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Business Segment, Geographic, and Concentration Risk Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Summary of Segment Information

Segment information is as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net (loss) income attributable to Athenex, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

(37,639

)

 

$

(22,558

)

 

$

(65,985

)

 

$

(83,836

)

Global Supply Chain Platform

 

 

(6,089

)

 

 

(1,564

)

 

 

(16,780

)

 

 

(4,693

)

Commercial Platform

 

 

(2,443

)

 

 

848

 

 

 

(7,562

)

 

 

(14,358

)

Total consolidated net loss attributable to Athenex, Inc.

 

$

(46,171

)

 

$

(23,274

)

 

$

(90,327

)

 

$

(102,887

)

 

Summary of Revenue by Segments

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Total revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

5,117

 

 

$

205

 

 

$

30,532

 

 

$

1,208

 

Global Supply Chain Platform

 

 

7,092

 

 

 

8,601

 

 

 

17,991

 

 

 

19,407

 

Commercial Platform

 

 

7,315

 

 

 

7,378

 

 

 

23,006

 

 

 

9,274

 

Total revenue for reportable segments

 

 

19,524

 

 

 

16,184

 

 

 

71,529

 

 

 

29,889

 

Intersegment revenue

 

 

(1,096

)

 

 

(2,190

)

 

 

(3,700

)

 

 

(6,719

)

Total consolidated revenue

 

$

18,428

 

 

$

13,994

 

 

$

67,829

 

 

$

23,170

 

 

Summary of Revenue by Product Group

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Total revenue by product group:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

API sales

 

$

3,690

 

 

$

5,345

 

 

$

9,538

 

 

$

10,369

 

Medical device sales

 

 

1,322

 

 

 

562

 

 

 

2,342

 

 

 

1,128

 

Contract manufacturing revenue

 

 

17

 

 

 

250

 

 

 

412

 

 

 

934

 

Commercial product sales

 

 

8,280

 

 

 

7,505

 

 

 

25,092

 

 

 

9,547

 

License fees

 

 

5,000

 

 

 

—

 

 

 

30,000

 

 

 

500

 

Consulting revenue

 

 

96

 

 

 

60

 

 

 

278

 

 

 

256

 

Grant revenue

 

 

23

 

 

 

272

 

 

 

167

 

 

 

436

 

Total consolidated revenue

 

$

18,428

 

 

$

13,994

 

 

$

67,829

 

 

$

23,170

 

 

Summary of Depreciation, Amortization and Assets by Segment

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Total depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

174

 

 

$

130

 

 

$

505

 

 

$

342

 

Global Supply Chain Platform

 

 

490

 

 

 

548

 

 

 

1,185

 

 

 

1,569

 

Commercial Platform

 

 

245

 

 

 

243

 

 

 

734

 

 

 

674

 

Total consolidated depreciation and amortization

 

$

909

 

 

$

921

 

 

$

2,424

 

 

$

2,585

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Total assets:

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

164,480

 

 

$

65,966

 

Global Supply Chain Platform

 

 

51,327

 

 

 

51,128

 

Commercial Platform

 

 

28,660

 

 

 

23,319

 

Total consolidated assets

 

$

244,467

 

 

$

140,413

 

 

Summary of Revenue by Geographical Segment

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Total revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

9,559

 

 

$

8,114

 

 

$

27,405

 

 

$

11,056

 

Spain

 

 

5,000

 

 

 

—

 

 

 

30,000

 

 

 

—

 

India

 

 

259

 

 

 

3,015

 

 

 

1,701

 

 

 

5,275

 

Austria

 

 

2,227

 

 

 

964

 

 

 

5,102

 

 

 

2,682

 

China

 

 

306

 

 

 

1,038

 

 

 

1,917

 

 

 

2,267

 

Other foreign countries

 

 

1,077

 

 

 

863

 

 

 

1,704

 

 

 

1,890

 

Total consolidated revenue

 

$

18,428

 

 

$

13,994

 

 

$

67,829

 

 

$

23,170

 

 

Summary of Property and Equipment by Geographical Segment

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Total property and equipment, net:

 

 

 

 

 

 

 

 

United States

 

$

6,458

 

 

$

5,305

 

China

 

 

4,716

 

 

 

4,346

 

Total consolidated property and equipment, net

 

$

11,174

 

 

$

9,651

 

 

Summary of Customer Revenue and Accounts Receivable Concentration

Customer revenue and accounts receivable concentration amounted to the following for the identified periods. These customers relate to the Commercial Platform segment and the Global Supply Chain Platform segment.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Percentage of total revenue by customer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

 

27

%

 

 

—

%

 

 

44

%

 

 

—

%

Customer B

 

 

13

%

 

 

5

%

 

 

9

%

 

 

4

%

Customer C

 

 

12

%

 

 

16

%

 

 

13

%

 

 

11

%

Customer D

 

 

11

%

 

 

5

%

 

 

8

%

 

 

3

%

Customer E

 

 

10

%

 

 

7

%

 

 

6

%

 

 

11

%

Customer F

 

 

1

%

 

 

18

%

 

 

2

%

 

 

20

%

 

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Percentage of total accounts receivable by customer:

 

 

 

 

 

 

 

 

Customer A

 

 

27

%

 

 

18

%

Customer B

 

 

20

%

 

 

10

%

Customer C

 

 

13

%

 

 

6

%

Customer D

 

 

10

%

 

 

4

%

Customer E

 

 

—

%

 

 

26

%

Customer F

 

 

—

%

 

 

13

%