2024 Q1 Form 10-K Financial Statement

#000100069424000007 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $93.86M $291.3M $983.7M
YoY Change 15.94% -18.48% -50.36%
Cost Of Revenue $59.21M $155.0M $343.8M
YoY Change 73.7% -14.74% -61.92%
Gross Profit $34.65M $136.4M $639.9M
YoY Change -26.07% -22.36% -40.7%
Gross Profit Margin 36.91% 46.81% 65.05%
Selling, General & Admin $86.80M $155.2M $457.4M
YoY Change -22.87% -3.97% -6.39%
% of Gross Profit 250.53% 113.84% 71.48%
Research & Development $92.68M $164.7M $737.5M
YoY Change -62.49% -36.13% -40.3%
% of Gross Profit 267.5% 120.78% 115.25%
Depreciation & Amortization $12.15M $10.79M $41.00M
YoY Change 34.32% 49.46% 40.89%
% of Gross Profit 35.06% 7.92% 6.41%
Operating Expenses $92.68M $319.9M $737.5M
YoY Change -62.49% -23.74% -40.3%
Operating Profit -$144.8M -$183.6M -$566.5M
YoY Change -53.69% -24.73% -12.13%
Interest Expense $4.111M -$4.117M $14.42M
YoY Change -4.75% -10.52% -27.48%
% of Operating Profit
Other Income/Expense, Net $3.654M $10.98M $37.90M
YoY Change -85.0% -82.83% 245.48%
Pretax Income -$145.3M -$176.7M -$543.0M
YoY Change -50.37% -4.23% -16.92%
Income Tax $2.262M $1.688M $2.031M
% Of Pretax Income
Net Earnings -$147.6M -$178.4M -$545.1M
YoY Change -49.8% -2.12% -17.15%
Net Earnings / Revenue -157.21% -61.23% -55.41%
Basic Earnings Per Share -$1.05 -$5.41
Diluted Earnings Per Share -$1.05 -$1.44 -$5.41
COMMON SHARES
Basic Shares Outstanding 140.0M shares 118.8M shares 100.8M shares
Diluted Shares Outstanding 139.9M shares 100.8M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $480.6M $568.5M $568.5M
YoY Change -23.1% -57.48% -57.48%
Cash & Equivalents $480.6M $568.5M $568.5M
Short-Term Investments
Other Short-Term Assets $209.4M $155.7M $236.4M
YoY Change 5.19% 103.9% -4.45%
Inventory $15.78M $41.70M $41.70M
Prepaid Expenses
Receivables $21.38M $297.2M $297.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $727.1M $1.144B $1.144B
YoY Change -25.12% -32.85% -32.85%
LONG-TERM ASSETS
Property, Plant & Equipment $291.1M $305.8M $491.0M
YoY Change -5.31% 3.92% 22.6%
Goodwill $123.2M $127.5M
YoY Change -5.12% 0.89%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.97M $35.16M $35.16M
YoY Change 1.51% 23.5% 23.5%
Total Long-Term Assets $626.4M $653.6M $653.6M
YoY Change 9.58% 17.71% 17.71%
TOTAL ASSETS
Total Short-Term Assets $727.1M $1.144B $1.144B
Total Long-Term Assets $626.4M $653.6M $653.6M
Total Assets $1.354B $1.797B $1.797B
YoY Change -12.26% -20.42% -20.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.72M $132.6M $132.6M
YoY Change -53.75% -38.75% -38.75%
Accrued Expenses $257.4M $394.7M $417.6M
YoY Change -50.38% -33.24% -31.31%
Deferred Revenue $240.9M $241.3M
YoY Change -42.06% -39.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.291M $5.142M $5.142M
YoY Change 422.07% -98.54% -98.54%
Total Short-Term Liabilities $804.4M $1.635B $1.635B
YoY Change -58.08% -33.53% -33.53%
LONG-TERM LIABILITIES
Long-Term Debt $223.0M $223.9M $223.9M
YoY Change 12.73% 13.27% 13.27%
Other Long-Term Liabilities $351.7M $33.13M $655.3M
YoY Change 640.3% -40.52% 178.74%
Total Long-Term Liabilities $351.7M $33.13M $879.3M
YoY Change 640.3% -40.52% 103.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $804.4M $1.635B $1.635B
Total Long-Term Liabilities $351.7M $33.13M $879.3M
Total Liabilities $2.221B $2.514B $2.514B
YoY Change -8.93% -13.08% -13.08%
SHAREHOLDERS EQUITY
Retained Earnings -$4.969B -$4.821B
YoY Change 8.72% 12.75%
Common Stock $1.417M $1.405M
YoY Change 62.69% 61.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$867.1M -$716.9M -$716.9M
YoY Change
Total Liabilities & Shareholders Equity $1.354B $1.797B $1.797B
YoY Change -12.26% -20.42% -20.42%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$147.6M -$178.4M -$545.1M
YoY Change -49.8% -2.12% -17.15%
Depreciation, Depletion And Amortization $12.15M $10.79M $41.00M
YoY Change 34.32% 49.46% 40.89%
Cash From Operating Activities -$83.60M -$176.8M -$714.0M
YoY Change -74.32% 50.05% 71.68%
INVESTING ACTIVITIES
Capital Expenditures $6.878M $8.839M $53.77M
YoY Change -65.26% -59.94% -42.17%
Acquisitions
YoY Change
Other Investing Activities -$372.0K -$239.0K -$5.035M
YoY Change -90.1%
Cash From Investing Activities -$7.250M -$9.078M -$58.81M
YoY Change -69.22% -58.86% -36.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $360.2M
YoY Change 44.54%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $5.886M 100.4M $4.466M
YoY Change -101.66% -47.56% -98.63%
NET CHANGE
Cash From Operating Activities -$83.60M -176.8M -$714.0M
Cash From Investing Activities -$7.250M -9.078M -$58.81M
Cash From Financing Activities $5.886M 100.4M $4.466M
Net Change In Cash -$87.87M -85.47M -$765.0M
YoY Change -87.66% -265.77% 326.41%
FREE CASH FLOW
Cash From Operating Activities -$83.60M -$176.8M -$714.0M
Capital Expenditures $6.878M $8.839M $53.77M
Free Cash Flow -$90.48M -$185.6M -$767.8M
YoY Change -73.8% 32.7% 50.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.41
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.42
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74400000 shares
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-657939000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1743751000 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-8368000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1743751000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-351673000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
19428000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
12606000 usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001000694
CY2023Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://www.novavax.com/20231231#LeaseRightOfUseAsset
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://www.novavax.com/20231231#LeaseRightOfUseAsset
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://www.novavax.com/20231231#LeaseRightOfUseAsset
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://www.novavax.com/20231231#LeaseRightOfUseAsset
CY2022Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2023Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2022Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
000-26770
CY2023 dei Entity Registrant Name
EntityRegistrantName
NOVAVAX, INC
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
22-2816046
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
700 Quince Orchard Road,
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Gaithersburg,
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
20878
CY2023 dei City Area Code
CityAreaCode
(240)
CY2023 dei Local Phone Number
LocalPhoneNumber
268-2000
CY2023 dei Security12b Title
Security12bTitle
Common Stock, Par Value $0.01 per share
CY2023 dei Trading Symbol
TradingSymbol
NVAX
CY2023 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
false
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
699000000 usd
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
139953143 shares
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023 dei Auditor Firm
AuditorFirmId
42
CY2023 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2023 dei Auditor Location
AuditorLocation
Tysons, Virginia
CY2023 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2023 dei Auditor Location
AuditorLocation
Tysons, Virginia
CY2023 us-gaap Revenues
Revenues
983705000 usd
CY2022 us-gaap Revenues
Revenues
1981872000 usd
CY2021 us-gaap Revenues
Revenues
1146290000 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
343768000 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
902639000 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
0 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
737502000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1235278000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2534508000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
468946000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
488691000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
298358000 usd
CY2023 us-gaap Costs And Expenses
CostsAndExpenses
1550216000 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
2626608000 usd
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
2832866000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-566511000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-644736000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-1686576000 usd
CY2023 us-gaap Interest Expense
InterestExpense
14416000 usd
CY2022 us-gaap Interest Expense
InterestExpense
19880000 usd
CY2021 us-gaap Interest Expense
InterestExpense
21127000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
37896000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10969000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6833000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-543031000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-653647000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1714536000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2031000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4292000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29215000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-545062000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-657939000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1743751000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.42
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-23.44
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-23.44
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100768000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78183000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74400000 shares
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-9000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-535963000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
568505000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1336883000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10424000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10303000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
297240000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
82375000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
41696000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
36683000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
226023000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
237147000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1143888000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
1703391000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
305771000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
294247000 usd
CY2023Q4 nvax Lease Right Of Use Asset
LeaseRightOfUseAsset
185218000 usd
CY2022Q4 nvax Lease Right Of Use Asset
LeaseRightOfUseAsset
106241000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
127454000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
126331000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
35159000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28469000 usd
CY2023Q4 us-gaap Assets
Assets
1797490000 usd
CY2022Q4 us-gaap Assets
Assets
2258679000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
132610000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
216517000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
394668000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
591158000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
241310000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
370137000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
5142000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
27196000 usd
CY2023Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
0 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
324881000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
861408000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
930055000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1635138000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2459944000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
622210000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
179414000 usd
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
168016000 usd
CY2022Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
166466000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
55923000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31238000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
33130000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
55695000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
2514417000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
2892757000 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
140506093 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
139505770 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
86806554 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
86039923 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
1405000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
868000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4192164000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3737979000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4820951000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4275889000 usd
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1000323 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
766631 shares
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
92267000 usd
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
90659000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2722000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6377000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-716927000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-634078000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1797490000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2258679000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
627209000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
183626000 usd
CY2021 nvax Compensation Stock Issued Under Incentive Program
CompensationStockIssuedUnderIncentiveProgram
24761000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
7292000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
564859000 usd
CY2021 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-9000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
131967000 usd
CY2022 nvax Compensation Stock Issued Under Incentive Program
CompensationStockIssuedUnderIncentiveProgram
-639000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
7216000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
249230000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5024000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-657939000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-634078000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
85850000 usd
CY2023 nvax Compensation Stock Issued Under Incentive Program
CompensationStockIssuedUnderIncentiveProgram
159000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
6171000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
367105000 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
9099000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-545062000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-716927000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-545062000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-657939000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1743751000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
41225000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
29054000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12661000 usd
CY2023 nvax Operating And Finance Lease Write Off
OperatingAndFinanceLeaseWriteOff
6113000 usd
CY2022 nvax Operating And Finance Lease Write Off
OperatingAndFinanceLeaseWriteOff
18104000 usd
CY2021 nvax Operating And Finance Lease Write Off
OperatingAndFinanceLeaseWriteOff
144433000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
85357000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
130300000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
183626000 usd
CY2023 nvax Provision For Excess And Obsolete Inventory
ProvisionForExcessAndObsoleteInventory
72197000 usd
CY2022 nvax Provision For Excess And Obsolete Inventory
ProvisionForExcessAndObsoleteInventory
447597000 usd
CY2021 nvax Provision For Excess And Obsolete Inventory
ProvisionForExcessAndObsoleteInventory
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10081000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
7042000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
21903000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
7641000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74457000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
477801000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8872000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
274442000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-249166000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
183393000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-378805000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
913399000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
600326000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
350868000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1045914000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1325557000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-713967000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-415937000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
322946000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10338000 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
53771000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
89056000 usd
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
54501000 usd
CY2023 us-gaap Payments For Software
PaymentsForSoftware
5035000 usd
CY2022 us-gaap Payments For Software
PaymentsForSoftware
3929000 usd
CY2021 us-gaap Payments For Software
PaymentsForSoftware
2985000 usd
CY2023 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2167000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
159807000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58806000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-92985000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
100154000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
360243000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
249230000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
564859000 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
175250000 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2023 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
3591000 usd
CY2022 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
5258000 usd
CY2021 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 usd
CY2023 nvax Net Proceeds From The Exercise Of Stock Based Awards
NetProceedsFromTheExerciseOfStockBasedAwards
159000 usd
CY2022 nvax Net Proceeds From The Exercise Of Stock Based Awards
NetProceedsFromTheExerciseOfStockBasedAwards
-639000 usd
CY2021 nvax Net Proceeds From The Exercise Of Stock Based Awards
NetProceedsFromTheExerciseOfStockBasedAwards
24761000 usd
CY2023 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
325000000 usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
CY2021 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
27345000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
93595000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
127907000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4466000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
324988000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
461713000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3272000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4520000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5292000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-765035000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-179414000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
879521000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
583810000 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
CY2023 nvax Proceeds From Issuance Or Sale Of Equity Not Settled
ProceedsFromIssuanceOrSaleOfEquityNotSettled
6862000 usd
CY2022 nvax Proceeds From Issuance Or Sale Of Equity Not Settled
ProceedsFromIssuanceOrSaleOfEquityNotSettled
0 usd
CY2021 nvax Proceeds From Issuance Or Sale Of Equity Not Settled
ProceedsFromIssuanceOrSaleOfEquityNotSettled
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7899000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17665000 usd
CY2023 nvax Non Cash Related Transactions For Finance Lease Right Of Use Asset
NonCashRelatedTransactionsForFinanceLeaseRightOfUseAsset
103299000 usd
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
CY2023 us-gaap Interest Paid Net
InterestPaidNet
17349000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
18035000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
190000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
17980000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Organization &amp; Business<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 by discovering, developing, and commercializing innovative vaccines to prevent serious infectious diseases. Novavax offers a differentiated vaccine platform that combines a recombinant protein approach, innovative nanoparticle technology and patented Matrix-M™ adjuvant to enhance the immune response. Novavax currently has one commercial program, for vaccines to prevent COVID-19, which includes Nuvaxovid™ prototype COVID-19 vaccine ("NVX-CoV2373,” or “prototype vaccine”) and Nuvaxovid™ updated COVID-19 vaccine (“NVX-CoV2601,” or “updated vaccine”) (collectively, “COVID-19 Vaccine”). Local regulatory authorities have also specified nomenclature for the prototype and updated vaccines within their territories (e.g., “Novavax COVID-19 Vaccine, Adjuvanted” and “Novavax COVID-19, Adjuvanted (2023-2024 Formula)”, respectively, for the U.S.). The Company’s partner, Serum Institute of India Pvt. Ltd. (“SIIPL”), markets NVX-CoV2373 as “Covovax™.” </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%">Beginning in 2022, the Company received approval, interim authorization, provisional approval, conditional marketing authorization, and emergency use authorization (“EUA”) from multiple regulatory authorities globally for its prototype vaccine for both adult and adolescent populations as a primary series and for both homologous and heterologous booster indications in select territories. In October 2023, the U.S. Food and Drug Administration (“U.S. FDA”) amended the EUA for its prototype vaccine to include its updated vaccine. The amended EUA authorizes use of the Company’s updated vaccine in individuals 12 years and older. In October 2023, the European Commission (“EC”) granted approval for the Company’s updated vaccine for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals aged 12 and older. Currently, the Company significantly depends on its supply agreement with SIIPL and its subsidiary, Serum Life Sciences Limited (“SLS”), for co-formulation, filling and finishing (other than in Europe) and on its service agreement with PCI Pharma Services for finishing in Europe. </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%">Novavax is advancing development of other vaccine candidates, including its COVID19-Influenza Combination (“CIC”) vaccine candidate and additional vaccine candidates. The Company’s COVID-19 Vaccine and its other vaccine candidates incorporate the Company’s proprietary Matrix-M™ adjuvant to enhance the immune response and stimulate higher levels of functional antibodies and induce a cellular immune response.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
568500000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-545100000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-714000000 usd
CY2023Q4 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Inception To Date Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedInceptionToDatePercent
0.85
CY2023 us-gaap Severance Costs1
SeveranceCosts1
4500000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10100000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<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>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. Actual results could differ materially from those estimates.
CY2023 us-gaap Advertising Expense
AdvertisingExpense
91500000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
84000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
8900000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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><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 currently depends significantly on one supplier for co-formulation, filling, and finishing of COVID-19 Vaccine. The loss of this supplier could prevent or delay the Company’s delivery of customer orders.</span></div>
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
2700000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-6400000 usd
CY2023 us-gaap Translation Adjustment Functional To Reporting Currency Gain Loss Reclassified To Earnings Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyGainLossReclassifiedToEarningsNetOfTax
7900000 usd
CY2022 us-gaap Translation Adjustment Functional To Reporting Currency Gain Loss Reclassified To Earnings Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyGainLossReclassifiedToEarningsNetOfTax
-2500000 usd
CY2021 us-gaap Translation Adjustment Functional To Reporting Currency Gain Loss Reclassified To Earnings Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyGainLossReclassifiedToEarningsNetOfTax
-5300000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
286400000 usd
CY2022Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
53800000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
10800000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
28600000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
96210000 usd
CY2023 nvax Accounts Receivable Before Allowance For Credit Loss Additions
AccountsReceivableBeforeAllowanceForCreditLossAdditions
1472768000 usd
CY2023 nvax Accounts Receivable Before Allowance For Credit Loss Deductions
AccountsReceivableBeforeAllowanceForCreditLossDeductions
1264062000 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
304916000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
454993000 usd
CY2022 nvax Accounts Receivable Before Allowance For Credit Loss Additions
AccountsReceivableBeforeAllowanceForCreditLossAdditions
1768457000 usd
CY2022 nvax Accounts Receivable Before Allowance For Credit Loss Deductions
AccountsReceivableBeforeAllowanceForCreditLossDeductions
2127240000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
96210000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13835000 usd
CY2023 nvax Accounts Receivable Allowance For Credit Loss Deductions
AccountsReceivableAllowanceForCreditLossDeductions
-6159000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7676000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022 nvax Accounts Receivable Allowance For Credit Loss Additions
AccountsReceivableAllowanceForCreditLossAdditions
13835000 usd
CY2022 nvax Accounts Receivable Allowance For Credit Loss Deductions
AccountsReceivableAllowanceForCreditLossDeductions
0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13835000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
549551000 usd
CY2023 nvax Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
581569000 usd
CY2023 nvax Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
267599000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
863521000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1595472000 usd
CY2022 nvax Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
46908000 usd
CY2022 nvax Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
1092829000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
549551000 usd
CY2022 nvax Accounts Receivable Allowance For Credit Loss Additions
AccountsReceivableAllowanceForCreditLossAdditions
13800000 usd
CY2023 nvax Accounts Receivable Allowance For Credit Loss Deductions
AccountsReceivableAllowanceForCreditLossDeductions
-6200000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
241300000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
400000000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1400000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
622200000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
179400000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
172500000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2000000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
13912000 usd
CY2020Q4 nvax Purchase Agreement Number Of Vaccine Doses
PurchaseAgreementNumberOfVaccineDoses
60000000 dose
CY2023 nvax Royalty Period
RoyaltyPeriod
P15Y
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
568505000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1336883000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1515116000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10424000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10303000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
11490000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
4881000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1659000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1653000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
583810000 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
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
6614000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
7392000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
21410000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
27690000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1361000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
41696000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
36683000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
72400000 usd
CY2023 us-gaap Inventory Firm Purchase Commitment Loss
InventoryFirmPurchaseCommitmentLoss
-73500000 usd
CY2023 nvax Inventory Firm Purchase Commitment Recoveries
InventoryFirmPurchaseCommitmentRecoveries
40200000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
447600000 usd
CY2022 us-gaap Inventory Firm Purchase Commitment Loss
InventoryFirmPurchaseCommitmentLoss
155900000 usd
CY2021 us-gaap Inventory Firm Purchase Commitment Loss
InventoryFirmPurchaseCommitmentLoss
0 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
368383000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 usd
CY2023 nvax Inventory Reserve Charged To Costs Of Sales
InventoryReserveChargedToCostsOfSales
72441000 usd
CY2022 nvax Inventory Reserve Charged To Costs Of Sales
InventoryReserveChargedToCostsOfSales
447597000 usd
CY2023 nvax Inventory Reserve Other Additions
InventoryReserveOtherAdditions
65049000 usd
CY2022 nvax Inventory Reserve Other Additions
InventoryReserveOtherAdditions
0 usd
CY2023 nvax Inventory Reserve Deductions
InventoryReserveDeductions
239814000 usd
CY2022 nvax Inventory Reserve Deductions
InventoryReserveDeductions
79214000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
266059000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
368383000 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022Q4 us-gaap Goodwill
Goodwill
126331000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
131479000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1123000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-5148000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
127454000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
126331000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24985000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
36384000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
160233000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
69857000 usd
CY2023Q4 nvax Lease Right Of Use Asset
LeaseRightOfUseAsset
185218000 usd
CY2022Q4 nvax Lease Right Of Use Asset
LeaseRightOfUseAsset
106241000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22977000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16867000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
5142000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
27196000 usd
CY2023Q4 nvax Lease Liability Current
LeaseLiabilityCurrent
28119000 usd
CY2022Q4 nvax Lease Liability Current
LeaseLiabilityCurrent
44063000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
28577000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
50085000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
55923000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31238000 usd
CY2023Q4 nvax Lease Liability Noncurrent
LeaseLiabilityNoncurrent
84500000 usd
CY2022Q4 nvax Lease Liability Noncurrent
LeaseLiabilityNoncurrent
81323000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P11Y7M6D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.089
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
6929000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
6903000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
37027000 usd
CY2023 nvax Short Term Lease Cost Benefit
ShortTermLeaseCostBenefit
-48009000 usd
CY2022 nvax Short Term Lease Cost Benefit
ShortTermLeaseCostBenefit
94726000 usd
CY2021 nvax Short Term Lease Cost Benefit
ShortTermLeaseCostBenefit
468210000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
10292000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
6836000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
116435000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
12876000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7759000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
112528000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2605000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1472000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7241000 usd
CY2023 us-gaap Lease Cost
LeaseCost
15481000 usd
CY2022 us-gaap Lease Cost
LeaseCost
9231000 usd
CY2021 us-gaap Lease Cost
LeaseCost
119769000 usd
CY2023 nvax Short Term Lease Cost Benefit
ShortTermLeaseCostBenefit
-48000000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
101297000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
190158000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
203991000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2605000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1472000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7241000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
27345000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
93595000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
127907000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30675000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
66682000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
103299000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
73240000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
112528000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
34353000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17192000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13616000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
14000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
14375000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
67296000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
160832000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
48213000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
112619000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
0 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
119000 usd
CY2023Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
0 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
324881000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7234000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8784000 usd
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
168016000 usd
CY2022Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
166466000 usd
CY2023 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
9779000 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12542000 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12188000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1689000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1497000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1424000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
11468000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
14039000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
13612000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
85357000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
130300000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
183626000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
500000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1700000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
81400000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
21000000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
454000000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
100000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y10M24D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M24D
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.04
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7000000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6000000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3400000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
22853000 usd
CY2023Q4 us-gaap Supplies
Supplies
70297000 usd
CY2022Q4 us-gaap Supplies
Supplies
160773000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
155726000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
76374000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
226023000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
237147000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
380739000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
341539000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
74968000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47292000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
305771000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
294247000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
41000000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29000000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13000000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55952000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
52569000 usd
CY2023Q4 nvax Accrued Gross To Net Deductions Current
AccruedGrossToNetDeductionsCurrent
20616000 usd
CY2022Q4 nvax Accrued Gross To Net Deductions Current
AccruedGrossToNetDeductionsCurrent
0 usd
CY2023Q4 nvax U.S.Product Sales Returns Accrual
U.S.ProductSalesReturnsAccrual
82506000 usd
CY2022Q4 nvax U.S.Product Sales Returns Accrual
U.S.ProductSalesReturnsAccrual
0 usd
CY2023Q4 nvax Research And Development Accruals Current
ResearchAndDevelopmentAccrualsCurrent
131027000 usd
CY2022Q4 nvax Research And Development Accruals Current
ResearchAndDevelopmentAccrualsCurrent
468214000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
104567000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
70375000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
394668000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
591158000 usd
CY2023Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
142165000 usd
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
210362000 usd
CY2023Q4 nvax Other Current Liability Related To Advance Purchase Agreements
OtherCurrentLiabilityRelatedToAdvancePurchaseAgreements
696390000 usd
CY2022Q4 nvax Other Current Liability Related To Advance Purchase Agreements
OtherCurrentLiabilityRelatedToAdvancePurchaseAgreements
697384000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
22309000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
861408000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
930055000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-628984000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-712183000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1633016000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
85953000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
58536000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-81520000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-543031000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-653647000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1714536000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1300000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1300000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-157000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
503000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1445000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2489000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
29215000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-12000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4292000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
29215000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2043000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2031000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4292000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29215000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.01
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.01
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.01
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.02
CY2023 nvax Effective Income Tax Rate Reconciliation Tax Expense Benefit Non Cash Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitNonCashShareBasedPaymentArrangementPercent
-0.01
CY2022 nvax Effective Income Tax Rate Reconciliation Tax Expense Benefit Non Cash Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitNonCashShareBasedPaymentArrangementPercent
-0.01
CY2021 nvax Effective Income Tax Rate Reconciliation Tax Expense Benefit Non Cash Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitNonCashShareBasedPaymentArrangementPercent
0.04
CY2023 nvax Effective Income Tax Rate Reconciliation Us Taxation Of Foreign Operations
EffectiveIncomeTaxRateReconciliationUSTaxationOfForeignOperations
-0.04
CY2022 nvax Effective Income Tax Rate Reconciliation Us Taxation Of Foreign Operations
EffectiveIncomeTaxRateReconciliationUSTaxationOfForeignOperations
-0.03
CY2021 nvax Effective Income Tax Rate Reconciliation Us Taxation Of Foreign Operations
EffectiveIncomeTaxRateReconciliationUSTaxationOfForeignOperations
0
CY2023 nvax Effective Income Tax Rate Reconciliation Cancellation Of Indebtedness Percent
EffectiveIncomeTaxRateReconciliationCancellationOfIndebtednessPercent
-0.01
CY2022 nvax Effective Income Tax Rate Reconciliation Cancellation Of Indebtedness Percent
EffectiveIncomeTaxRateReconciliationCancellationOfIndebtednessPercent
0
CY2021 nvax Effective Income Tax Rate Reconciliation Cancellation Of Indebtedness Percent
EffectiveIncomeTaxRateReconciliationCancellationOfIndebtednessPercent
-0.01
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.04
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.02
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.20
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.20
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.02
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.30
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.01
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.02
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
550272000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
479134000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
5752000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
51878000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
45560000 usd
CY2023Q4 nvax Deferred Tax Asset Leasing Liability
DeferredTaxAssetLeasingLiability
25207000 usd
CY2022Q4 nvax Deferred Tax Asset Leasing Liability
DeferredTaxAssetLeasingLiability
27625000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
266392000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
195049000 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
79386000 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
213076000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
20756000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
30727000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
27599000 usd
CY2023Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
132500000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
49309000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
18679000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
10996000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
13695000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1186793000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1056799000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1128941000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1020123000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
57852000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
36676000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
41456000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
23330000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
17160000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
11587000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1279000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1055000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
704000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
59895000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
36676000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2043000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
108800000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4800000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5194000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11154000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8766000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
271000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1260000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4158000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
807000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1228000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
8027000 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1770000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
0 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
0 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4237000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5194000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11154000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4200000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5200000 usd
CY2022Q4 us-gaap Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
2 defendant
CY2022Q4 nvax Loss Contingency Period To Answer
LossContingencyPeriodToAnswer
P14D
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
0 usd
CY2023 us-gaap Severance Costs1
SeveranceCosts1
4503000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10081000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
14584000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10100000 usd

Files In Submission

Name View Source Status
0001000694-24-000007-index-headers.html Edgar Link pending
0001000694-24-000007-index.html Edgar Link pending
0001000694-24-000007.txt Edgar Link pending
0001000694-24-000007-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image.jpg Edgar Link pending
image1a.jpg Edgar Link pending
image_01a.jpg Edgar Link pending
image_02a.jpg Edgar Link pending
image_0a.jpg Edgar Link pending
image_0b.jpg Edgar Link pending
image_1a.jpg Edgar Link pending
image_2a.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
nvax-20231231.htm Edgar Link pending
nvax-20231231.xsd Edgar Link pending
nvax-20231231xex10101.htm Edgar Link pending
nvax-20231231xex1028.htm Edgar Link pending
nvax-20231231xex1032.htm Edgar Link pending
nvax-20231231xex1033.htm Edgar Link pending
nvax-20231231xex1034.htm Edgar Link pending
nvax-20231231xex1035.htm Edgar Link pending
nvax-20231231xex1036.htm Edgar Link pending
nvax-20231231xex1037.htm Edgar Link pending
nvax-20231231xex21.htm Edgar Link pending
nvax-20231231xex231.htm Edgar Link pending
nvax-20231231xex311.htm Edgar Link pending
nvax-20231231xex312.htm Edgar Link pending
nvax-20231231xex321.htm Edgar Link pending
nvax-20231231xex322.htm Edgar Link pending
nvax-20231231xex44.htm Edgar Link pending
nvax-20231231xex97.htm Edgar Link pending
nvax-20231231_g1.jpg Edgar Link pending
nvax-20231231_g2.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
nvax-20231231_lab.xml Edgar Link unprocessable
nvax-20231231_pre.xml Edgar Link unprocessable
nvax-20231231_htm.xml Edgar Link completed
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
nvax-20231231_def.xml Edgar Link unprocessable
nvax-20231231_cal.xml Edgar Link unprocessable