XML 31 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 399,266 $ 276,472
Short-term investments 1,931,935 1,710,397
Contracts receivable 97,778 25,538
Inventories 28,425 22,033
Other current assets 184,449 168,254
Total current assets 2,641,853 2,202,694
Property, plant and equipment, net 71,043 74,294
Right-of-use assets 171,896 181,544
Deposits and other assets 105,280 75,344
Total assets 2,990,072 2,533,876
Current liabilities:    
Accounts payable 26,027 17,921
Accrued compensation 67,727 49,178
Accrued liabilities 147,894 140,101
Income taxes payable 2,151 6,249
0.125 percent convertible senior notes, net 44,332 0
Current portion of deferred contract revenue 151,128 90,577
Other current liabilities 8,831 7,535
Total current liabilities 448,090 311,561
Long-term deferred contract revenue 241,184 287,768
Liability related to sale of future royalties, net 513,736 0
Long-term lease liabilities 170,875 178,941
Long-term obligations 41,836 15,973
Total liabilities 2,603,386 1,960,989
Stockholders' equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 144,340,526 and 142,057,736 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 144 142
Additional paid-in capital 2,215,098 2,059,850
Accumulated other comprehensive loss (32,645) (57,480)
Accumulated deficit (1,795,911) (1,429,625)
Total stockholders' equity 386,686 572,887
Total liabilities and stockholders' equity 2,990,072 2,533,876
1.75 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net 562,285 0
0 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net 625,380 622,242
0.125 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net $ 0 $ 544,504