2023 Q1 Form 10-K Financial Statement

#000162828023005127 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $19.00M $21.61M $164.6M
YoY Change -77.78% -85.97% -40.17%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $13.95M $12.75M $47.49M
YoY Change 23.73% 12.1% 22.28%
% of Gross Profit
Research & Development $64.38M $51.45M $199.6M
YoY Change 34.81% 0.91% 3.67%
% of Gross Profit
Depreciation & Amortization $2.245M $2.159M $8.799M
YoY Change 3.08% 2.47% 17.46%
% of Gross Profit
Operating Expenses $78.33M $64.20M $247.1M
YoY Change 32.69% 2.95% 6.79%
Operating Profit -$59.37M -$82.47M
YoY Change -324.31% -288.44%
Interest Expense -$6.000K $30.18M $28.25M
YoY Change -99.78% -268.34% -29.62%
% of Operating Profit
Other Income/Expense, Net -$1.398M $58.00K $27.97M
YoY Change -51.32% -106.71% -28.04%
Pretax Income -$60.76M -$12.46M -$54.51M
YoY Change -357.54% -117.05% -165.97%
Income Tax $0.00 -$415.0K $673.0K
% Of Pretax Income
Net Earnings -$60.76M -$12.04M -$55.18M
YoY Change -357.54% -116.48% -166.78%
Net Earnings / Revenue -319.81% -55.72% -33.52%
Basic Earnings Per Share -$1.02 -$0.93
Diluted Earnings Per Share -$1.02 -$0.20 -$0.93
COMMON SHARES
Basic Shares Outstanding 60.03M shares 59.92M 59.65M shares
Diluted Shares Outstanding 59.77M shares 59.65M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $588.0M $623.1M $623.1M
YoY Change 50.87% 86.49% 86.49%
Cash & Equivalents $72.39M $53.94M $53.94M
Short-Term Investments $515.6M $569.1M $569.1M
Other Short-Term Assets $22.09M $23.28M $23.28M
YoY Change -3.99% -2.49% -2.49%
Inventory
Prepaid Expenses
Receivables $19.86M $29.00M $29.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $630.0M $675.3M $675.3M
YoY Change 24.51% 59.14% 59.14%
LONG-TERM ASSETS
Property, Plant & Equipment $66.69M $59.18M $93.60M
YoY Change 134.72% 109.57% 56.08%
Goodwill
YoY Change
Intangibles $18.24M $18.50M
YoY Change 9.17% 12.17%
Long-Term Investments $54.21M $58.21M $58.21M
YoY Change -79.94% -82.45% -82.45%
Other Assets $599.0K $613.0K $613.0K
YoY Change -2.28% -6.13% -6.13%
Total Long-Term Assets $173.4M $170.9M $170.9M
YoY Change -50.72% -58.7% -58.7%
TOTAL ASSETS
Total Short-Term Assets $630.0M $675.3M $675.3M
Total Long-Term Assets $173.4M $170.9M $170.9M
Total Assets $803.4M $846.3M $846.3M
YoY Change -6.35% 0.96% 0.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.34M $10.09M $10.09M
YoY Change 28.86% -27.95% -27.95%
Accrued Expenses $15.14M $18.73M $23.44M
YoY Change 20.04% -3.68% 20.54%
Deferred Revenue $30.10M $30.30M
YoY Change -15.17% -18.75%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $65.06M $63.84M $63.84M
YoY Change 6.75% -9.75% -9.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $54.77M $54.93M $54.93M
YoY Change 61.29% 61.69% 61.69%
Total Long-Term Liabilities $54.77M $54.93M $54.93M
YoY Change 61.29% 61.69% 61.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.06M $63.84M $63.84M
Total Long-Term Liabilities $54.77M $54.93M $54.93M
Total Liabilities $119.8M $118.8M $118.8M
YoY Change 26.27% 13.43% 13.43%
SHAREHOLDERS EQUITY
Retained Earnings -$399.0M -$338.3M
YoY Change 53.77% 19.49%
Common Stock $605.0K $601.0K
YoY Change 1.51% 1.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $683.6M $727.5M $727.5M
YoY Change
Total Liabilities & Shareholders Equity $803.4M $846.3M $846.3M
YoY Change -6.35% 0.96% 0.96%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$60.76M -$12.04M -$55.18M
YoY Change -357.54% -116.48% -166.78%
Depreciation, Depletion And Amortization $2.245M $2.159M $8.799M
YoY Change 3.08% 2.47% 17.46%
Cash From Operating Activities -$30.61M -$24.43M $24.49M
YoY Change -626.47% -139.54% -245.29%
INVESTING ACTIVITIES
Capital Expenditures $10.78M $10.90M $38.49M
YoY Change 416.18% -263.8% 189.45%
Acquisitions
YoY Change
Other Investing Activities $59.33M $35.45M -$76.32M
YoY Change -186.29% 144.23% 152.15%
Cash From Investing Activities $48.14M $24.55M -$119.7M
YoY Change -167.09% 212.32% 158.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $922.0K 1.171M $5.702M
YoY Change 26.13% -96.41% -86.75%
NET CHANGE
Cash From Operating Activities -$30.61M -24.43M $24.49M
Cash From Investing Activities $48.14M 24.55M -$119.7M
Cash From Financing Activities $922.0K 1.171M $5.702M
Net Change In Cash $18.45M 1.288M -$89.54M
YoY Change -128.29% -98.74% 346.26%
FREE CASH FLOW
Cash From Operating Activities -$30.61M -$24.43M $24.49M
Capital Expenditures $10.78M $10.90M $38.49M
Free Cash Flow -$41.40M -$35.33M -$14.01M
YoY Change -1211.03% -151.62% -53.54%

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GainLossOnDispositionOfAssets1
-462000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-55181000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
82631000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-69333000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8799000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7491000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5794000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-127000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-3160000 usd
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
272000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
48913000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
36975000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
31619000 usd
CY2022 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
1510000 usd
CY2021 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
934000 usd
CY2020 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
535000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-145000 usd
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-4000 usd
CY2022 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
0 usd
CY2021 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
0 usd
CY2020 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
153000 usd
CY2022 xncr Noncash Consideration Received From Revenue Contracts
NoncashConsiderationReceivedFromRevenueContracts
5397000 usd
CY2021 xncr Noncash Consideration Received From Revenue Contracts
NoncashConsiderationReceivedFromRevenueContracts
22379000 usd
CY2020 xncr Noncash Consideration Received From Revenue Contracts
NoncashConsiderationReceivedFromRevenueContracts
26660000 usd
CY2022 xncr Equity Received In Connection With Sale Of Financial Assets
EquityReceivedInConnectionWithSaleOfFinancialAssets
0 usd
CY2021 xncr Equity Received In Connection With Sale Of Financial Assets
EquityReceivedInConnectionWithSaleOfFinancialAssets
3300000 usd
CY2020 xncr Equity Received In Connection With Sale Of Financial Assets
EquityReceivedInConnectionWithSaleOfFinancialAssets
0 usd
CY2022 xncr Cash Redemption Of Equity Received In Connection With Agreement
CashRedemptionOfEquityReceivedInConnectionWithAgreement
0 usd
CY2021 xncr Cash Redemption Of Equity Received In Connection With Agreement
CashRedemptionOfEquityReceivedInConnectionWithAgreement
0 usd
CY2020 xncr Cash Redemption Of Equity Received In Connection With Agreement
CashRedemptionOfEquityReceivedInConnectionWithAgreement
5390000 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
23434000 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
20988000 usd
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
105000 usd
CY2022 xncr Equity Securities Impairment
EquitySecuritiesImpairment
138000 usd
CY2021 xncr Equity Securities Impairment
EquitySecuritiesImpairment
762000 usd
CY2020 xncr Equity Securities Impairment
EquitySecuritiesImpairment
0 usd
CY2022 xncr Increase Decrease In Accounts And Other Receivables And Contract With Customer Assets
IncreaseDecreaseInAccountsAndOtherReceivablesAndContractWithCustomerAssets
-37387000 usd
CY2021 xncr Increase Decrease In Accounts And Other Receivables And Contract With Customer Assets
IncreaseDecreaseInAccountsAndOtherReceivablesAndContractWithCustomerAssets
54941000 usd
CY2020 xncr Increase Decrease In Accounts And Other Receivables And Contract With Customer Assets
IncreaseDecreaseInAccountsAndOtherReceivablesAndContractWithCustomerAssets
-10131000 usd
CY2022 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
530000 usd
CY2021 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-655000 usd
CY2020 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-1190000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-634000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
13151000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4170000 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 usd
CY2021 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 usd
CY2020 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-895000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-12059000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
12401000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3913000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5047000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1235000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-715000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1840000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8608000 usd
CY2022 xncr Increase Decrease In Lease Liabilities And Right Of Use Assets
IncreaseDecreaseInLeaseLiabilitiesAndRightOfUseAssets
22976000 usd
CY2021 xncr Increase Decrease In Lease Liabilities And Right Of Use Assets
IncreaseDecreaseInLeaseLiabilitiesAndRightOfUseAssets
1211000 usd
CY2020 xncr Increase Decrease In Lease Liabilities And Right Of Use Assets
IncreaseDecreaseInLeaseLiabilitiesAndRightOfUseAssets
-325000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6974000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-55321000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
45484000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24485000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16853000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5004000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
306607000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
485152000 usd
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
757617000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19000 usd
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
387928000 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
509597000 usd
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
643658000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4910000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2682000 usd
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3229000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38494000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13299000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10539000 usd
CY2022 xncr Payments Conversion Of Notes Receivable
PaymentsConversionOfNotesReceivable
-5000000 usd
CY2021 xncr Payments Conversion Of Notes Receivable
PaymentsConversionOfNotesReceivable
5000000 usd
CY2020 xncr Payments Conversion Of Notes Receivable
PaymentsConversionOfNotesReceivable
0 usd
CY2022 xncr Exercise Of Stock Options Investing Activity
ExerciseOfStockOptionsInvestingActivity
0 usd
CY2021 xncr Exercise Of Stock Options Investing Activity
ExerciseOfStockOptionsInvestingActivity
842000 usd
CY2020 xncr Exercise Of Stock Options Investing Activity
ExerciseOfStockOptionsInvestingActivity
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-119725000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46249000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
100192000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3610000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
12281000 usd
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
16617000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2092000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1837000 usd
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1427000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
28920000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5702000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43038000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18044000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-89538000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20064000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
113232000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143480000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163544000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50312000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53942000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143480000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163544000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
13000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
14000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
15000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
700000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-5442000 usd
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-1584000 usd
CY2020 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-1087000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6155000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
24047000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3127000 usd
CY2022 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-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, other comprehensive gain (loss) and the related disclosures. On an ongoing basis, management evaluates its estimates, including estimates related to its accrued clinical trial and manufacturing development expenses, stock-based compensation expense, evaluation of intangible assets, investments, leases and other assets for evidence of impairment, fair value measurements, and contingencies. Significant estimates in these financial statements include estimates made for royalty revenue, accrued research and development expenses, stock-based compensation expenses, intangible assets, incremental borrowing rate for right-of-use asset and lease liability, estimated standalone selling price of performance obligations, estimated time for completing delivery of performance obligations under certain arrangements, the likelihood of recognizing variable consideration, the carrying value of equity instruments without a readily determinable fair value, and recoverability of deferred tax assets.</span></div>
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30300000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
37300000 usd
CY2021 xncr Marketable Securities Impairment Losses And Recoveries
MarketableSecuritiesImpairmentLossesAndRecoveries
0 usd
CY2022 xncr Marketable Securities Impairment Losses And Recoveries
MarketableSecuritiesImpairmentLossesAndRecoveries
0 usd
CY2022Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
1300000 usd
CY2021Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
800000 usd
CY2022 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-5400000 usd
CY2021 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-1600000 usd
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
100000 usd
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
800000 usd
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
23400000 usd
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
39300000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash, cash equivalents, and marketable debt securities are financial instruments that potentially subject the Company to concentrations of risk. We invest our cash in corporate debt securities and U.S. sponsored agencies with strong credit ratings. We have established guidelines relative to diversification and maturities that are designed to help ensure safety and liquidity. These guidelines are periodically reviewed to take advantage of trends in yields and interest rates.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents are maintained at financial institutions, and at times, balances may exceed federally insured limits. We have never experienced any losses related to these balances. Amounts on deposit in excess of federally insured limits at December 31, 2022 and 2021 approximated </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$53.6 million</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and $143.2 million, respectively.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have payables with</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> two </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">service providers that represent </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45%</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of our total payables and with four service providers that represented 64% of our total payables at December 31, 2022 and 2021, respectively. We rely on </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">five</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> critical suppliers for the manufacture of our drug product for use in our clinical trials. While we believe that there are alternative vendors available, a change in manufacturing vendors could cause a delay in the availability of drug product and result in a delay of conducting and completing our clinical trials. No other vendor accounted for more than 10% of total payables at December 31, 2022 or 2021.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have receivables with </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">four</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> service providers that represent </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">91% </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of our total receivables and with two service providers that represent 84% of our total receivables at December 31, 2022 and 2021, respectively. The receivables are related to royalty revenues from our licensing and collaboration agreements. No other customer accounted for more than 10% of total receivables at December 31, 2022 or 2021.</span></div>
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
53600000 usd
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
143200000 usd
CY2022 xncr Number Of Primary Criteria To Determine Capitalization Of Patent
NumberOfPrimaryCriteriaToDetermineCapitalizationOfPatent
3 criteria
CY2022 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
1500000 usd
CY2021 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
900000 usd
CY2020 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
500000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
28170000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
24925000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18500000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
16493000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1165000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1123000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1110000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1097000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1096000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3181000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8772000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48900000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37000000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31600000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-55181000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
82631000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-69333000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59652461 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58379641 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57212737 shares
CY2022 us-gaap Earnings Per Share Basic
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-0.93
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xncr-20221231xexx1040.htm Edgar Link pending
xncr-20221231xexx1042.htm Edgar Link pending
xncr-20221231xexx1043.htm Edgar Link pending
xncr-20221231xexx231.htm Edgar Link pending
xncr-20221231xexx311.htm Edgar Link pending
xncr-20221231xexx312.htm Edgar Link pending
xncr-20221231xexx32.htm Edgar Link pending
xncr-20221231xexx321.htm Edgar Link pending
xncr-20221231xexx322.htm Edgar Link pending
xncr-20221231_g1.jpg Edgar Link pending
xncr-20221231_cal.xml Edgar Link unprocessable
xncr-20221231_def.xml Edgar Link unprocessable
xncr-20221231_lab.xml Edgar Link unprocessable
xncr-20221231_pre.xml Edgar Link unprocessable
xncr-20221231_htm.xml Edgar Link completed