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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The carrying values of the major classes of assets and liabilities included in assets and liabilities held for abandonment for MBP Titan as of December 31, 2020 and 2019, are as follows:
| December 31,
| 2020 |  | 2019
Assets |  |  |
Property, plant and equipment, net | $ | 586 |  |  | $ | 17,017 |
Goodwill | — |  |  | 9,635 |
Right-of-use assets | 9,131 |  |  | 13,425 |
Other assets | 136 |  |  | 636 |
Total assets held for sale or abandonment | $ | 9,853 |  |  | $ | 40,713 |
Liabilities |  |  |
Lease liabilities, current | $ | 1,890 |  |  | $ | 1,548 |
Other current liabilities | 619 |  |  | 1,657 |
Lease liabilities, net of current portion | 11,538 |  |  | 13,730 |
Total liabilities held for sale or abandonment | $ | 14,047 |  |  | $ | 16,935 |
The following table presents the financial results of discontinued operations of MBP Titan:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Operating expenses (1) | $ | 40,692 |  |  | $ | 37,423 |  |  | $ | 33,830 |
Operating loss | (40,692) |  |  | (37,423) |  |  | (33,830) |
Loss before income taxes | (40,692) |  |  | (37,423) |  |  | (33,830) |
Loss from discontinued operations | $ | (40,692) |  |  | $ | (37,423) |  |  | $ | (33,830) |
(1)Includes a goodwill impairment charge of $9,635 and an impairment charge on property, plant and equipment and ROU Assets of $12,406 recorded in 2020 in conjunction with the suspension of MBP Titan's operations discussed above. The following table presents the significant non-cash items and purchases of property, plant and equipment for the discontinued operations for MBP Titan that are included in the accompanying consolidated statements of cash flows.
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Adjustments to reconcile net loss to net cash used in operating activities |  |  |  |  |
Depreciation and amortization | $ | 2,474 |  |  | $ | 3,647 |  |  | $ | 3,493 |
Impairment of goodwill | 9,635 |  |  | — |  |  | — |
Impairment of other noncurrent assets | 12,406 |  |  | — |  |  | — |
Stock-based compensation expense | (34) |  |  | 1,345 |  |  | 1,870 |
Cash flows from investing activities |  |  |  |  |
Purchases of property, plant and equipment | (88) |  |  | (2,114) |  |  | (3,558) |
The carrying values of the major classes of assets and liabilities included in assets and liabilities held for sale for the Transactions as of December 31, 2019 are as follows:
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Assets |  |  |  |  |
Cash and cash equivalents | $ | 2,223 |  |  | $ | — |  |  | $ | 2,223 |
Other current assets | 9,698 |  |  | — |  |  | 9,698 |
Property, plant and equipment, net | 51,975 |  |  | — |  |  | 51,975 |
Intangible assets, net | 20,891 |  |  | 4,383 |  |  | 25,274 |
Investments in affiliates | — |  |  | 7,817 |  |  | 7,817 |
Right-of-use assets | 13,622 |  |  | — |  |  | 13,622 |
Other noncurrent assets | 212 |  |  | — |  |  | 212 |
Total assets held for sale | $ | 98,621 |  |  | $ | 12,200 |  |  | $ | 110,821 |
Liabilities |  |  |  |  |
Deferred revenue, current (1) | $ | 8,723 |  |  | $ | — |  |  | $ | 8,723 |
Lease liabilities, current | 2,459 |  |  | — |  |  | 2,459 |
Other current liabilities | 3,058 |  |  | 41 |  |  | 3,099 |
Deferred revenue, net of current portion (2) | 19,410 |  |  | — |  |  | 19,410 |
Lease liabilities, net of current portion | 12,623 |  |  | — |  |  | 12,623 |
Other long-term liabilities | 1,019 |  |  | — |  |  | 1,019 |
Total liabilities held for sale | $ | 47,292 |  |  | $ | 41 |  |  | $ | 47,333 |
(1)Includes deferred revenue, current, from related parties of $1,243. (2)Includes deferred revenue, net of current portion, from related parties of $6,836. The following tables present the financial results of discontinued operations related to the Transactions:
| Year Ended December 31, 2020
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Revenues (1) | $ | 1,294 |  |  | $ | — |  |  | $ | 1,294 |
Operating expenses | 896 |  |  | — |  |  | 896 |
Operating income | 398 |  |  | — |  |  | 398 |
Gain on sale of discontinued operations | 633 |  |  | 39 |  |  | 672 |
Loss on release of cumulative foreign currency translation adjustment | (26,957) |  |  | — |  |  | (26,957) |
Other expense, net | (129) |  |  | — |  |  | (129) |
Equity in net loss of affiliates | — |  |  | (38) |  |  | (38) |
Income (loss) before income taxes | (26,055) |  |  | 1 |  |  | (26,054) |
Income tax expense | (2) |  |  | — |  |  | (2) |
Income (loss) from discontinued operations | $ | (26,057) |  |  | $ | 1 |  |  | $ | (26,056) |
(1)Includes revenues recognized from related parties of $436.
| Year Ended December 31, 2019
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Revenues (1) | $ | 12,307 |  |  | $ | — |  |  | $ | 12,307 |
Operating expenses (2) | 116,091 |  |  | 10,794 |  |  | 126,885 |
Operating loss | (103,784) |  |  | (10,794) |  |  | (114,578) |
Other expense, net | (272) |  |  | — |  |  | (272) |
Equity in net loss of affiliates | — |  |  | (4,314) |  |  | (4,314) |
Loss before income taxes | (104,056) |  |  | (15,108) |  |  | (119,164) |
Income tax benefit | 3,005 |  |  | — |  |  | 3,005 |
Loss from discontinued operations | $ | (101,051) |  |  | $ | (15,108) |  |  | $ | (116,159) |
(1)Includes revenue recognized from related parties of $3,042. (2)Includes the impairment charge of $89,679 related to the Transactions discussed above.
| Year Ended December 31, 2018
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Revenues (1) | $ | 9,396 |  |  | $ | — |  |  | $ | 9,396 |
Operating expenses (2) | 111,039 |  |  | 470 |  |  | 111,509 |
Operating loss | (101,643) |  |  | (470) |  |  | (102,113) |
Other expense, net | (1,757) |  |  | — |  |  | (1,757) |
Equity in net loss of affiliates | — |  |  | (2,622) |  |  | (2,622) |
Loss before income taxes | (103,400) |  |  | (3,092) |  |  | (106,492) |
Income tax benefit | 6,103 |  |  | — |  |  | 6,103 |
Loss from discontinued operations | $ | (97,297) |  |  | $ | (3,092) |  |  | $ | (100,389) |
(1)Includes revenue recognized from related parties of $4,665. (2)Includes an impairment charge of $60,504 recorded in 2018 related to Oxitec's developed technology targeting the Aedes Aegypti mosquito and a $5,057 loss on disposal of certain leasehold improvements, equipment and other fixed assets in conjunction with the closing of one of Oxitec's research and development facilities in Brazil. The following table presents the significant non-cash items, investments in EnviroFlight and purchases of property, plant and equipment for the discontinued operations for the Transactions that are included in the accompanying consolidated statements of cash flows.
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Adjustments to reconcile net loss to net cash used in operating activities |  |  |  |  |
Depreciation and amortization | $ | — |  |  | $ | 5,107 |  |  | $ | 9,007 |
Impairment of goodwill | — |  |  | 58,042 |  |  | — |
Impairment of other noncurrent assets | — |  |  | 31,637 |  |  | 60,504 |
Gain on sale of discontinued operations | (672) |  |  | — |  |  | — |
Loss on release of cumulative foreign currency translation adjustment | 26,957 |  |  | — |  |  | — |
Unrealized and realized depreciation on equity securities and preferred stock, net | 106 |  |  | 458 |  |  | 1,927 |
Equity in net loss of EnviroFlight | 38 |  |  | 4,314 |  |  | 2,622 |
Stock-based compensation expense | (1,346) |  |  | 2,507 |  |  | 3,872 |
Deferred income taxes | — |  |  | (2,710) |  |  | (5,703) |
Cash flows from investing activities |  |  |  |  |
Investments in EnviroFlight | — |  |  | (2,000) |  |  | (12,250) |
Purchases of property, plant and equipment | (382) |  |  | (23,326) |  |  | (21,191) |
Summarized financial data for equity method investments included in discontinued operations during the periods below are shown in the following tables.
|  |  | December 31,
|  |  | 2019
Current assets |  |  | $ | 703 |
Noncurrent assets |  |  | 30,549 |
Total assets |  |  | 31,252 |
Current liabilities |  |  | 2,352 |
Non-current liabilities |  |  | 88 |
Total liabilities |  |  | 2,440 |
Net assets |  |  | $ | 28,812 |
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Revenues | $ | 16 |  |  | $ | 510 |  |  | $ | 268 |
Operating expenses | 92 |  |  | 9,159 |  |  | 12,709 |
Operating loss | (76) |  |  | (8,649) |  |  | (12,441) |
Other, net | — |  |  | 21 |  |  | 39 |
Net loss | $ | (76) |  |  | $ | (8,628) |  |  | $ | (12,402) |

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