2020 Q1 Form 10-K Financial Statement

#000137005320000009 Filed on March 02, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q3
Revenue $15.00M $3.000M $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.290M $3.830M $3.810M
YoY Change 3.62% 2.41% -4.75%
% of Gross Profit
Research & Development $20.97M $21.43M $29.93M
YoY Change 1.63% 34.61% 67.37%
% of Gross Profit
Depreciation & Amortization $140.0K $140.0K $130.0K
YoY Change 21.74% 27.27% 44.44%
% of Gross Profit
Operating Expenses $25.25M $25.26M $33.75M
YoY Change 1.94% 28.48% 54.18%
Operating Profit -$10.25M -$22.26M -$33.75M
YoY Change -58.61% 13.2% 99.83%
Interest Expense $0.00 $2.080M $240.0K
YoY Change -100.0% -15.79% -40.0%
% of Operating Profit
Other Income/Expense, Net $1.991M -$110.0K $2.661M
YoY Change -25.57% -1200.0% 186.44%
Pretax Income -$8.262M -$20.29M -$31.08M
YoY Change -62.61% 18.03% 94.79%
Income Tax $0.00 -$20.00K -$51.00K
% Of Pretax Income
Net Earnings -$8.262M -$20.26M -$31.03M
YoY Change -62.58% 19.25% 94.47%
Net Earnings / Revenue -55.08% -675.33%
Basic Earnings Per Share -$0.75 -$1.15
Diluted Earnings Per Share -$303.0K -$0.75 -$1.15
COMMON SHARES
Basic Shares Outstanding 27.27M shares 27.13M shares 27.05M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $362.5M $374.2M $421.0M
YoY Change -12.79% -12.38% -14.74%
Cash & Equivalents $165.3M $171.0M $182.9M
Short-Term Investments $197.2M $203.2M $238.1M
Other Short-Term Assets $3.600M $3.500M $3.600M
YoY Change -40.98% -50.0% -10.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $371.1M $377.7M $424.6M
YoY Change -12.06% -13.01% -15.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.610M $1.618M $1.695M
YoY Change 1.64% 11.97% 26.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $50.20M $54.30M $23.40M
YoY Change -26.82% -25.72% 25.81%
Other Assets $1.293M $1.481M $1.735M
YoY Change -38.1% 900.68% 2096.2%
Total Long-Term Assets $53.18M $57.46M $26.91M
YoY Change -26.43% -23.16% 33.88%
TOTAL ASSETS
Total Short-Term Assets $371.1M $377.7M $424.6M
Total Long-Term Assets $53.18M $57.46M $26.91M
Total Assets $424.2M $435.2M $451.5M
YoY Change -14.16% -14.5% -13.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.571M $16.24M $10.52M
YoY Change -5.52% 198.31% 70.26%
Accrued Expenses $13.78M $11.05M $15.29M
YoY Change 64.06% 26.15% 113.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.400M $3.100M
YoY Change -100.0% -81.58% -58.67%
Total Short-Term Liabilities $23.25M $29.54M $29.73M
YoY Change -6.08% 35.26% 42.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $419.0K $654.0K $883.0K
YoY Change -68.19% -17.84% 341.5%
Total Long-Term Liabilities $419.0K $654.0K $883.0K
YoY Change -68.19% -17.84% -66.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.25M $29.54M $29.73M
Total Long-Term Liabilities $419.0K $654.0K $883.0K
Total Liabilities $23.67M $30.19M $30.61M
YoY Change -9.21% 33.39% 30.82%
SHAREHOLDERS EQUITY
Retained Earnings -$252.3M -$244.0M -$223.8M
YoY Change 49.49% 66.35% 72.53%
Common Stock $27.00K $27.00K $27.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $400.6M $405.0M $420.9M
YoY Change
Total Liabilities & Shareholders Equity $424.2M $435.2M $451.5M
YoY Change -14.16% -14.5% -13.69%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$8.262M -$20.26M -$31.03M
YoY Change -62.58% 19.25% 94.47%
Depreciation, Depletion And Amortization $140.0K $140.0K $130.0K
YoY Change 21.74% 27.27% 44.44%
Cash From Operating Activities -$15.11M -$15.81M -$22.09M
YoY Change -6.13% 28.64% 48.65%
INVESTING ACTIVITIES
Capital Expenditures $87.00K -$110.0K -$280.0K
YoY Change -51.67% -45.0% -12.5%
Acquisitions
YoY Change
Other Investing Activities $10.84M $4.140M $60.15M
YoY Change 10.16% -102.49% 141.18%
Cash From Investing Activities $10.75M $4.030M $59.87M
YoY Change 11.33% -102.43% 143.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.339M -110.0K -1.420M
YoY Change 2.92% -92.03% -100.63%
NET CHANGE
Cash From Operating Activities -$15.11M -15.81M -22.09M
Cash From Investing Activities $10.75M 4.030M 59.87M
Cash From Financing Activities -$1.339M -110.0K -1.420M
Net Change In Cash -$5.700M -11.89M 36.36M
YoY Change -26.39% -93.39% -84.62%
FREE CASH FLOW
Cash From Operating Activities -$15.11M -$15.81M -$22.09M
Capital Expenditures $87.00K -$110.0K -$280.0K
Free Cash Flow -$15.20M -$15.70M -$21.81M
YoY Change -6.63% 29.86% 50.0%

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CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2869000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
12411000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
561000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-97336000 USD
CY2019Q4 us-gaap Stockholders Equity
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405008000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-97336000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-61656000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-30070000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
514000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
315000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
183000 USD
CY2019 anab Sharebased Compensation And Issuance Of Stock And Warrants For Services Or Claims
SharebasedCompensationAndIssuanceOfStockAndWarrantsForServicesOrClaims
12411000 USD
CY2018 anab Sharebased Compensation And Issuance Of Stock And Warrants For Services Or Claims
SharebasedCompensationAndIssuanceOfStockAndWarrantsForServicesOrClaims
9961000 USD
CY2017 anab Sharebased Compensation And Issuance Of Stock And Warrants For Services Or Claims
SharebasedCompensationAndIssuanceOfStockAndWarrantsForServicesOrClaims
4378000 USD
CY2019 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2018 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2017 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1366000 USD
CY2019 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2633000 USD
CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1233000 USD
CY2017 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-11000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-676000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-646000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-619000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
139000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1225000 USD
CY2019 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-174000 USD
CY2018 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1427000 USD
CY2017 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2517000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2178000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5188000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1885000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14499000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7083000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2218000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-69517000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-48506000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19438000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
251815000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
347537000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
290905000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
384051000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
206149000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
48137000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
805000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1063000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
290000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
131431000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-142451000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-243058000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
227476000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1043000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
1089000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
159000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
292537000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3007000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2869000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
979000 USD
CY2019 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2018 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
76000 USD
CY2017 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
536000 USD
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7500000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
191000 USD
CY2019 anab Stock Issuance Costs Incurred During Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashTransaction
0 USD
CY2018 anab Stock Issuance Costs Incurred During Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashTransaction
0 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6875000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
182000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1599000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4493000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
223364000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
292453000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
57421000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
32407000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
29957000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113656000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81249000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51292000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171077000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113656000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81249000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
424000 USD
CY2017 anab Stock Issuance Costs Incurred During Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashTransaction
37000 USD
CY2019 anab Transfer Of Warrants To Equity
TransferOfWarrantsToEquity
0 USD
CY2018 anab Transfer Of Warrants To Equity
TransferOfWarrantsToEquity
0 USD
CY2017 anab Transfer Of Warrants To Equity
TransferOfWarrantsToEquity
4607000 USD
CY2019 us-gaap Nature Of Operations
NatureOfOperations
Description of the Business <div style="line-height:120%;padding-top:8px;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">AnaptysBio, Inc. (“we,” “us,” “our,” or the “Company”) was incorporated in the state of Delaware in November 2005. We are a clinical stage biotechnology company developing first-in-class immunology therapeutic product candidates to patients. We are focused on emerging immune control mechanisms applicable to inflammation and immuno-oncology indications. We develop our product candidates using our proprietary antibody discovery technology platform, which is based upon a breakthrough understanding of the natural process of antibody generation, known as somatic hypermutation, or SHM, and replicates this natural process of antibody generation </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">in vitro</span><span style="font-family:inherit;font-size:10pt;">. We currently generate revenue from milestones achieved under our collaborative research and development arrangements. </span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Since our inception, we have devoted our primary effort to raising capital and research and development activities. Our financial support has been provided primarily from the sale of our common and preferred stock, as well as through funds received under our collaborative research and development agreements. Going forward, as we continue our expansion, we may seek additional financing and/or strategic investments. However, there can be no assurance that any additional financing or strategic investments will be available to us on acceptable terms, if at all. If events or circumstances occur such that we do not obtain additional funding, we will most likely be required to reduce our plans and/or certain discretionary spending, which could have a material adverse effect on our ability to achieve our intended business objectives. Management believes its currently available resources will provide sufficient funds to enable the Company to meet its operating plans for at least the next twelve months. The accompanying consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.</span></div><div style="line-height:120%;padding-top:24px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Public Offerings and Related Transactions</span></div><div style="line-height:120%;padding-top:24px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Initial Public Offering</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On January 31, 2017, we completed an initial public offering, or IPO, selling </span><span style="font-family:inherit;font-size:10pt;"><span>5,750,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares, which included the exercise of the underwriters’ option to purchase an additional </span><span style="font-family:inherit;font-size:10pt;"><span>750,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock, at </span><span style="font-family:inherit;font-size:10pt;"><span>$15.00</span></span><span style="font-family:inherit;font-size:10pt;"> per share. Proceeds from our initial public offering net of underwriting discounts and commissions were </span><span style="font-family:inherit;font-size:10pt;"><span>$80.2 million</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition, each of the following occurred in connection with the completion of the IPO on January 31, 2017:</span></div><div style="line-height:120%;padding-left:42px;padding-top:8px;text-align:left;text-indent:0px;"><span style="padding-top:8px;text-align:left;font-family:inherit;font-size:10pt;padding-right:6px;">•</span><span style="font-family:inherit;font-size:10pt;"> the conversion of all outstanding shares of convertible preferred stock into </span><span style="font-family:inherit;font-size:10pt;"><span>11,520,698</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock; and</span></div><div style="line-height:120%;padding-left:42px;padding-top:8px;text-align:left;text-indent:0px;"><span style="padding-top:8px;text-align:left;font-family:inherit;font-size:10pt;padding-right:6px;">•</span><span style="font-family:inherit;font-size:10pt;"> the conversion of warrants to purchase </span><span style="font-family:inherit;font-size:10pt;"><span>377,195</span></span><span style="font-family:inherit;font-size:10pt;"> shares of convertible preferred stock into warrants to purchase </span><span style="font-family:inherit;font-size:10pt;"><span>377,195</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock and the resultant reclassification of the warrant liability to additional paid-in capital.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:33px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Follow-on Public Offerings </span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On October 17, 2017, we completed an underwritten public offering selling </span><span style="font-family:inherit;font-size:10pt;"><span>3,000,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock. All shares were offered by us at a price to the public of </span><span style="font-family:inherit;font-size:10pt;"><span>$68.50</span></span><span style="font-family:inherit;font-size:10pt;"> per share. The aggregate net proceeds received by us from the offering were </span><span style="font-family:inherit;font-size:10pt;"><span>$194.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, net of underwriting discounts and commissions. As part of the underwritten public offering, on November 14, 2017, the underwriters exercised an additional </span><span style="font-family:inherit;font-size:10pt;"><span>271,380</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock at a discounted price to the public of </span><span style="font-family:inherit;font-size:10pt;"><span>$68.50</span></span><span style="font-family:inherit;font-size:10pt;"> per share for aggregate net proceeds of </span><span style="font-family:inherit;font-size:10pt;"><span>$17.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, net of underwriting discounts and commissions.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On September 28, 2018, we completed an underwritten public offering of </span><span style="font-family:inherit;font-size:10pt;"><span>2,530,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock, which included the exercise of the underwriters’ option to purchase an additional </span><span style="font-family:inherit;font-size:10pt;"><span>330,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock. All shares were offered by us at a price to the public of </span><span style="font-family:inherit;font-size:10pt;"><span>$94.46</span></span><span style="font-family:inherit;font-size:10pt;"> per share. The aggregate net proceeds received by us from the offering were </span><span style="font-family:inherit;font-size:10pt;"><span>$227.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, net of underwriting discounts and commissions.</span></div>
CY2017Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3000000 shares
CY2017Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
68.50
CY2017Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
194700000 USD
CY2018Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2530000 shares
CY2018Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
94.46
CY2018Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
227500000 USD
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:24px;text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. We base our estimates and assumptions on historical experience when available and on various factors that we believe to be reasonable under the circumstances. We evaluate our estimates and assumptions on an ongoing basis. Our actual results could differ from these estimates under different assumptions or conditions.</span></div>
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
60000 USD
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-top:26px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to a concentration of credit risk consist of cash and cash equivalents and certain investments in money market funds, certificates of deposit, agency securities, commercial obligations and U.S. treasury securities. Bank deposits are diversified between </span><span style="font-family:inherit;font-size:10pt;"><span>three</span></span><span style="font-family:inherit;font-size:10pt;"> financial institutions and these deposits may exceed insured limits. We are exposed to credit risk in the event of default by the financial institutions holding our cash and cash equivalents and issuers of investments that are recorded on our consolidated balance sheets. We mitigate our risk by investing in high-grade instruments and limiting the concentration in any one issuer, which limits our exposure.</span></div>
CY2019 anab Number Of Financial Institutions Utilized For Diversification Of Funds
NumberOfFinancialInstitutionsUtilizedForDiversificationOfFunds
3 bank
CY2019 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="line-height:120%;padding-top:24px;text-align:left;padding-left:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Long Lived Assets </span></div>Long-lived assets, consisting of property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable based on undiscounted cash flows. If long-lived assets are impaired, an impairment loss is recognized and is measured as the amount by which the carrying value exceeds the estimated fair value of the assets.
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2019Q4 anab Income Tax Incentive Research And Development Revenue Threshold For Reimbursable Period
IncomeTaxIncentiveResearchAndDevelopmentRevenueThresholdForReimbursablePeriod
20000000.0 AUD
CY2018Q4 anab Accrued Research And Development Expenses Current
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5577000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
269000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
321000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11052000 USD
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2462000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2451000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2639000 shares
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6297000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5642000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4679000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4197000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1618000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1445000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2152000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2421000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
435000 USD
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
442000 USD
CY2019Q4 anab Accrued Research And Development Expenses Current
AccruedResearchAndDevelopmentExpensesCurrent
8196000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
8761000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
256969000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
552000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
257515000 USD
CY2017Q1 us-gaap Common Stock Shares Authorized
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500000000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
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27255082 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3039880 shares
CY2019Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
5642223 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2152455 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.55
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