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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 549,144 $ 251,409
Restricted cash 44,700 44,700
Accounts receivable, net of allowances of $374 and $564 at March 31, 2020 and December 31, 2019, respectively 95,484 145,413
Inventory 34,617 32,056
Prepaid expenses and other assets 27,752 26,079
Total current assets 751,697 499,657
Property and equipment, net 30,500 28,936
Operating lease, right of use asset 11,986 10,117
Intangible assets, net 29,332 30,579
Goodwill 24,783 24,783
Other assets 47,798 44,620
Deferred tax assets, net 86,806 74,531
Convertible notes hedge 47,885 0
Total assets 1,030,787 713,223
Current liabilities:    
Accounts payable 34,538 57,474
Accrued liabilities 49,817 47,092
Deferred revenues, current 39,022 81,783
Warranty obligations, current (includes $6,578 and $6,794 measured at fair value at March 31, 2020 and December 31, 2019, respectively) 9,678 10,078
Debt, current 100,567 2,884
Total current liabilities 233,622 199,311
Long-term liabilities:    
Deferred revenues, noncurrent 106,205 100,204
Warranty obligations, noncurrent (includes $13,847 and $13,012 measured at fair value at March 31, 2020 and December 31, 2019, respectively) 27,823 27,020
Other liabilities 13,077 11,817
Debt, noncurrent [1] 295,216 102,659
Warrants liability 38,637 0
Total liabilities 714,580 441,011
Commitments and contingent liabilities (Note 9)
Stockholders’ equity:    
Common stock, $0.00001 par value, 150,000 shares and 150,000 shares authorized; and 125,072 shares and 123,109 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital 433,542 458,315
Accumulated deficit (116,245) (185,181)
Accumulated other comprehensive loss (1,091) (923)
Total stockholders’ equity 316,207 272,212
Total liabilities and stockholders’ equity 1,030,787 $ 713,223
Convertible notes embedded derivative $ 45,100  
[1]
Debt, noncurrent balance as of March 31, 2020, includes Convertible Notes due 2025 embedded derivative balance of $45.1 million. See Note 8, “Debt,” of the notes to condensed consolidated financial statements included in Part I, Item 1 of this Form 10-Q for further details.