Company: PCRX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001396814-25-000061
Chunk: 80

Company: Pacira BioSciences, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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, the Chief Executive Officer—who is the Company’s chief operating decision maker, or CODM—manages and allocates resources at a consolidated level. Accordingly, the Company views its business as one operating segment and one reportable segment to evaluate its performance, allocate resources, set operational targets and forecast its future financial results.The key measure of the Company is GAAP net income. The CODM uses this measure to evaluate its performance, allocate resources, set operational targets and forecast its future financial results.

Pacira BioSciences, Inc.  |  Q1 2025 Form 10-Q  |  Page 32

There are significant expense categories and amounts that are regularly provided to the CODM. These expense categories differ from what is disclosed in the Company’s financial results. The table below reconciles the significant expense categories provided to the CODM to the Company’s expenses as disclosed under GAAP (in thousands):Three Months EndedMarch 31,20252024Revenues$168,923 $167,117 Less:Adjusted cost of goods sold32,590 46,288 Adjusted research and development23,101 16,435 Adjusted selling and marketing55,571 39,435 Adjusted general and administrative20,609 24,329 Stock-based compensation14,553 13,151 Amortization of acquired intangible assets14,322 14,322 Changes in the fair value of contingent consideration(2,675)(3,806)Other8,862 3,751 Total operating expenses166,933 153,905           Total other income, net6,716 428 Income before income taxes8,706 13,640 Income tax expense(3,894)(4,661)Net income$4,812 $8,979 For information on the Company’s fixed assets located outside of the U.S., refer to Note 6, Fixed Assets.

Pacira BioSciences, Inc.  |  Q1 2025 Form 10-Q  |  Page 33

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Management’s Discussion and Analysis of Financial Condition and Results of Operations is based upon our condensed consolidated financial statements, which have been prepared in accordance with generally accepted accounting principles in the United States of America (GAAP) and in accordance with the rules and regulations of the United States Securities and Exchange Commission, or SEC.

This Quarterly Report