Quarterly report pursuant to Section 13 or 15(d)

Composition of Certain Financial Statement Captions (Tables)

v3.20.2
Composition of Certain Financial Statement Captions (Tables)
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Financial Statement Captions
(In thousands) June 30,
2020
December 31,
2019
Accounts receivable, net:
Accounts receivable $ 215,925    $ 136,551   
Less: allowance for credit losses (1,573)   (1,934)  
$ 214,352    $ 134,617   
Inventories, net:
Consumable supplies $ 41,298    $ 23,005   
Finished products 24,259    25,142   
Work in-process 4,711    3,238   
Raw materials 5,826    4,586   
Less: inventory reserve (3,129)   (2,537)  
$ 72,965    $ 53,434   
Other current assets and prepaid expenses:
Taxes recoverable $ 12,135    $ 19,808   
Prepaid expenses 12,999    8,147   
Prepaid insurance 6,274    3,486   
Other receivables 661    3,262   
Other 19,056    15,839   
$ 51,125    $ 50,542   
Intangible assets, net:
Customer relationships $ 445,144    $ 445,408   
Technologies 296,251    296,246   
Trade names 49,771    49,786   
Covenants not to compete 16,318    16,318   
Licenses 5,766    5,766   
Product registrations 7,109    7,578   
Other 6,100    6,094   
Less: accumulated amortization (327,334)   (298,234)  
$ 499,125    $ 528,962   
Accrued expenses:
Inventory received but not invoiced $ 49,005    $ 13,751   
Commitments and Contingencies 38,668    38,635   
Employee benefits 34,086    33,671   
Contract liabilities 16,570    19,196   
Clinical trials 6,079    8,122   
Contingent consideration 2,375    2,375   
Finance leases short-term 2,435    2,743   
Professional fees 4,009    1,333   
Other 56,884    45,099   
$ 210,111    $ 164,925   
(In thousands) June 30,
2020
December 31,
2019
Other long-term liabilities:
Line of credit $ 51,489    $ 44,749   
Contingent consideration 7,559    7,308   
Mortgages and other debts payable 4,201    3,906   
Finance leases long-term 2,960    4,046   
Contract liabilities 1,170    2,571   
Other 24,274    25,224   
$ 91,653    $ 87,804   
Changes in Goodwill
The following table summarizes the changes in Goodwill by reporting unit during the six months ended June 30, 2020.
2020
(In thousands) Balance at January 1 Foreign exchange and other Balance at June 30th
Pharmaceuticals
Rayaldee $ 85,605    $ 100    $ 85,705   
OPKO Chile 4,348    (450)   3,898   
OPKO Biologics 139,784    —    139,784   
OPKO Health Europe 7,394      7,403   
Diagnostics
BioReference 434,809    —    434,809   
$ 671,940    $ (341)   $ 671,599