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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 332,798 $ 58,064
Short-term marketable securities 154,233 222,767
Receivables from collaborative arrangements 14,214 11,996
Receivables from licensing arrangements 1,200 10,000
Amounts due from TRC, LLC 26,282 28,574
Other prepaid and current assets 5,491 7,087
Total current assets 534,218 338,488
Property and equipment, net 13,905 12,644
Long-term marketable securities 5,067 4,985
Operating lease assets 46,106 46,604
Tax receivable 3,972 3,682
Restricted cash 833 833
Other assets 1,308 1,590
Total assets 605,409 408,826
Current liabilities:    
Accounts payable 6,645 4,758
Accrued personnel-related expenses 24,708 28,180
Accrued clinical and development expenses 22,658 17,587
Accrued interest payable 6,323 5,659
Non-recourse notes due 2033, net   9,851
Operating lease liabilities 7,954 7,762
Deferred revenue 23,193 31,575
Other accrued liabilities 6,559 6,331
Total current liabilities 98,040 111,703
Convertible senior notes due 2023, net 226,158 225,890
Non-recourse notes due 2035, net 373,854  
Non-recourse notes due 2033, net   219,300
Long-term operating lease liabilities 47,199 47,725
Long-term deferred revenue 8,511 6,761
Other long-term liabilities 9,583 21,287
Commitments and contingencies
Shareholders' Deficit    
Preferred shares, $0.00001 par value: 230 shares authorized, no shares issued or outstanding 0 0
Ordinary shares, $0.00001 par value: 200,000 shares authorized; 63,004 and 57,015 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital 1,173,204 1,024,614
Accumulated other comprehensive income 512 145
Accumulated deficit (1,331,653) (1,248,600)
Total shareholders' deficit (157,936) (223,840)
Total liabilities and shareholders' deficit $ 605,409 $ 408,826