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Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
IPO
Follow-on Offering
Convertible Preferred Stock
Common Stock
Common Stock
IPO
Common Stock
Follow-on Offering
Additional Paid-In Capital
Additional Paid-In Capital
IPO
Additional Paid-In Capital
Follow-on Offering
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest (Development Partner)
Balance at beginning of year at Dec. 31, 2012 $ (191,569)     $ 317,280 $ 1     $ 10,717     $ (202,320) $ 33  
Balance at beginning of year (in shares) at Dec. 31, 2012       24,026,797 1,385,508                
Exercise of employee stock options for cash 2,529             2,529          
Exercise of employee stock options for cash (in shares)         403,468                
Lapse of repurchase rights related to common shares issued pursuant to early exercises (in shares)         500                
Lapse of repurchase rights related to common shares issued pursuant to early exercises 4             4          
Conversion of preferred stock warrants to common stock warrants 659             659          
Conversion of preferred stock to common stock (in shares)       (24,026,797) 24,026,797                
Conversion of preferred stock to common stock 317,280     $ (317,280) $ 24     317,256          
Issuance of stock (in shares)           9,686,171 5,412,686            
Issuance of stock   $ 125,872 $ 119,975     $ 11 $ 5   $ 125,861 $ 119,970      
Employee stock-based compensation expense 4,140             4,140          
Compensation expense relating to stock options granted to consultants 775             775          
Unrealized gain on available-for-sale securities, net of tax 22                     22  
Net loss (83,352)                   (83,352)    
Balance at end of the year at Dec. 31, 2013 296,335       $ 41     581,911     (285,672) 55  
Balance at end of the year (in shares) at Dec. 31, 2013         40,915,130                
Exercise of employee stock options for cash 4,399       $ 1     4,398          
Exercise of employee stock options for cash (in shares)         652,125                
Lapse of repurchase rights related to common shares issued pursuant to early exercises (in shares)         500                
Lapse of repurchase rights related to common shares issued pursuant to early exercises 4             4          
Issuance of common stock upon cashless exercise of common stock warrants (shares)         40,314                
Issuance of common stock pursuant to ESPP purchase (in shares)         28,737                
Issuance of common stock pursuant to ESPP purchase 579             579          
Issuance of stock (in shares)           7,130,000              
Issuance of stock   174,621       $ 7     174,614        
Employee stock-based compensation expense 8,514             8,514          
Compensation expense relating to stock options granted to consultants 769             769          
Unrealized gain on available-for-sale securities, net of tax (294)                     (294)  
Net loss (137,125)                   (137,125)    
Balance at end of the year at Dec. 31, 2014 347,802       $ 49     770,789     (422,797) (239)  
Balance at end of the year (in shares) at Dec. 31, 2014         48,766,806                
Balance at end of the year at Dec. 31, 2014 347,802                        
Exercise of employee stock options for cash $ 11,111       $ 1     11,110          
Exercise of employee stock options for cash (in shares) 1,095,486       1,095,486                
Lapse of repurchase rights related to common shares issued pursuant to early exercises (in shares)         125                
Issuance of common stock upon cashless exercise of common stock warrants (shares)         3,041                
Issuance of common stock pursuant to ESPP purchase (in shares)         30,307                
Issuance of common stock pursuant to ESPP purchase $ 837       $ 1     836          
Issuance of stock (in shares)           6,463,750              
Issuance of stock   $ 271,096       $ 6     $ 271,090        
Employee stock-based compensation expense 20,172             20,172          
Compensation expense relating to stock options granted to consultants 2,794             2,794          
Unrealized gain on available-for-sale securities, net of tax 89                     89  
Consolidation of variable interest entity 2,927                       $ 2,927
Net loss (226,505)                   (226,505)    
Balance at end of the year at Dec. 31, 2015 [1] 427,396                        
Balance at end of the year (in shares) at Dec. 31, 2015         56,359,515                
Balance at end of the year at Dec. 31, 2015 $ 430,323 [1]       $ 57     $ 1,076,791     $ (649,302) $ (150) $ 2,927
[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.