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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 196,235 $ 215,229
Short-term investments 166,661 214,054
Restricted cash 4,274 3,421
Trade and other receivables, net 7,410 13,547
Unbilled - collaboration and license revenue 3,408 3,783
Inventories 3,576 4,101
Prepaid and other current assets 10,374 7,998
Total current assets 391,938 462,133
Property and equipment, net 4,872 4,264
Operating lease right-of-use assets 11,112 12,064
Inventories, noncurrent portion 70,439 56,096
Long-term investments 31,164 36,961
Prepaid and other long-term assets 3,781 6,965
Total assets 513,306 578,483
Current liabilities:    
Accounts payable 13,455 12,739
Accrued research and development 17,230 19,249
Accrued and other liabilities 39,920 49,773
Deferred revenue, current portion 1,188 1,623
Current portion of notes payable and long-term royalty-based debt 8,706 19,034
Total current liabilities 80,499 102,418
Notes payable, less current portion 46,269 43,100
Long term royalty-based debt, less current portion 171,237 162,897
Long term debt 118,400 118,096
Long term obligation to collaborator, less current portion 5,734 5,060
Deferred revenue, long-term 4,296 4,352
Long-term portion of lease liabilities 7,786 8,850
Other long-term liabilities 7,052 3,885
Total liabilities 441,273 448,658
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 March 31, 2020 and December 31, 2019; 78,484 shares and 77,925, shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 80 80
Additional paid-in capital 1,956,263 1,946,077
Accumulated deficit (1,885,138) (1,816,367)
Accumulated other comprehensive income 828 35
Total stockholders’ equity 72,033 129,825
Total liabilities and stockholders’ equity $ 513,306 $ 578,483