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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 569,299 [1] $ 489,407 [1]
Marketable securities, available for sale 895,777 [1] 831,808 [1]
Restricted cash and cash equivalents (Alios) 0 [1] 69,983 [1]
Accounts receivable, net 85,517 [1] 143,250 [1]
Inventories 14,147 [1] 30,464 [1]
Prepaid expenses and other current assets 23,836 [1] 24,673 [1]
Total current assets 1,588,576 [1] 1,589,585 [1]
Restricted cash 130 [1] 31,934 [1]
Property and equipment, net 696,911 [1] 433,609 [1]
Intangible assets 0 [1] 663,500 [1]
Goodwill 30,992 [1] 30,992 [1]
Other assets 2,432 [1] 9,668 [1]
Total assets 2,319,041 [1] 2,759,288 [1]
Current liabilities:    
Accounts payable 49,327 [1] 101,292 [1]
Accrued expenses 271,077 [1] 264,884 [1]
Deferred revenues, current portion 21,510 [1] 27,566 [1]
Accrued restructuring expense, current portion 14,286 [1] 4,758 [1]
Capital lease obligations, current portion 16,893 13,707
Income taxes payable (Alios) 0 [1] 715 [1]
Other liabilities, current portion 24,736 [1] 19,702 [1]
Total current liabilities 397,829 [1] 432,624 [1]
Deferred revenues, excluding current portion 49,459 [1] 96,242 [1]
Accrued restructuring expense, excluding current portion 14,067 [1] 18,570 [1]
Capital lease obligations, excluding current portion 48,754 15,170
Convertible senior subordinated notes (due 2015) 0 [1] 400,000 [1]
Deferred tax liability 0 [1] 280,367 [1]
Construction financing lease obligation 440,937 [1] 268,031 [1]
Other liabilities, excluding current portion 11,590 [1] 13,902 [1]
Total liabilities 962,636 [1] 1,524,906 [1]
Commitments and contingencies (Note T and Note V)    [1]    [1]
Redeemable noncontrolling interest (Alios) 0 [1] 38,530 [1]
Shareholders’ equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2013 and 2012 0 [1] 0 [1]
Common stock, $0.01 par value; 300,000,000 shares authorized at December 31, 2013 and 2012; 233,788,852 and 217,286,868 shares issued and outstanding at December 31, 2013 and 2012, respectively 2,320 [1] 2,149 [1]
Additional paid-in capital 5,321,286 [1] 4,519,448 [1]
Accumulated other comprehensive loss (306) [1] (550) [1]
Accumulated deficit (3,966,895) [1] (3,521,867) [1]
Total Vertex shareholders’ equity 1,356,405 [1] 999,180 [1]
Noncontrolling interest (Alios) 0 [1] 196,672 [1]
Total shareholders’ equity 1,356,405 [1] 1,195,852 [1]
Total liabilities and shareholders’ equity $ 2,319,041 [1] $ 2,759,288 [1]
[1] Amounts as of December 31, 2012 include the assets and liabilities of Vertex’s variable interest entity (“VIE”), Alios BioPharma, Inc. (“Alios”). The Company deconsolidated Alios as of December 31, 2013. 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.