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Summary of significant accounting policies (Tables)
9 Months Ended
Sep. 30, 2018
ASU 2014-09  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Schedule of impact of adoption of financial statement line items shows comparative balances under ASC 606 and ASC 605

Condensed Consolidated Statements of Operations and Comprehensive Loss

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2018

 

 

Under ASC 606

 

Under ASC 605

 

Effect of change

 

 

(in thousands, except per share data)

 

Collaboration revenue

$

2,094

 

$

3,054

 

$

(960)

 

Loss before income taxes

 

(20,289)

 

 

(19,329)

 

 

(960)

 

Net loss

 

(20,289)

 

 

(19,329)

 

 

(960)

 

Net loss per share, basic and diluted

 

(0.63)

 

 

(0.60)

 

 

(0.03)

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018

 

 

Under ASC 606

 

Under ASC 605

 

Effect of change

 

 

(in thousands, except per share data)

 

Collaboration revenue

$

5,611

 

$

7,267

 

$

(1,656)

 

Loss before income taxes

 

(65,937)

 

 

(64,281)

 

 

(1,656)

 

Net loss

 

(65,757)

 

 

(64,101)

 

 

(1,656)

 

Net loss per share, basic and diluted

 

(2.06)

 

 

(2.00)

 

 

(0.06)

 

 

Condensed Consolidated Balance Sheets

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018

 

 

Under ASC 606

 

Under ASC 605

 

Effect of change

 

 

(in thousands)

 

Deferred revenue, current

$

20,250

 

$

19,078

 

$

1,172

 

Deferred revenue, non-current

 

94,804

 

 

74,390

 

 

20,414

 

Accumulated deficit

 

(246,520)

 

 

(224,934)

 

 

(21,586)

 

 

Condensed Consolidated Statements of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018

 

 

Under ASC 606

 

Under ASC 605

 

Effect of change

 

 

(in thousands)

 

Net loss

$

(65,757)

 

$

(64,101)

 

$

(1,656)

 

Adjustments to reconcile net loss to net cash provided by operating activities:

 

 

 

 

 

 

 

 

 

Deferred revenue

 

63,388

 

 

61,732

 

 

1,656