Codexis, inc. (CDXS)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and cash equivalents

87,300

90,500

92,100

93,400

47,322

53,000

54,225

53,621

24,300

31,200

23,826

28,817

13,923

19,240

14,918

22,352

22,163

23,273

16,963

16,598

22,159

26,487

21,522

20,090

23,163

22,130

26,911

32,392

31,231

32,003

25,573

16,693

26,604

25,762

30,132

32,082

72,396

Restricted cash, current

627

661

-

-

-

0

-

-

-

-

-

-

-

-

883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial assets:
Accounts receivable

8,384

9,063

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract assets

619

1,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled Contracts Receivable

13,949

10,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing Receivable, before Allowance for Credit Loss, Total

22,952

20,189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: allowances

34

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Financial assets, net

22,918

20,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,002

3,005

3,009

5,512

12,944

13,524

24,780

34,671

26,679

27,720

19,503

14,593

-

Accounts receivable, net of allowances of $34 at December 31, 2019 and 2018

-

-

12,327

11,814

12,604

11,551

9,308

9,910

8,974

11,447

7,906

7,802

5,381

5,924

11,965

3,340

4,352

7,329

13,608

2,794

3,215

3,870

3,088

2,944

4,907

5,413

2,688

1,591

7,412

7,545

16,527

8,124

18,548

18,917

19,325

11,306

15,333

Unbilled receivables, current

-

-

2,317

2,336

1,923

1,916

-

-

-

353

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

701

371

397

720

633

589

830

1,036

1,212

1,036

849

806

1,124

825

1,076

1,155

1,021

992

678

968

992

1,395

1,943

1,963

2,045

1,487

2,101

1,332

1,686

1,302

2,760

4,201

4,814

4,488

5,240

4,187

2,817

Prepaid expenses and other current assets

2,989

2,520

1,553

1,950

1,232

1,068

2,219

1,162

1,481

984

2,443

2,965

1,314

1,238

1,264

1,055

1,239

1,245

1,092

1,034

1,266

1,255

1,652

1,618

1,730

1,567

1,935

2,280

4,095

5,395

5,169

5,144

4,063

2,345

2,837

2,380

1,646

Contract assets

-

-

1,193

0

0

35

1,868

554

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

292

1,394

2,179

-

-

-

0

-

-

-

-

-

-

-

Total current assets

114,562

114,205

109,930

110,241

63,714

68,198

68,450

66,283

35,967

45,039

35,024

40,390

21,742

27,227

30,106

27,902

28,775

32,839

32,341

21,394

27,632

33,007

28,205

26,907

34,241

35,781

36,644

43,107

57,368

59,769

74,809

68,833

80,708

79,232

77,037

64,548

92,192

Restricted cash

1,062

1,062

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Receivable, before Allowance for Credit Loss

8,384

9,063

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

1,731

1,749

1,785

1,446

1,422

1,460

1,511

1,557

1,536

1,576

1,592

1,624

783

787

787

787

786

786

711

711

711

711

711

711

911

1,111

1,511

1,511

1,511

1,511

1,511

1,511

1,511

1,512

1,466

Equity securities

-

-

0

419

484

588

652

676

697

671

1,163

1,305

1,051

1,142

1,527

1,115

1,459

1,549

1,231

1,942

712

688

1,031

1,453

1,446

795

1,067

1,017

1,939

3,623

3,578

6,062

8,867

10,348

21,020

25,769

1,650

Right-of-use assets - Operating leases, net

23,199

23,837

24,542

25,240

25,913

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets - Finance leases, net

214

268

321

384

438

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

6,647

6,282

6,241

5,312

4,535

4,759

4,531

3,883

2,620

2,815

2,810

2,969

2,752

2,155

2,301

2,403

2,756

3,109

2,821

3,155

3,499

3,995

4,374

4,853

7,396

8,446

13,809

15,520

14,792

16,650

19,892

22,073

24,001

24,176

23,321

21,611

21,452

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

281

1,125

1,968

2,812

3,655

4,499

5,342

6,186

7,029

7,873

8,716

9,560

10,403

11,247

12,090

12,934

13,777

14,636

15,526

16,442

17,372

18,301

20,158

Goodwill

3,200

3,200

3,200

3,200

3,200

3,200

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

3,241

Other non-current assets

547

178

190

207

1,013

1,051

304

414

470

302

327

303

253

259

272

283

202

310

265

275

284

294

201

205

208

306

361

363

2,701

2,237

2,228

1,316

747

972

1,120

1,153

1,141

Total assets

149,472

149,073

146,196

146,793

101,123

79,283

78,600

75,957

44,506

53,625

44,101

49,784

30,631

35,648

38,511

36,856

39,188

44,647

44,340

35,292

41,421

48,122

44,792

45,243

55,959

58,840

66,436

75,606

93,642

99,965

119,036

117,672

134,601

135,922

144,622

136,135

141,300

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

2,441

2,621

1,743

2,164

2,180

3,050

2,280

3,082

2,597

3,545

4,474

3,633

3,493

4,232

2,123

2,651

2,850

3,399

1,174

1,708

1,952

4,673

2,542

3,329

3,487

3,961

1,490

1,545

4,445

3,654

6,287

4,313

8,978

10,364

7,509

7,714

9,208

Accrued compensation

3,124

5,003

4,695

4,551

6,469

5,272

5,162

3,817

6,134

4,753

3,795

2,920

5,334

4,314

3,024

2,844

4,305

3,331

2,554

2,615

3,600

2,946

2,376

1,978

3,638

3,625

3,340

3,335

4,152

3,495

4,708

4,189

4,387

6,785

6,165

5,019

8,107

Other accrued liabilities

8,923

6,540

6,182

4,059

7,127

4,855

5,933

5,051

5,304

4,362

4,664

2,647

3,055

2,111

2,339

2,829

3,224

2,013

2,151

1,871

2,065

2,619

2,050

2,833

2,699

1,612

2,140

3,900

4,826

6,948

7,419

7,496

10,813

7,354

12,100

7,406

5,630

Current portion of lease obligations - Operating leases

1,815

1,107

893

683

1,091

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of lease obligations - Finance leases

9

60

122

183

233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

5,970

57

1,288

5,851

1,554

4,936

4,253

4,460

7,518

12,292

4,141

4,027

1,644

1,710

4,221

4,118

6,105

6,098

6,949

5,166

4,253

3,497

4,036

2,654

3,266

2,001

2,248

2,365

4,352

2,186

2,286

3,647

9,070

3,789

8,632

386

4,539

Related party deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,084

-

Total current liabilities

22,282

15,388

14,923

17,491

18,654

18,113

17,628

16,410

21,553

24,952

17,074

13,227

13,526

12,367

11,707

12,442

16,484

14,841

12,828

11,360

11,870

13,735

11,004

10,794

13,090

11,199

9,218

11,145

17,775

16,283

20,700

19,645

33,248

28,292

34,406

24,609

27,484

Deferred revenue, net of current portion

2,566

1,987

1,988

3,249

3,797

3,352

4,431

4,994

5,529

1,501

1,839

2,653

2,180

1,066

745

1,354

2,929

3,120

4,316

2,804

3,780

3,813

4,368

907

1,398

1,114

1,161

1,207

1,254

1,299

1,346

1,393

1,439

1,485

1,871

1,579

5,074

Long-term lease obligations - Operating leases

24,319

24,951

25,554

26,147

26,133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term lease obligations, Finance leases

-

-

0

0

9

61

122

183

243

302

360

419

255

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease incentive obligation, net of current portion

-

-

0

0

0

35

142

248

354

460

-

-

779

885

992

1,098

1,204

1,310

-

-

-

1,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party deferred revenues, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,361

-

Other long-term liabilities

1,239

1,230

1,223

1,222

1,320

1,416

1,504

1,592

1,759

1,863

2,736

2,848

2,211

2,231

2,230

2,282

2,458

2,497

3,888

4,027

4,154

2,528

4,213

4,214

4,900

5,044

5,183

3,783

3,868

3,943

3,994

4,126

3,649

3,455

1,870

1,800

1,381

Total liabilities

50,406

43,556

43,688

48,109

49,913

22,977

23,827

23,427

29,438

29,078

22,009

19,147

18,951

16,549

15,674

17,176

-

21,768

-

-

-

-

19,585

15,915

19,388

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and Contingencies (Note 11)

-

-

-

-

-

-

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

0

Stockholders' equity:
Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding

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

-

-

0

Common stock, $0.0001 par value per share; 100,000 shares authorized; 59,017 shares and 58,877 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

6

6

6

6

5

5

5

5

5

5

5

5

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

Additional paid-in capital

449,121

447,920

444,276

440,795

386,815

386,775

384,782

380,551

339,354

340,079

338,110

336,339

311,296

311,164

309,258

307,951

306,279

305,981

304,561

303,299

303,231

302,379

301,365

300,663

299,431

298,370

297,776

297,144

295,863

294,128

293,163

291,090

288,991

287,792

285,650

283,028

275,540

Accumulated other comprehensive loss

-

-

-

-

-

-

0

0

0

-472

13

102

-91

0

384

-29

315

405

201

650

-126

-142

113

374

370

-32

139

106

56

-136

-154

-878

-541

-407

223

415

-34

Accumulated deficit

-350,061

-342,409

-341,774

-342,117

-335,610

-330,474

-330,014

-328,026

-324,291

-315,065

-316,036

-305,809

-299,529

-292,069

-286,809

-288,246

-290,485

-283,511

-281,458

-286,852

-281,492

-275,930

-276,275

-271,713

-263,234

-256,859

-247,045

-237,783

-225,178

-215,556

-200,017

-197,708

-192,189

-184,699

-179,402

-176,661

-168,149

Total stockholders' equity

99,066

105,517

102,508

98,684

51,210

56,306

54,773

52,530

15,068

24,547

22,092

30,637

11,680

19,099

22,837

19,680

16,113

22,879

23,308

17,101

21,617

26,311

25,207

29,328

36,571

41,483

50,874

59,471

70,745

78,440

92,996

92,508

96,265

102,690

106,475

106,786

107,361

Total liabilities and stockholders' equity

149,472

149,073

146,196

146,793

101,123

79,283

78,600

75,957

44,506

53,625

44,101

49,784

30,631

35,648

38,511

36,856

39,188

44,647

44,340

35,292

41,421

48,122

44,792

45,243

55,959

58,840

66,436

75,606

93,642

99,965

119,036

117,672

134,601

135,922

144,622

136,135

141,300