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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,041,417 $ 943,771
Marketable securities 324,573  
Accounts receivable 110 99
Prepaid expenses and other current assets 24,839 43,677
Total current assets 1,390,939 987,547
Property and equipment, net 37,924 31,330
Intangible assets, net 194 235
Restricted cash 16,845 5,041
Operating lease assets 38,454 41,502
Other non-current assets 662 1,097
Total assets 1,485,018 1,066,752
Current liabilities:    
Accounts payable 19,020 5,944
Accrued expenses 35,445 30,180
Deferred revenue, current 610 960
Accrued tax liabilities 6,348 583
Operating lease liabilities 10,640 8,489
Other current liabilities 12,086 10,950
Total current liabilities 84,149 57,106
Deferred revenue, non-current 11,776 11,776
Operating lease liabilities, net of current portion 38,570 44,050
Other non-current liabilities 7,222 14,395
Total liabilities 141,717 127,327
Commitments and contingencies, see Note 6
Shareholders’ equity:    
Common shares, CHF 0.03 par value, 115,172,786 and 103,901,006 shares authorized at September 30, 2020 and December 31, 2019, respectively, 70,799,178 and 61,034,025 shares issued at September 30, 2020 and December 31, 2019, respectively, 70,603,862 and 60,783,799 shares outstanding at September 30, 2020 and December 31, 2019, respectively. 2,157 1,847
Treasury shares, at cost, 195,316 and 250,226 shares at September 30, 2020 and December 31, 2019, respectively. (63) (63)
Additional paid-in capital 1,807,878 1,162,345
Accumulated deficit (466,537) (224,711)
Accumulated other comprehensive (loss) income (134) 7
Total shareholders' equity 1,343,301 939,425
Total liabilities and shareholders’ equity $ 1,485,018 $ 1,066,752