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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 275,138 $ 478,750
Accounts receivable 12,596 4,467
Unbilled receivable 1,531 2,345
Contract assets 0 3,000
Non-cash royalty receivable 3,851 4,115
Prepaid and other current assets 11,005 7,322
Total current assets 304,121 499,999
Property and equipment, net of accumulated depreciation 4,377 4,663
Operating lease right-of-use assets 10,231 12,392
Long-term inventory 16,196  
Other assets 14,011 8,711
Total assets 348,936 525,765
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 45,353 18,434
Accrued compensation 11,111 5,469
Other accrued liabilities 38,783 23,077
Current portion of liability related to the sale of future royalties, net of deferred financing costs of $162 and $198, respectively 8,659 6,077
Current portion of operating lease liability 4,096 3,537
Current portion of deferred revenue 13,856 44,351
Total current liabilities 121,858 100,945
Deferred revenue, net of current portion 36,355 47,717
Operating lease liability, net of current portion 11,148 15,244
Liability related to the sale of future royalties, net of current portion and deferred financing costs of $205 and $381, respectively 23,449 34,967
Other long-term liabilities 300 1,306
Total liabilities 193,110 200,179
Commitments and contingencies (Note L)
Shareholders' equity:    
Preferred stock, $.01 par value; authorized 5,000 shares; no shares issued and outstanding as of each of December 31, 2022 and 2021
Common stock, $.01 par value; authorized 600,000 shares; 226,046 and 220,361 shares issued and outstanding as of December 31, 2022 and 2021, respectively 2,260 2,204
Additional paid-in capital 1,847,638 1,794,525
Accumulated deficit (1,694,072) (1,471,143)
Total shareholders' equity 155,826 325,586
Total liabilities and shareholders' equity $ 348,936 $ 525,765