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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 548,783 $ 147,914
Short-term investments 664,751 351,394
Receivable from collaboration partners ($29,262 and $744,535 from a related party) 29,419 744,595
Accrued interest receivable 2,746 2,227
Prepaid expenses and other current assets 18,527 15,620
Total current assets 1,264,226 1,261,750
Long-term investments 128,836 181,990
Property and equipment, net 33,481 32,455
Right-of-use assets 102,992 104,968
Restricted cash 3,005 3,005
Other long-term assets ($1,135 and $0 from a related party) 10,887 7,730
Total assets 1,543,427 1,591,898
Current liabilities:    
Accounts payable 18,094 10,261
Accrued research and development 37,654 29,587
Other accrued liabilities 16,196 24,181
Deferred revenue, current ($87,018 and $96,981 to a related party) 89,310 102,003
Other current liabilities   52
Total current liabilities 161,254 166,084
Deferred revenue, noncurrent ($455,926 and $462,217 to a related party) 456,905 462,217
Operating lease liabilities, noncurrent 114,815 116,887
Other long-term liabilities 13,874 5,260
Total liabilities 746,848 750,448
Commitments (Note 10)  
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of March 31, 2022 and December 31, 2021; no shares issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 71,622,313 and 70,781,736 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively. Shares outstanding includes zero and 9,946 shares issued but subject to vesting as of March 31, 2022 and December 31, 2021, respectively. 7 7
Additional paid-in capital 1,144,579 1,118,058
Accumulated deficit (343,347) (275,354)
Accumulated other comprehensive loss (4,660) (1,261)
Total stockholders’ equity 796,579 841,450
Total liabilities and stockholders’ equity $ 1,543,427 $ 1,591,898