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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 41,135 $ 58,131
Marketable securities 265,744 224,625
Accounts receivable, net of reserves of $275 and $86 at December 31, 2015 and December 31, 2014 4,933 1,376
Inventory, net 6,677 4,017
Prepaid expenses and other current assets 7,641 3,528
Total current assets 326,130 291,677
Property and Equipment, at cost:    
Laboratory equipment 12,786 10,381
Computer equipment and computer software 14,025 7,577
Assets under construction 8,038 1,552
Leasehold improvements 7,118 5,937
Buildings 4,777  
Furniture and fixtures 1,265 939
Property and Equipment, gross 48,009 26,386
Less-Accumulated depreciation (13,913) (6,439)
Net property and equipment 34,096 19,947
Other long-term assets 4,070 1,200
Total assets 364,296 312,824
Current Liabilities:    
Accounts payable 3,308 2,647
Accrued liabilities 22,253 13,960
Debt and capital lease obligation, current portion 166 360
Other short-term liabilities 996 554
Total current liabilities 26,723 17,521
Long-term debt 4,852 1,000
Long-term accrued interest   106
Other long-term liabilities 4,804 3,599
Lease incentive obligation, less current portion 1,061 1,614
Total liabilities $ 37,440 $ 23,840
Commitments and contingencies (Note 8)
Stockholders' Equity:    
Preferred stock, $0.01 par value Authorized—5,000,000 shares Issued and outstanding—no shares at December 31, 2015 and December 31, 2014
Common stock, $0.01 par value Authorized—200,000,000 shares Issued and outstanding—96,674,786 and 88,626,042 shares at December 31, 2015 and December 31, 2014 $ 968 $ 887
Additional paid-in capital 904,931 709,019
Accumulated other comprehensive loss (433) (115)
Accumulated deficit (578,610) (420,807)
Total stockholders' equity 326,856 288,984
Total liabilities and stockholders’ equity $ 364,296 $ 312,824