Exhibit 99.1

PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

Condensed Consolidated Balance Sheets

(Unaudited)

	September 30,		December 31,
(in thousands except par value amounts)	2014		2013
Assets
Current assets
Cash and cash equivalents	$	35,411	$	26,362
Investments		63,901		86,166
Accounts receivable		2,370		2,746
Inventory, net		11,398		10,050
Prepaid expenses and other current assets		1,057		1,135
Total current assets		114,137		126,459
Property and equipment, net		7,034		9,236
Other long-term assets		471		490
Total assets	$	121,642	$	136,185
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable	$	5,845	$	1,717
Accrued expenses		8,726		7,905
Deferred service revenue, current		5,307		4,046
Deferred contractual revenue, current		6,785		6,785
Other liabilities, current		2,477		2,102
Total current liabilities		29,140		22,555
Deferred service revenue, non-current		918		518
Deferred contractual revenue, non-current		21,431		26,519
Other liabilities, non-current		2,505		3,517
Notes payable		13,914		13,347
Financing derivative		699		549
Total liabilities		68,607		67,005
Commitments and contingencies
Stockholders’ equity
Preferred Stock, $0.001 par value:
Authorized 50,000 shares; No shares issued or outstanding		—		—
Common Stock, $0.001 par value:
Authorized 1,000,000 shares; Issued and outstanding 70,976 shares at September 30, 2014 and 66,275 shares at December 31, 2013, respectively		71		66
Additional paid-in capital		715,439		684,413
Accumulated other comprehensive income		23		14
Accumulated deficit		(662,498)		(615,313)
Total stockholders’ equity		53,035		69,180
Total liabilities and stockholders’ equity	$	121,642	$	136,185