Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table includes segment revenues and a reconciliation of the Company's segment adjusted gross margin to the consolidated statement of operations for each of the Company's reporting segments:


	Year Ended December 31,
	2022		2021		2020
	(As Restated)		(As Revised)		(As Revised)
Revenues:
Products	$	966.2	$	1,023.9	$	989.8
Services (1)	109.9		615.5		472.4
Total segment revenues	1,076.1		1,639.4		1,462.2
Contracts and grants revenue	41.4		134.2		115.1
Total revenues	$	1,117.5	$	1,773.6	$	1,577.3

Less: Cost of sales:
Cost of Products	$	424.6	$	382.6	$	392.0
Cost of Services	268.5		365.5		145.0
Total cost of sales	$	693.1	$	748.1	$	537.0

Products gross margin	$	541.6	$	641.3	$	597.8
Services gross margin (1)	$	(158.6)	$	250.0	$	327.4
Consolidated gross margin (2)	$	383.0	$	891.3	$	925.2

Adjustments to gross margin:
Products:
Changes in fair value of contingent consideration	$	2.6	$	2.9	$	31.7
Inventory step-up provision	51.4		—		—

Products adjusted gross margin	$	595.6	$	644.2	$	629.5
Services adjusted gross margin (1)	$	(158.6)	$	250.0	$	327.4
Consolidated adjusted gross margin(3)	$	437.0	$	894.2	$	956.9

Other reconciling items:
Contracts and grants revenue	$	41.4	$	134.2	$	115.1
Adjustments to gross margin	(54.0)		(2.9)		(31.7)
Research and development	(188.3)		(235.2)		(237.9)
Selling, general and administrative	(339.5)		(348.7)		(304.1)
Goodwill impairment	(6.7)		(41.7)		—
Amortization of intangible assets	(59.9)		(58.5)		(59.8)
Interest expense	(37.3)		(34.5)		(31.3)
Other, net	(11.7)		(3.7)		4.7
Income (loss) before income taxes	$	(219.0)	$	303.2	$	411.9

(1) Services revenue, Services gross margin and Services Adjusted gross margin for the years ended December 31, 2021 and 2020 includes the impact of $243.1 million and $247.8 million, respectively of CDMO leases revenues related to the BARDA COVID-19 Development Public Private Partnership which ended in November 2021.
(2) Total segment revenues less total cost of sales.
(3) Consolidated gross margin plus adjustments to gross margin.

Schedule of Segment Reporting Information, by Segment

The following table includes depreciation expense for each segment:


	Year Ended December 31,
	2022		2021		2020
Depreciation:
Products	$	32.9	$	27.8	$	27.2
Services	43.2		28.3		17.3
Other	7.3		6.1		5.6
Total	$	83.4	$	62.2	$	50.1

Revenue from External Customers by Geographic Areas

The following table includes revenues by country. Revenues have been attributed based on the location of the customer:


	Year Ended December 31,
	2022		2021		2020
	(As Restated)		(As Revised)		(As Revised)
Revenue:
United States	$	886.1	$	1,623.4	$	1,467.9
Canada	148.6		66.7		46.0
Other	82.8		83.5		63.4
Total revenues	$	1,117.5	$	1,773.6	$	1,577.3

Long-Lived Assets by Geographic Areas

The following table included long-lived assets, net by country. Long-lived assets, net includes right-of-use assets, net and property, plant & equipment, net, excluding software, net:


	December 31,
	2022		2021

Long-lived assets, net:
United States	$	696.1	$	705.5
Switzerland	88.1		73.1
Canada	37.5		35.0
Other	5.0		6.0
Total long-lived assets, net	$	826.7	$	819.6