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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 238 $ 206
Marketable securities 716 803
Receivable from collaboration partners ($33 and $39 from a related party) 33 39
Prepaid expenses and other current assets 28 19
Total current assets 1,015 1,067
Long-term marketable securities 90 129
Property and equipment, net 37 35
Other noncurrent assets ($3 and $2 from a related party) 112 114
Total assets 1,254 1,345
Current liabilities:    
Accounts payable 28 20
Deferred revenue ($97 and $97 to a related party) 97 97
Other current liabilities 54 76
Total current liabilities 179 193
Deferred revenue, noncurrent ($330 and $355 to a related party) 330 355
Other noncurrent liabilities 145 140
Commitments
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 10.0 shares authorized; no shares issued and outstanding 0 0
Common stock and additional paid-in capital: $0.0001 par value per share; 400.0 shares authorized; 73.1 shares in 2023 and 72.9 shares in 2022 issued and outstanding 1,226 1,206
Accumulated deficit (622) (542)
Accumulated other comprehensive loss (4) (7)
Total stockholders’ equity 600 657
Total liabilities and stockholders’ equity $ 1,254 $ 1,345