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Cash and Cash Equivalents and Investments

9 Months Ended

Sep. 30, 2024

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Cash and Cash Equivalents and Investments

Cash and Cash Equivalents and Investments

The fair value of cash and cash equivalents and investments held at September 30, 2024 and December 31, 2023 are as follows: 

						As of September 30, 2024
						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
						(in thousands)
Cash and cash equivalents						$	34,551					$	—					$	—					$	34,551
Securities maturing within one year:
U.S. treasury securities						188,577						279						—						188,856
Corporate debt securities						34,892						77						(7)						34,962
Total short-term investments						$	223,469					$	356					$	(7)					$	223,818
Total cash and cash equivalents and investments						$	258,020					$	356					$	(7)					$	258,369
						As of December 31, 2023
						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
												(in thousands)
Cash and cash equivalents						$	22,465					$	—					$	—					$	22,465
Securities maturing within one year:
U.S. treasury securities						141,577						31						(12)						141,596
Corporate debt securities						5,954						11						—						5,965
Total short-term investments						$	147,531					$	42					$	(12)					$	147,561
Total cash and cash equivalents and investments						$	169,996					$	42					$	(12)					$	170,026

As of September 30, 2024 and December 31, 2023, Lexicon’s investments in an unrealized loss position had an estimated fair value of $14.8 million and $58.5 million, respectively. There were no realized gains or losses during either of the nine month periods ended September 30, 2024 and 2023.

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- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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- References

No definition available.

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