10-Q Filing

AURINIA PHARMACEUTICALS INC. CIK: 1600620 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-013439`
Period End Date	20220331
Filing Date	20220510
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	auph-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 36 Cash Flow Statement 68 Stockholders Equity 22

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Common stock, issued (shares)	`CommonStockSharesIssued`	141.60M	shares	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	141.74M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	141.60M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	141.74M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$272.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$156.59M	USD	Point-in-time
Short-term investments	`DebtSecuritiesCurrent`	$234.18M	USD	Point-in-time
Short-term investments	`DebtSecuritiesCurrent`	$286.21M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$15.41M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$20.40M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.33M	USD	Point-in-time
Inventories, net	`InventoryNet`	$26.27M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$12.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$12.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$477.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$513.32M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.84M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.84M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.33M	USD	Point-in-time
Acquired intellectual property and other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$8.40M	USD	Point-in-time
Acquired intellectual property and other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$7.88M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.38M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.23M	USD	Point-in-time
Total assets	`Assets`	$543.37M	USD	Point-in-time
Total assets	`Assets`	$506.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$34.95M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.33M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$502.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.64M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.01M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.65M	USD	Point-in-time
Deferred compensation and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$17.38M	USD	Point-in-time
Deferred compensation and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$15.95M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$7.56M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$7.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$64.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.78M	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares - no par value, unlimited shares authorized, 141,742 and 141,600 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValueOutstanding`	$1.18B	USD	Point-in-time
Common shares - no par value, unlimited shares authorized, 141,742 and 141,600 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValueOutstanding`	$1.18B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$64.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-852.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-793.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-756.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$407.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$370.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$448.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$479.09M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$506.90M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$543.37M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Unrealized gain on available-for-sale securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Unrealized gain on available-for-sale securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$21.62M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$914.00K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$48.00K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$256.00K	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$39.80M	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$45.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$9.83M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$12.62M	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$-1.43M	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$-1.77M	USD	1 Quarter
Total cost of sales and operating expenses	`CostsAndExpenses`	$51.46M	USD	1 Quarter
Total cost of sales and operating expenses	`CostsAndExpenses`	$59.51M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-50.54M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-37.88M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$262.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$172.00K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-37.62M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-50.37M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.38M	USD	1 Quarter
Unrealized (loss) gain on available-for-sale securities, net of tax of nil	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$6.00K	USD	1 Quarter
Unrealized (loss) gain on available-for-sale securities, net of tax of nil	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-766.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-50.37M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-38.40M	USD	1 Quarter
Basic loss per share (expressed in $ per share)	`EarningsPerShareBasic`	$-0.27	USD	1 Quarter
Basic loss per share (expressed in $ per share)	`EarningsPerShareBasic`	$-0.40	USD	1 Quarter
Diluted loss per share (expressed in $ per share)	`EarningsPerShareDiluted`	$-0.40	USD	1 Quarter
Diluted loss per share (expressed in $ per share)	`EarningsPerShareDiluted`	$-0.27	USD	1 Quarter
Weighted-average common shares outstanding used in computation of basic loss per share	`WeightedAverageNumberOfSharesOutstandingBasic`	127.40M	shares	1 Quarter
Weighted-average common shares outstanding used in computation of basic loss per share	`WeightedAverageNumberOfSharesOutstandingBasic`	141.68M	shares	1 Quarter
Weighted-average common shares outstanding used in computation of diluted loss per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	141.68M	shares	1 Quarter
Weighted-average common shares outstanding used in computation of diluted loss per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	127.40M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-37.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.38M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$687.00K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$688.00K	USD	1 Quarter
Amortization of intangible assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$-272.00K	USD	1 Quarter
Amortization of intangible assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$151.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.02M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.82M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$2.11M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.51M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$4.99M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$1.19M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.94M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.01M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-307.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-308.00K	USD	1 Quarter
Non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-229.00K	USD	1 Quarter
Accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.70M	USD	1 Quarter
Accounts payable, accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.10M	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$474.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-168.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.54M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.75M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$163.50M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$115.17M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$110.57M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$60.94M	USD	1 Quarter
Upfront lease payment	`PaymentsToAcquireLeaseReceivables`	-	USD	1 Quarter
Upfront lease payment	`PaymentsToAcquireLeaseReceivables`	$11.84M	USD	1 Quarter
Purchase of long-lived assets	`PaymentsToAcquireOtherProductiveAssets`	$136.00K	USD	1 Quarter
Purchase of long-lived assets	`PaymentsToAcquireOtherProductiveAssets`	$79.00K	USD	1 Quarter
Additions to internal use-software implementation costs	`PaymentsForSoftware`	-	USD	1 Quarter
Additions to internal use-software implementation costs	`PaymentsForSoftware`	$1.04M	USD	1 Quarter
Capitalized patent costs	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Capitalized patent costs	`PaymentsToAcquireIntangibleAssets`	$6.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.25M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$405.00K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$30.00K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.03M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$405.00K	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-99.36M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-115.76M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$272.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$156.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$272.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$156.59M	USD	Point-in-time
Cash received for interest	`ProceedsFromInterestReceived`	$425.00K	USD	1 Quarter
Cash received for interest	`ProceedsFromInterestReceived`	$13.00K	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`CapitalLeaseObligationsIncurred`	$63.00K	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`CapitalLeaseObligationsIncurred`	$281.00K	USD	1 Quarter
Initial recognition of operating lease right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$5.80M	USD	1 Quarter
Initial recognition of operating lease right-of-use asset	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Cash, cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.64M	USD	Point-in-time
Cash, cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.59M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$906.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.54M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$272.35M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.90M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$156.59M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	141.60M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	141.74M	shares	Point-in-time
Balance	`StockholdersEquity`	$407.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$370.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$448.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$479.09M	USD	Point-in-time
Shares issued on exercise of stock options and vesting of performance awards (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	54,000.00	shares	1 Quarter
Shares issued on exercise of stock options and vesting of performance awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.00M	USD	1 Quarter
Shares issued on exercise of stock options and vesting of performance awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$405.00K	USD	1 Quarter
Exercise of warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$31.00K	USD	1 Quarter
Shared-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.02M	USD	1 Quarter
Shared-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.82M	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossNetOfTax`	$-766.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.38M	USD	1 Quarter
Balance (in shares)	`CommonStockSharesOutstanding`	141.60M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	141.74M	shares	Point-in-time
Balance	`StockholdersEquity`	$407.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$370.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$448.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$479.09M	USD	Point-in-time

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