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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:              
Net loss $ (52,430) [1] $ 224,613   $ (269,722) $ (28,597) $ (479,743)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:              
Depreciation       14,328 15,487 13,365  
Amortization of right-of-use operating lease assets       5,362 1,721 1,731  
Amortization of other assets       2,415 2,352 2,064  
Amortization of premium on investments, net       7,389 17,776 11,521  
Amortization of debt issuance costs       5,373 4,958 3,255  
Stock-based compensation expense       100,264 120,678 230,117  
Loss on early retirement of debt       0 8,627 0  
Non-cash losses related to disposal of property, plant and equipment       531 0 0  
Gain on sale of real estate assets (150,100)     (150,135) 0 0  
Gain on investments       224 (1,092) (16,540)  
Deferred income taxes, including changes in valuation allowance       0 0 341,729  
Non-cash losses related to other assets       2,030 2,707 1,948  
Changes in operating assets and liabilities:              
Contracts receivable       36,358 14,308 (13,170)  
Inventories       2,773 (2,841) (1,261)  
Other current and long-term assets       (24,682) (877) (9,975)  
Long-term income taxes receivable (payable)       0 1,008 (89)  
Accounts payable       1,094 (6,000) (2,755)  
Income taxes       6,213 (1,288) (31,190)  
Accrued compensation       10,368 (26,918) 28,371  
Accrued liabilities and other current liabilities       46,695 (8,381) 32,424  
Deferred contract revenue       (71,248) (82,829) (75,910)  
Net cash provided by (used in) operating activities       (274,370) 30,799 35,892  
Investing activities:              
Purchases of short-term investments       (1,485,772) (1,124,193) (1,570,410)  
Proceeds from sale of short-term investments       989,152 1,344,185 1,885,935  
Purchases of property, plant and equipment       (15,721) (11,955) (35,120)  
Proceeds from sale of real estate assets       254,083 0 0  
Acquisition of licenses and other assets, net       (4,378) (5,946) (5,928)  
Purchases of strategic investments       0 (7,185) 0  
Net cash provided by (used in) investing activities       (262,636) 194,906 274,477  
Financing activities:              
Proceeds from equity, net       6,373 11,565 52,036  
Payments of tax withholdings related to vesting of employee stock awards and exercise of employee stock options       (10,953) (16,725) (13,411)  
Proceeds from the issuance of 0 percent convertible senior notes       0 632,500 0  
Royalty monetization issuance costs       (29) 0 0  
0 percent convertible senior notes issuance costs       0 (15,609) 0  
Repurchase of $247.9 million principal amount of 1 percent convertible senior notes       0 (256,963) 0  
Repayment of remaining principal amount of 1 percent convertible senior notes at maturity       0 (61,967) 0  
Proceeds from issuance of warrants       0 89,752 0  
Purchase of note hedges       0 (136,620) 0  
Repurchases and retirements of common stock     $ (90,500) 0 0 (90,548) $ (34,400)
Principal payments on debt       (50,686) 0 0  
Purchase of noncontrolling interest of Akcea Therapeutics, Inc., including cash payments for cancellation of Akcea Therapeutics, Inc. equity awards       0 0 (544,686)  
Net cash provided by (used in) financing activities       (55,295) 245,933 (596,609)  
Effects of exchange rates on cash       (418) (111) 617  
Net increase (decrease) in cash and cash equivalents       (592,719) 471,527 (285,623)  
Cash and cash equivalents at beginning of year     $ 683,287 869,191 397,664 683,287  
Cash and cash equivalents at end of year $ 276,472 $ 869,191   276,472 869,191 397,664 $ 683,287
Supplemental disclosures of cash flow information:              
Interest paid       2,898 4,778 6,247  
Income taxes paid       5,010 38 25,855  
Supplemental disclosures of non-cash investing and financing activities:              
Right-of-use assets obtained in exchange for lease liabilities       168,931 6,641 2,149  
Amounts accrued for capital and patent expenditures       $ 4,767 $ 705 $ 4,059  
[1] Our net loss for the three months ended December 31, 2022 includes the $150.1 million gain we recognized from the sale and leaseback transaction for our headquarters in Carlsbad, California.