Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.20.4
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2020
Pfenex  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed The following table sets forth an allocation of the preliminary purchase price to the identifiable tangible and intangible assets acquired and liabilities assumed, with the excess recorded to goodwill (in thousands):
Cash $ 51,407 
Restricted cash 200 
Accounts and unbilled receivables 1,359 
Property and equipment, net 7,823 
Right-of-use asset 3,070 
Other assets 1,338 
Intangibles acquired 385,000 
Goodwill(1)
90,750 
Accounts payable (6,814)
Accrued liabilities (7,379)
Deferred revenue (3,908)
Lease liabilities (3,070)
Other liabilities (1,382)
Deferred tax liabilities, net (53,296)
Total consideration $ 465,098 
(1) Goodwill represents the excess of the purchase price over the preliminary fair value of the underlying assets acquired and liabilities assumed. Goodwill is attributable to the assembled workforce of experienced personnel at Pfenex and expected synergies.
Schedule of Finite-Lived Intangibles Acquired The intangibles acquired and their weighted average useful life are as follows (in thousands, except useful lives):
Approximate
Fair Value
Estimated useful life
(in years)
Contractual Relationships:
Alvogen $ 114,000  12
Merck 117,000  12
Jazz 80,000  17
SII 49,000  10
Arcellx 2,000  17
Acquired Technologies 23,000 
10-19
$ 385,000 
Schedule of Pro Forma Information The pro forma financial information is not necessarily indicative of the operating results that would have occurred had the acquisition been consummated as if the date indicated, nor is it necessarily indicative of future operating results (in thousands, except per share amounts):
Year Ended December 31,
(Unaudited) 2020 2019
Revenue $ 189,203  $ 170,608 
Net Income (loss) $ (60,059) $ 594,941 
Net income (loss) per common share:
    Basic $ (3.71) $ 31.32 
    Diluted $ (3.71) $ 30.11 
Taurus  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of the consideration was allocated to the acquisition date fair values of acquired assets as follows (in thousands)

Cash $ 47 
Intangibles assets with finite-life - core technologies 5,005 
$ 5,052 
xCella  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of the consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):

Cash and other assets $ 240 
Accrued liabilities (142)
Deferred tax liabilities, net (820)
Intangibles assets with finite-life - core technology 7,798 
$ 7,076 
Icagen  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The preliminary allocation of the consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):


Property and equipment, net $ 1,173 
Prepaids and other assets 588 
Liabilities assumed (812)
Deferred revenue (3,685)
Deferred tax assets, net 861 
Acquired intangibles 12,800 
Goodwill(1)
9,015 
$ 19,940 
(1) Goodwill represents the excess of the purchase price over the preliminary fair value of the underlying assets acquired and liabilities assumed. Goodwill is attributable to the assembled workforce of experienced personnel at Icagen and expected synergies.
Ab Initio  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The final purchase consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):

Cash and other assets $ 28 
Accounts payable and accrued liabilities (83)
Deferred tax liabilities, net (146)
Intangibles assets with finite-life - core technologies 7,400 
Goodwill(1)
4,812 
$ 12,011 
(1) Goodwill represents the excess of the purchase price over the fair value of the underlying assets acquired and liabilities assumed. Goodwill is attributable to the assembled workforce of experienced personnel at Ab Initio and expected synergies.
Vernalis  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The final purchase consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):

Cash and cash equivalents $ 34,286 
Restricted cash 2,836 
Other assets 6,383 
Accounts payable and accrued liabilities (3,479)
Restructuring and product reserves (9,241)
Deferred revenue (746)
Intangibles assets with finite-life - core technologies 7,000 
Goodwill 5,939 
$ 42,978