Novavax inc (NVAX)
Balance Sheet / TTM
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

179,881

78,823

71,167

71,995

97,711

70,154

56,496

88,475

113,402

106,307

104,245

75,793

95,847

144,353

119,948

89,395

132,225

93,108

138,144

167,384

215,050

32,335

34,473

103,857

109,921

119,471

122,493

2,574

9,023

17,399

10,738

15,334

13,873

14,104

14,318

13,092

8,061

Marketable securities

57,474

0

0

0

2,484

21,980

70,612

78,636

30,358

50,996

68,321

111,515

115,331

91,126

180,335

276,967

301,642

137,548

152,042

147,554

112,685

135,721

143,617

48,599

2,907

13,597

23,917

38,025

35,256

26,712

17,672

11,202

6,847

4,205

5,286

9,229

23,615

Restricted cash

6,900

2,947

4,355

5,030

6,628

10,847

17,586

10,132

19,548

28,234

32,422

30,188

27,319

30,314

31,521

33,312

29,619

34,964

0

0

0

297

0

203

336

1,417

124

0

217

986

838

-

-

0

-

-

-

Accounts receivable

-

7,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

591

363

406

2,320

2,197

2,342

6,674

7,510

2,859

3,719

4,466

1,911

1,911

907

2,602

1,011

2,469

1,498

1,725

1,965

17

1,832

54

Accounts receivable - unbilled

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,137

2,498

4,196

3,100

4,233

4,839

6,113

4,988

3,194

1,815

1,571

1,570

1,725

4,231

1,409

1,836

3,848

2,020

-

Prepaid expenses and other current assets

10,977

7,977

13,500

11,630

16,571

16,295

15,847

17,092

17,726

17,774

21,007

19,187

19,952

22,037

21,510

19,944

20,703

19,317

15,582

13,201

11,489

9,195

6,395

5,116

4,626

3,617

3,016

2,024

2,167

2,559

2,807

2,452

2,411

2,441

2,392

2,243

1,342

Assets held for sale

-

-

-

21,563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

402

269

504

-

365

20

886

171

235

261

177

1,558

392

-

265

Total current assets

255,232

97,247

89,022

110,218

123,394

119,276

160,541

194,335

181,034

203,311

225,995

236,683

258,449

287,830

353,905

419,981

484,595

287,257

310,102

332,979

350,094

188,158

191,979

166,602

128,873

145,001

155,020

45,365

51,722

50,408

36,484

34,978

26,442

26,109

26,253

28,416

33,337

Restricted cash

411

410

408

1,210

1,860

958

954

952

891

890

8,023

17,179

1,705

4,590

1,704

1,704

6,489

2,422

-

-

-

0

758

758

758

-

757

757

757

756

756

755

755

0

-

-

-

Investments available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,189

56,352

-

-

0

0

1,117

6,233

-

-

-

0

-

-

-

Property and equipment, net

10,795

11,445

12,244

12,987

26,972

28,426

29,343

30,829

32,422

35,987

37,299

38,531

39,439

40,184

40,955

39,668

36,558

32,342

29,421

26,134

23,967

19,737

17,492

15,124

14,270

14,251

13,969

13,320

11,617

11,456

9,815

7,753

7,949

6,857

7,531

7,629

8,206

Intangible assets, net

5,052

5,581

5,469

5,958

6,114

6,541

6,754

6,897

7,575

7,873

8,138

9,475

9,161

9,225

9,958

10,300

10,962

10,793

11,005

11,360

11,198

12,577

13,763

15,090

15,918

16,250

16,405

-

-

0

-

-

-

-

-

-

-

Goodwill

49,988

51,154

50,305

51,280

51,245

51,967

52,072

51,983

53,286

53,563

53,746

52,991

51,941

51,673

52,694

52,941

53,766

53,065

53,062

53,307

52,664

54,612

56,174

57,906

58,621

58,707

58,759

33,141

33,141

33,141

33,141

33,141

33,141

33,141

33,141

33,141

33,141

Other non-current assets

6,590

7,120

7,362

7,736

11,734

810

814

811

859

869

876

847

809

799

410

410

137

159

1,044

918

918

918

159

159

159

916

164

335

350

351

350

350

350

469

160

160

160

Total assets

328,068

172,957

164,810

189,389

221,319

207,978

250,478

285,807

276,067

302,493

334,077

355,706

361,504

394,301

459,626

525,004

592,507

386,038

404,634

424,698

438,841

276,002

292,514

311,991

218,599

235,125

245,074

92,918

98,704

102,345

80,546

76,977

68,637

66,576

67,085

69,346

74,844

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable

2,518

2,910

4,210

4,303

6,150

9,301

6,790

6,686

5,770

5,613

5,242

8,021

3,790

5,685

16,231

15,991

11,237

11,889

8,201

7,117

9,742

12,908

2,975

4,495

4,018

5,985

3,339

2,946

2,173

3,228

2,203

3,380

2,959

2,645

2,395

2,961

3,572

Accrued expenses

10,004

14,867

11,553

13,907

13,881

19,550

20,963

22,042

19,225

29,610

28,150

22,305

24,650

24,508

26,098

26,522

27,147

26,734

13,270

16,522

15,590

19,397

13,712

10,998

8,208

10,411

9,553

7,223

5,842

7,275

6,031

5,633

4,478

4,528

3,931

3,110

6,273

Accrued interest

2,031

5,078

2,031

5,078

2,031

5,078

2,031

5,078

2,031

5,078

2,031

5,078

2,031

5,078

2,031

5,146

2,099

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

3,113

1,678

2,590

4,188

5,943

10,010

15,365

7,683

16,377

25,625

31,464

30,028

24,679

30,079

30,157

32,807

28,907

34,469

-

-

-

0

3

25

57

-

190

0

78

258

803

-

-

0

-

2,500

-

Current portion of capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89

97

105

-

115

60

59

58

57

-

-

-

-

-

-

Notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

149

252

395

493

532

579

603

795

822

852

877

597

571

390

157

157

-

7

20

40

60

80

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

267

267

769

-

-

0

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,067

1,190

1,337

-

1,212

1,187

1,161

1,138

1,061

1,042

475

470

466

456

444

432

421

409

397

386

375

364

341

Other current liabilities

1,316

1,262

1,191

1,140

3,491

1,600

1,566

1,530

1,501

7,749

1,390

1,359

1,348

1,056

55

73

72

3,007

1,697

1,695

1,704

70

-

-

-

379

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

-

12,872

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

18,982

25,795

21,575

41,488

31,496

45,539

46,715

43,019

44,904

73,675

68,277

66,791

56,498

66,406

75,684

81,878

71,051

76,494

24,873

27,053

28,776

34,116

18,635

17,479

13,715

18,122

14,260

11,256

9,253

11,675

10,441

9,422

7,841

7,579

6,741

8,995

10,266

Deferred revenue

2,500

2,500

2,500

2,743

3,399

2,500

2,500

2,500

2,500

2,500

6,110

15,477

2,500

2,500

2,500

2,500

8,091

4,171

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

-

-

Convertible notes payable

320,967

320,611

320,255

319,899

319,543

319,187

318,830

318,475

318,119

317,763

317,407

317,051

316,695

316,339

315,983

315,627

315,271

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current portion of capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

172

191

-

222

206

222

237

252

-

-

-

-

-

-

Non-current portion of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

149

252

395

571

717

861

1,004

1,653

1,653

1,290

753

793

400

400

300

300

300

320

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

368

267

368

869

1,605

2,842

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,241

11,552

9,413

-

7,106

7,320

7,516

7,734

7,609

7,885

8,710

8,502

8,287

8,077

7,871

6,940

5,184

3,208

3,305

1,980

2,078

2,175

2,366

Other non-current liabilities

9,590

10,068

10,318

10,752

17,464

8,687

9,112

9,520

9,913

10,287

16,434

15,449

14,910

14,602

3,434

3,330

3,248

12,704

3,094

73

91

1,639

1,399

1,507

1,562

1,763

1,578

-

-

0

-

-

-

-

-

-

-

Total liabilities

352,039

358,974

354,648

374,882

371,902

375,913

377,157

373,514

375,436

404,225

408,228

414,768

390,603

399,847

409,842

414,887

407,074

93,369

37,618

37,095

39,135

46,384

30,864

30,260

27,539

31,891

28,500

23,692

21,136

22,105

19,170

15,898

14,313

12,727

12,488

13,075

15,794

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

0

0

Stockholders' deficit:
Preferred stock, $0.01 par value, 2,000,000 shares authorized; no shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

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

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, 600,000,000 shares authorized at March 31, 2020 and December 31, 2019; 53,906,322 shares issued and 53,854,913 shares outstanding at March 31, 2020 and 32,399,352 shares issued and 32,352,416 shares outstanding at December 31, 2019

539

324

256

235

4,699

192

3,832

3,821

3,472

3,237

3,106

2,904

2,831

2,717

2,717

2,714

2,712

2,704

2,703

2,691

2,684

2,393

2,389

2,386

2,097

2,091

2,090

1,532

1,517

1,484

1,360

1,326

1,226

1,175

1,154

1,151

1,115

Additional paid-in capital

1,450,279

1,260,551

1,226,314

1,210,941

1,201,853

1,144,621

1,132,738

1,127,298

1,069,391

1,020,457

997,014

968,996

956,299

935,997

932,208

925,629

920,001

951,569

947,055

934,176

926,691

729,373

727,369

724,908

615,279

612,900

611,913

450,300

446,191

438,939

411,558

404,175

391,564

383,948

380,931

380,970

371,477

Notes receivable from former directors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,572

1,572

Accumulated deficit

-1,457,665

-1,431,801

-1,399,971

-1,381,928

-1,342,325

-1,299,107

-1,249,773

-1,205,203

-1,160,711

-1,114,359

-1,063,517

-1,018,909

-974,444

-929,996

-872,887

-806,633

-727,282

-650,030

-571,224

-538,104

-517,463

-493,093

-461,547

-441,820

-423,956

-410,146

-396,092

-380,793

-368,159

-358,163

-350,128

-342,912

-336,992

-329,656

-325,951

-322,738

-310,292

Treasury stock, 51,409 shares, cost basis at March 31, 2020 and 46,936 shares, cost basis at December 31, 2019

2,638

2,583

2,583

2,451

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

2,450

Accumulated other comprehensive loss

-14,486

-12,508

-13,854

-12,290

-12,360

-11,191

-11,026

-11,173

-9,071

-8,617

-8,304

-9,603

-11,335

-11,814

-9,804

-9,143

-7,548

-9,124

-9,068

-8,710

-9,756

-6,605

-4,111

-1,293

90

839

1,113

637

469

430

1,036

940

976

832

913

910

772

Total stockholders' deficit

-23,971

-186,017

-189,838

-185,493

-150,583

-167,935

-126,679

-87,707

-99,369

-101,732

-74,151

-59,062

-29,099

-5,546

49,784

110,117

185,433

292,669

367,016

387,603

399,706

229,618

261,650

281,731

191,060

203,234

216,574

69,226

77,568

80,240

61,376

61,079

54,324

53,849

54,597

56,271

59,050

Total liabilities and stockholders' deficit

328,068

172,957

164,810

189,389

221,319

207,978

250,478

285,807

276,067

302,493

334,077

355,706

361,504

394,301

459,626

525,004

592,507

386,038

404,634

424,698

438,841

276,002

292,514

311,991

218,599

235,125

245,074

92,918

98,704

102,345

80,546

76,977

68,637

66,576

67,085

69,346

74,844