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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 204,281 $ 152,816
Held-to-maturity investments 405,632 196,065
Contract receivables 5,028 200,354
Prepaid expenses and other current assets 12,710 6,934
Total current assets 627,651 556,169
NONCURRENT ASSETS:    
Property and equipment, net 12,846 7,076
Right-of-use operating assets, net 28,136 30,102
Restricted cash equivalents 6,362 3,894
Other noncurrent assets 6,743 168
Total noncurrent assets 54,087 41,240
TOTAL ASSETS 681,738 597,409
CURRENT LIABILITIES:    
Accounts payable 7,249 6,077
Accrued expenses and other current liabilities 30,050 20,042
Lease liability, current 2,428 3,358
Deferred revenue, current 200,041 212,258
Total current liabilities 239,768 241,735
NONCURRENT LIABILITIES:    
Lease liability, noncurrent 19,160 20,141
Deferred revenue, noncurrent 268,502 182,730
Other noncurrent liabilities 608 608
Total noncurrent liabilities 288,270 203,479
TOTAL LIABILITIES 528,038 445,214
COMMITMENTS AND CONTINGENCIES (NOTE 11)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value – 5,000,000 shares authorized; no shares issued or outstanding at September 30, 2020 or December 31, 2019 0 0
Common stock, $0.0001 par value – 150,000,000 shares authorized; 74,680,999 and 71,573,196 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 7 7
Additional paid-in capital 755,170 677,504
Accumulated deficit (601,477) (525,316)
Total stockholders’ equity 153,700 152,195
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 681,738 $ 597,409