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Condensed Consolidated Balance Sheets (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 458,195 $ 243,197
Marketable securities, available for sale 135,296 788,214
Restricted cash and cash equivalents (Alios) 63,098 [1]  
Accounts receivable, net 96,016 12,529
Inventories 52,622  
Prepaid expenses and other current assets 21,897 [1] 13,099
Total current assets 827,124 [1] 1,057,039
Restricted cash 34,114 34,090
Property and equipment, net 84,203 [1] 72,333
Intangible assets 769,300 [1] 518,700
Goodwill 33,501 [1] 26,102
Other assets 14,858 [1] 17,182
Total assets 1,763,100 [1] 1,725,446
Current liabilities:    
Accounts payable 67,275 [1] 35,851
Accrued expenses and other current liabilities 141,167 [1] 134,414
Accrued interest 3,350 3,462
Deferred revenues, current portion 65,018 74,619
Accrued restructuring expense, current portion 5,151 5,497
Secured notes (due 2012) 94,664 136,991
Liability related to sale of potential future milestone payments 87,131 77,799
Income taxes payable (Alios) 15,212 [1]  
Other obligations   6,150
Total current liabilities 478,968 [1] 474,783
Deferred revenues, excluding current portion 134,036 160,049
Accrued restructuring expense, excluding current portion 23,054 24,098
Convertible senior subordinated notes (due 2015) 400,000 400,000
Deferred tax liability, net 260,448 [1] 160,278
Construction financing obligation 11,181  
Other liabilities 6,233 [1] 2,265
Total liabilities 1,313,920 [1] 1,221,473
Commitments and contingencies    
Redeemable noncontrolling interest (Alios) 36,299 [1]  
Shareholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding at June 30, 2011 and December 31, 2010    
Common stock, $0.01 par value; 300,000,000 shares authorized at June 30, 2011 and December 31, 2010; 207,473,193 and 203,522,976 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 2,055 2,016
Additional paid-in capital 4,100,775 3,947,433
Accumulated other comprehensive loss (707) (1,067)
Accumulated deficit (3,794,574) (3,444,409)
Total Vertex shareholders' equity 307,549 503,973
Noncontrolling interest (Alios) 105,332 [1]  
Total shareholders' equity 412,881 [1] 503,973
Total liabilities and shareholders' equity $ 1,763,100 [1] $ 1,725,446
[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 K to these condensed consolidated financial statements for amounts.