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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 615,386 $ 1,337,586
Short-term investments 377,312 0
Accounts receivable, net 1,377 1,599
Prepaid expenses and other current assets 13,477 13,995
Total current assets 1,007,552 1,353,180
Property and equipment, net 17,083 36,053
Operating lease right-of-use assets 44,952 0
Other assets 4,692 7,090
Total assets 1,074,279 1,396,323
Current liabilities:    
Accounts payable 9,855 4,544
Amounts due to joint development partners 5,753 7,394
Accrued expenses and other current liabilities 48,260 41,698
Short-term debt 1,645 1,524
Capital lease liabilities, current   766
Operating lease liabilities, current 6,007 0
Total current liabilities 71,520 55,926
Capital lease liabilities, noncurrent   2,872
Operating lease liabilities, noncurrent 42,169 0
Long-term debt 3,668 5,543
Other liabilities 2,441 5,004
Total liabilities 119,798 69,345
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock 0 0
Common Stock, $0.0001 par value, 4,876,000,000 Class A shares authorized as of December 31, 2021 and 2022; 197,833,195 and 201,707,557 Class A shares issued and outstanding as of December 31, 2021 and 2022, respectively; 24,000,000 Class B shares authorized, issued and outstanding as of December 31, 2021 and 2022, respectively 22 22
Additional paid-in capital 2,567,723 2,464,730
Accumulated other comprehensive income (loss) (3,559) 77
Accumulated deficit (1,609,705) (1,137,851)
Total stockholders’ equity 954,481 1,326,978
Total liabilities and stockholders’ equity $ 1,074,279 $ 1,396,323
Preferred stock, authorized (in shares) 100,000,000 100,000,000
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001