Business Combination (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the consideration transferred in the HintMD Acquisition:

(in thousands)	July 23, 2020
Fair value of Revance common stock issued to HintMD stockholders (1)	$	182,280
Fair value of Revance replacement stock option awards attributable to pre-combination service (2)	5,810
Cash consideration (3)	1,483
Total consideration transferred	$	189,573

(1)Represents the fair value of equity consideration issued to HintMD shareholders, consisting of approximately 7,756,765 shares (excluding assumed HintMD stock options to purchase an aggregate of 801,600 shares of our common stock), at $23.50 per share (the closing price of shares of our common stock on July 23, 2020), and adjusted for estimated net debt and working capital amounts.

(2)Represents stock option awards held by HintMD employees prior to the acquisition date that have been assumed and converted into our stock-based awards. The portion of the stock option awards related to services performed by employees prior to the acquisition date is included within the consideration transferred.

(3)Represents certain HintMD pre-acquisition liabilities paid by Revance.

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of assets acquired and liabilities assumed:

(in thousands)	July 23, 2020
Cash and cash equivalents	$	665
Accounts receivable	93
Prepaid expenses and other current assets	453
Property and equipment	77
Intangible assets	46,200
Total assets acquired	47,488
Accounts payable	(53)
Accruals and other current liabilities	(2,106)
Deferred tax liability	(2,720)
Total liabilities assumed	(4,879)
Total identifiable net assets	42,609
Goodwill (1)	146,964
Total fair value of assets acquired and liabilities assumed	$	189,573

(1)The assigned value of $147.0 million in goodwill represents the excess of the consideration transferred over the estimated fair values of assets acquired and liabilities assumed. The recognized goodwill is attributable to the assembled workforce of HintMD and the anticipated synergies and cost savings expected to be achieved from the operations of the combined company. None of the goodwill resulting from the acquisition is deductible for tax purposes and all of the goodwill acquired was assigned to the Service reporting unit.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the intangible assets acquired in the HintMD Acquisition as of July 23, 2020.

	Fair Value		Useful Life
(in thousands, except for in years)	(in thousands)		(in years)
Developed technology	$	19,600	6
In-process research and development	16,200		N/A
Customer relationships	10,300		4
Tradename	100		1
Total intangible assets acquired	$	46,200

Schedule of Pro Forma Financial Information

	Year Ended December 31,
(in thousands)	2020		2019
Total revenue	$	15,766	$	1,692
Net loss	$	(293,560)	$	(186,751)