Revenue Recognition | Revenue Recognition The following table presents revenue by primary geographical market, based on the location of the customer, as well as by major product and service: Years Ended December 31, 2022 2021 2020 Renewable Products Licenses and Royalties Collaborations, Grants and Other TOTAL Renewable Products Licenses and Royalties Collaborations, Grants and Other TOTAL Renewable Products Licenses and Royalties Collaborations, Grants and Other TOTAL Europe $ 20,340 $ 15,329 $ 7,666 $ 43,335 $ 14,323 $ 149,800 $ 10,770 $ 174,893 $ 17,156 $ 50,991 $ 8,765 $ 76,912 North America 174,936 17,105 5,915 197,956 115,493 24,012 1,684 141,189 68,675 — 526 69,201 Asia 18,090 — 1,481 19,571 16,362 — 5,848 22,210 13,720 — 8,517 22,237 South America 5,589 — 28 5,617 1,907 — — 1,907 4,105 — — 4,105 Other 3,368 — — 3,368 1,618 — — 1,618 682 — — 682 $ 222,323 $ 32,434 $ 15,090 $ 269,847 $ 149,703 $ 173,812 $ 18,302 $ 341,817 $ 104,338 $ 50,991 $ 17,808 $ 173,137 The following table presents revenue by management revenue classification and by major product and service: Years Ended December 31, 2022 2021 2020 Renewable Products Licenses and Royalties Collaborations, Grants and Other Total Renewable Products Licenses and Royalties Collaborations, Grants and Other Total Renewable Products Licenses and Royalties Collaborations, Grants and Other Total Consumer $ 171,484 $ 431 $ 5,003 $ 176,918 $ 91,041 $ 13 $ 934 $ 91,988 $ 51,627 $ — $ — $ 51,627 Technology access 50,839 32,003 10,087 92,929 58,662 173,799 17,368 249,829 52,711 50,991 17,808 121,510 $ 222,323 $ 32,434 $ 15,090 $ 269,847 $ 149,703 $ 173,812 $ 18,302 $ 341,817 $ 104,338 $ 50,991 $ 17,808 $ 173,137 Significant Revenue Agreements DSM Revenue Agreements DSM Ingredients Collaboration The Company provides DSM with research and development services for specific field of use ingredients. Revenue is recognized based on an input measure of progress as labor hours are expended each quarter. DSM funded the development work with payments of $2.0 million quarterly from October 1, 2020 to September 30, 2021 for services focused on achieving a certain fermentation yield and cost target over the twelve-month period. During the years ended December 31, 2022 and 2021, the Company recognized $4.0 million and $6.0 million of collaboration revenue in connection with the agreement. DSM License Agreement and Contract Assignment In March 2021, the Company and DSM entered into a license agreement and asset purchase agreement where DSM acquired exclusive rights to the Company’s Flavor and Fragrance (F&F) product portfolio. The Company granted DSM exclusive licenses covering specific intellectual property of the Company and assigned the Company’s rights and obligations under certain F&F ingredients supply agreements to DSM, in exchange for non-refundable upfront consideration totaling $150 million, and up to $235 million of contingent consideration if and when certain commercial milestones are achieved in each of the calendar years 2022 through 2024. The Company recognized $143.6 million of license and royalty revenue during the year ended December 31, 2021. The Company is recognizing revenue at the later of (1) when the underlying sales or usage has occurred and (2) the related performance obligation has been satisfied (or partially satisfied). During the year ended December 31, 2022, the Company recognized $31.8 million of license and royalty revenue. PureCircle License and Supply Agreement On June 1, 2021, the Company and PureCircle Limited (PureCircle), a subsidiary of Ingredion Incorporated, entered into an intellectual property license agreement under which the Company (i) granted certain intellectual property licenses to PureCircle to make, have made, commercialize, and advance the development of sustainably sourced, zero-calorie, nature-based sweeteners and potentially other types of fermentation-based ingredients, as the exclusive global business-to-business commercialization partner for the Company’s sugar reduction technology that includes fermented RebM, (ii) entered into a product supply and profit sharing agreement to provide manufacturing services and products to PureCircle, and (iii) assigned and transferred certain customer contracts to PureCircle related to the sale and distribution of RebM. Ingredion purchased 31% of the membership interests in Amyris RealSweet LLC (RealSweet), a 100% owned subsidiary of the Company, which entity owns the new manufacturing facility in Brazil. Ingredion’s purchase of the contingently redeemable noncontrolling interest in RealSweet was deemed to be an equity transaction. Under the PureCircle license agreement, the Company will continue to own and market its Purecane® consumer brand offering of tabletop and culinary sweetener products to consumers. As consideration for the license and product supply agreements, the Company received a $10 million license fee at closing and may receive additional payments of up to $35 million upon achievement of certain milestones related to RebM sales and manufacturing cost targets. Additionally, under the product supply and profit sharing agreement, the Company will earn revenues from product sales to PureCircle and a profit share from future product sales, including RebM, by PureCircle. In connection with the arrangement, the Company recognized license revenue of $10 million during the year ended December 31, 2021. Revenue in connection with Significant Revenue Agreements In connection with the significant revenue agreements discussed above and others previously disclosed, the Company recognized revenue for the years ended December 31, 2022 and 2021 in connection with significant revenue agreements and from all other customers as follows: Years Ended December 31, 2022 2021 2020 Renewable Products Licenses and Royalties Collaborations, Grants and Other TOTAL Renewable Products Licenses and Royalties Collaborations, Grants and Other TOTAL Renewable Products Licenses and Royalties Collaborations, Grants and Other TOTAL DSM (related party) $ 18,172 $ 31,781 $ 3,994 $ 53,947 $ 19,162 $ 149,612 $ 6,000 $ 174,774 $ 946 $ 43,750 $ 7,018 $ 51,714 Sephora 35,159 — — 35,159 27,640 — — 27,640 13,802 — — 13,802 PureCircle 3,884 158 — 4,042 2,915 10,000 — 12,915 — — — — AccessBio — — — — — 9,000 — 9,000 — — — — Yifan — — 1,481 1,481 — — 5,848 5,848 — — 8,468 8,468 AMF Low Carbon — — — — — 5,000 — 5,000 — — — — Firmenich — 64 3,417 3,481 671 188 3,528 4,387 9,967 7,241 594 17,802 Givaudan 10 — — 10 210 — — 210 10,081 — — 10,081 DARPA — — — — — — — — — — 526 526 Lavvan — — — — — — — — — — — — Subtotal revenue from significant revenue agreements 57,225 32,003 8,892 98,120 50,598 173,800 15,376 239,774 34,796 50,991 16,606 102,393 Revenue from all other customers 165,098 431 6,198 171,727 99,105 12 2,926 102,043 69,542 — 1,202 70,744 Total revenue from all customers $ 222,323 $ 32,434 $ 15,090 $ 269,847 $ 149,703 $ 173,812 $ 18,302 $ 341,817 $ 104,338 $ 50,991 $ 17,808 $ 173,137 Contract Assets and Liabilities When a contract results in revenue being recognized in excess of the amount the Company has invoiced or has the right to invoice to the customer, a contract asset is recognized. Contract assets are transferred to accounts receivable, net when the rights to the consideration become unconditional. Contract liabilities consist of payments received from customers, or such consideration that is contractually due, in advance of providing the product or performing services such that control has not passed to the customer. Trade receivables related to revenue from contracts with customers are included in accounts receivable on the consolidated balance sheets, net of the allowance for doubtful accounts. Trade receivables are recorded at the point of renewable product sale or in accordance with the contractual payment terms for licenses and royalties, and grants and collaborative research and development services for the amount payable by the customer to the Company for sale of goods or the performance of services, and for which the Company has the unconditional right to receive payment. Contract Balances The following table provides information about accounts receivable and contract liabilities from contracts with customers: December 31, 2022 2021 Accounts receivable, net $ 45,775 $ 37,074 Accounts receivable - related party, net $ 6,608 $ 5,667 Contract assets $ 806 $ 4,227 Contract assets - related party $ 36,638 $ — Contract liabilities $ 26 $ 2,530 Contract liabilities, noncurrent (1) $ — $ 111 ______________ (1) The balances in contract liabilities, noncurrent are included in other noncurrent liabilities on the consolidated balance sheets. Contract liabilities, current decreased by $2.5 million at December 31, 2022 as the result of satisfying certain performance obligations under collaboration agreements during the year ended December 31, 2022. Remaining Performance Obligations As of December 31, 2022, there were no unsatisfied performance obligations in connection with existing customer agreements. |