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Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Summary of Information by Reportable Segments

The following table presents information about the Company’s reportable segments for the years ended December 31, 2021, 2020 and 2019 (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

2019

 

(in thousands)

 

Sorrento
Therapeutics

 

 

Scilex

 

 

Total

 

 

Sorrento
Therapeutics

 

 

Scilex

 

 

Total

 

 

Sorrento
Therapeutics

 

 

Scilex

 

 

Total

 

External revenues

 

$

24,358

 

 

$

28,546

 

 

$

52,904

 

 

$

13,655

 

 

$

26,331

 

 

$

39,986

 

 

$

10,399

 

 

$

21,033

 

 

$

31,432

 

Operating expenses

 

 

387,200

 

 

 

67,155

 

 

 

454,355

 

 

 

225,687

 

 

 

58,817

 

 

 

284,504

 

 

 

130,529

 

 

 

160,296

 

 

 

290,825

 

Operating (loss) income

 

 

(362,842

)

 

 

(38,609

)

 

 

(401,451

)

 

 

(212,032

)

 

 

(32,486

)

 

 

(244,518

)

 

 

(120,130

)

 

 

(139,263

)

 

 

(259,393

)

Unrestricted cash

 

 

32,178

 

 

 

4,487

 

 

 

36,665

 

 

 

51,475

 

 

 

4,989

 

 

 

56,464

 

 

 

12,176

 

 

 

10,345

 

 

 

22,521