Revenue and Contract Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table summarizes the Company’s disaggregated revenue:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
U.S. Omnipod	$	238.1	$	167.2	$	608.6	$	461.0
International Omnipod	88.0		93.1		272.8		274.6
Total Omnipod	326.1		260.3		881.4		735.6
Drug Delivery	14.7		15.3		54.2		55.5
Total revenue	$	340.8	$	275.6	$	935.6	$	791.1

Schedules of Concentration of Risk

The percentages of total revenue for customers that represent 10% or more of total revenue were as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Distributor A	17%	*	18%	*
Distributor B	18%	14%	16%	12%
Distributor C	*	*	*	13%
Distributor D	17%	*	15%	*
Distributor E	10%	*	*	*

* Represents less than 10% of revenue for the period.

The percentages of total net accounts receivable trade for customers that represent 10% or more of total net accounts receivable trade were as follows:

	September 30, 2022	December 31, 2021
Distributor A	28%	21%
Distributor B	10%	*
Distributor D	24%	15%

* Represents less than 10% of net accounts receivable trade as of period end.

Schedule of Deferred Revenue

Deferred revenue related to unsatisfied performance obligations was included in the following consolidated balance sheet accounts in the amounts shown:

(in millions)	September 30, 2022		December 31, 2021
Accrued expenses and other current liabilities	$	9.0	$	3.5
Other liabilities	1.5		1.5
Total deferred revenue	$	10.5	$	5.0

Revenue recognized from amounts included in deferred revenue at the beginning of each respective period was as follows:

	Three Months Ended September 30,			Nine Months Ended September 30,
(in millions)	2022		2021	2022		2021
Deferred revenue recognized	$	0.3	0.1	$	1.8	4.0

Schedule of Contract Acquisition Costs

Contract acquisition costs, representing capitalized commission costs related to new customers, net of amortization, were included in the following consolidated balance sheet captions in the amounts shown:

(in millions)	September 30, 2022		December 31, 2021
Prepaid expenses and other current assets	$	14.2	$	13.3
Other assets	28.2		26.1
Total capitalized contract acquisition costs, net	$	42.4	$	39.4