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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 18,139 $ 22,954
Short-term investments 208,793 147,355
Accounts receivable, net 37,481 32,917
Inventory 18,672 23,969
Income taxes receivable 0 6,395
Prepaid expenses 1,911 1,182
Current derivative assets 20,141 0
Other current assets 7,122 2,657
Total current assets 312,259 237,429
Intangible assets, net 283,162 299,606
Goodwill 105,250 103,370
Long-term portion of financial royalty assets, net 80,481 62,291
Noncurrent derivative assets 34,505 3,531
Property and equipment, net 14,970 15,607
Operating lease right-of-use assets 7,403 6,062
Finance lease right-of-use assets 3,085 3,393
Equity method investment in Primrose Bio 2,437 12,595
Other investments 10,741 36,726
Deferred income taxes, net 190 214
Other assets 11,922 6,392
Total assets 866,405 787,216
Current liabilities:    
Accounts payable 1,793 2,427
Accrued liabilities 12,171 12,467
Income taxes payable 2,091 0
Deferred revenue 1,196 1,222
Current contingent liabilities 146 256
Current operating lease liabilities 1,156 403
Current finance lease liabilities 12 7
Total current liabilities 18,565 16,782
Long-term deferred revenue 2,696 1,444
Long-term contingent liabilities 4,052 2,942
Long-term operating lease liabilities 6,415 5,755
Deferred income taxes, net 30,128 31,622
Other long-term liabilities 29,351 27,758
Total liabilities 91,207 86,303
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized; zero issued and outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 60,000 shares authorized; 18,103 and 17,556 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 19 18
Additional paid-in capital 238,870 198,696
Accumulated other comprehensive loss (935) (817)
Retained earnings 537,244 503,016
Total stockholders' equity 775,198 700,913
Total liabilities and stockholders' equity $ 866,405 $ 787,216