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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 173,025 $ 291,049
Accounts receivable , net 15,275 9,401
Receivables from collaboration arrangement 65,721 54,672
Inventory 46,846 55,897
Prepaid expenses 20,535 29,559
Other current assets 2,136 2,933
Total current assets 323,538 443,511
Property and equipment, net 161 170
Equity Method Investment 35,061 39,154
Equity and long-term investments 397,940 363,859
Capitalized fees paid, net 90,695 97,607
Right-of-use assets 2,719 3,265
Goodwill 14,882 26,713
Intangible assets 243,356 252,919
Deferred tax assets 6,327 0
Other assets 3,562 4,299
Total assets 1,118,241 1,231,497
Current liabilities:    
Accounts payable 4,592 2,939
Accrued personnel-related expenses 5,474 8,022
Accrued interest payable 3,422 4,359
Deferred revenue 3,254 2,094
Convertible subordinated notes due 2023, net of issuance costs 0 96,193
Income tax payable 154 154
Other accrued liabilities 22,502 21,207
Total current liabilities 39,398 134,968
Long-term debt, net of discount and issuance costs 445,201 444,180
Other long-term liabilities 68,584 70,918
Deferred tax liabilities, net 0 5,771
Income tax payable, long-term 9,971 9,872
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock: $0.01 par value, 230 shares authorized, no shares issued and outstanding 0 0
Common stock: $0.01 par value, 200,000 shares authorized, 65,225 and 69,188 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 653 692
Treasury stock: at cost, 32,005 shares as of June 30, 2023 and December 31, 2022, respectively (393,829) (393,829)
Additional paid-in capital 1,117,029 1,163,836
Accumulated deficit (168,766) (204,911)
Total stockholders' equity 555,087 565,788
Total liabilities and stockholders' equity $ 1,118,241 $ 1,231,497