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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 226,793 $ 138,951
Short-term investments 96,048 178,013
Restricted cash 1,528 1,062
Trade and other receivables, net 11,787 5,849
Unbilled - collaboration and license revenue 6,317 9,880
Inventories 2,672 7,873
Prepaid and other current assets 9,713 11,699
Total current assets 354,858 353,327
Property and equipment, net 5,032 5,236
Intangible assets 7,137 7,279
Prepaid and other long-term assets 33,355 20,577
Total assets 400,382 386,419
Current liabilities:    
Accounts payable 9,748 13,215
Accrued research and development 18,376 19,831
Accrued and other liabilities 28,413 22,310
Deferred revenue, current portion 2,212 1,847
Current portion of notes payable and long term royalty-based debt 15,079 11,802
Total current liabilities 73,828 69,005
Notes payable, less current portion 46,860 48,298
Long term royalty-based debt, less current portion 156,926 155,256
Long term debt 56,839  
Long term obligation to collaborator, less current portion 6,438 6,881
Deferred revenue, long-term less current portion 4,426 4,488
Other long-term liabilities 4,415 11,924
Total liabilities 349,732 295,852
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value, 150,000 shares authorized at March 31, 2019 and December 31, 2018; 67,977 shares and 66,618 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 70 68
Additional paid-in capital 1,652,292 1,614,320
Accumulated deficit (1,603,860) (1,525,704)
Accumulated other comprehensive loss (80) (283)
Total Portola stockholders’ equity 48,422 88,401
Noncontrolling interest 2,228 2,166
Total stockholders’ equity 50,650 90,567
Total liabilities and stockholders’ equity $ 400,382 $ 386,419