XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 604,245 $ 714,768
Marketable securities, available for sale 421,373 327,694
Restricted cash and cash equivalents (VIE) 76,273 78,910
Accounts receivable, net 181,878 177,639
Inventories 63,200 57,207
Prepaid expenses and other current assets 55,866 50,935
Total current assets 1,402,835 1,407,153
Property and equipment, net 690,521 697,715
Intangible assets 284,340 284,340
Goodwill 50,384 50,384
Cost Method Investment in CRISPR 30,138 0
Notes Receivable 0 30,000
Restricted cash 22,088 22,083
Other assets 7,600 6,912
Total assets 2,487,906 2,498,587
Current liabilities:    
Accounts payable 75,221 74,942
Accrued expenses 272,665 305,820
Deferred revenues, current portion 14,705 16,296
Accrued restructuring expenses, current portion 7,790 7,894
Capital lease obligations, current portion 17,292 15,545
Senior secured term loan, current portion 146,251 71,296
Other liabilities, current portion 18,117 14,374
Total current liabilities 552,041 506,167
Deferred revenues, excluding current portion 8,490 9,714
Accrued restructuring expenses, excluding current portion 6,145 7,464
Capital lease obligations, excluding current portion 38,886 42,923
Deferred tax liability 112,259 110,439
Construction financing lease obligation, excluding current portion 472,494 472,611
Senior secured term loan, net of current portion and discount 149,571 223,863
Other liabilities, excluding current portion 31,822 31,778
Total liabilities $ 1,371,708 $ 1,404,959
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2016 and December 31, 2015 $ 0 $ 0
Common stock, $0.01 par value; 500,000,000 and 500,000,000 shares authorized at March 31, 2016 and December 31, 2015, respectively; 247,286,705 and 246,306,818 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 2,429 2,427
Additional paid-in capital 6,262,964 6,197,500
Accumulated other comprehensive (loss) income (4,899) 1,824
Accumulated deficit (5,303,415) (5,261,784)
Total Vertex shareholders' equity 957,079 939,967
Noncontrolling interest 159,119 153,661
Total shareholders’ equity 1,116,198 1,093,628
Total liabilities and shareholders’ equity $ 2,487,906 $ 2,498,587