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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 344,021 $ 188,480
Short-term investments 225,107 130,291
Restricted cash (SRX Cardio) 170 178
Prepaid research and development 1,888 7,299
Prepaid expenses and other current assets 8,766 2,680
Total current assets 579,952 328,928
Property and equipment, net 5,614 6,143
Intangible assets 7,996 3,151
Long-term investments 28,625  
Prepaid and other long-term assets 9,609 5,214
Total assets 631,796 343,436
Current liabilities:    
Accounts payable 17,463 14,546
Accrued compensation and employee benefits 8,910 4,806
Accrued research and development 24,144 23,818
Accrued and other liabilities 4,065 1,696
Deferred revenue, current portion 15,187 20,798
Total current liabilities 69,769 65,664
Notes payable, long-term 52,505 49,815
Long term debt 52,388  
Long term obligation to Collaborator 8,000 8,000
Deferred revenue, long-term 17,833 24,965
Other long-term liabilities 2,912 2,303
Total liabilities 203,407 150,747
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized at September 30, 2017 and December 31, 2016; 65,217,575 shares and 56,544,218 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 67 57
Additional paid-in capital 1,538,583 1,108,832
Accumulated deficit (1,112,571) (918,345)
Accumulated other comprehensive loss (37) (12)
Total Portola stockholders’ equity 426,042 190,532
Noncontrolling interest (SRX Cardio) 2,347 2,157
Total stockholders’ equity 428,389 192,689
Total liabilities and stockholders’ equity $ 631,796 $ 343,436