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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 812,688 $ 866,394
Marketable debt securities 1,615,516 1,297,890
Marketable equity securities 11,178 28,122
Accounts receivable, net 327,787 237,963
Inventory 89,146 128,962
Prepaid expenses and other current assets 126,382 132,916
Total current assets 2,982,697 2,692,247
Property, plant and equipment, net 526,057 523,494
Operating lease right-of-use assets 199,732 215,136
Restricted investments 49,391 49,390
Other assets 72,003 66,092
Total assets 3,829,880 3,546,359
Current liabilities:    
Accounts payable 55,519 98,094
Accrued expenses 713,013 545,460
Operating lease liability 41,510 41,967
Deferred revenue 102,753 42,105
Liability related to the sale of future royalties 54,991 40,289
Total current liabilities 967,786 767,915
Operating lease liability, net of current portion 243,101 261,339
Deferred revenue, net of current portion 188,175 193,791
Convertible debt 1,020,776 1,016,942
Liability related to the sale of future royalties, net of current portion 1,322,248 1,252,015
Other liabilities 308,438 212,580
Total liabilities 4,050,524 3,704,582
Commitments and contingencies (Note 13)
Stockholders’ deficit:    
Preferred stock, $0.01 par value per share, 5,000 shares authorized and no shares issued and outstanding as of December 31, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value per share, 250,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 125,794 shares issued and outstanding as of December 31, 2023; 123,925 shares issued and outstanding as of December 31, 2022 1,259 1,240
Additional paid-in capital 6,811,063 6,454,540
Accumulated other comprehensive loss (23,375) (44,654)
Accumulated deficit (7,009,591) (6,569,349)
Total stockholders’ deficit (220,644) (158,223)
Total liabilities and stockholders’ deficit $ 3,829,880 $ 3,546,359