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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 494,151 $ 923,031
Marketable securities 1,401,824 1,456,098
Accounts receivable 49 305
Prepaid expenses and other current assets 36,679 38,079
Total current assets 1,932,703 2,417,513
Property and equipment, net 166,110 137,575
Marketable securities, non-current 77,147 0
Intangible assets, net 84 125
Restricted cash 12,123 16,913
Operating lease assets 161,507 174,460
Other non-current assets 3,682 5,291
Total assets 2,353,356 2,751,877
Current liabilities:    
Accounts payable 32,114 14,816
Accrued expenses 102,954 91,003
Deferred revenue, current   1,011
Accrued tax liabilities 4,272 724
Operating lease liabilities 11,260 12,158
Other current liabilities 270 171
Total current liabilities 150,870 119,883
Deferred revenue, non-current 12,323 12,323
Operating lease liabilities, net of current portion 230,895 212,872
Other non-current liabilities 5,314 7,339
Total liabilities 399,402 352,417
Commitments and contingencies, see Note 6
Shareholders’ equity:    
Common shares, CHF 0.03 par value, 150,347,467 and 145,364,335 shares authorized at September 30, 2022 and December 31, 2021, respectively, 78,428,146 and 77,170,382 shares issued at September 30, 2022 and December 31, 2021, respectively, 78,247,830 and 76,990,066 shares outstanding at September 30, 2022 and December 31, 2021, respectively 2,433 2,391
Treasury shares, at cost, 180,316 shares at September 30, 2022 and at December 31, 2021 (63) (63)
Additional paid-in capital 2,709,361 2,598,114
Accumulated deficit (735,515) (195,915)
Accumulated other comprehensive loss (22,262) (5,067)
Total shareholders' equity 1,953,954 2,399,460
Total liabilities and shareholders’ equity $ 2,353,356 $ 2,751,877