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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net loss $ (366,286) $ (269,722) $ (28,597)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation 10,292 14,328 15,487
Amortization of right-of-use operating lease assets 9,647 5,362 1,721
Amortization of other assets 2,559 2,415 2,352
Amortization of premium (discount) on investments, net (28,885) 7,389 17,776
Amortization of debt issuance costs 6,330 5,373 4,958
Non-cash royalty revenue related to sale of royalties (44,628) 0 0
Non-cash interest related to sale of future royalties 68,238 0 0
Stock-based compensation expense 105,809 100,264 120,678
Loss (gain) on early retirement of debt (13,389) 0 8,627
Non-cash losses related to disposal of property, plant and equipment 16,649 531 0
Loss (gain) on sale of real estate assets 161 (150,135) 0
Loss (gain) on investments 1,589 224 (1,092)
Non-cash losses related to other assets 1,661 2,030 2,707
Changes in operating assets and liabilities:      
Contracts receivable (72,059) 36,358 14,308
Inventories (6,392) 2,773 (2,841)
Other current and long-term assets (29,840) (24,682) (877)
Accounts payable 8,119 1,094 (6,000)
Income taxes (4,098) 6,213 (280)
Accrued compensation 18,549 10,368 (26,918)
Accrued liabilities and other current liabilities (5,506) 46,695 (8,381)
Deferred contract revenue 13,967 (71,248) (82,829)
Net cash provided by (used in) operating activities (307,513) (274,370) 30,799
Investing activities:      
Purchases of short-term investments (1,770,814) (1,485,772) (1,124,193)
Proceeds from sale of short-term investments 1,584,676 989,152 1,344,185
Purchases of property, plant and equipment (23,805) (15,721) (11,955)
Proceeds from sale of real estate assets 22 254,083 0
Acquisition of licenses and other assets, net (4,206) (4,378) (5,946)
Purchases of strategic investments 0 0 (7,185)
Net cash provided by (used in) investing activities (214,127) (262,636) 194,906
Financing activities:      
Proceeds from equity, net 49,442 6,373 11,565
Payments of tax withholdings related to vesting of employee stock awards and exercise of employee stock options 0 (10,953) (16,725)
Proceeds from sale of future royalties 500,000 0 0
Payments of transaction costs related to sale of future royalties (10,434) (29) 0
Proceeds from real estate transaction 32,352 0 0
Repayment of remaining principal amount of 1 percent convertible senior notes at maturity 0 0 (61,967)
Proceeds from issuance of warrants 0 0 89,752
Purchase of note hedges 0 0 (136,620)
Principal payments on debt (160) (50,686) 0
Net cash provided by (used in) financing activities 644,082 (55,295) 245,933
Effects of exchange rates on cash 352 (418) (111)
Net increase (decrease) in cash and cash equivalents 122,794 (592,719) 471,527
Cash and cash equivalents at beginning of year 276,472 869,191 397,664
Cash and cash equivalents at end of year 399,266 276,472 869,191
Supplemental disclosures of cash flow information:      
Interest paid 6,512 2,898 4,778
Income taxes paid 48,334 5,010 38
Supplemental disclosures of non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for lease liabilities 0 168,931 6,641
Amounts accrued for capital and patent expenditures 172 4,767 705
1.75 Percent Convertible Senior Notes [Member]      
Financing activities:      
Proceeds from issuance of convertible senior notes 575,000 0 0
Convertible senior notes issuance costs (14,175) 0 0
0.125 Percent Convertible Senior Notes [Member]      
Financing activities:      
Repurchase of convertible senior notes (487,943) 0 0
Repayment of remaining principal amount of 1 percent convertible senior notes at maturity (504,400)    
0 Percent Convertible Senior Notes [Member]      
Financing activities:      
Proceeds from issuance of convertible senior notes 0 0 632,500
Convertible senior notes issuance costs 0 0 (15,609)
Proceeds from issuance of warrants     89,800
Purchase of note hedges     (136,700)
1 Percent Convertible Senior Notes [Member]      
Financing activities:      
Repurchase of convertible senior notes $ 0 $ 0 (256,963)
Repayment of remaining principal amount of 1 percent convertible senior notes at maturity     $ (309,900)