10-Q Filing

AGIOS PHARMACEUTICALS, INC. CIK: 1439222 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-157874`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	agio-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 19 Cash Flow Statement 54 Comprehensive Income 7

Balance Sheet 66 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`	$160.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$380.56M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$279.48M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Collaboration receivable - related party	`DueFromRelatedPartiesCurrent`	$4.89M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Collaboration receivable - related party	`DueFromRelatedPartiesCurrent`	$11.27M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Tenant improvement and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$3.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Tenant improvement and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$3.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.38M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.22M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.39M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$506.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$559.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.22M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$32.25M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$23.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.14M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.61M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.89M	USD	Point-in-time
Total assets	`Assets`	$557.32M	USD	Point-in-time
Total assets	`Assets`	$619.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.15M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$25.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$32.00M	USD	Point-in-time
Deferred revenue - related party	`DeferredRevenueCurrent`	$35.91M	USD	Point-in-time
Deferred revenue - related party	`DeferredRevenueCurrent`	$37.69M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$3.41M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$3.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$88.43M	USD	Point-in-time
Deferred revenue, net of current portion - related party	`DeferredRevenueNoncurrent`	$154.30M	USD	Point-in-time
Deferred revenue, net of current portion - related party	`DeferredRevenueNoncurrent`	$150.60M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$17.77M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$16.91M	USD	Point-in-time
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at March 31, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at March 31, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 125,000,000 shares authorized; 42,382,901 and 42,220,444 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$42.00K	USD	Point-in-time
Common stock, $0.001 par value; 125,000,000 shares authorized; 42,382,901 and 42,220,444 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$42.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$842.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$857.11M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-313.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-212.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-549.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-483.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$307.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$358.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$619.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$557.32M	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Collaboration revenue - related party	`RevenueFromRelatedParties`	$10.51M	USD	1 Quarter
Collaboration revenue - related party	`RevenueFromRelatedParties`	$31.28M	USD	1 Quarter
Research and development (net of $2,776 and $8,794 of cost reimbursement from related party for the three months ended March 31, 2017 and 2016, respectively)	`ResearchAndDevelopmentExpense`	$44.04M	USD	1 Quarter
Research and development (net of $2,776 and $8,794 of cost reimbursement from related party for the three months ended March 31, 2017 and 2016, respectively)	`ResearchAndDevelopmentExpense`	$62.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$77.56M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$54.88M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-23.59M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-67.05M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$396.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$881.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-66.17M	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.56	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.61	USD	1 Quarter
Weighted-average number of common shares used in computing net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.28M	shares	1 Quarter
Weighted-average number of common shares used in computing net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.86M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-66.17M	USD	1 Quarter
Depreciation	`Depreciation`	$1.59M	USD	1 Quarter
Depreciation	`Depreciation`	$1.25M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$10.73M	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`	$-163.00K	USD	1 Quarter
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets1`	$-40.00K	USD	1 Quarter
Collaboration receivable - related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$6.38M	USD	1 Quarter
Collaboration receivable - related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-1.41M	USD	1 Quarter
Tenant improvement and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$24.00K	USD	1 Quarter
Tenant improvement and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-2.80M	USD	1 Quarter
Prepaid expenses and other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$857.00K	USD	1 Quarter
Prepaid expenses and other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.42M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-293.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-994.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.90M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.89M	USD	1 Quarter
Deferred revenue - related party	`IncreaseDecreaseInDeferredRevenue`	$-1.92M	USD	1 Quarter
Deferred revenue - related party	`IncreaseDecreaseInDeferredRevenue`	$-5.89M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredCharges`	$801.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredCharges`	$560.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-19.01M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-74.07M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$211.16M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$26.74M	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`	$136.59M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$293.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.53M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$109.55M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.83M	USD	1 Quarter
Payment of public offering costs	`PaymentsOfStockIssuanceCosts`	$100.00K	USD	1 Quarter
Net proceeds from stock option exercises and employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.11M	USD	1 Quarter
Net proceeds from stock option exercises and employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.15M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.05M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.73M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.52M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$160.75M	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$160.75M	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
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Additions to property and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$213.00K	USD	1 Quarter
Additions to property and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$607.00K	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`	$6.00K	USD	1 Quarter
Public offering costs in other current assets	`PublicOfferingCostsInOtherCurrentAssets`	$329.00K	USD	1 Quarter

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-66.17M	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$407.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$101.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-66.06M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-22.79M	USD	1 Quarter

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