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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 133,122 $ 202,296
Restricted cash 500 500
Marketable securities 515,372 440,395
Accounts receivable, net of allowance for doubtful accounts of $60 and $60 11,270 31,423
Unbilled and other receivables, net for allowance for unbilled receivables of $20 and $0 7,020 3,955
Prepaid expenses 7,954 4,409
Total current assets 675,238 682,978
Property and equipment, net 4,799 5,140
Equity investments 52,931 45,664
Right of use assets 8,865 10,129
Other assets 2,356 2,352
Total assets 744,189 746,263
Current liabilities:    
Accounts payable 7,220 8,398
Accrued payroll, taxes, and benefits 10,345 12,000
Deferred revenue 40,759 45,403
Lease liabilities 3,576 4,543
Other accrued liabilities 5,721 2,861
Total current liabilities 67,621 73,205
Deferred revenue, long-term 37,356 41,164
Lease liabilities, long-term 6,836 7,221
Other liabilities, long-term 600 654
Total liabilities 112,413 122,244
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 10,000,000 shares; zero shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively
Common stock 613 607
Additional paid-in capital 760,574 752,558
Accumulated deficit (129,588) (129,559)
Accumulated other comprehensive income 77 317
Total stockholders’ equity of Schrödinger stockholders 631,768 624,015
Noncontrolling interest 8 4
Total stockholders’ equity 631,776 624,019
Total liabilities and stockholders’ equity 744,189 746,263
Limited Common Stock    
Stockholders' equity:    
Common stock 92 92
Total stockholders’ equity $ 92 $ 92