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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 227,035 $ 96,363
Short-term investments 1,118,847 1,228,499
Accounts receivable 42,031 36,802
Inventory 14,320 12,665
Advance payments to contract manufacturers 13,280 31,834
Other current assets 13,811 15,731
Total current assets 1,429,324 1,421,894
Long-term investments 185,900 279,119
Property, plant and equipment, net 62,307 65,665
Operating lease right-of-use assets 133,901 134,177
Goodwill 76,501 76,501
Total assets 1,887,933 1,977,356
Current liabilities:    
Senior secured notes, net and interest payable 254,144 252,891
Accounts payable 21,789 19,234
Accrued compensation 22,412 11,467
Accrued clinical trial expenses 38,624 32,626
Accrued contract manufacturing expenses 8,579 7,304
Other accrued expenses 11,844 11,414
Operating lease liabilities, current portion 15,613 12,516
Deferred revenue, current portion 3,007 5,517
Other current liabilities 1,459 1,692
Total current liabilities 377,471 354,661
Operating lease liabilities, less current portion 142,297 142,730
Liability related to the sale of future royalties, net 69,185 72,020
Deferred revenue, less current portion 2,554 2,554
Total liabilities 591,507 571,965
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at March 31, 2020 or December 31, 2019 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 177,863 shares and 176,505 shares outstanding at March 31, 2020 and December 31, 2019, respectively 17 17
Capital in excess of par value 3,306,655 3,271,097
Accumulated other comprehensive loss (6,877) (1,005)
Accumulated deficit (2,003,369) (1,864,718)
Total stockholders’ equity 1,296,426 1,405,391
Total liabilities and stockholders’ equity $ 1,887,933 $ 1,977,356