AGENUS INC AGEN Balance Sheet

Agenus inc (AGEN)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Cash and cash equivalents
92,284	61,808	93,274	121,717	158,306	53,054	46,169	43,163	52,347	60,186	65,075	81,829	113,863	71,448	75,438	73,397	78,330	136,702	184,138	124,664	79,304	25,714	38,386	48,270	73,491	27,351	30,204	13,444	17,213	21,468	24,757	25,456	24,585	10,747	14,731	12,016	19,781
Short-term investments
-	-	-	-	-	-	-	-	-	-	4,975	14,936	9,960	4,988	19,960	49,895	69,899	34,964	14,993	14,977	0	14,509	14,521	14,545	-	0	-	-	-	-	-	-	0	-	0	0	0
Inventories
-	-	55	55	55	55	55	55	62	79	80	87	87	88	88	88	88	88	88	88	88	95	95	95	-	0	3	4	16	16	16	18	18	20	26	26	26
Accounts receivable
2,643	16,293	2,328	2,205	796	938	6,068	10,919	1,128	1,134	2,191	3,943	6,774	11,352	10,284	9,417	10,224	9,800	7,331	4,111	2,533	463	0	0	0	1	1	202	163	552	369	92	58	0	0	0	35
Prepaid expenses
6,929	7,420	10,441	13,552	18,115	19,265	14,530	12,916	11,056	11,070	10,784	8,943	6,628	2,596	3,029	2,763	2,780	1,956	1,953	1,823	2,480	1,247	1,429	1,131	1,324	658	655	738	887	545	631	691	804	536	771	830	704
Other current assets
918	1,015	1,088	1,409	1,851	1,496	811	649	597	1,081	1,236	950	634	838	725	506	289	582	437	618	747	639	785	2,988	443	162	11	56	64	32	15	218	485	699	455	422	306
Total current assets
102,774	86,536	107,186	138,938	179,123	74,808	67,635	67,704	65,193	73,553	84,343	110,690	137,950	91,312	109,526	136,068	161,612	184,095	208,943	146,283	85,153	42,670	55,218	67,032	75,259	28,174	30,876	14,446	18,346	22,614	25,790	26,476	25,952	12,004	15,985	13,295	20,854
Property, plant and equipment, net of accumulated amortization and depreciation of $43,889 and $42,861 at March 31, 2020 and December 31, 2019, respectively
28,211	26,326	25,029	25,505	25,704	25,116	25,838	26,922	27,035	26,178	25,635	25,575	25,460	25,633	23,508	18,223	16,587	15,310	7,829	6,952	5,879	5,996	5,227	4,542	4,135	2,784	2,887	2,897	2,915	2,606	2,749	3,108	3,586	4,136	4,713	5,095	6,194
Operating lease right-of-use assets
14,319	7,364	7,684	6,600	5,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
23,264	23,188	22,757	23,034	22,751	22,925	22,959	22,814	23,398	23,048	23,078	23,351	22,667	22,392	23,165	23,014	23,267	22,792	18,139	18,774	18,268	17,869	18,482	19,550	19,635	2,572	2,572	2,572	2,572	2,572	2,572	2,572	2,572	2,572	2,572	2,572	2,572
Acquired intangible assets, net of accumulated amortization of $9,923 and $9,431 at March 31, 2020 and December 31, 2019, respectively
10,047	10,504	10,853	11,416	11,806	12,338	12,827	13,280	13,974	14,406	14,929	15,590	15,907	16,364	17,218	17,723	18,388	18,759	6,490	6,894	6,815	6,773	7,182	7,811	7,997	0	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
1,440	1,417	1,298	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,282	1,282	1,282	1,282	1,423	1,423	1,282	1,270	1,204	1,204	1,206	1,216	1,520	1,250	1,274	1,303	1,334	1,455	1,299	1,299	1,111	1,111	1,094	1,094	1,097	1,268	1,285
Total assets
180,055	155,335	174,807	206,707	245,933	136,401	130,475	131,936	130,815	138,402	149,270	176,491	203,268	156,985	174,841	196,454	221,139	242,228	242,608	180,109	117,324	74,526	87,631	100,187	108,303	34,835	37,669	21,370	25,133	29,092	32,223	33,268	33,205	19,807	24,368	22,231	30,906
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT
Current portion, long-term debt
646	646	13,847	13,679	13,517	146	146	146	146	20,639	19,956	146	146	146	146	146	146	146	146	146	423	1,257	6,716	7,428	2,869	3,518	3,259	2,434	201	204	210	212	203	197	196	146	146
Current portion, liability related to sale of future royalties and milestones
52,671	45,961	38,125	34,647	29,426	27,443	23,920	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion, liability related to sale of future royalties
-	-	-	-	-	-	-	18,580	4,262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion, deferred revenue
34,222	29,174	34,230	29,540	27,240	1,814	843	946	-	4,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion, operating lease liabilities
1,506	1,347	1,311	1,244	1,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,213	-	-	-	-	-	-	-	-	-	-	-	-
Current portion, deferred revenue
-	-	-	-	-	-	-	-	1,148	-	2,228	2,645	2,610	2,610	2,610	2,629	3,156	3,829	5,967	7,776	9,586	184	1,188	2,528	3,031	1,660	1,510	1,510	1,527	1,527	994	1,238	1,534	1,542	1,550	1,539	1,540
Accounts payable
14,752	13,564	16,424	19,052	12,734	13,624	11,146	10,233	5,407	8,086	6,719	4,571	4,817	5,428	3,267	5,022	2,512	4,488	3,091	2,662	3,972	1,710	2,259	929	1,681	834	365	421	581	634	467	632	340	807	504	340	698
Accrued liabilities
22,775	31,332	28,744	23,227	20,737	24,551	21,665	20,992	18,057	21,569	20,559	20,569	22,466	27,874	21,533	19,577	19,852	14,165	13,738	8,924	6,253	5,501	5,003	5,657	4,699	4,215	4,439	2,540	3,195	2,168	2,803	1,758	2,634	1,730	3,082	2,244	2,684
Derivative liability (Note G)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Other current liabilities
770	185	267	350	373	484	468	418	1,141	1,657	4,943	4,979	6,313	4,791	7,290	5,688	5,590	6,304	5,342	5,810	762	575	442	2,024	878	66	78	268	271	277	352	745	795	475	532	536	346
Total current liabilities
127,342	122,209	132,948	121,739	105,511	68,062	58,190	51,317	30,162	56,438	54,406	32,912	36,354	40,851	34,848	33,062	31,258	28,934	28,285	25,320	20,998	9,229	15,609	18,569	14,372	10,295	9,652	7,176	5,777	4,812	4,829	4,587	5,507	4,753	5,865	4,806	5,415
Long-term debt, net of current portion
12,584	13,380	-	-	-	13,212	13,053	12,907	12,765	142,385	123,291	138,530	134,156	130,542	126,263	122,125	118,161	114,326	110,553	-	-	4,769	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability related to sale of future royalties and milestones, net of current portion
169,256	175,408	171,973	177,031	181,497	182,817	183,322	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability related to sale of future royalties, net of current portion
-	-	-	-	-	-	-	172,997	186,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue, net of current portion
20,779	27,705	31,290	26,244	32,367	1,165	1,469	1,627	-	7,748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities, net of current portion
14,722	8,020	8,245	7,286	5,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	36,127	35,679	35,246	34,929	33,026	32,637	30,820	30,458	34,050
Other long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,281	11,078	-	0	0	5,277	5,347	6,066	6,797	19	34	48	62	75	88	100	-	0
Deferred revenue, net of current portion
-	-	-	-	-	-	-	-	1,755	-	10,720	11,192	11,692	12,344	12,997	13,636	14,200	15,065	15,498	16,370	17,243	3,009	3,055	3,101	3,147	3,193	3,571	3,949	4,418	4,800	3,965	4,104	4,196	2,078	2,460	2,842	3,612
Contingent royalty obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,647	14,800	15,279	7,582	7,360	-	18,799	19,603	19,090	-	0	-	-	-	-	-	-	-
Contingent purchase price considerations
4,459	8,843	4,218	5,999	5,786	3,038	2,917	3,097	9,389	4,373	7,684	6,500	7,365	7,561	16,962	5,987	5,266	5,608	3,747	-	-	16,420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent purchase price consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,741	3,958	-	9,885	10,854	10,630	0	-	-	-	-	-	-	-	-	-	-	-
Derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	755
Other long-term liabilities
6,496	4,190	4,088	3,101	798	2,773	2,914	3,075	3,153	3,273	4,761	4,836	4,795	4,812	4,809	4,765	7,799	7,566	7,547	7,558	2,986	2,800	2,628	2,669	2,654	1,679	1,652	1,620	1,472	1,365	1,290	945	1,031	1,080	1,192	1,275	1,780
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0
CONVERTIBLE PREFERRED STOCK
STOCKHOLDERS’ DEFICIT
Common stock, par value $0.01 per share; 400,000,000 shares authorized; 163,304,257 and 137,818,068 shares issued at March 31, 2020 and December 31, 2019, respectively
1,633	1,378	1,374	1,373	1,342	1,200	1,183	1,111	1,032	1,017	997	996	987	877	871	869	865	863	846	842	708	627	626	626	622	363	352	286	253	246	246	239	227	215	213	1,143	186
Additional paid-in capital
1,132,209	1,059,583	1,055,159	1,051,942	1,043,575	1,005,183	999,580	984,189	960,046	951,811	940,907	938,412	933,222	866,854	858,854	856,107	856,067	851,103	841,041	837,463	756,804	715,667	714,728	714,088	711,625	644,571	640,409	618,770	596,661	595,917	594,920	590,995	584,811	581,392	585,714	578,168	569,849
Treasury stock, at cost; 3,067 shares at June 30, 2016
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-	-	-	-	-	-	0	0	0	324	-324	-324	-324	324	324	324	324	324	324	324	324
Accumulated other comprehensive loss
-97	-1,324	-1,282	-1,079	-2,221	-1,539	-1,615	-1,577	-2,706	-2,169	-2,058	-2,289	-1,661	-1,529	-1,559	-1,658	-1,514	-2,053	-1,331	-658	-1,206	-1,970	-1,157	135	-	0	-	-	-	-	-	-	-	-	-	-	-
Accumulated deficit
-1,329,667	-1,284,993	-1,254,938	-1,209,464	-1,158,830	-1,177,311	-1,129,556	-1,096,430	-1,071,759	-1,026,475	-991,441	-954,599	-923,643	-905,329	-879,206	-838,428	-810,965	-779,187	-763,580	-750,458	-710,047	-691,306	-665,328	-657,218	-649,177	-649,092	-643,314	-635,996	-624,854	-619,019	-613,579	-607,849	-600,926	-607,694	-601,674	-596,139	-584,418
Cumulative translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,580	5,580	5,580	5,580	5,580	5,580	-	-	0
Total stockholders’ deficit attributable to Agenus Inc.
-195,922	-225,356	-199,687	-157,228	-116,134	-172,467	-130,407	-112,707	-113,386	-75,815	-51,594	-17,480	8,904	-39,126	-21,039	16,877	44,452	70,727	76,976	87,190	46,259	23,018	48,870	57,632	63,285	-4,480	-2,876	-17,263	-22,684	-17,600	-13,156	-11,359	-10,631	-20,830	-16,070	-17,152	-14,707
Non-controlling interest
-6,578	-5,981	-5,185	-4,382	-3,149	-2,078	-984	-379	152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders’ deficit
-202,500	-231,337	-204,872	-161,610	-119,283	-174,545	-131,392	-113,086	-113,233	-75,815	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities, convertible preferred stock and stockholders’ deficit
180,055	155,335	174,807	206,707	245,933	136,401	130,475	131,936	130,815	138,402	149,270	176,491	203,268	156,985	174,841	196,454	221,139	242,228	242,608	180,109	117,324	74,526	87,631	100,187	108,303	34,835	37,669	21,370	25,133	29,092	32,223	33,268	33,205	19,807	24,368	22,231	30,906
Series C-1 Convertible Preferred Stock [Member]
Series C-1 convertible preferred stock; 12,459 shares designated, issued, and outstanding at March 31, 2020 and December 31, 2019
26,917	26,917	26,917	26,917	33,398	39,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A-1 convertible preferred stock [Member]
Series A-1 convertible preferred stock; 31,620 shares designated, issued, and outstanding at March 31, 2020 and December 31, 2019; liquidation value of $33,092 at March 31, 2020
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders’ deficit
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-