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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 521,396 $ 436,575
Short-term investments 211,636 300,286
Restricted cash and cash equivalents, current 8,601 7,993
Receivable from collaboration 112,500  
Contract asset 112,500  
Prepaid expenses and other current assets 26,481 27,511
Total current assets 993,114 772,365
Intangible assets, net 33,687 33,820
Goodwill 16,937 16,937
Property and equipment, net 17,291 17,946
Operating right-of-use assets 60,461 61,947
Restricted cash and cash equivalents, noncurrent 6,998 6,919
Other assets 7,096 8,827
TOTAL ASSETS 1,135,584 918,761
CURRENT LIABILITIES:    
Accounts payable 3,701 5,077
Accrued and other liabilities 70,069 76,936
Deferred revenue, current portion 262,929 6,451
Contingent consideration, current portion 24,400 10,600
Total current liabilities 361,099 99,064
Deferred revenue, noncurrent 3,815 3,815
Operating lease liabilities, noncurrent 66,615 66,556
Contingent consideration, noncurrent 46,036 25,374
Deferred tax liability 3,253 3,253
Other long-term liabilities 3,815 3,847
TOTAL LIABILITIES 484,633 201,909
Commitments and contingencies (Note 8)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2021 and December 31, 2020; no shares issued and outstanding as of March 31, 2021 and December 31, 2020
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2021 and December 31, 2020; 129,891,856 and 127,416,740 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 13 13
Additional paid-in capital 1,488,337 1,385,301
Accumulated other comprehensive loss (1,304) (1,278)
Accumulated deficit (836,095) (667,184)
TOTAL STOCKHOLDERS’ EQUITY 650,951 716,852
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,135,584 $ 918,761