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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2019
Revenue Recognition  
Schedule of disaggregation of revenue by test families

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

 

June 30, 

 

June 30, 

 

 

2019

 

2018

 

2019

 

2018

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

Sales of genetic tests

 

 

 

 

 

 

 

 

 

 

 

 

Panorama NIPT

 

$

36,467

 

$

35,715

 

$

73,713

 

$

68,982

HCS

 

 

24,286

 

 

21,421

 

 

47,035

 

 

39,683

Other genetic tests

 

 

4,346

 

 

3,217

 

 

7,715

 

 

5,957

Product revenues

 

 

65,099

 

 

60,353

 

 

128,463

 

 

114,622

Licensing and other

 

 

 

 

 

 

 

 

 

 

 

 

Constellation

 

 

1,312

 

 

1,293

 

 

2,644

 

 

2,598

Qiagen

 

 

527

 

 

94

 

 

675

 

 

5,594

BGI

 

 

5,018

 

 

 —

 

 

5,018

 

 

 —

Other

 

 

2,399

 

 

1,329

 

 

4,379

 

 

2,595

Licensing and other revenues

 

 

9,256

 

 

2,716

 

 

12,716

 

 

10,787

Total revenues

 

$

74,355

 

$

63,069

 

$

141,179

 

$

125,409

 

Schedule of disaggregation of revenue by payer types

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

 

June 30, 

 

June 30, 

 

 

2019

 

2018

 

2019

 

2018

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

Insurance carriers

 

$

50,777

 

$

48,321

 

$

100,978

 

$

92,463

Laboratory partners

 

 

15,132

 

 

10,132

 

 

25,155

 

 

25,020

Patients

 

 

8,446

 

 

4,616

 

 

15,046

 

 

7,926

Total revenues

 

$

74,355

 

$

63,069

 

$

141,179

 

$

125,409

 

Schedule of total revenue by geographic area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

 

June 30, 

 

June 30, 

 

    

2019

    

2018

    

2019

    

2018

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

United States

 

$

62,393

 

$

56,631

 

$

122,676

 

$

106,995

Americas, excluding U.S.

 

 

767

 

 

847

 

 

1,585

 

 

1,697

Europe, Middle East, India, Africa

 

 

4,318

 

 

3,756

 

 

8,322

 

 

13,078

Other

 

 

6,877

 

 

1,835

 

 

8,596

 

 

3,639

Total revenues

 

$

74,355

 

$

63,069

 

$

141,179

 

$

125,409

 

Schedule of beginning and ending balances of accounts receivable and deferred revenues

 

 

 

 

 

 

 

 

 

Balance at

 

Balance at

 

 

June 30,

 

December 31,

(Amounts in thousands)

 

2019

 

2018

Assets:

 

 

 

 

 

 

Accounts receivable

 

$

62,974

 

$

62,223

Liabilities:

 

 

 

 

 

 

Deferred revenue, current portion

 

$

19,154

 

$

4,131

Deferred revenue, long-term portion

 

 

60,527

 

 

40,058

Total deferred revenues

 

$

79,681

 

$

44,189

 

Schedule of changes in the balance of deferred revenues

 

 

 

 

 

 

Deferred

 

 

Revenues

 

 

(in thousands)

Balance at December 31, 2018

 

$

44,189

Increase in deferred revenues

 

 

45,524

Revenue recognized during the period that was included in
deferred revenues at the beginning of the period

 

 

(733)

Revenue recognized from performance obligations satisfied
within the same period

 

 

(9,299)

Balance at June 30, 2019

 

$

79,681

 

Schedule of current and long-term portions of deferred revenues

 

 

 

 

 

 

 

 

 

 

Deferred Revenues

   

Current

   

Long-term

   

Total

BGI agreement

 

 

15,000

 

 

19,982

 

 

34,982

Qiagen agreement

 

 

1,963

 

 

36,568

 

 

38,531

Other deferred revenues

 

$

2,191

 

$

3,977

 

$

6,168

Balance at June 30, 2019

   

$

19,154

   

$

60,527

   

$

79,681