10-Q Filing

AGIOS PHARMACEUTICALS, INC. CIK: 1439222 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-582822`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	agio-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 20 Cash Flow Statement 53 Comprehensive Income 6

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.03M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.76M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$273.86M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$245.24M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Collaboration receivable - related party	`DueFromRelatedPartiesCurrent`	$8.22M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Collaboration receivable - related party	`DueFromRelatedPartiesCurrent`	$6.81M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Tenant improvement and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$3.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Tenant improvement and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$571.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.70M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.90M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$337.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$329.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.90M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$42.86M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$58.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$22.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$23.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$838.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$611.00K	USD	Point-in-time
Total assets	`Assets`	$420.06M	USD	Point-in-time
Total assets	`Assets`	$396.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.75M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.00M	USD	Point-in-time
Deferred revenue - related party	`DeferredRevenueCurrent`	$16.52M	USD	Point-in-time
Deferred revenue - related party	`DeferredRevenueCurrent`	$19.66M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$2.54M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$2.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.89M	USD	Point-in-time
Deferred revenue, net of current portion - related party	`DeferredRevenueNoncurrent`	$1.95M	USD	Point-in-time
Deferred revenue, net of current portion - related party	`DeferredRevenueNoncurrent`	$4.70M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$16.74M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$17.36M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 125,000,000 shares authorized; 37,899,242 and 37,696,502 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$38.00K	USD	Point-in-time
Common stock, $0.001 par value; 125,000,000 shares authorized; 37,899,242 and 37,696,502 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$38.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$640.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$630.08M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-318.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$89.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-307.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-284.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$345.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$332.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$396.12M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$420.06M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Cost reimbursement from related party	`ReimbursementOfResearchAndDevelopmentRelatedPartyCost`	$4.37M	USD	1 Quarter
Collaboration revenue - related party	`RevenueFromRelatedParties`	$34.20M	USD	1 Quarter
Collaboration revenue - related party	`RevenueFromRelatedParties`	$31.28M	USD	1 Quarter
Cost reimbursement from related party	`ReimbursementOfResearchAndDevelopmentRelatedPartyCost`	$8.79M	USD	1 Quarter
Research and development (net of $8,794 and $4,366 of cost reimbursement from related party for the three months ended March 31, 2016 and 2015, respectively)	`ResearchAndDevelopmentExpense`	$44.04M	USD	1 Quarter
Research and development (net of $8,794 and $4,366 of cost reimbursement from related party for the three months ended March 31, 2016 and 2015, respectively)	`ResearchAndDevelopmentExpense`	$32.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.84M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.95M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$54.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.40M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-23.59M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.20M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$396.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$238.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.96M	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.61	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	1 Quarter
Weighted-average number of common shares used in net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.86M	shares	1 Quarter
Weighted-average number of common shares used in net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.21M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.96M	USD	1 Quarter
Depreciation	`Depreciation`	$370.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.25M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.06M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$9.11M	USD	1 Quarter
Net amortization of premium and discounts on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-126.00K	USD	1 Quarter
Net amortization of premium and discounts on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-172.00K	USD	1 Quarter
Collaboration receivable - related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-1.41M	USD	1 Quarter
Collaboration receivable - related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$524.00K	USD	1 Quarter
Tenant improvement and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$4.57M	USD	1 Quarter
Tenant improvement and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-2.80M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$708.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$857.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.67M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-293.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.57M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.90M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredCharges`	$560.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredCharges`	$-8.22M	USD	1 Quarter
Refundable income taxes and income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.84M	USD	1 Quarter
Deferred revenue - related party	`IncreaseDecreaseInDeferredRevenue`	$-31.39M	USD	1 Quarter
Deferred revenue - related party	`IncreaseDecreaseInDeferredRevenue`	$-5.89M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-25.59M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-19.01M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$211.16M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$35.53M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$198.87M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$84.31M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.80M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.53M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$44.99M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.83M	USD	1 Quarter
Payment of public offering costs	`PaymentsOfStockIssuanceCosts`	$207.00K	USD	1 Quarter
Net proceeds from stock option exercises and employee stock purchase plan	`ProceedsFromStockOptionsExercised`	$2.03M	USD	1 Quarter
Net proceeds from stock option exercises and employee stock purchase plan	`ProceedsFromStockOptionsExercised`	$1.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.82M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.11M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.73M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.23M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.26M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.03M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$39.03M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$71.76M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.26M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.03M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$39.03M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$71.76M	USD	Point-in-time
Additions to property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$6.60M	USD	1 Quarter
Additions to property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$607.00K	USD	1 Quarter
Vesting of restricted stock	`VestingOfRestrictedStockValueIncreaseDecrease`	$2.00K	USD	1 Quarter
Proceeds from stock option exercises in other current assets	`ProceedsFromStockOptionsExercisedInOtherCurrentAssets`	$17.00K	USD	1 Quarter
Proceeds from stock option exercises in other current assets	`ProceedsFromStockOptionsExercisedInOtherCurrentAssets`	$60.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.96M	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$248.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$407.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-22.79M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.71M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.