
37,036

Revenue recognized that was included in deferred revenue at the beginning of the period
$
(21,727
)
Schedule of Selected Financial information - IO
The following table summarizes accounts receivable and deferred revenue information in connection with the Company's IO Collaboration with Sanofi:
 
 
March 31,
 
December 31,
 
 
2018
 
2017
Accounts receivable, net
 
$
70,887

 
$
59,274

Deferred revenue
 
$
505,235

 
$
440,000

Changes in Deferred Revenue Balance - IO
Significant changes in deferred revenue balances are as follows:
 
Three Months Ended March 31, 2018
Increase as a result of cumulative-effect adjustment arising from the adoption of ASC 606
$
93,643

Revenue recognized that was included in deferred revenue at the beginning of the period
$
(28,408
)
Collaboration revenue
Revenue earned in connection with our EYLEA collaboration with Bayer is detailed below:
 
 
Three Months Ended
March 31,
Bayer EYLEA Collaboration Revenue
 
2018
 
2017
EYLEA:
 
 
 
 
Regeneron's net profit in connection with commercialization of EYLEA outside the United States
 
$
232,068

 
$
174,876

Reimbursement of Regeneron EYLEA development expenses
 
3,457

 
2,451

Other
 
11,863

 
10,603

Total EYLEA
 
$
247,388

 
$
187,930


Schedule of Selected Financial Information - Bayer
The following table summarizes accounts receivable and deferred revenue information in connection with the Company's EYLEA collaboration with Bayer:
 
 
March 31,
 
December 31,
 
 
2018
 
2017
Accounts receivable, net
 
$
243,141

 
$
241,153

Deferred revenue
 
$
70,378

 
$
68,734

Changes In Deferred Revenue Balance - Bayer
Significant changes in deferred revenue balances are as follows:
 
Three Months Ended March 31, 2018
Increase due to shipments of commercial supplies to Bayer
$
11,436

Revenue recognized that was included in deferred revenue at the beginning of the period
$
(9,792
)
Schedule of Selected Financial Information - Teva
The following tables summarize accounts receivable and deferred revenue information in connection with the Teva Collaboration Agreement:
 
 
March 31,
 
December 31,
 
 
2018
 
2017
Accounts receivable, net (recorded within Prepaid expenses and other current assets)
 
$
40,625

 
$
71,297

Deferred revenue
 
$
227,714

 
$
197,357

Changes in Deferred Revenue Balance - Teva
Significant changes in deferred revenue balances are as follows:
 
Three Months Ended March 31, 2018
Increase as a result of cumulative-effect adjustment arising from the adoption of ASC 606
$
48,216

Revenue recognized that was included in deferred revenue at the beginning of the period
$
(18,917
)