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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 143,228 $ 140,544
Short-term marketable securities 379,574 278,417
Accounts receivable 47,986 35,690
Inventory 15,181 9,136
Prepaid expenses and other current assets 11,389 5,204
Total current assets 597,358 468,991
Long-term marketable securities 268,783 77,563
Property and equipment, net 43,668 31,003
Right-of-use assets 29,140  
Intangible assets, net 8,524 0
Goodwill 3,290 0
Capitalized license fees 6,890 7,800
Other assets 4,882 2,046
Total Assets [1],[2] 962,535 587,403
Current liabilities:    
Accounts payable 16,197 10,642
Accrued compensation 18,557 12,986
Accrued expenses 25,703 7,178
Deferred revenue 12,277 16,138
Total current liabilities 72,734 46,944
Long-term operating lease liabilities 33,256  
Deferred rent, net of current portion 0 7,844
Obligation related to royalty 6,880 7,338
Other long-term liabilities 1,672 325
Total Liabilities [1],[2] 114,542 62,451
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest 49,600 41,800
Stockholders’ equity:    
Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2019 and 2018 0 0
Common stock, par value of $0.00001 per share; 350,000,000 and 350,000,000 shares authorized as of December 31, 2019 and 2018, respectively; 94,261,414 and 85,832,454 shares issued and outstanding as of December 31, 2019 and 2018, respectively 1 1
Additional paid-in capital 1,150,090 764,033
Accumulated other comprehensive gain (loss) 1,111 (83)
Accumulated deficit (352,809) (280,799)
Total Stockholders’ Equity 798,393 483,152
Total Liabilities, Redeemable Noncontrolling Interest and Stockholders’ Equity $ 962,535 $ 587,403
[1] As of December 31, 2019 and 2018, includes $45.1 million and $48.3 million of assets, respectively, that can be used only to settle obligations of the consolidated variable interest entity (“VIE”) and VIE’s subsidiaries, and $5.7 million and $1.2 million of liabilities, respectively, of the consolidated VIE  of liabilities of consolidated VIE and VIE’s subsidiaries for which their creditors do not have recourse to the general credit of the Company. See Note 3, Investment in Joint Venture.
[2] Fiscal 2018 does not reflect the impact of the adoption of the new revenue accounting and lease accounting standards in fiscal year 2019.