2022 Q4 Form 10-Q Financial Statement
#000171489922000144 Filed on November 03, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 |
---|---|---|
Revenue | $10.28M | $3.559M |
YoY Change | -17.83% | -32.66% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $23.52M | $23.26M |
YoY Change | 8.07% | 20.39% |
% of Gross Profit | ||
Research & Development | $92.11M | $87.79M |
YoY Change | 35.7% | 22.68% |
% of Gross Profit | ||
Depreciation & Amortization | $4.091M | $2.141M |
YoY Change | 95.37% | -2.1% |
% of Gross Profit | ||
Operating Expenses | $115.6M | $111.0M |
YoY Change | 29.0% | 22.19% |
Operating Profit | -$107.5M | |
YoY Change | 25.58% | |
Interest Expense | $6.660M | $4.187M |
YoY Change | 418.29% | 316.62% |
% of Operating Profit | ||
Other Income/Expense, Net | $4.187M | |
YoY Change | 316.62% | |
Pretax Income | -$98.68M | -$103.3M |
YoY Change | 30.13% | 22.12% |
Income Tax | -$6.000K | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$98.68M | -$103.3M |
YoY Change | 31.11% | 22.12% |
Net Earnings / Revenue | -959.62% | -2902.47% |
Basic Earnings Per Share | -$0.84 | |
Diluted Earnings Per Share | -$0.74 | -$0.84 |
COMMON SHARES | ||
Basic Shares Outstanding | 135.8M shares | 123.3M shares |
Diluted Shares Outstanding | 123.5M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.336B | $1.106B |
YoY Change | 54.4% | 6.44% |
Cash & Equivalents | $218.0M | $118.6M |
Short-Term Investments | $1.118B | $987.4M |
Other Short-Term Assets | $36.10M | $32.47M |
YoY Change | 17.98% | 114.47% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $1.372B | $1.139B |
YoY Change | 52.95% | 7.87% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $44.09M | $41.69M |
YoY Change | 13.44% | 4.2% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Other Assets | $13.40M | $16.12M |
YoY Change | 12.87% | 326.71% |
Total Long-Term Assets | $87.92M | $89.08M |
YoY Change | -82.66% | -77.42% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.372B | $1.139B |
Total Long-Term Assets | $87.92M | $89.08M |
Total Assets | $1.460B | $1.228B |
YoY Change | 3.99% | -15.34% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.790M | $7.539M |
YoY Change | -41.62% | 56.51% |
Accrued Expenses | $66.69M | $61.15M |
YoY Change | 25.44% | 36.88% |
Deferred Revenue | $0.00 | $23.00K |
YoY Change | -100.0% | -98.26% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $363.9M | $360.7M |
YoY Change | -3.79% | 564.82% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $379.0K | $379.0K |
YoY Change | 0.0% | -45.93% |
Total Long-Term Liabilities | $379.0K | $379.0K |
YoY Change | 0.0% | -45.93% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $363.9M | $360.7M |
Total Long-Term Liabilities | $379.0K | $379.0K |
Total Liabilities | $417.8M | $416.3M |
YoY Change | -5.44% | -4.89% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$971.0M | -$872.3M |
YoY Change | 50.54% | 53.11% |
Common Stock | $1.686M | $1.564M |
YoY Change | 8.91% | 1.23% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.042B | $811.3M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.460B | $1.228B |
YoY Change | 3.99% | -15.34% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$98.68M | -$103.3M |
YoY Change | 31.11% | 22.12% |
Depreciation, Depletion And Amortization | $4.091M | $2.141M |
YoY Change | 95.37% | -2.1% |
Cash From Operating Activities | -$72.66M | -$57.05M |
YoY Change | 10.95% | 37.68% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $4.849M | -$6.050M |
YoY Change | -258.83% | 222.67% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$122.7M | $21.47M |
YoY Change | 225.52% | -141.99% |
Cash From Investing Activities | -$127.6M | $15.42M |
YoY Change | 213.03% | -129.09% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 299.7M | 5.154M |
YoY Change | 5698.2% | 55.48% |
NET CHANGE | ||
Cash From Operating Activities | -72.66M | -57.05M |
Cash From Investing Activities | -127.6M | 15.42M |
Cash From Financing Activities | 299.7M | 5.154M |
Net Change In Cash | 99.43M | -36.47M |
YoY Change | -198.37% | -59.98% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$72.66M | -$57.05M |
Capital Expenditures | $4.849M | -$6.050M |
Free Cash Flow | -$77.51M | -$51.00M |
YoY Change | 24.14% | 28.91% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
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Entity Central Index Key
EntityCentralIndexKey
|
0001714899 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
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--12-31 | ||
dei |
Document Type
DocumentType
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10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
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true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
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2022-09-30 | ||
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false | ||
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EntityFileNumber
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001-38311 | ||
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Denali Therapeutics Inc. | ||
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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DE | ||
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46-3872213 | ||
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161 Oyster Point Blvd | ||
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South San Francisco | ||
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CA | ||
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false | ||
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94080 | ||
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650 | ||
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866-8548 | ||
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Common Stock, par value $0.01 per share | ||
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DNLI | ||
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NASDAQ | ||
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27000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-103299000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-84588000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-227313000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-215320000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
421000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
-153000 | usd |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
-9354000 | usd | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
-276000 | usd | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-102878000 | usd |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-84741000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-236667000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-215596000 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.84 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.84 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.69 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.69 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.85 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.85 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.77 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.77 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123473390 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
123473390 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
121742067 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
121742067 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123054889 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
123054889 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
121309197 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
121309197 | shares | |
CY2022Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
200000 | usd |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
2900000 | usd | |
CY2021Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
900000 | usd |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
2500000 | usd | |
CY2022Q3 | dnli |
Due To Related Parties Expense Current
DueToRelatedPartiesExpenseCurrent
|
1400000 | usd |
dnli |
Due To Related Parties Expense Current
DueToRelatedPartiesExpenseCurrent
|
3800000 | usd | |
CY2021Q3 | dnli |
Research And Development Expense Offset From Related Party Cost Reimbursement
ResearchAndDevelopmentExpenseOffsetFromRelatedPartyCostReimbursement
|
1200000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
962291000 | usd |
dnli |
Stock Issued During Period Value Equity Incentive Plan
StockIssuedDuringPeriodValueEquityIncentivePlan
|
11019000 | usd | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
74660000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-227313000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-9354000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
811303000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
884448000 | usd |
CY2022Q3 | dnli |
Stock Issued During Period Value Equity Incentive Plan
StockIssuedDuringPeriodValueEquityIncentivePlan
|
5154000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
24579000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-103299000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
421000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
811303000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1150531000 | usd |
dnli |
Stock Issued During Period Value Equity Incentive Plan
StockIssuedDuringPeriodValueEquityIncentivePlan
|
14180000 | usd | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
63162000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-215320000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-276000 | usd | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1012277000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1072705000 | usd |
CY2021Q3 | dnli |
Stock Issued During Period Value Equity Incentive Plan
StockIssuedDuringPeriodValueEquityIncentivePlan
|
3315000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
20998000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-84588000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-153000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1012277000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-227313000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-215320000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6292000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6499000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
74660000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
63162000 | usd | |
us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
-1430000 | usd | |
us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
-6316000 | usd | |
dnli |
Increase Decrease In Non Cash Operating Lease Expense
IncreaseDecreaseInNonCashOperatingLeaseExpense
|
2488000 | usd | |
dnli |
Increase Decrease In Non Cash Operating Lease Expense
IncreaseDecreaseInNonCashOperatingLeaseExpense
|
2201000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-51000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1386000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-8049000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3989000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3783000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
6891000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-3036000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-31290000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-10601000 | usd | |
dnli |
Increase Decrease In Contract With Customer Liability Related Parties
IncreaseDecreaseInContractWithCustomerLiabilityRelatedParties
|
-2889000 | usd | |
dnli |
Increase Decrease In Contract With Customer Liability Related Parties
IncreaseDecreaseInContractWithCustomerLiabilityRelatedParties
|
-2546000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-172053000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-145895000 | usd | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
628330000 | usd | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
1191491000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12984000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5447000 | usd | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
627486000 | usd | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
1216062000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13828000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
19124000 | usd | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
11019000 | usd | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
14180000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
11019000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14180000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-174862000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-112591000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
294977000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
508644000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
120115000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
396053000 | usd |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
284000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
29000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires the Company to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, as well as the reported amounts of expenses during the reporting period. Actual results could differ from those estimates, and such differences could be material to the Condensed Consolidated Balance Sheets and Statements of Operations and Comprehensive Loss.</span></div> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk and Other Risks and Uncertainties</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents, and marketable securities. Substantially all of the Company’s cash and cash equivalents are deposited in accounts with financial institutions that management believes are of high credit quality. Such deposits have and will continue to exceed federally insured limits. The Company maintains its cash with accredited financial institutions and accordingly, such funds are subject to minimal credit risk. </span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s investment policy limits investments to certain types of securities issued by the U.S. government and its agencies, as well as institutions with investment-grade credit ratings and places restrictions on maturities and concentration by type and issuer. The Company is exposed to credit risk in the event of a default by the financial institutions holding its cash, cash equivalents and marketable securities and issuers of marketable securities to the extent recorded on the Condensed Consolidated Balance Sheets. As of September 30, 2022 and December 31, 2021, the Company had no off-balance sheet concentrations of credit risk. </span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to a number of risks similar to other clinical-stage biopharmaceutical companies, including, but not limited to, the need to obtain adequate additional funding, possible failure of current or future preclinical testing or clinical trials, its reliance on third parties to conduct its clinical trials, the need to obtain regulatory and marketing approvals for its product candidates, competitors developing new technological innovations, the need to successfully commercialize and gain market acceptance of the Company’s product candidates, its right to develop and commercialize its product candidates pursuant to the terms and conditions of the licenses granted to the Company, protection of proprietary technology, the ability to make milestone, royalty or other payments due under any license or collaboration agreements, and the need to secure and maintain adequate manufacturing arrangements with third parties. If the Company does not successfully commercialize or partner any of its product candidates, it will be unable to generate product revenue or achieve profitability. Further, the company is also subject to broad market risks and uncertainties resulting from recent events, such as the COVID-19 pandemic, the Russian invasion of Ukraine, inflation, rising interest rates, and recession risks as well as supply chain and labor shortages.</span></div> | ||
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
999527000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2022Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1500000 | usd |
CY2022Q3 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1094668000 | usd |
CY2021Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1262673000 | usd |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
111000 | usd |
CY2021Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
111000 | usd |
CY2022Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
998942000 | usd |
CY2022Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | usd |
CY2022Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
11502000 | usd |
CY2022Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
987440000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
1000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
2149000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
997379000 | usd |
CY2021Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
0 | usd |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
0 | usd |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Term
DebtSecuritiesAvailableForSaleTerm
|
P1Y | |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
3559000 | usd |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
5285000 | usd |
us-gaap |
Revenues
Revenues
|
98180000 | usd | |
us-gaap |
Revenues
Revenues
|
36147000 | usd | |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
610816 | shares | |
CY2022Q3 | us-gaap |
Lease Cost
LeaseCost
|
3306000 | usd |
CY2021Q3 | us-gaap |
Lease Cost
LeaseCost
|
2863000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
8857000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
8429000 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2899000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2618000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
8193000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
7717000 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P6Y4M24D | |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y7M6D | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.089 | |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.090 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2996000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
12238000 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
27.02 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
12122000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
11793000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
12182000 | usd |
CY2022Q3 | dnli |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
29966000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
81297000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
19251000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
62046000 | usd |
CY2022Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
1000000.0 | usd |
CY2021Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
1000000.0 | usd |
us-gaap |
Sublease Income
SubleaseIncome
|
2900000 | usd | |
us-gaap |
Sublease Income
SubleaseIncome
|
2900000 | usd | |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
758000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
3096000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
876000 | usd |
CY2022Q3 | dnli |
Lessor Operating Lease Payment To Be Received After Year Two
LessorOperatingLeasePaymentToBeReceivedAfterYearTwo
|
0 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
4730000 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
13686386 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.33 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
2168090 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
43.54 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
14.23 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
495030 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
40.64 | ||
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
14748630 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
13137935 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
30.25 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
9553685 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
21.08 | |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
24579000 | usd |
CY2021Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
20998000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
74660000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
63162000 | usd | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
18400000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
16500000 | shares |