Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 304,265	$ 138,951
Short-term investments	172,542	178,013
Restricted cash	3,201	1,062
Trade and other receivables, net	18,236	5,849
Unbilled - collaboration and license revenue	3,788	9,880
Inventories	2,357	7,873
Prepaid and other current assets	10,106	11,699
Total current assets	514,495	353,327
Property and equipment, net	4,561	5,236
Intangible assets	3,699	7,279
Operating lease right-of-use asset	11,836
Inventories, noncurrent portion	33,296	9,645
Prepaid and other long-term assets	9,298	10,932
Total assets	577,185	386,419
Current liabilities:
Accounts payable	13,760	13,215
Accrued research and development	15,629	19,831
Accrued and other liabilities	32,852	22,310
Deferred revenue, current portion	1,061	1,847
Current portion of notes payable and long-term royalty-based debt	24,189	11,802
Total current liabilities	87,491	69,005
Notes payable, less current portion	41,928	48,298
Long term royalty-based debt, less current portion	157,182	155,256
Long term debt	57,269	0
Long term obligation to collaborator, less current portion	5,124	6,881
Deferred revenue, long-term	4,399	4,488
Long-term portion of lease liability	9,464
Other long-term liabilities	1,440	11,924
Total liabilities	364,297	295,852
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.001 par value, 150,000 shares authorized at September 30, 2019 and December 31, 2018; 77,784 shares and 66,618 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively	79	68
Additional paid-in capital	1,932,428	1,614,320
Accumulated deficit	(1,719,691)	(1,525,704)
Accumulated other comprehensive income (loss)	72	(283)
Total Portola stockholders’ equity	212,888	88,401
Noncontrolling interest	0	2,166
Total stockholders’ equity	212,888	90,567
Total liabilities and stockholders’ equity	$ 577,185	$ 386,419