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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 93,337 $ 128,797
Short-term investments 610,467 650,386
Contracts receivable 16,480 11,356
Inventories 6,520 6,899
Investment in Regulus Therapeutics Inc. 19,703 24,792
Other current assets 17,403 14,773
Total current assets 763,910 837,003
Property, plant and equipment, net 90,365 90,233
Patents, net 20,144 19,316
Deposits and other assets 1,400 1,348
Total assets 875,819 947,900
Current liabilities:    
Accounts payable 19,464 28,355
Accrued compensation 6,338 16,065
Accrued liabilities 26,172 28,105
Current portion of long-term obligations 8,826 9,029
Current portion of deferred contract revenue 63,695 67,322
Total current liabilities 124,495 148,876
Long-term deferred contract revenue 123,084 134,306
Long-term obligations, less current portion 2,372 2,341
Long-term financing liability for leased facility 72,251 72,217
Total liabilities 717,657 747,110
Stockholders' equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 120,717,810 and 120,351,480 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 121 120
Additional paid-in capital 1,331,945 1,309,107
Accumulated other comprehensive loss (16,115) (13,565)
Accumulated deficit (1,157,789) (1,094,872)
Total stockholders' equity 158,162 200,790
Total liabilities and stockholders' equity 875,819 947,900
1 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes 345,265 339,847
2 3/4 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes $ 50,190 $ 49,523