Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 215,229,000	$ 138,951,000
Short-term investments	214,054,000	178,013,000
Restricted cash	3,421,000	1,062,000
Trade and other receivables, net	13,547,000	5,849,000
Unbilled - collaboration and license revenue	3,783,000	9,880,000
Inventories	4,101,000	7,873,000
Prepaid and other current assets	7,998,000	11,699,000
Total current assets	462,133,000	353,327,000
Property and equipment, net	4,264,000	5,236,000
Intangible assets	0	7,279,000
Operating lease right-of-use assets	12,064,000
Inventories, noncurrent portion	56,096,000	9,645,000
Long-term investments	36,961,000	0
Prepaid and other long-term assets	6,965,000	10,932,000
Total assets	578,483,000	386,419,000
Current liabilities:
Accounts payable	12,739,000	13,215,000
Accrued research and development	19,249,000	19,831,000
Accrued and other liabilities	49,773,000	22,310,000
Deferred revenue, current portion	1,623,000	1,847,000
Current portion of notes payable and long-term royalty-based debt	19,034,000	11,802,000
Total current liabilities	102,418,000	69,005,000
Notes payable, less current portion	43,100,000	48,298,000
Long term royalty-based debt, less current portion	162,897,000	155,256,000
Long term debt	118,096,000	0
Long term obligation to collaborator, less current portion	5,060,000	6,881,000
Deferred revenue, long-term	4,352,000	4,488,000
Long-term portion of lease liabilities	8,850,000
Other long-term liabilities	3,885,000	11,924,000
Total liabilities	448,658,000	295,852,000
Commitments and contingencies (Note 9)
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 December 31, 2019 and 2018; 77,925 and 66,618 shares issued and outstanding at December 31, 2019 and 2018, respectively	80,000	68,000
Additional paid-in capital	1,946,077,000	1,614,320,000
Accumulated deficit	(1,816,367,000)	(1,525,704,000)
Accumulated other comprehensive income (loss)	35,000	(283,000)
Total Portola stockholders’ equity	129,825,000	88,401,000
Noncontrolling interest	0	2,166,000
Total stockholders’ equity	129,825,000	90,567,000
Total liabilities and stockholders’ equity	$ 578,483,000	$ 386,419,000