Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2015		Dec. 31, 2014
Current assets:
Cash and cash equivalents		$ 186,488	[1]	$ 57,514
Short-term investments		257,713	[1]	251,759
Restricted cash (Development Partner)	[1]	341
Receivables from collaborators		1,000	[1]	57
Prepaid research and development		16,976	[1]	1,686
Prepaid expenses and other current assets		3,059	[1]	4,061
Total current assets		465,577	[1]	315,077
Property and equipment, net		6,243	[1]	2,776
Intangible asset	[1]	3,151
Long-term investments		15,960	[1]	83,030
Prepaid and other long-term assets		11,993	[1]	15,612
Total assets		502,924	[1]	416,495
Current liabilities:
Accounts payable		10,279	[1]	14,084
Accrued compensation and employee benefits		5,459	[1]	3,512
Accrued research and development		24,195	[1]	12,545
Accrued and other liabilities		2,826	[1]	1,421
Deferred revenue, current portion		8,387	[1]	9,569
Total current liabilities		51,146	[1]	41,131
Deferred revenue, long-term		18,629	[1]	27,016
Other long-term liabilities		2,826	[1]	546
Total liabilities		$ 72,601	[1]	$ 68,693
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding			[1]
Common stock, $0.001 par value, 100,000,000 shares authorized at December 31, 2014 and 2013; 48,766,806 shares and 40,915,130 shares issued and outstanding at December 31, 2014 and 2013, respectively		$ 57	[1]	$ 49
Additional paid-in capital		1,076,791	[1]	770,789
Accumulated deficit		(649,302)	[1]	(422,797)
Accumulated other comprehensive income/(loss)		(150)	[1]	(239)
Total Portola stockholders’ equity		427,396	[1]	347,802
Noncontrolling interest (Development Partner)	[1]	2,927
Total stockholders' equity		430,323	[1]	347,802
Total liabilities and stockholders’ equity		$ 502,924	[1]	$ 416,495

[1] Amounts include the assets and liabilities of a consolidated variable interest entity (“VIE”). Portola's interests and obligations with respect to the VIE's assets and liabilities are limited to those accorded to Portola in its agreement with the VIE. See Note 8, “Asset Acquisition and License Agreements,” to these consolidated financial statements.