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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 184 $ 206
Marketable securities 615 803
Receivable from collaboration partners ($22 and $39 from a related party) 52 39
Prepaid expenses and other current assets 31 19
Total current assets 882 1,067
Long-term marketable securities 151 129
Property and equipment, net 50 35
Other noncurrent assets ($6 and $2 from a related party) 108 114
Total assets 1,191 1,345
Current liabilities:    
Accounts payable 17 20
Deferred revenue ($96 and $97 to a related party) 103 97
Other current liabilities 80 76
Total current liabilities 200 193
Deferred revenue, noncurrent ($309 and $355 to a related party) 326 355
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; 74.8 shares in 2023 and 72.9 shares in 2022 issued and outstanding 1,291 1,206
Accumulated deficit (768) (542)
Accumulated other comprehensive loss (3) (7)
Total stockholders’ equity 520 657
Total liabilities and stockholders’ equity $ 1,191 $ 1,345