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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 284,803 $ 848,537
Short-term investments (amortized cost of $328,405) 328,359 0
Grants receivable 1,001 4,022
Research and development tax credits receivable 0 524
Refundable income taxes 1,434 7,544
Prepaid expenses and other current assets 12,701 14,086
Total current assets 628,298 874,713
Property and equipment, net 2,121 2,072
Long-term investments (amortized cost of $118,330) 118,225 0
Research and development tax credits receivable, net of current portion 1,128 2,004
Restricted cash 235 298
Right of use assets 4,652 5,329
Other assets 332 296
Total assets 754,991 884,712
Current liabilities:    
Accounts payable 7,662 5,145
Accrued expenses and other current liabilities 19,727 17,157
Deferred income 1,180 827
Deferred revenue 12,595 280,225
Lease liabilities 836 770
Total current liabilities 42,000 304,124
Grants repayable 6,622 6,164
Lease liabilities, net of current portion 3,837 4,571
Unrecognized tax benefits 39,200 17,000
Other noncurrent liabilities 0 33
Total liabilities 91,659 331,892
Commitments and contingencies (Note 10)
Stockholders’ equity (deficit):    
Common stock, $0.001 par value, 150,000,000 shares authorized at December 31, 2022 and 2021, respectively; 35,611,219 and 35,466,001 shares issued and outstanding at December 31, 2022 and 2021, respectively 36 35
Additional paid-in capital 435,665 413,180
Accumulated other comprehensive (loss) (9,644) (1,018)
Retained earnings 237,275 140,623
Total stockholders' equity 663,332 552,820
Total liabilities and stockholders' equity $ 754,991 $ 884,712