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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
[1]
Current assets:    
Cash and cash equivalents $ 158,136 $ 175,126
Short-term investments 682,886 355,407
Prepaid expenses and other current assets 13,036 14,043
Total current assets 854,058 544,576
Long-term investments 207,993 58,322
Operating lease right-of-use asset 41,557 44,495
Property and equipment, net 102,653 56,449
Intangible assets, net 0 151
Restricted cash 9,449 4,299
Other long-term assets 2,274 4,618
Equity method investment 4,516 4,892
Total assets 1,222,500 717,802
Current liabilities:    
Accounts payable 10,151 9,250
Accrued and other current liabilities 39,979 23,829
Total current liabilities 50,130 33,079
Lease liability, noncurrent 50,846 51,349
Other long-term liabilities 2,793 4,351
Total liabilities 103,769 88,779
Commitments and Contingencies (Notes 6 and 7)
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized as of September 30, 2020 and December 31, 2019; no shares were issued and outstanding as of September 30, 2020 and December 31, 2019 0 0
Common stock, $0.001 par value: 200,000,000 shares authorized as of September 30, 2020 and December 31, 2019; 139,755,839 and 124,267,358 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 140 124
Additional paid-in capital 1,695,411 1,023,876
Accumulated deficit (577,773) (396,122)
Accumulated other comprehensive income 953 1,145
Total stockholders’ equity 1,118,731 629,023
Total liabilities and stockholders’ equity $ 1,222,500 $ 717,802
[1] The balance sheet as of December 31, 2019 is derived from the audited financial statements as of that date.