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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 179,997 $ 291,049
Accounts receivable , net 10,752 9,401
Receivables from collaboration arrangement 57,014 54,672
Inventory 40,515 55,897
Prepaid expenses 14,729 29,559
Other current assets 1,992 2,933
Total current assets 304,999 443,511
Property and equipment, net 361 170
Equity Method Investment 107,040 39,154
Equity and long-term investments 422,491 363,859
Capitalized fees paid, net 87,239 97,607
Right-of-use assets 2,828 3,265
Goodwill 17,905 26,713
Intangible assets 236,845 252,919
Deferred tax assets 4,952 0
Other assets 3,444 4,299
Total assets 1,188,104 1,231,497
Current liabilities:    
Accounts payable 3,783 2,939
Accrued personnel-related expenses 5,166 8,022
Accrued interest payable 833 4,359
Deferred revenue 1,548 2,094
Convertible subordinated notes due 2023, net of issuance costs 0 96,193
Income tax payable 154 154
Other accrued liabilities 24,699 21,207
Total current liabilities 36,183 134,968
Long-term debt, net of discount and issuance costs 445,718 444,180
Other long-term liabilities 68,690 70,918
Deferred tax liabilities, net 0 5,771
Income tax payable, long-term 10,020 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, 64,384 and 69,188 issued and outstanding as of September 30, 2023 and December 31, 2022 644 692
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 1,107,398 1,163,836
Accumulated deficit (86,720) (204,911)
Total stockholders' equity 627,493 565,788
Total liabilities and stockholders' equity $ 1,188,104 $ 1,231,497