2023 Q1 Form 10-K Financial Statement

#000100069423000005 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $80.95M $357.4M $1.982B
YoY Change -88.5% 60.85% 72.89%
Cost Of Revenue $34.09M $181.8M $902.6M
YoY Change 124.19%
Gross Profit $46.87M $175.6M $1.079B
YoY Change -93.2% -5.85%
Gross Profit Margin 57.89% 49.14% 54.46%
Selling, General & Admin $112.5M $161.7M $488.7M
YoY Change 17.23% 91.97% 63.79%
% of Gross Profit 240.12% 92.05% 45.28%
Research & Development $247.1M $257.9M $1.235B
YoY Change -35.56% -73.22% -51.26%
% of Gross Profit 527.26% 146.81% 114.46%
Depreciation & Amortization $9.043M $7.222M $29.10M
YoY Change 33.67% 96.68% 132.8%
% of Gross Profit 19.3% 4.11% 2.7%
Operating Expenses $247.1M $419.5M $1.235B
YoY Change -35.56% -59.94% -51.26%
Operating Profit -$312.8M -$243.9M -$644.7M
YoY Change -249.44% -61.77%
Interest Expense $4.316M -$4.601M $19.88M
YoY Change -11.48% -8.62% -5.9%
% of Operating Profit
Other Income/Expense, Net $24.36M $63.97M $10.97M
YoY Change 1372.91% 19226.59% -233.82%
Pretax Income -$292.7M -$184.5M -$653.6M
YoY Change -242.05% -77.76% -61.88%
Income Tax $1.183M -$2.260M $4.300M
% Of Pretax Income
Net Earnings -$293.9M -$182.2M -$657.9M
YoY Change -244.49% -78.46% -62.27%
Net Earnings / Revenue -363.07% -50.99% -33.2%
Basic Earnings Per Share -$3.41 -$8.42
Diluted Earnings Per Share -$3.41 -$2.28 -$8.42
COMMON SHARES
Basic Shares Outstanding 86.17M shares 78.50M shares 78.18M shares
Diluted Shares Outstanding 86.16M shares 78.18M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $625.0M $1.337B $1.337B
YoY Change -60.22% -11.76% -11.76%
Cash & Equivalents $625.0M $1.337B $1.337B
Short-Term Investments
Other Short-Term Assets $199.0M $76.37M $247.5M
YoY Change 3.86% 42.78% 33.75%
Inventory $34.19M $36.68M $36.68M
Prepaid Expenses
Receivables $112.8M $82.38M $82.38M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $971.0M $1.703B $1.703B
YoY Change -58.63% -20.96% -20.96%
LONG-TERM ASSETS
Property, Plant & Equipment $307.4M $294.2M $400.5M
YoY Change 24.35% 28.66% 48.98%
Goodwill $129.8M $126.3M
YoY Change -0.71% -3.92%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.51M $28.47M $28.47M
YoY Change 63.89% 71.85% 71.85%
Total Long-Term Assets $571.7M $555.3M $555.3M
YoY Change 17.27% 31.7% 31.7%
TOTAL ASSETS
Total Short-Term Assets $971.0M $1.703B $1.703B
Total Long-Term Assets $571.7M $555.3M $555.3M
Total Assets $1.543B $2.259B $2.259B
YoY Change -45.58% -12.34% -12.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $124.8M $216.5M $216.5M
YoY Change -7.64% 70.42% 70.42%
Accrued Expenses $518.7M $591.2M $608.0M
YoY Change -7.35% -12.26% -13.72%
Deferred Revenue $415.8M $400.0M
YoY Change -62.2% -71.43%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.205M $352.1M $352.1M
YoY Change -98.97% 169.72% 169.72%
Total Short-Term Liabilities $1.919B $2.460B $2.460B
YoY Change -15.13% 2.91% 2.91%
LONG-TERM LIABILITIES
Long-Term Debt $197.9M $197.7M $197.7M
YoY Change -38.88% -38.88%
Other Long-Term Liabilities $47.51M $55.70M $235.1M
YoY Change -28.87% 32.23% 9.53%
Total Long-Term Liabilities $47.51M $55.70M $432.8M
YoY Change -28.87% 32.23% -19.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.919B $2.460B $2.460B
Total Long-Term Liabilities $47.51M $55.70M $432.8M
Total Liabilities $2.438B $2.893B $2.893B
YoY Change -11.96% -1.22% -1.22%
SHAREHOLDERS EQUITY
Retained Earnings -$4.570B -$4.276B
YoY Change 33.83% 18.19%
Common Stock $871.0K $868.0K
YoY Change 10.67% 13.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.66M
YoY Change 6.53%
Treasury Stock Shares 766.6K shares
Shareholders Equity -$895.6M -$634.1M -$634.1M
YoY Change
Total Liabilities & Shareholders Equity $1.543B $2.259B $2.259B
YoY Change -45.58% -12.34% -12.34%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$293.9M -$182.2M -$657.9M
YoY Change -244.49% -78.46% -62.27%
Depreciation, Depletion And Amortization $9.043M $7.222M $29.10M
YoY Change 33.67% 96.68% 132.8%
Cash From Operating Activities -$325.6M -$117.8M -$415.9M
YoY Change 267.87% -65.59% -228.78%
INVESTING ACTIVITIES
Capital Expenditures $19.80M $22.06M $92.99M
YoY Change -217.68% -234.83% -261.75%
Acquisitions $0.00
YoY Change
Other Investing Activities -$3.757M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$23.56M -$22.06M -$92.99M
YoY Change 40.01% 34.83% -192.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $249.2M
YoY Change -55.88%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$354.4M 191.4M $325.0M
YoY Change -321.67% -415.33% -29.61%
NET CHANGE
Cash From Operating Activities -$325.6M -117.8M -$415.9M
Cash From Investing Activities -$23.56M -22.06M -$92.99M
Cash From Financing Activities -$354.4M 191.4M $325.0M
Net Change In Cash -$711.9M 51.56M -$179.4M
YoY Change -1374.87% -112.29% -120.4%
FREE CASH FLOW
Cash From Operating Activities -$325.6M -$117.8M -$415.9M
Capital Expenditures $19.80M $22.06M $92.99M
Free Cash Flow -$345.4M -$139.9M -$508.9M
YoY Change 381.84% -57.1% -233.77%

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CY2021Q4 us-gaap Treasury Stock Shares
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CY2021Q4 us-gaap Treasury Stock Value
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183626000 usd
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CY2021 us-gaap Stock Issued During Period Value New Issues
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131967000 usd
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CY2022 us-gaap Stock Issued During Period Value New Issues
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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OperatingAndFinanceLeaseWriteOff
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OperatingAndFinanceLeaseWriteOff
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ShareBasedCompensation
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ShareBasedCompensation
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ProvisionForExcessAndObsoleteInventory
447597000 usd
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ProvisionForExcessAndObsoleteInventory
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ProvisionForExcessAndObsoleteInventory
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21903000 usd
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OtherNoncashIncomeExpense
7641000 usd
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OtherNoncashIncomeExpense
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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165516000 usd
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CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2167000 usd
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PaymentsToAcquireMarketableSecurities
363202000 usd
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CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
205562000 usd
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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100154000 usd
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CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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249230000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
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564859000 usd
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CY2022 us-gaap Proceeds From Convertible Debt
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175250000 usd
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CY2022 us-gaap Repayments Of Convertible Debt
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5258000 usd
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CY2020 us-gaap Repayments Of Convertible Debt
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CY2022 nvax Net Proceeds From The Exercise Of Stock Based Awards
NetProceedsFromTheExerciseOfStockBasedAwards
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CY2021 nvax Net Proceeds From The Exercise Of Stock Based Awards
NetProceedsFromTheExerciseOfStockBasedAwards
24761000 usd
CY2020 nvax Net Proceeds From The Exercise Of Stock Based Awards
NetProceedsFromTheExerciseOfStockBasedAwards
5382000 usd
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93595000 usd
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FinanceLeasePrincipalPayments
96065000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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324988000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
461713000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
984762000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4520000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2115000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
879521000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
566558000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1528259000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
648738000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82180000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1348845000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1528259000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
648738000 usd
CY2022 nvax Proceeds From Issuance Or Sale Of Equity Not Settled
ProceedsFromIssuanceOrSaleOfEquityNotSettled
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CY2021 nvax Proceeds From Issuance Or Sale Of Equity Not Settled
ProceedsFromIssuanceOrSaleOfEquityNotSettled
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CY2020 nvax Proceeds From Issuance Or Sale Of Equity Not Settled
ProceedsFromIssuanceOrSaleOfEquityNotSettled
3227000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17665000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10338000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2022 nvax Non Cash Related Transactions For Finance Lease Right Of Use Asset
NonCashRelatedTransactionsForFinanceLeaseRightOfUseAsset
91855000 usd
CY2021 nvax Non Cash Related Transactions For Finance Lease Right Of Use Asset
NonCashRelatedTransactionsForFinanceLeaseRightOfUseAsset
179210000 usd
CY2020 nvax Non Cash Related Transactions For Finance Lease Right Of Use Asset
NonCashRelatedTransactionsForFinanceLeaseRightOfUseAsset
247599000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
18035000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
19428000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
13705000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
17980000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
12606000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
Organization<div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Novavax, Inc. (“Novavax,” and together with its wholly owned subsidiaries, the “Company”) is a biotechnology company that promotes improved health globally through the discovery, development, and commercialization of innovative vaccines to prevent serious infectious diseases. The Company’s COVID-19 vaccine NVX-CoV2373 (“Nuvaxovid™,” “Covovax™,” “Novavax COVID-19 Vaccine, Adjuvanted”); influenza vaccine candidate; COVID-19-Influenza Combination (“CIC”) vaccine candidate; and additional vaccine candidates, including for Omicron subvariants and bivalent formulations with prototype vaccine (“NVX-CoV2373”), are genetically engineered nanostructures of conformationally correct recombinant proteins critical to disease pathogenesis and may elicit differentiated immune responses, which may be more efficacious than naturally occurring immunity or other vaccine approaches. NVX-CoV2373 and the Company’s other vaccine candidates incorporate the Company's proprietary Matrix-M</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> adjuvant to enhance the immune response and stimulate higher levels of functional antibodies and induce a cellular immune response. The Company has announced data from its ongoing PREVENT-19 study supporting the use of NVX-CoV2373 for homologous boosting in adults and adolescents aged 12 through 17. Additional findings in Phase 3 COVID-19 Omicron (study 311) trial showed utility of the prototype vaccine as a heterologous booster, inducing broad immune responses against contemporary Omicron variants.</span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022, the Company had received approval, interim authorization, provisional approval, conditional marketing authorization, and emergency use authorization (“EUA”) from multiple regulatory authorities globally for NVX-CoV2373 for both adult and adolescent populations as a primary series and for both homologous and heterologous booster indications.</span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company commenced commercial shipments of NVX-CoV2373 doses under the name “Novavax COVID-19 Vaccine, Adjuvanted” and the brand name “Nuvaxovid™” in 2022.</span></div>
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1300000000 usd
CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts reported in prior periods have been reclassified to conform to current period financial statement presentation. These reclassifications have no material effect on previously reported financial position, cash flows, or results of operations.</span></div>
CY2022 us-gaap Use Of Estimates
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<div style="margin-bottom:12pt;text-align:justify;text-indent: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-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates are used for, but not limited to, revenue recognition, inventory, research and development expenses, stock-based compensation, useful lives of long-lived assets, leases, and income taxes. Actual results could differ materially from those estimates.</span></div>
CY2022 us-gaap Advertising Expense
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84000000 usd
CY2021 us-gaap Advertising Expense
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8900000 usd
CY2022 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:12pt;text-align:justify;text-indent: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 Risk</span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments expose the Company to concentration of credit risk and consist primarily of cash and cash equivalents. The Company’s investment policy limits investments to certain types of instruments, including asset-backed securities, high-grade corporate debt securities, and money market funds; places restrictions on maturities and concentrations in certain industries; and requires the Company to maintain a certain level of liquidity. At times, the Company maintains cash balances in financial institutions that may exceed federally insured limits. The Company has not experienced any losses relating to such accounts and believes it is not exposed to a significant credit risk on its cash and cash equivalents.</span></div>The Company currently depends exclusively on a single supplier for co-formulation, filling, and finishing NVX-CoV2373. The loss of this supplier could prevent or delay the Company’s delivery of customer orders.
CY2022 us-gaap Number Of Reporting Units
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CY2022Q4 us-gaap Goodwill Impairment Loss
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CY2021 us-gaap Income Tax Expense Benefit
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2021 us-gaap Translation Adjustment Functional To Reporting Currency Gain Loss Reclassified To Earnings Net Of Tax
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CY2020 us-gaap Translation Adjustment Functional To Reporting Currency Gain Loss Reclassified To Earnings Net Of Tax
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9600000 usd
CY2022 us-gaap Number Of Operating Segments
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CY2021Q4 us-gaap Billed Contract Receivables
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CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
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CY2021Q4 us-gaap Unbilled Contracts Receivable
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35300000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
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CY2022 nvax Accounts Receivable Before Allowance For Credit Loss Additions
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CY2022 nvax Accounts Receivable Before Allowance For Credit Loss Deductions
AccountsReceivableBeforeAllowanceForCreditLossDeductions
2127240000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
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CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
262012000 usd
CY2021 nvax Accounts Receivable Before Allowance For Credit Loss Additions
AccountsReceivableBeforeAllowanceForCreditLossAdditions
2432268000 usd
CY2021 nvax Accounts Receivable Before Allowance For Credit Loss Deductions
AccountsReceivableBeforeAllowanceForCreditLossDeductions
2239287000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
454993000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022 nvax Accounts Receivable Allowance For Credit Loss Additions
AccountsReceivableAllowanceForCreditLossAdditions
13835000 usd
CY2022 nvax Accounts Receivable Allowance For Credit Loss Deductions
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 nvax Contract With Customer Liability Additions
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CY2022 nvax Contract With Customer Liability Deductions
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CY2022Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2021 nvax Contract With Customer Liability Additions
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CY2021 nvax Contract With Customer Liability Deductions
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2022 nvax Accounts Receivable Allowance For Credit Loss Additions
AccountsReceivableAllowanceForCreditLossAdditions
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CY2021 nvax Accounts Receivable Allowance For Credit Loss Additions
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CY2020 nvax Accounts Receivable Allowance For Credit Loss Additions
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CY2022Q4 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2022Q4 nvax Collaboration Agreement Upfront Payment Amount
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CY2022Q4 nvax Revenue Performance Obligation Satisfied At Point In Time Amount
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CY2022Q4 us-gaap Revenue Remaining Performance Obligation
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Inventory Raw Materials
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CY2022Q4 us-gaap Inventory Work In Process
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CY2022Q4 us-gaap Inventory Finished Goods
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CY2021Q4 us-gaap Inventory Net
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CY2022 us-gaap Inventory Firm Purchase Commitment Loss
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CY2022Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 nvax Lease Right Of Use Asset
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CY2022Q4 us-gaap Finance Lease Liability Current
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CY2022Q4 nvax Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Finance Lease Liability Noncurrent
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CY2021Q4 us-gaap Finance Lease Liability Noncurrent
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CY2022Q4 nvax Lease Liability Noncurrent
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
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CY2022 us-gaap Short Term Lease Cost
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CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2022 us-gaap Variable Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2020 us-gaap Variable Lease Cost
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022 us-gaap Finance Lease Interest Expense
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CY2020 us-gaap Finance Lease Interest Expense
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CY2022 us-gaap Lease Cost
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CY2021 us-gaap Lease Cost
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CY2020 us-gaap Lease Cost
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CY2022 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2020 us-gaap Operating Lease Payments
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CY2022 us-gaap Finance Lease Interest Payment On Liability
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CY2021 us-gaap Finance Lease Interest Payment On Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10446000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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CY2022Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Unamortized Debt Issuance Expense
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CY2021Q4 us-gaap Unamortized Debt Issuance Expense
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CY2022Q4 us-gaap Convertible Notes Payable Current
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CY2021Q4 us-gaap Convertible Notes Payable Current
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CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2022Q4 us-gaap Convertible Long Term Notes Payable
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CY2021Q4 us-gaap Convertible Long Term Notes Payable
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CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
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CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
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CY2020 us-gaap Interest Expense Debt Excluding Amortization
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CY2022 us-gaap Amortization Of Financing Costs And Discounts
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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2020 us-gaap Amortization Of Financing Costs And Discounts
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CY2022 us-gaap Interest Expense Debt
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CY2021 us-gaap Interest Expense Debt
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CY2020 us-gaap Interest Expense Debt
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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2000000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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CY2022 us-gaap Defined Contribution Plan Cost Recognized
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2020 us-gaap Defined Contribution Plan Cost Recognized
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900000 usd
CY2022Q4 us-gaap Supplies
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CY2021Q4 us-gaap Supplies
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CY2021Q4 us-gaap Other Assets Current
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation Depletion And Amortization
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29100000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
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CY2022Q4 us-gaap Employee Related Liabilities Current
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CY2021Q4 us-gaap Employee Related Liabilities Current
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CY2022Q4 nvax Research And Development Accruals
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CY2021Q4 nvax Research And Development Accruals
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CY2021Q4 us-gaap Other Accrued Liabilities Current
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CY2022Q4 us-gaap Accrued Liabilities Current
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CY2021Q4 us-gaap Accrued Liabilities Current
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CY2022Q4 us-gaap Customer Refund Liability Current
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210362000 usd
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CY2022Q4 nvax Other Current Liability Related To Advance Purchase Agreements
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CY2021Q4 nvax Other Current Liability Related To Advance Purchase Agreements
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CY2022Q4 us-gaap Other Sundry Liabilities Current
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CY2021Q4 us-gaap Other Sundry Liabilities Current
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CY2022Q4 us-gaap Other Liabilities Current
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CY2021Q4 us-gaap Other Liabilities Current
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36061000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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503000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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2489000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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Files In Submission

Name View Source Status
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