Morphic Holding, Inc. (MORF) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	10-K	10-K	10-K	10-K	S-1/A
Statement of Cash Flows [Abstract]
Cash flows from operating activities:
Net loss	-59.0	-95.5	-45.0	-43.3	-23.8
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1.0	1.0	1.1	0.8	0.5
Discount accretion and premium amortization on marketable securities	0.8	1.2	0.5	-1.6
Equity‑based compensation	29.0	21.2	11.1	3.5	1.0
Change in operating assets and liabilities:
Accounts receivable	1.9	5.0	-3.8	-3.5
Prepaid expenses and other current assets	-5.5	-4.0	-0.8	-1.9	-0.7
Other assets	-0.2	0.1	0.1	-0.1	-0.1
Operating lease right-of-use assets	1.3	1.1
Accounts payable	-1.6	1.0	-1.1	3.2	0.9
Accrued expenses	0.1	1.5	3.5	3.4	1.9
Deferred revenue	-67.6	-14.8	-11.5	-2.2	96.6
Net cash used in operating activities	-101.0	-83.5	-46.0	-41.7	76.3

Cash flows from investing activities:
Purchases of marketable securities	-238.3	-244.2	-145.3	-296.3
Proceeds from maturities of marketable securities	175.0	132.0	154.0	162.5
Purchases of property and equipment	-0.4	-1.0	-0.5	-2.2	-0.7
Net cash used in investing activities	-56.5	-113.2	8.2	-136.0	-0.7

Cash flows from financing activities:
Proceeds from issuance of common shares and pre-funded warrants through the private placement				93.3
Proceeds from issuance of common shares under Employee Stock Purchase Plan	0.9	1.1	1.1
Proceeds from issuance of common shares, net				93.3
Proceeds from issuance of common shares upon stock option exercises	5.2	9.5	3.5	0.0
Net cash provided by financing activities	45.3	266.3	38.3	93.3	89.5

Non-cash activities:
Purchases of property and equipment included in accounts payable and accrued expenses	0.2		0.0	0.3
Amounts from exercise of stock options included in prepaid expenses and other current assets	0.0