XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 130.2 $ 81.3
Restricted cash 5.5 5.5
Marketable securities 993.3 1,124.0
Accounts receivable 0.0 1.0
Other receivables 4.7 7.0
Prepaid expenses and other current assets 14.5 21.4
Total current assets 1,148.2 1,240.2
Property, equipment and leasehold improvements, net 13.4 13.4
Operating lease right of use assets 3.9 4.4
Collaboration contract asset and other assets 10.3 10.8
Total assets 1,175.8 1,268.8
Current liabilities:    
Accounts payable and accrued liabilities 66.0 74.7
Deferred revenue 214.9 218.6
Current portion of long term debt 0.1 0.0
Current portion of operating lease liability 1.9 1.8
Total current liabilities 282.9 295.1
Deferred revenue 378.9 405.1
Total long-term debt 0.9 1.0
Operating lease liability 2.1 2.7
Total liabilities 664.8 703.9
Commitments and Contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 53.4 and 53.2 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 0.1 0.1
Accumulated deficit (1,047.3) (965.4)
Additional paid-in capital 1,570.8 1,549.4
Accumulated other comprehensive loss (12.6) (19.2)
Total stockholders’ equity 511.0 564.9
Total liabilities and stockholders’ equity $ 1,175.8 $ 1,268.8