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Segments
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
SEGMENTS
SEGMENTS
We currently manage our operations in two reportable segments, pharmaceuticals and diagnostics. The pharmaceuticals segment consists of two operating segments, our (i) pharmaceutical research and development segment which is focused on the research and development of pharmaceutical products, and vaccines, and (ii) the pharmaceutical operations we acquired in Chile, Mexico, Israel, Spain, Brazil, and Uruguay. The diagnostics segment consists of two operating segments, our (i) pathology operations we acquired through the acquisition of OPKO Lab and (ii) point-of-care and molecular diagnostics operations. There are no inter-segment sales. We evaluate the performance of each segment based on operating profit or loss. There is no inter-segment allocation of interest expense and income taxes.
Information regarding our operations and assets for our operating segments and the unallocated corporate operations as well as geographic information are as follows:
 
For the three months ended September 30,
 
For the nine months ended September 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Product revenues:
 
 
 
 
 
 
 
Pharmaceuticals
$
17,291

 
$
16,563

 
$
58,510

 
$
50,708

Diagnostics

 

 

 

Corporate

 

 

 

 
$
17,291

 
$
16,563

 
$
58,510

 
$
50,708

Revenue from services:
 
 
 
 
 
 
 
Pharmaceuticals
$

 
$

 
$

 
$

Diagnostics
2,422

 
2,710

 
6,426

 
8,870

Corporate
60

 
60

 
180

 
180

 
$
2,482

 
$
2,770

 
$
6,606

 
$
9,050

Revenue from transfer of intellectual property:
 
 
 
 
 
 
 
Pharmaceuticals
$

 
$
913

 
$
285

 
$
14,720

Diagnostics

 
395

 
191

 
1,360

Corporate

 

 

 

 
$

 
$
1,308

 
$
476

 
$
16,080

Operating (loss) income:
 
 
 
 
 
 
 
Pharmaceuticals
$
(34,480
)
 
$
(11,126
)
 
$
(71,421
)
 
$
(7,171
)
Diagnostics
(6,738
)
 
(399
)
 
(20,621
)
 
(16,783
)
Corporate
(6,384
)
 
(6,606
)
 
(19,557
)
 
(17,393
)
Less: Operating loss attributable to noncontrolling interests
(599
)
 
(879
)
 
(1,762
)
 
(2,419
)
 
$
(48,201
)
 
$
(19,010
)
 
$
(113,361
)
 
$
(43,766
)
Depreciation and amortization:
 
 
 
 
 
 
 
Pharmaceuticals
$
1,925

 
$
2,020

 
$
6,061

 
$
5,417

Diagnostics
1,729

 
1,717

 
5,136

 
5,110

Corporate
24

 
31

 
72

 
121

 
$
3,678

 
$
3,768

 
$
11,269

 
$
10,648

Revenues:
 
 
 
 
 
 
 
United States
$
2,482

 
$
4,078

 
$
7,082

 
$
25,130

Chile
7,622

 
7,993

 
22,758

 
24,216

Spain
4,414

 
4,026

 
16,230

 
13,503

Israel
3,710

 
3,099

 
14,563

 
9,666

Mexico
1,528

 
1,445

 
4,905

 
3,323

Other
17

 

 
54



 
$
19,773

 
$
20,641

 
$
65,592

 
$
75,838


(In thousands)
September 30,
2014
 
December 31,
2013
Assets:
 
 
 
Pharmaceuticals
$
1,061,168

 
$
1,065,033

Diagnostics
109,048

 
116,944

Corporate
125,026

 
209,539

 
$
1,295,242

 
$
1,391,516

Goodwill:

 

Pharmaceuticals
$
173,804

 
$
175,408

Diagnostics
50,965

 
50,965

Corporate

 

 
$
224,769

 
$
226,373



During the three months ended September 30, 2014, no customer represented more than 10% of our total revenue and during the nine months ended September 30, 2014, one customer represented 13% of our total revenue. During the three and nine months ended September 30, 2013, no customer represented more than 10% of our total revenue.
As of September 30, 2014, no customer represented more than 10% of our accounts receivable balance. As of December 31, 2013, no customer represented more than 10% of our accounts receivable balance.