2024 Q1 Form 10-K Financial Statement

#000173728724000021 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $22.00K $95.00K $95.00K
YoY Change -57.69% 102.13% -60.91%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $17.27M $71.67M $71.67M
YoY Change -8.56% 241.27% -9.62%
% of Gross Profit
Research & Development $52.26M $242.9M $242.9M
YoY Change -34.87% 222.09% -5.25%
% of Gross Profit
Depreciation & Amortization $3.555M $3.477M $14.20M
YoY Change 1.37% 13.33% -0.71%
% of Gross Profit
Operating Expenses $69.53M $314.6M $314.6M
YoY Change -29.86% 226.26% -6.29%
Operating Profit -$69.50M -$327.7M
YoY Change -29.84% -2.3%
Interest Expense $5.433M $18.31M $18.31M
YoY Change 163.87% 564.02% 300.94%
% of Operating Profit
Other Income/Expense, Net $4.504M -$17.84M -$17.84M
YoY Change 1130.6% 1350.0% -733.12%
Pretax Income -$65.00M -$327.3M -$327.3M
YoY Change -34.15% 245.05% -1.61%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$65.00M -$327.3M -$327.3M
YoY Change -34.15% 245.05% -1.61%
Net Earnings / Revenue -295454.55% -344489.47% -344489.47%
Basic Earnings Per Share -$0.38 -$2.09
Diluted Earnings Per Share -$0.38 -$2.09 -$2.09
COMMON SHARES
Basic Shares Outstanding 169.1M shares 168.3M shares 156.9M shares
Diluted Shares Outstanding 169.1M shares 156.9M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $384.9M $448.7M $448.7M
YoY Change -18.33% -13.27% -13.27%
Cash & Equivalents $51.04M $83.16M $83.16M
Short-Term Investments $333.8M $365.5M $365.5M
Other Short-Term Assets $10.50M $10.42M $8.718M
YoY Change 2.57% -9.44% -10.16%
Inventory
Prepaid Expenses
Receivables $1.700M
Other Receivables $0.00
Total Short-Term Assets $395.4M $459.1M $459.1M
YoY Change -17.88% -13.18% -13.18%
LONG-TERM ASSETS
Property, Plant & Equipment $95.93M $163.2M $163.2M
YoY Change -12.67% 44.61% -16.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.12M $3.645M $3.645M
YoY Change -71.95% -94.94% -94.94%
Other Assets $5.159M $16.90M $16.90M
YoY Change -45.05% 76.66% -14.91%
Total Long-Term Assets $191.0M $183.7M $183.7M
YoY Change -28.04% -36.26% -36.26%
TOTAL ASSETS
Total Short-Term Assets $395.4M $459.1M $459.1M
Total Long-Term Assets $191.0M $183.7M $183.7M
Total Assets $586.4M $642.8M $642.8M
YoY Change -21.49% -21.32% -21.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.779M $5.897M $5.897M
YoY Change -60.65% -57.54% -57.54%
Accrued Expenses $25.03M $31.10M $31.10M
YoY Change -43.91% -21.76% -21.76%
Deferred Revenue $86.00K $86.00K
YoY Change -68.5% -90.28%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.89M $37.08M $37.08M
YoY Change -48.15% -31.99% -31.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.173M $93.53M $93.53M
YoY Change 242.58% 5860.8% -3.27%
Total Long-Term Liabilities $5.173M $93.53M $93.53M
YoY Change 242.58% 5860.8% -3.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.89M $37.08M $37.08M
Total Long-Term Liabilities $5.173M $93.53M $93.53M
Total Liabilities $125.0M $130.6M $130.6M
YoY Change -19.16% -13.63% -13.63%
SHAREHOLDERS EQUITY
Retained Earnings -$1.627B -$1.562B
YoY Change 21.92% 26.4%
Common Stock $2.090B $2.075B
YoY Change 8.1% 8.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $461.4M $512.2M $512.2M
YoY Change
Total Liabilities & Shareholders Equity $586.4M $642.8M $642.8M
YoY Change -21.49% -21.32% -21.32%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$65.00M -$327.3M -$327.3M
YoY Change -34.15% 245.05% -1.61%
Depreciation, Depletion And Amortization $3.555M $3.477M $14.20M
YoY Change 1.37% 13.33% -0.71%
Cash From Operating Activities -$55.90M -$53.71M -$237.7M
YoY Change -16.12% -13.51% 7.81%
INVESTING ACTIVITIES
Capital Expenditures $8.000K $181.0K $1.516M
YoY Change -99.23% -89.3% -70.8%
Acquisitions
YoY Change
Other Investing Activities $22.14M $67.64M $164.8M
YoY Change -80.57% 31.88% 48.01%
Cash From Investing Activities $22.13M $67.46M $163.3M
YoY Change -80.4% 36.02% 53.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $95.70M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.650M 155.0K 95.70M
YoY Change -4.68% 236.96% 3143.9%
NET CHANGE
Cash From Operating Activities -$55.90M -53.71M -237.7M
Cash From Investing Activities $22.13M 67.46M 163.3M
Cash From Financing Activities $1.650M 155.0K 95.70M
Net Change In Cash -$32.12M 13.91M 21.25M
YoY Change -166.87% -211.69% -119.07%
FREE CASH FLOW
Cash From Operating Activities -$55.90M -$53.71M -$237.7M
Capital Expenditures $8.000K $181.0K $1.516M
Free Cash Flow -$55.91M -$53.89M -$239.2M
YoY Change -17.39% -15.52% 6.0%

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<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restatement of financial statements</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As described further in Note 6 and Note 8, on December 14, 2020, the Company entered into an Exclusive License Agreement (License Agreement) with Allogene Overland Biopharm (CY) Limited (Allogene Overland), a joint venture established by the Company and Overland Pharmaceuticals (CY) Inc. (Overland) pursuant to a Share Purchase Agreement </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(Share Purchase Agreement), dated December 14, 2020, for the purpose of developing, manufacturing and commercializing certain allogeneic CAR T cell therapies for patients in greater China, Taiwan, South Korea and Singapore, which resulted in the Company acquiring shares of Allogene Overland’s Seed Preferred Stock (Seed Preferred Shares) representing a 49% ownership interest in exchange for entering into a License Agreement.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In 2023, the Company re-evaluated its application of ASC Topic 606, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Revenue from Contracts with Customers (ASC 606) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">and ASC Topic 323, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Investments - Equity Method and Joint ventures (ASC 323) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">to its License Agreement and Share Purchase Agreement with Allogene Overland. Upon reassessment, the Company has determined the 49% of Allogene Overland's outstanding Seed Preferred Shares received as a partial consideration for the License Agreement should be initially measured at fair value of $79.0 million rather than the zero carryover basis originally attributed to the Seed Preferred Shares. The initial transaction price to determine revenue related to the License Agreement was revised to include the fair value of the Seed Preferred Shares of $79.0 million and was allocated to the identified performance obligations based on their estimated standalone selling price. Additional revisions were made in the year ended December 31, 2020 whereby, on the date when the Seed Preferred Shares were received, the Company recorded as "Other expenses" in its consolidated statements of operations and comprehensive loss the basis difference of $67.5 million between the fair value of the Seed Preferred Shares of $79.0 million and the amount of the Company's underlying equity in net assets of Allogene Overland of $11.5 million and reduced the carrying value of the Seed Preferred Shares to $11.5 million. In the year ended December 31, 2021, the collaboration revenue increased by $75.6 million and the remaining transaction price of $3.4 million will impact subsequent future periods when related performance obligations are satisfied. Further, the Company recorded its share of net losses of Allogene Overland in each reporting period and reduced the carrying value of the Seed Preferred Shares. Refer to the Impact of restatement section below which describes detailed impact of the restatement for all the periods presented.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The error resulted in an understatement of collaboration revenue and other expenses in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2022, 2021 and 2020, and an understatement of deferred revenue and equity method investment in the consolidated balance sheets as of December 31, 2022 and 2021. These annual periods were restated in the Amendment No. 1 to the Annual Report on Form 10-K/A for the year ended December 31, 2022 filed with the Securities and Exchange Commission (the SEC) on March 14, 2024. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The consolidated financial statements (as restated) also include adjustments to correct certain other previously identified misstatements relating to prior periods that the Company had determined to be immaterial, both individually and in aggregate, with a decrease in other expenses of $0.7 million for the year ended December 31, 2021 and an increase in other expenses of $2.0 million for the year ended December 31, 2022 in the consolidated statements of operations and comprehensive loss.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Impact of restatement</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See below for reconciliation from the previously reported to the restated amounts in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2022 and 2021, and in the consolidated balance sheets as of December 31, 2022. The previously reported amounts were derived from the Company's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 28, 2023 (Original Report). These amounts are labeled as "As Previously Reported" in the tables below. The amounts labeled "Restatement Adjustment" represent the effects of this restatement described above.</span></div>
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IncreaseDecreaseInOtherNoncurrentLiabilities
-1882000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
910000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-220519000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-184812000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions made in the accompanying consolidated financial statements include but are not </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">limited to the fair value of common stock, the fair value of stock options, the fair value of investments, income tax uncertainties, and certain accruals. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances change. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit and other Risks and Uncertainties</span></div><div style="margin-top:6pt;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash and cash equivalents and investments. The primary objectives for the Company’s investment portfolio are the preservation of capital and the maintenance of liquidity. The Company does not enter into any investment transaction for trading or speculative purposes.</span></div><div style="margin-top:12pt;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s investment policy limits investments to certain types of instruments such as certificates of deposit, commercial paper, money market instruments, obligations issued by the U.S. government and U.S. government agencies as well as corporate debt securities, and places restrictions on maturities and concentration by type and issuer. The Company maintains cash balances in excess of amounts insured by the FDIC and concentrated within a limited number of financial institutions. The accounts are monitored by management and management believes that the financial institutions are financially sound, and, accordingly, minimal credit risk exists with respect to these financial institutions. As of December 31, 2023 and 2022, the Company has not experienced any significant credit losses in such accounts or investments.</span></div><div style="margin-top:12pt;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to a number of risks common for early-stage biopharmaceutical companies including, but not limited to, the ability to achieve any clinical or commercial success of its product candidates, ability to obtain regulatory approval of its product candidates, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and patients, significant competition, dependency on the Company's contract manufacturing organization, and ability to manufacture.</span></div>
CY2023 us-gaap Number Of Reportable Segments
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1 segment
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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13200000 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023Q4 us-gaap Liabilities Fair Value Disclosure
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CY2022Q4 us-gaap Liabilities Fair Value Disclosure
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CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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444589000 usd
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245000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
756000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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444078000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
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CY2023Q4 allo Cash Equivalents And Short Term Investments
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444078000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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535809000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
30000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
9512000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
526327000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
11760000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
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455416000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
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59151000 usd
CY2022Q4 allo Cash Equivalents And Short Term Investments
CashEquivalentsAndShortTermInvestments
526327000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
365542000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
456497000 usd
CY2023Q4 allo Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Year One Through Two
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateYearOneThroughTwo
0 usd
CY2022Q4 allo Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Year One Through Two
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateYearOneThroughTwo
59151000 usd
CY2023Q4 allo Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Year Three
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateYearThree
0 usd
CY2022Q4 allo Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Year Three
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateYearThree
0 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
78536000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
10679000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
444078000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
526327000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Term
DebtSecuritiesAvailableForSaleTerm
P1Y
CY2022Q4 us-gaap Debt Securities Available For Sale Term
DebtSecuritiesAvailableForSaleTerm
P1Y
CY2023 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
1000000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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CY2022 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
48400000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
329400000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
1700000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
1800000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
150562000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
149724000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
51084000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36885000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
99478000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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112839000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14200000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14300000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10500000 usd
CY2023 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
100000 usd
CY2022 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
100000 usd
CY2021 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
0 usd
CY2023 us-gaap Number Of Reportable Segments
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1 segment
CY2023 us-gaap Sublease Income
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22700000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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13200000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
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12665000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
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17935000 usd
CY2023Q4 allo Accrued Research And Development Expense Current
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9315000 usd
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AccruedResearchAndDevelopmentExpenseCurrent
11790000 usd
CY2023Q4 allo Accrued Lease Liability
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6775000 usd
CY2022Q4 allo Accrued Lease Liability
AccruedLeaseLiability
6002000 usd
CY2023Q4 allo Unvested Shares Liabilities Current
UnvestedSharesLiabilitiesCurrent
532000 usd
CY2022Q4 allo Unvested Shares Liabilities Current
UnvestedSharesLiabilitiesCurrent
1898000 usd
CY2023Q4 us-gaap Other Liabilities Current
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1809000 usd
CY2022Q4 us-gaap Other Liabilities Current
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2118000 usd
CY2023Q4 allo Accrued And Other Liabilities Current
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31096000 usd
CY2022Q4 allo Accrued And Other Liabilities Current
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39743000 usd
CY2018Q3 allo Area Of New Office Building
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68000 sqft
CY2018Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P127M
CY2018Q3 us-gaap Lessee Operating Lease Renewal Term
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P7Y
CY2023Q4 us-gaap Tenant Improvements
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5000000 usd
CY2021Q4 allo Additional Area Of New Office Building
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47566 sqft
CY2018Q4 allo Area Of New Office Building
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14943 sqft
CY2018Q4 us-gaap Lessee Operating Lease Term Of Contract
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P124M
CY2023 allo Short Term Lease Rent Expense
ShortTermLeaseRentExpense
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CY2018Q4 us-gaap Lessee Operating Lease Renewal Term
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P7Y
CY2018Q4 allo Tenant Improvement Allowance
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800000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
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6000000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
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6000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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6775000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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6002000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88346000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
95122000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
95121000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
101124000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
12711000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
11664000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
7513000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
3102000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
2139000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
1629000 usd
CY2023 us-gaap Lease Cost
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15813000 usd
CY2022 us-gaap Lease Cost
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13803000 usd
CY2021 us-gaap Lease Cost
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9142000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
12000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12447000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12627000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12819000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13257000 usd
CY2023Q4 allo Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
77234000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
128384000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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33263000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
95121000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0622
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y10D
CY2021 allo Short Term Lease Rent Expense
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0 usd
CY2022 allo Short Term Lease Rent Expense
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CY2022Q4 us-gaap Asset Retirement Obligation
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600000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
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600000 usd
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2100000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
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CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Shares Authorized
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Shares Outstanding
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CY2022Q4 us-gaap Common Stock Shares Outstanding
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2023 us-gaap Common Stock Dividends Per Share Declared
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CY2023 allo Number Of Shares As Percentage Of Common Shares Outstanding
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CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
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5200000 usd
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0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
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1900000 usd
CY2023Q1 allo Operating Lease Base Rent And Security Deposit Payment
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CY2023Q1 allo Operating Lease Total Estimated Base Rent
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2900000 usd
CY2023 us-gaap Defined Benefit Plan Contributions By Employer
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2500000 usd
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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4534000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
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3873000 usd
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IncomeTaxReconciliationTaxCreditsResearch
4274000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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2942000 usd
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27889000 usd
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550000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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1673000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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19000 usd
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32826000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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24517000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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15595000 usd
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14524000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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16966000 usd
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2021Q4 allo Deferred Tax Assets Lease Liabilities
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25350000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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25731000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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28735000 usd
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26291000 usd
CY2021Q4 us-gaap Deferred Tax Assets Investments
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