Company: RGNX
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038770
Chunk: 255

Company: REGENXBIO Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 255
---
,132

        $
        8,662

       Cash paid for amounts included in operating lease liabilities for the years ended December 31, 2024, 2023 and 2022 includes zero, $0.1 million and $1.3 million, respectively, received by the Company during the period under its tenant improvement allowances, which were deemed in-substance lease payments and included in the calculation of the lease liability. Short-term lease expense for the years ended December 31, 2024, 2023 and 2022 was not material and is included in operating lease cost in the table above. Variable lease cost under the Company’s operating leases includes items such as common area maintenance, utilities, taxes and other charges.The following table presents the weighted-average remaining lease term and weighted-average discount rate of the Company’s operating leases: 

        As of December 31,

        2024

        2023

        Weighted-average remaining lease term (years)

        10.3

        11.0

        Weighted-average discount rate

        5.7
        %

        5.7
        %

108

The following table presents a reconciliation of the undiscounted future minimum lease payments remaining under the Company’s operating leases to the amounts reported as operating lease liabilities on the consolidated balance sheet as of December 31, 2024 (in thousands): 

        As of

        December 31, 2024

        Undiscounted future minimum lease payments:

        2025

        $
        12,345

        2026

        12,885

        2027

        10,003

        2028

        7,940

        2029

        8,051

        Thereafter

        58,989

        Total undiscounted future minimum lease payments

        110,213

        Amount representing imputed interest

        (28,180
        )

        Total operating lease liabilities

        82,033

        Current portion of operating lease liabilities

        (7,902
        )

        Operating lease liabilities, non-current

        $
        74,131

       The table above excludes future minimum lease payments for leases which were executed but had not yet commenced as of December 31, 2024, the total of which were not material.

7. Liability Related to Sale of Future RoyaltiesIn December 2020, the Company entered into a