10-Q Filing

KINIKSA PHARMACEUTICALS INTERNATIONAL, PLC CIK: 1730430 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-006256`
Period End Date	20210331
Filing Date	20210506
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	knsa-20210331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 28 Cash Flow Statement 48 Stockholders Equity 16

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.04M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$209.44M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$144.17M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$210.00K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$210.00K	USD	Point-in-time
Inventory	`InventoryNet`	$2.19M	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$333.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$275.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.81M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.98M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$6.57M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.59M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.80M	USD	Point-in-time
Intangible asset	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Intangible asset	`FiniteLivedIntangibleAssetsNet`	$20.00M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$10.00K	USD	Point-in-time
Total assets	`Assets`	$311.16M	USD	Point-in-time
Total assets	`Assets`	$349.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$503.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$29.20M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.11M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.37M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$37.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.45M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.88M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$805.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$809.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$40.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.53M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$829.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$837.66M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-517.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-566.96M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$270.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$311.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$225.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$205.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$349.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$311.16M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$28.68M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$29.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.28M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-29.39M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.28M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$789.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Loss before (provision) benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-28.60M	USD	1 Quarter
Loss before (provision) benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.27M	USD	1 Quarter
(Provision) benefit for income taxes	`IncomeTaxExpenseBenefit`	$210.00K	USD	1 Quarter
(Provision) benefit for income taxes	`IncomeTaxExpenseBenefit`	$-2.18M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.48M	USD	1 Quarter
Net loss per share attributable to common shareholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.72	USD	1 Quarter
Net loss per share attributable to common shareholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.32M	shares	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	68.27M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-26.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.48M	USD	1 Quarter
Unrealized gain on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$207.00K	USD	1 Quarter
Unrealized gain on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$13.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$207.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-26.21M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-49.47M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-26.42M	USD	1 Quarter
Net loss	`ProfitLoss`	$-49.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$594.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$312.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.13M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$4.21M	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$593.00K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$300.00K	USD	1 Quarter
Amortization of premiums and accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-410.00K	USD	1 Quarter
Amortization of premiums and accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$228.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.04M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-408.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$598.00K	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$231.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$72.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.08M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.06M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-413.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-421.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$4.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$55.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.80M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.12M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$223.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.00K	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$26.19M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$74.36M	USD	1 Quarter
Proceeds from the maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$115.20M	USD	1 Quarter
Proceeds from the maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$139.25M	USD	1 Quarter
Intangible asset acquired	`PaymentsToAcquireIntangibleAssets`	$20.00M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$44.83M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$88.79M	USD	1 Quarter
Proceeds from issuance of common stock under incentive award plans	`ProceedsFromStockOptionsExercised`	$2.41M	USD	1 Quarter
Proceeds from issuance of common stock under incentive award plans	`ProceedsFromStockOptionsExercised`	$1.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.41M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.11M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$59.41M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.82M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.55M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.25M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.55M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.25M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$270.70M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$311.94M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$225.42M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$205.83M	USD	Point-in-time
Issuance of Class A common shares under incentive award plans	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$2.41M	USD	1 Quarter
Issuance of Class A common shares under incentive award plans	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$1.11M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.13M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.21M	USD	1 Quarter
Unrealized gain on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$207.00K	USD	1 Quarter
Unrealized gain on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$13.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.48M	USD	1 Quarter
Balance at the end of the period	`StockholdersEquity`	$270.70M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$311.94M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$225.42M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$205.83M	USD	Point-in-time

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