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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (554,128) $ (715,075) $ (361,918)
Adjustments to reconcile net loss to cash flows in operating activities:      
Loss on contingent consideration [1] 45,000    
Gain from sale of Priority Review Voucher (108,069)    
Acquired in-process research and development   173,240  
Non-cash up-front payment to StrideBio   29,415  
Depreciation and amortization 26,911 24,500 12,245
Reduction in the carry amounts of the right of use assets 12,828 6,047  
Amortization of investment discount (2,186) (8,445) (7,672)
Loss from debt extinguishment     2,322
Non-cash interest expense 25,454 21,444 20,190
Stock-based compensation 108,070 78,602 50,127
Other (470) 690 3,938
Changes in operating assets and liabilities, net:      
Net increase in accounts receivable (10,461) (41,835) (19,576)
Net increase in inventory (60,582) (45,934) (41,840)
Net increase in other assets (166,328) (102,091) (136,638)
Net increase in deferred revenue 749,429    
Net increase in accounts payable, accrued expenses, lease liabilities and other liabilities 41,998 122,979 90,162
Net cash provided by (used in) operating activities 107,466 (456,463) (388,660)
Cash flows from investing activities:      
Purchase of property and equipment (82,202) (59,631) (61,157)
Proceeds from sale of Priority Review Voucher 108,069    
Purchase of available-for-sale securities (1,333,568) (1,193,632) (1,171,603)
Maturity and sales of available-for-sale securities 1,189,480 1,715,626 865,813
Acquisition of Myonexus Therapeutics, Inc., net of cash acquired   (172,556)  
Other (3,500) (3,082) (3,541)
Net cash (used in) provided by investing activities (121,721) 286,725 (370,488)
Cash flows from financing activities:      
Proceeds from issuance of common stock to Roche, net of offering costs 312,053 365,354 513,409
Proceeds from exercise of stock options and purchase of stock under the Employee Stock Purchase Program 83,957 36,601 50,222
Taxes paid related to net share settlement of equity awards (4,798) (4,337)  
Proceeds from term loans 291,150 245,625  
Repayment of July 2017 Term Loan     (30,000)
Proceeds from revolving line of credit     235,872
Repayment of revolving line of credit     (235,954)
Payment for debt extinguishment     (2,134)
Repayment of mortgage loans and notes payable     (1,265)
Debt issuance costs (39) (689)  
Net cash provided by financing activities 682,323 642,554 530,150
Increase (decrease) in cash and cash equivalents 668,068 472,816 (228,998)
Cash, cash equivalents and restricted cash:      
Beginning of year 843,645 370,829 599,827
End of year 1,511,713 843,645 370,829
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 1,502,648 835,080 $ 370,829
Restricted cash in other assets $ 9,065 $ 8,565  
Restricted Cash, Noncurrent, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsNoncurrent us-gaap:OtherAssetsNoncurrent us-gaap:OtherAssetsNoncurrent
Total cash, cash equivalents and restricted cash $ 1,511,713 $ 843,645 $ 370,829
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 34,418 8,550 11,308
Cash paid during the period for income taxes 2,510 933 1,548
Lease liabilities arising from obtaining right of use assets 59,327    
Intangible assets and property and equipment included in accrued expenses 5,151 1,309 5,795
Shares withheld for tax included in accrued expenses 6,333 4,798  
Accrued debt issuance costs $ 11,000 $ 5,000  
Reclassification of long term investments to short term investments     $ 9,980
[1] The loss on contingent consideration is related to the fair value adjustment of the regulatory-related contingent payments that are accounted for as derivatives. Please see Note 5. Fair Value Measurements for further details.