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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 280,720 $ 885,562
Short-term investments 915,789 504,544
Other current assets 81,584 13,537
Total current assets 1,278,093 1,403,643
Property and equipment, net 12,243 7,809
Long-term investment 8,947 15,629
Right-of-use asset 38,705 39,890
Other long-term assets 17,709 9,157
Total assets 1,355,697 1,476,128
Current liabilities    
Accounts payable 23,869 18,117
Accrued liabilities 91,997 53,355
Deferred revenue 65,000 0
Total current liabilities 180,866 71,472
Lease liability 44,483 41,905
Other liabilities 1,428 1,962
Total liabilities 226,777 115,339
Commitments and contingencies (see Note 9)
Shareholders’ equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding at both June 30, 2021 and December 31, 2020 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized; 51,608,944 and 50,439,069 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 52 50
Additional paid-in capital 2,551,615 2,481,218
Accumulated other comprehensive income 9,601 9,759
Accumulated deficit (1,432,348) (1,130,238)
Total shareholders’ equity 1,128,920 1,360,789
Total liabilities and shareholders’ equity $ 1,355,697 $ 1,476,128