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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 93,282 $ 58,064
Short-term marketable securities 265,065 222,767
Receivables from collaborative arrangements 12,399 11,996
Receivables from licensing arrangements   10,000
Amounts due from TRC, LLC 48,909 28,574
Prepaid clinical and development services 20,761 2,736
Other prepaid and current assets 10,308 4,351
Total current assets 450,724 338,488
Property and equipment, net 15,430 12,644
Long-term marketable securities   4,985
Operating lease assets 44,391 46,604
Tax receivable   3,682
Restricted cash 833 833
Other assets 810 1,590
Total assets 512,188 408,826
Current liabilities:    
Accounts payable 6,442 4,758
Accrued personnel-related expenses 30,472 28,180
Accrued clinical and development expenses 26,944 17,587
Accrued interest payable 5,791 5,659
Non-recourse notes due 2033, net   9,851
Operating lease liabilities 9,685 7,762
Deferred revenue 18,204 31,575
Other accrued liabilities 6,732 6,331
Total current liabilities 104,270 111,703
Convertible senior notes due 2023, net 226,695 225,890
Non-recourse notes due 2035, net 384,482  
Non-recourse notes due 2033, net   219,300
Long-term operating lease liabilities 47,823 47,725
Long-term deferred revenue 750 6,761
Other long-term liabilities 9,704 21,287
Commitments and contingencies
Shareholders' Deficit    
Preferred shares, $0.00001 par value: 230 shares authorized, no shares issued or outstanding 0 0
Ordinary shares, $0.00001 par value: 200,000 shares authorized; 63,956 and 57,015 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital 1,206,524 1,024,614
Accumulated other comprehensive income 122 145
Accumulated deficit (1,468,183) (1,248,600)
Total shareholders' deficit (261,536) (223,840)
Total liabilities and shareholders' deficit $ 512,188 $ 408,826