2022 Q1 Form 10-Q Financial Statement

#000177342722000023 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $27.37M $26.45M $12.38M
YoY Change 121.05% 210.47% 93.44%
% of Gross Profit
Research & Development $34.10M $29.34M $17.38M
YoY Change 96.28% 92.29% 78.63%
% of Gross Profit
Depreciation & Amortization $108.0K $146.0K $110.0K
YoY Change -1.82% 32.73% 57.14%
% of Gross Profit
Operating Expenses $61.47M $55.80M $29.76M
YoY Change 106.58% 134.63% 84.48%
Operating Profit -$61.47M -$29.76M
YoY Change 106.58% 84.48%
Interest Expense -$139.0K -$220.0K -$30.00K
YoY Change 363.33% -833.33% -103.57%
% of Operating Profit
Other Income/Expense, Net $5.000K -$56.00K $230.0K
YoY Change -97.83% -286.67% -75.43%
Pretax Income -$61.80M -$56.07M -$29.79M
YoY Change 107.46% -597.53% 94.83%
Income Tax
% Of Pretax Income
Net Earnings -$61.80M -$56.07M -$29.79M
YoY Change 107.48% -597.53% 94.76%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.263M -$1.150M -$617.7K
COMMON SHARES
Basic Shares Outstanding 48.94M shares 49.25M shares 48.23M shares
Diluted Shares Outstanding 48.94M shares 48.23M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $348.3M $373.5M $477.4M
YoY Change -27.05% -26.55% 53.46%
Cash & Equivalents $81.93M $104.0M $95.43M
Short-Term Investments $266.3M $269.5M $382.0M
Other Short-Term Assets $7.680M $9.409M $4.100M
YoY Change 87.32% 92.02% 57.69%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $356.0M $382.9M $481.5M
YoY Change -26.08% -25.42% 53.54%
LONG-TERM ASSETS
Property, Plant & Equipment $6.035M $3.187M $1.024M
YoY Change 489.36% 196.47% 13.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.546M $2.883M $3.610M
YoY Change -29.47% -25.52% 301.11%
Other Assets $2.627M $2.709M $2.547M
YoY Change 3.14% 35.31% 27.35%
Total Long-Term Assets $49.63M $69.58M $73.07M
YoY Change -32.08% 10.81% 1823.0%
TOTAL ASSETS
Total Short-Term Assets $356.0M $382.9M $481.5M
Total Long-Term Assets $49.63M $69.58M $73.07M
Total Assets $405.6M $452.5M $554.6M
YoY Change -26.87% -21.47% 74.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.654M $3.429M $2.229M
YoY Change -25.8% 154.0% 39.31%
Accrued Expenses $21.26M $25.38M $15.26M
YoY Change 39.34% 70.49% 131.15%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $327.0K $1.162M $1.200M
YoY Change -72.75% -17.0%
Total Short-Term Liabilities $23.24M $29.97M $18.73M
YoY Change 24.07% 70.18% 117.78%
LONG-TERM LIABILITIES
Long-Term Debt $5.538M $129.0K $1.000M
YoY Change 453.8% -90.79%
Other Long-Term Liabilities $5.500M $0.00 $131.0K
YoY Change 4098.47% -100.0% -81.29%
Total Long-Term Liabilities $5.538M $0.00 $131.0K
YoY Change 4127.48% -100.0% -81.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.24M $29.97M $18.73M
Total Long-Term Liabilities $5.538M $0.00 $131.0K
Total Liabilities $28.78M $30.10M $19.89M
YoY Change 44.67% 57.31% 113.88%
SHAREHOLDERS EQUITY
Retained Earnings -$354.3M -$292.5M -$148.4M
YoY Change 138.75% 146.63%
Common Stock $5.000K $5.000K $5.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $906.0K $0.00
YoY Change
Treasury Stock Shares 16.21K shares 0.000 shares
Shareholders Equity $376.8M $422.4M $534.7M
YoY Change
Total Liabilities & Shareholders Equity $405.6M $452.5M $554.6M
YoY Change -26.87% -21.47% 74.73%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$61.80M -$56.07M -$29.79M
YoY Change 107.48% -597.53% 94.76%
Depreciation, Depletion And Amortization $108.0K $146.0K $110.0K
YoY Change -1.82% 32.73% 57.14%
Cash From Operating Activities -$48.69M -$46.32M -$21.10M
YoY Change 130.71% -407.34% 28.7%
INVESTING ACTIVITIES
Capital Expenditures $2.387M -$1.504M $45.00K
YoY Change 5204.44% 2908.0% -71.88%
Acquisitions
YoY Change
Other Investing Activities $28.81M $57.69M -$30.87M
YoY Change -193.33% -125.9%
Cash From Investing Activities $26.42M $56.18M -$30.92M
YoY Change -185.46% -125.22% 19223.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $261.0K 244.0K $359.0K
YoY Change -27.3% -99.91% 5883.33%
NET CHANGE
Cash From Operating Activities -$48.69M -46.32M -$21.10M
Cash From Investing Activities $26.42M 56.18M -$30.92M
Cash From Financing Activities $261.0K 244.0K $359.0K
Net Change In Cash -$22.00M 10.11M -$51.66M
YoY Change -57.41% -83.77% 212.13%
FREE CASH FLOW
Cash From Operating Activities -$48.69M -$46.32M -$21.10M
Capital Expenditures $2.387M -$1.504M $45.00K
Free Cash Flow -$51.08M -$44.81M -$21.15M
YoY Change 141.5% -396.38% 27.73%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001773427
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-39044
CY2022Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001 per share
CY2022Q1 dei Trading Symbol
TradingSymbol
SWTX
CY2022Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
SPRINGWORKS THERAPEUTICS, INC.
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
83-4066827
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
100 Washington Blvd
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Stamford
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06902
CY2022Q1 dei City Area Code
CityAreaCode
203
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
883-9490
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49413760 shares
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
81933000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103961000 USD
CY2022Q1 us-gaap Marketable Securities
MarketableSecurities
266338000 USD
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
269540000 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
7680000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
9409000 USD
CY2022Q1 us-gaap Assets Current
AssetsCurrent
355951000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
382910000 USD
CY2022Q1 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
32475000 USD
CY2021Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
59230000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6035000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3187000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5356000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1010000 USD
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
2546000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2883000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
590000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
565000 USD
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2627000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2709000 USD
CY2022Q1 us-gaap Assets
Assets
405580000 USD
CY2021Q4 us-gaap Assets
Assets
452494000 USD
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1654000 USD
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3429000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21257000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25378000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
327000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1162000 USD
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
23238000 USD
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
29969000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5538000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
129000 USD
CY2022Q1 us-gaap Liabilities
Liabilities
28776000 USD
CY2021Q4 us-gaap Liabilities
Liabilities
30098000 USD
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49423827 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49247985 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49407617 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49247985 shares
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
5000 USD
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
5000 USD
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
733477000 USD
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
715216000 USD
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-354314000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-292513000 USD
CY2022Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
16210 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2022Q1 us-gaap Treasury Stock Value
TreasuryStockValue
906000 USD
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1458000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-312000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
376804000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
422396000 USD
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
405580000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
452494000 USD
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
34103000 USD
CY2021Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17375000 USD
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27366000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12381000 USD
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
61469000 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
29756000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-61469000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-29756000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-193000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000 USD
CY2022Q1 us-gaap Investment Income Net
InvestmentIncomeNet
198000 USD
CY2021Q1 us-gaap Investment Income Net
InvestmentIncomeNet
227000 USD
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5000 USD
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
230000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-337000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-261000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-61801000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-29787000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.26
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.26
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.62
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.62
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48937756 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48937756 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48229539 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48229539 shares
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-61801000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-29787000 USD
CY2022Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1146000 USD
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
12000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1146000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-62947000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29775000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
557058000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7055000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
359000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-29787000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
534697000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
422396000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17094000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1167000 USD
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
906000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1146000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-61801000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
376804000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-61801000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-29787000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
108000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
110000 USD
CY2022Q1 swtx Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
272000 USD
CY2021Q1 swtx Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
257000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
17094000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7055000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-337000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-261000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1729000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-697000 USD
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-82000 USD
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
545000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1770000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
879000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4695000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
357000 USD
CY2022Q1 swtx Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-44000 USD
CY2021Q1 swtx Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-355000 USD
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-33000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-48688000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21104000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2387000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45000 USD
CY2022Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
23242000 USD
CY2021Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
86373000 USD
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
52053000 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
55500000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
26424000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30918000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
906000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1167000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
359000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
261000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
359000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-22003000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-51663000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104526000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
147654000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82523000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95991000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5580000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SpringWorks Therapeutics, Inc., together with its wholly-owned subsidiaries, collectively, the Company, is a clinical-stage biopharmaceutical company applying a precision medicine approach to acquiring, developing and commercializing life-changing medicines for underserved patient populations suffering from devastating rare diseases and cancer. The Company has a differentiated portfolio of small molecule targeted oncology product candidates and is advancing two potentially registrational clinical trials in rare tumor types, as well as several other programs addressing highly prevalent, genetically defined cancers. Two of the programs are late-stage clinical product candidates: nirogacestat and mirdametinib.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has incurred losses and negative operating cash flows since inception and had an accumulated deficit of $354.3 million and $292.5 million, and working capital of $332.7 million and $352.9 million, as of March 31, 2022 and December 31, 2021, respectively. The Company is subject to those risks associated with any biopharmaceutical company that has substantial expenditures for development. There can be no assurance that the Company’s development projects will be successful, that products developed will obtain necessary regulatory approval, or that any approved product will be commercially viable. In addition, the Company operates in an environment of rapid technological change and is largely dependent on the services of its employees, advisors, consultants and vendors.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company had cash, cash equivalents and marketable securities of $380.7 million and $432.7 million as of March 31, 2022 and December 31, 2021, respectively. Based on the Company's cash, cash equivalents and marketable securities as of March 31, 2022, management estimates that its current liquidity will enable it to meet operating expenses through at least twelve months after the date that these financial statements are issued.</span></div><div style="margin-bottom:12pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">COVID-19 Pandemic</span></div><div style="margin-bottom:12pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On March 11, 2020, the World Health Organization designated the outbreak of the disease associated with the novel strain of coronavirus known as COVID-19 as a global pandemic. This disease continues to spread, including recent acceleration of the spread of the Delta and Omicron variants of COVID-19 in the areas in which the Company operates. Governments and businesses around the world have taken unprecedented actions to mitigate the spread of COVID-19, including, but not limited to, shelter-in-place orders, quarantines, significant restrictions on travel, as well as restrictions that prohibit many employees from going to work. Uncertainty with respect to the economic impacts of the pandemic has introduced significant volatility in the financial markets. The global pandemic caused by COVID-19 (including the impact of emerging variant strains of the COVID-19 virus and stagnant vaccination rates) did not have significant impacts on the Company's financial condition, results of operations or cash flows during the periods presented. While the extent to which the ongoing COVID-19 pandemic impacts the Company’s future results will depend on future developments, the pandemic and associated impacts, including the duration, spread and intensity of the pandemic (including any resurgences), the impact of emerging variant strains of the COVID-19 virus and the rollout of COVID-19 vaccines, all of which remain uncertain and difficult to predict, could result in a material impact to the Company’s future financial condition, results of operations and cash flows.</span></div>
CY2022Q1 swtx Number Of Clinical Trials
NumberOfClinicalTrials
2 trial
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-354300000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-292500000 USD
CY2022Q1 swtx Working Capital
WorkingCapital
332700000 USD
CY2021Q4 swtx Working Capital
WorkingCapital
352900000 USD
CY2022Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
380700000 USD
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
432700000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
257000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, research and development expenses and the valuation of stock-based compensation awards. Management bases its estimates on historical experience, known trends and other market-specific or relevant factors that it believes to be reasonable under the circumstances. </span></div>Actual results may differ from those estimates or assumptions. On an ongoing basis, management evaluates its estimates, and adjusts those estimates and assumptions when facts or circumstances change. Changes in estimates are recorded in the period in which they become known.
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
311364000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1460000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
309906000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
269668000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
131000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
269540000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
975000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1108000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4528000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12081000 USD
CY2022Q1 swtx Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
12235000 USD
CY2021Q4 swtx Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
10069000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3519000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2120000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21257000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25378000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1262000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1155000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1184000 USD
CY2022Q1 swtx Lessee Operating Lease Liability Payments Due After Three Year
LesseeOperatingLeaseLiabilityPaymentsDueAfterThreeYear
2881000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6739000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
874000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5865000 USD
CY2022Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17094000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7055000 USD
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8690989 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6378341 shares

Files In Submission

Name View Source Status
0001773427-22-000023-index-headers.html Edgar Link pending
0001773427-22-000023-index.html Edgar Link pending
0001773427-22-000023.txt Edgar Link pending
0001773427-22-000023-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image_0.jpg Edgar Link pending
image_0a.jpg Edgar Link pending
MetaLinks.json 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
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
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
springworks-retentionbonus.htm Edgar Link pending
springworks-retentionbonusa.htm Edgar Link pending
stamfordsecondleasemodif.htm Edgar Link pending
stamfordsecondleasemodif001.jpg Edgar Link pending
stamfordsecondleasemodif002.jpg Edgar Link pending
stamfordsecondleasemodif003.jpg Edgar Link pending
stamfordsecondleasemodif004.jpg Edgar Link pending
stamfordsecondleasemodif005.jpg Edgar Link pending
stamfordsecondleasemodif006.jpg Edgar Link pending
stamfordsecondleasemodif007.jpg Edgar Link pending
stamfordsecondleasemodif008.jpg Edgar Link pending
stamfordsecondleasemodif009.jpg Edgar Link pending
stamfordsecondleasemodif010.jpg Edgar Link pending
swtx-20210331xex322.htm Edgar Link pending
swtx-20220331.htm Edgar Link pending
swtx-20220331.xsd Edgar Link pending
swtx-20220331xex311.htm Edgar Link pending
swtx-20220331xex312.htm Edgar Link pending
swtx-20220331xex321.htm Edgar Link pending
swtx-20220331_cal.xml Edgar Link unprocessable
swtx-20220331_def.xml Edgar Link unprocessable
swtx-20220331_htm.xml Edgar Link completed
swtx-20220331_lab.xml Edgar Link unprocessable
swtx-20220331_pre.xml Edgar Link unprocessable