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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 198,955 $ 96,363
Short-term investments 862,941 1,228,499
Accounts receivable 38,889 36,802
Inventory 15,292 12,665
Advance payments to contract manufacturers 3,908 31,834
Other current assets 18,020 15,387
Total current assets 1,138,005 1,421,550
Long-term investments 136,662 279,119
Property, plant and equipment, net 59,662 65,665
Operating lease right-of-use assets 126,476 134,177
Goodwill 76,501 76,501
Other assets 1,461 344
Other assets 1,538,767 1,977,356
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Senior secured notes, net and interest payable (see Note 5) 0 252,891
Accounts payable 22,139 19,234
Accrued compensation 14,532 11,467
Accrued clinical trial expenses 44,207 32,626
Accrued contract manufacturing expenses 11,310 7,304
Other accrued expenses 9,585 12,338
Operating lease liability, current portion 13,915 12,516
Deferred revenue, current portion 91 5,517
Total current liabilities 115,779 353,893
Operating lease liability, less current portion 136,373 142,730
Liabilities related to the sales of future royalties, net 200,340 72,020
Deferred revenue, less current portion 2,464 2,554
Other long-term liabilities 6,516 768
Total liabilities 461,472 571,965
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated, issued or outstanding at December 31, 2020 or 2019 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 180,091 shares and 176,505 shares issued and outstanding at December 31, 2020 and 2019, respectively 18 17
Capital in excess of par value 3,388,730 3,271,097
Accumulated other comprehensive loss (2,295) (1,005)
Accumulated deficit (2,309,158) (1,864,718)
Total stockholders’ equity 1,077,295 1,405,391
Total liabilities and stockholders’ equity $ 1,538,767 $ 1,977,356