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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 288,678 $ 113,938
Investments, available-for-sale 233,120 369,616
Accounts receivable, net 3,403 663
Unbilled accounts receivable 20,877 22,749
Inventory 4,359  
Prepaid expenses and other current assets 17,875 9,820
Total current assets 568,312 516,786
Investments, available-for-sale 128,475 64,406
Property and equipment, net 36,745 38,361
Operating lease right-of-use assets, net 70,471 72,753
Restricted cash 5,168 5,166
Other assets 8,286 10,222
Total assets 817,457 707,694
Current liabilities:    
Accounts payable 5,591 4,793
Accrued expenses 84,062 88,706
Current portion of operating lease liabilities 7,416 6,823
Current portion of deferred revenue 8,017 6,160
Total current liabilities 105,086 106,482
Operating lease liabilities, net of current portion 85,727 89,126
Deferred revenue, net of current portion 36,688 39,913
Other long-term liabilities 8,589 7,814
Total liabilities 236,090 243,335
Commitments (Note 15)
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value; 120,000,000 shares authorized; 54,284,501 and 49,272,223 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 54 49
Additional paid-in capital 1,762,099 1,412,083
Accumulated other comprehensive loss (1,120) (2,535)
Accumulated deficit (1,179,666) (945,238)
Total stockholders' equity 581,367 464,359
Total liabilities and stockholders' equity $ 817,457 $ 707,694