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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 125,031 $ 204,877
Marketable securities 262,998 260,464
Prepaid expenses 26,400 20,945
Income tax receivable 43,830 46,139
Restricted cash held on behalf of Former Parent 61,548 35,212
Other current assets 24,669 19,331
Total current assets 544,476 586,968
Property and equipment, net 17,494 17,512
Intangible assets 18,400 18,400
Goodwill 1,390 1,390
Other non-current assets 36,761 37,513
Total assets 618,521 661,783
Current liabilities:    
Accounts payable 14,456 10,703
Due to Former Parent 61,548 35,212
Accrued expenses and other current liabilities 38,002 44,106
Total current liabilities 114,006 90,021
Long-term operating lease liability 29,760 30,581
Other non-current liabilities 2,497 2,410
Total liabilities 146,263 123,012
Commitments and contingencies (Note 11)
Shareholders' Equity:    
Preferred shares, no par value; 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common shares, no par value; 200,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 68,212,479 and 68,190,479 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 616,246 615,742
Additional paid-in capital 17,462 13,869
Accumulated deficit (161,616) (91,124)
Accumulated other comprehensive income 166 284
Total shareholders' equity 472,258 538,771
Total liabilities and shareholders' equity $ 618,521 $ 661,783