18. Segment Reporting
The Company operates from the Netherlands, Belgium, the United States of America, Japan, Switzerland, Germany, France, Canada, UK, and Italy.
Following table summarizes our product net sales by country of sales based on the country of the entity that recognizes product net sales:
(in thousands of $) |
|
Year Ended December 31, 2022 |
||||
United States |
|
377,659 |
||||
Japan |
|
15,764 |
||||
Europe |
|
5,678 |
||||
Other 1) |
|
1,619 |
||||
Total product net sales |
|
400,720 |
||||
|
||||||
We sell our products through a limited number of distributors and wholesellers. Four U.S. customers represent approximately 91% of our product net sales in United States during twelve months ended December 31, 2022.
Collaboration revenue is generated by external customers with their main registered office geographically located as shown in the table below:
|
|
Year Ended December 31, |
||||
(in thousands of $) |
|
2022 |
|
2021 |
|
2020 |
Denmark |
|
5,365 |
|
1,389 |
|
342 |
Belgium |
|
– |
|
– |
|
– |
United States |
|
– |
|
317,396 |
|
40,901 |
China |
|
4,238 |
|
178,370 |
|
– |
Other |
|
424 |
|
123 |
|
– |
Total collaboration revenue |
|
10,026 |
|
497,277 |
|
41,243 |
The non-current assets of the Company, with the exception of the deferred tax assets, are geographically located as shown in the table below:
|
|
At December 31, |
||||
(in thousands of $) |
|
2022 |
|
2021 |
|
2020 |
Netherlands |
|
– |
|
– |
|
1 |
Belgium |
|
275,620 |
|
268,733 |
|
200,125 |
United States |
|
2,325 |
|
3,138 |
|
4,751 |
Japan |
|
2,763 |
|
3,232 |
|
2,491 |
Switzerland |
|
– |
|
8 |
|
– |
Germany |
|
130 |
|
– |
|
– |
France |
|
4 |
|
– |
|
– |
Total |
|
280,841 |
|
275,111 |
|
207,368 |