10-Q Filing

KINIKSA PHARMACEUTICALS INTERNATIONAL, PLC CIK: 1730430 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-007381`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	knsa-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 33 Cash Flow Statement 51 Stockholders Equity 16

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.32M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$59.73M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$82.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.98M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.44M	USD	Point-in-time
Inventory	`InventoryNet`	$3.67M	USD	Point-in-time
Inventory	`InventoryNet`	$13.22M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$198.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$196.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.83M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.48M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.55M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.82M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.92M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$8.72M	USD	Point-in-time
Intangible asset, net	`FiniteLivedIntangibleAssetsNet`	$19.25M	USD	Point-in-time
Intangible asset, net	`FiniteLivedIntangibleAssetsNet`	$19.00M	USD	Point-in-time
Total assets	`Assets`	$230.97M	USD	Point-in-time
Total assets	`Assets`	$232.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.38M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$38.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$38.89M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.31M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.38M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.54M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.82M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.67M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.10M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$12.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$270.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$271.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$47.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$64.72M	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`	$866.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$860.48M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-103.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-66.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-700.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-675.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$185.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$270.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$166.24M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$311.94M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$230.97M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$232.80M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Product revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.19M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$28.68M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.82M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$20.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$22.22M	USD	1 Quarter
Total operating expenses	`TotalCostOfRevenueAndOperatingExpenses`	$55.51M	USD	1 Quarter
Total operating expenses	`TotalCostOfRevenueAndOperatingExpenses`	$49.28M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.28M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-23.32M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$34.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Loss before benefit (provision) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.27M	USD	1 Quarter
Loss before benefit (provision) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.29M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$210.00K	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$1.93M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.48M	USD	1 Quarter
Net loss per share attributable to common shareholders-basic	`EarningsPerShareBasic`	$-0.72	USD	1 Quarter
Net loss per share attributable to common shareholders-basic	`EarningsPerShareBasic`	$-0.36	USD	1 Quarter
Net loss per share attributable to common shareholders-diluted	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Net loss per share attributable to common shareholders-diluted	`EarningsPerShareDiluted`	$-0.72	USD	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	68.27M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.14M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.14M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.27M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-49.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.21M	USD	1 Quarter
Unrealized loss on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-37.00K	USD	1 Quarter
Unrealized loss on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$13.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-37.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-25.25M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-49.47M	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-25.21M	USD	1 Quarter
Net loss	`ProfitLoss`	$-49.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$312.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$656.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$6.03M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.13M	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$593.00K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$735.00K	USD	1 Quarter
Amortization of premiums and accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-164.00K	USD	1 Quarter
Amortization of premiums and accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-410.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.93M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-408.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$25.45M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$9.55M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$231.00K	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.75M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$72.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.51M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.08M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.08M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-421.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-643.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$12.00M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$4.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.12M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.85M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.00K	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$74.36M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$30.22M	USD	1 Quarter
Proceeds from the maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$139.25M	USD	1 Quarter
Proceeds from the maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$7.50M	USD	1 Quarter
Intangible asset acquired	`PaymentsToAcquireIntangibleAssets`	$20.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$44.83M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.72M	USD	1 Quarter
Proceeds from issuance of Class A common shares under incentive award plans and employee share purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$992.00K	USD	1 Quarter
Proceeds from issuance of Class A common shares under incentive award plans and employee share purchase plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$1.11M	USD	1 Quarter
Payments in connection with Common Stock tendered for employee tax obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$569.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$423.00K	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-59.15M	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`	$114.25M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.47M	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`	$63.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.47M	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
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.32M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$185.04M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$270.70M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$166.24M	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$311.94M	USD	Point-in-time
Issuance of Class A shares under incentive award plans and employee share purchase plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$423.00K	USD	1 Quarter
Issuance of Class A shares under incentive award plans and employee share purchase plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$1.11M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.13M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.03M	USD	1 Quarter
Unrealized loss on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-37.00K	USD	1 Quarter
Unrealized loss on short-term investments and currency translation adjustments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$13.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.21M	USD	1 Quarter
Balance at the end of the period	`StockholdersEquity`	$185.04M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$270.70M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$166.24M	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$311.94M	USD	Point-in-time

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