XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 334,605 $ 399,266
Short-term investments 2,148,671 1,931,935
Contracts receivable 17,928 97,778
Inventories 28,452 28,425
Other current assets 184,194 184,449
Total current assets 2,713,850 2,641,853
Property, plant and equipment, net 82,502 71,043
Right-of-use assets 164,424 171,896
Deposits and other assets 120,323 105,280
Total assets 3,081,099 2,990,072
Current liabilities:    
Accounts payable 9,052 26,027
Accrued compensation 40,558 67,727
Accrued liabilities 124,396 147,894
Income taxes payable 41 2,151
0.125 percent convertible senior notes, net 44,467 44,332
Current portion of deferred contract revenue 76,018 151,128
Other current liabilities 10,034 8,831
Total current liabilities 304,566 448,090
Long-term deferred contract revenue 173,776 241,184
Liability related to sale of future royalties, net 538,102 513,736
Long-term lease liabilities 168,372 170,875
Long-term obligations 41,735 41,836
Total liabilities 2,418,631 2,603,386
Stockholders' equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 157,813,136 and 144,340,526 shares issued and outstanding at September 30, 2024 (unaudited) and December 31, 2023, respectively 158 144
Additional paid-in capital 2,831,942 2,215,098
Accumulated other comprehensive loss (24,173) (32,645)
Accumulated deficit (2,145,459) (1,795,911)
Total stockholders' equity 662,468 386,686
Total liabilities and stockholders' equity 3,081,099 2,990,072
1.75 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net 564,335 562,285
0 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net $ 627,745 $ 625,380