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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 489,407 [1] $ 475,320 [1]
Marketable securities, available for sale 831,808 [1] 493,602 [1]
Restricted cash and cash equivalents (Alios) 69,983 [1] 51,878 [1]
Accounts receivable, net 143,250 [1] 183,135 [1]
Inventories 30,464 [1] 112,430 [1]
Prepaid expenses and other current assets 24,673 [1] 14,889 [1]
Total current assets 1,589,585 [1] 1,331,254 [1]
Restricted cash 31,934 [1] 34,090 [1]
Property and equipment, net 433,609 [1] 133,176 [1]
Intangible assets 663,500 [1] 663,500 [1]
Goodwill 30,992 [1] 30,992 [1]
Other assets 9,668 [1] 11,268 [1]
Total assets 2,759,288 [1] 2,204,280 [1]
Current liabilities:    
Accounts payable 101,292 [1] 74,642 [1]
Accrued expenses 264,884 [1] 243,187 [1]
Deferred revenues, current portion 27,566 [1] 45,037 [1]
Accrued restructuring expense, current portion 4,758 [1] 4,932 [1]
Capital lease obligations, current portion 13,707 0
Income taxes payable (Alios) 715 [1] 12,075 [1]
Other liabilities, current portion 19,702 [1] 12,475 [1]
Total current liabilities 432,624 [1] 392,348 [1]
Deferred revenues, excluding current portion 96,242 [1] 118,095 [1]
Accrued restructuring expense, excluding current portion 18,570 [1] 21,381 [1]
Capital lease obligations, excluding current portion 15,170 0
Convertible senior subordinated notes (due 2015) 400,000 [1] 400,000 [1]
Deferred tax liability 280,367 [1] 243,707 [1]
Construction financing lease obligation 268,031 [1] 55,950 [1]
Other liabilities, excluding current portion 13,902 [1] 7,287 [1]
Total liabilities 1,524,906 [1] 1,238,768 [1]
Commitments and contingencies (Note S and Note U)    [1]    [1]
Redeemable noncontrolling interest (Alios) 38,530 [1] 37,036 [1]
Shareholders’ equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2012 and 2011 0 [1] 0 [1]
Common stock, $0.01 par value; 300,000,000 shares authorized at December 31, 2012 and 2011; 217,286,868 and 209,303,995 shares issued and outstanding at December 31, 2012 and 2011, respectively 2,149 [1] 2,072 [1]
Additional paid-in capital 4,519,448 [1] 4,200,659 [1]
Accumulated other comprehensive loss (550) [1] (1,053) [1]
Accumulated deficit (3,521,867) [1] (3,414,835) [1]
Total Vertex shareholders’ equity 999,180 [1] 786,843 [1]
Noncontrolling interest (Alios) 196,672 [1] 141,633 [1]
Total shareholders’ equity 1,195,852 [1] 928,476 [1]
Total liabilities and shareholders’ equity $ 2,759,288 [1] $ 2,204,280 [1]
[1] Amounts include the assets and liabilities of Vertex’s variable interest entity (“VIE”), Alios BioPharma, Inc. (“Alios”). Vertex’s interests and obligations with respect to the VIE’s assets and liabilities are limited to those accorded to Vertex in its agreement with Alios. See Note B, "Collaborative Arrangements," to these consolidated financial statements for amounts.