Alkermes plc. Segments Disclosure
18. SEGMENT REPORTING
Segment Information
The Company’s significant segment expenses that are regularly provided to the CODM are as follows:
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Year Ended December 31, |
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(In thousands) |
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2025 |
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2024 |
|
|
2023 |
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REVENUES: |
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Total revenue |
|
$ |
1,475,899 |
|
|
$ |
1,557,632 |
|
|
$ |
1,663,405 |
|
EXPENSES: |
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|
|
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Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) |
|
|
196,457 |
|
|
|
245,331 |
|
|
|
253,037 |
|
External R&D expenses: |
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|
|
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|||
Development programs: |
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|
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|||
Alixorexton |
|
|
95,763 |
|
|
|
45,947 |
|
|
|
31,321 |
|
LYBALVI |
|
|
18,757 |
|
|
|
18,737 |
|
|
|
15,379 |
|
Other external R&D expenses |
|
|
52,759 |
|
|
|
36,627 |
|
|
|
51,668 |
|
Total external R&D expenses |
|
|
167,279 |
|
|
|
101,311 |
|
|
|
98,368 |
|
Internal R&D expenses: |
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|
|
|
|
|
|
|
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Employee-related |
|
|
125,955 |
|
|
|
114,496 |
|
|
|
128,282 |
|
Occupancy |
|
|
13,001 |
|
|
|
11,206 |
|
|
|
12,299 |
|
Depreciation |
|
|
5,605 |
|
|
|
5,701 |
|
|
|
9,578 |
|
Other internal R&D expenses |
|
|
12,124 |
|
|
|
12,612 |
|
|
|
22,279 |
|
Total internal R&D expenses |
|
|
156,685 |
|
|
|
144,015 |
|
|
|
172,438 |
|
R&D expenses |
|
|
323,964 |
|
|
|
245,326 |
|
|
|
270,806 |
|
Selling, general and administrative expenses: |
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|
|
|
|
|
|
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Selling and marketing expense |
|
|
480,011 |
|
|
|
446,214 |
|
|
|
490,154 |
|
General and administrative expense |
|
|
221,511 |
|
|
|
199,024 |
|
|
|
199,597 |
|
Total selling, general and administrative expense |
|
|
701,522 |
|
|
|
645,238 |
|
|
|
689,751 |
|
Other segment (expense) income (1) |
|
|
(12,292 |
) |
|
|
(49,599 |
) |
|
|
69,346 |
|
NET INCOME FROM CONTINUING OPERATIONS |
|
|
241,664 |
|
|
|
372,138 |
|
|
|
519,157 |
|
LOSS ON DISCONTINUED OPERATIONS, NET OF TAX |
|
|
— |
|
|
|
(5,068 |
) |
|
|
(163,400 |
) |
NET INCOME |
|
$ |
241,664 |
|
|
$ |
367,070 |
|
|
$ |
355,757 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.