Company: ATRA
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000950170-25-035507
Chunk: 222

Company: Atara Biotherapeutics, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1B
Chunk 222
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 of one processing room for approximately one year in return for a reduction in contractual obligations under the Fujifilm MSA, and in November 2024, we exercised the option to release the processing room to FDB for the remainder of the initial term. We lease office space in South San Francisco, California under a non-cancellable lease agreement. In December 2021, we entered into a second amendment with the landlord to extend the lease term through May 2025. The amended lease agreement does not include an option to extend the lease term. In connection with the amended lease, we are required to maintain a letter of credit in the amount of $0.1 million to the landlord. In October 2022, we entered into a sub-lease agreement with a third party for this office space. The sub-lease term commenced in November 2022 and expires in May 2025, with no option to extend the sub-lease term. We have not received novation from the landlord and therefore have not been relieved of our primary obligations under the headlease. Therefore, the ROU asset and lease liability for the South San Francisco office remain on our balance sheet. 

117

The maturities of lease liabilities under our operating and finance leases as of December 31, 2024 were as follows:

        Operating Leases
         
        Finance Leases

        Years Ending December 31,
         
        (in thousands)

        2025
         
        $
        17,004

        $
        1,263

        2026

        15,677

        1,285

        2027

        5,494

        437

        2028

        3,319

        —

        2029

        3,415

        —

        Thereafter

        9,044

        —

        Total lease payments
         
        $
        53,953

        $
        2,985

        Less: amount representing interest

        (11,160
        )

        (346
        )

        Present value of lease liabilities
         
        $
        42,793

        $
        2,639

        Balance as of December 31, 2024

        Other current liabilities
         
        $
        12,879

        $
        1,038

        Operating lease liabilities – long-term

        29,914

        —

        Other long-term liabilities