XML 82 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Off-balance sheet arrangements
12 Months Ended
Dec. 31, 2017
Off-balance sheet arrangements  
Off-balance sheet arrangements

26. Off-balance sheet arrangements

CONTRACTUAL OBLIGATIONS AND COMMITMENTS

We entered into lease agreements for office and laboratories which qualify as operating leases. We also have certain purchase commitments with CRO subcontractors and collaboration partners principally.

On December 31, 2017, we had outstanding obligations for future minimum rent payments and purchase commitments, which become due as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Total

    

Less than
1 year

    

1 - 3
years

    

3 - 5
years

    

More than 5
years

 

 

 

(Euro, in thousands)

Operating lease obligations

 

€

26,346

 

€

4,150

 

€

7,820

 

€

6,010

 

€

8,366

Purchase commitments

 

 

65,246

 

 

53,010

 

 

11,233

 

 

1,002

 

 

 —

Total  contractual obligations & commitments

 

€

91,592

 

€

57,160

 

€

19,053

 

€

7,012

 

€

8,366

 

On December 31, 2016, we had outstanding obligations for future minimum rent payments and purchase commitments, which become due as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Total

    

Less than
1 year

    

1 - 3
years

    

3 - 5
years

    

More than 5
years

 

 

 

(Euro, in thousands)

Operating lease obligations

 

€

27,263

 

€

4,114

 

€

6,494

 

€

5,504

 

€

11,151

Purchase commitments

 

 

27,579

 

 

27,084

 

 

495

 

 

 —

 

 

 —

Total  contractual obligations & commitments

 

€

54,842

 

€

31,198

 

€

6,989

 

€

5,504

 

€

11,151

 

In addition to the tables above, we have a contractual cost sharing obligation related to our collaboration agreement with Gilead for filgotinib. The contractual cost sharing commitment amounts to €129.0 million at December 31, 2017 (€199.0 million at December 31, 2016), for which we have direct purchase commitments of €10.1 million at December 31, 2017 (€2.0 million at December 31, 2016) reflected in the tables above.

On December 31, 2015, we had outstanding obligations for future minimum rent payments and purchase commitments, which become due as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

    

Less than
1 year

    

1 - 3
years

    

3 - 5
years

    

More than 5
years

 

 

 

(Euro, in thousands)

Operating lease obligations

 

€

31,210

 

€

4,002

 

€

7,253

 

€

5,683

 

€

14,273

Purchase commitments

 

 

20,079

 

 

17,898

 

 

2,180

 

 

 —

 

 

 —

Total  contractual obligations & commitments

 

€

51,289

 

€

21,900

 

€

9,433

 

€

5,683

 

€

14,273