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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 146,700 $ 181,568
Short-term investments 223,284 281,589
Restricted cash 272 173
Trade and other receivables, net 7,150 3,750
Unbilled - collaboration and license revenue 9,872  
Inventories 6,123 1,099
Prepaid research and development 963 734
Prepaid manufacturing 4,071 2,333
Prepaid expenses and other current assets 5,257 6,677
Total current assets 403,692 477,923
Property and equipment, net 4,921 5,217
Intangible assets 7,423 7,851
Long-term investments 10,881 71,076
Prepaid and other long-term assets 20,788 9,609
Total assets 447,705 571,676
Current liabilities:    
Accounts payable 15,163 9,304
Accrued compensation and employee benefits 8,197 11,526
Accrued research and development 16,675 44,973
Accrued and other liabilities 9,293 3,552
Deferred revenue, current portion 2,358 11,169
Current portion of notes payable and long term debt 9,395  
Total current liabilities 61,081 80,524
Notes payable, less current portion 49,074 50,565
Long term debt, less current portion 152,675 54,251
Long term obligation to collaborator, less current portion 7,204 8,000
Deferred revenue, long-term less current portion 5,085 18,798
Other long-term liabilities 5,658 10,045
Total liabilities 280,777 222,183
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value, 150,000,000 and 100,000,000 shares authorized at September 30, 2018 and December 31, 2017; 66,434,026 shares and 65,296,643 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 67 66
Additional paid-in capital 1,601,950 1,551,728
Accumulated deficit (1,437,156) (1,204,519)
Accumulated other comprehensive loss (437) (409)
Total Portola stockholders’ equity 164,424 346,866
Noncontrolling interest (SRX Cardio) 2,504 2,627
Total stockholders’ equity 166,928 349,493
Total liabilities and stockholders’ equity $ 447,705 $ 571,676