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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 436,886 $ 475,320
Marketable securities, available for sale 861,656 493,602
Restricted cash and cash equivalents (Alios) 74,954 [1] 51,878 [1]
Accounts receivable, net 139,629 183,135
Inventories 86,275 112,430
Prepaid expenses and other current assets 35,123 [1] 14,889 [1]
Total current assets 1,634,523 1,331,254
Restricted cash 32,166 34,090
Property and equipment, net 124,148 [1] 78,106 [1]
Fan Pier buildings 223,101 55,070
Intangible assets 663,500 [1] 663,500 [1]
Goodwill 30,992 [1] 30,992 [1]
Other assets 10,393 [1] 11,268 [1]
Total assets 2,718,823 2,204,280
Current liabilities:    
Accounts payable 83,732 [1] 74,642 [1]
Accrued expenses 273,285 [1] 255,662 [1]
Deferred revenues, current portion 27,303 45,037
Accrued restructuring expense, current portion 4,596 4,932
Other liabilities, current portion 13,944  
Income taxes payable (Alios) 3,871 [1] 12,075 [1]
Total current liabilities 406,731 392,348
Deferred revenues, excluding current portion 103,626 118,095
Accrued restructuring expense, excluding current portion 19,559 21,381
Convertible senior subordinated notes (due 2015) 400,000 400,000
Deferred tax liability 279,466 [1] 243,707 [1]
Construction financing obligation 215,956 55,950
Other liabilities, excluding current portion 28,739 [1] 7,287 [1]
Total liabilities 1,454,077 1,238,768
Commitments and contingencies:      
Redeemable noncontrolling interest (Alios) 38,299 [1] 37,036 [1]
Shareholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding at September 30, 2012 and December 31, 2011      
Common stock, $0.01 par value; 300,000,000 shares authorized; 216,341,505 and 209,303,995 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 2,141 2,072
Additional paid-in capital 4,471,727 4,200,659
Accumulated other comprehensive loss (416) (1,053)
Accumulated deficit (3,445,719) (3,414,835)
Total Vertex shareholders' equity 1,027,733 786,843
Noncontrolling interest (Alios) 198,714 [1] 141,633 [1]
Total shareholders' equity 1,226,447 928,476
Total liabilities and shareholders' equity $ 2,718,823 $ 2,204,280
[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 C, "Collaborative Arrangements," to these condensed consolidated financial statements for amounts.