XOMA Royalty Corporation Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Maturity of Company's Operating Lease Liabilities

The maturity of the Company’s operating lease liabilities as of September 30, 2019 is as follows (in thousands):

	Operating
Undiscounted lease payments	Leases
2019 (excluding the nine months ended September 30, 2019)	$	653
2020		2,736
2021		2,268
2022		1,944
2023		620
Thereafter		—
Total undiscounted lease payments		8,221
Present value adjustment		(679	)
Total net lease liabilities	$	7,542

Future Undiscounted Lease Payments Under Operating Leases

The Company’s future undiscounted lease payments under operating leases (as defined by prior guidance) as of December 31, 2018 are as follow (in thousands):

Year Ending December 31,	Rent Payments
2019	$	4,381
2020		3,923
2021		3,156
2022		2,611
2023		854
Thereafter		—
Total minimum lease payments	$	14,925

Supplemental Disclosure for Statement of Cash Flows and Additional Information Related to Operating Leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands):

	September 30,
	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows under operating leases	$	1,975

The following summarizes additional information related to operating leases (in thousands):

	September 30,
	2019
Weighted-average remaining lease term
Operating leases	3 years
Weighted-average discount rate
Operating leases		5.51	%

Future Cash Flows to be Received from Subleases

The Company’s future cash flows to be received from subleases as of September 30, 2019 and December 31, 2018 is as follows (in thousands):

	September 30,
Sublease income	2019
2019 (excluding the nine months ended September 30, 2019)	$	560
2020		2,280
2021		1,906
2022		1,644
2023		556
Total minimum lease payments	$	6,946

	December 31,
Sublease income	2018⁽¹⁾
2019	$	2,249
2020		2,376
2021		2,006
2022		1,746
2023		592
Total minimum lease payments	$	8,969

(1)

Sublease income as of December 31, 2018 includes base lease payments and expected reimbursement of certain operating expenses under executed sublease agreements.