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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 242,077 $ 399,266
Short-term investments 2,055,579 1,931,935
Contracts receivable 92,188 97,778
Inventories 12,512 7,441
Other current assets 217,934 205,433
Total current assets 2,620,290 2,641,853
Property, plant and equipment, net 94,251 71,043
Right-of-use assets 161,856 171,896
Deposits and other assets 127,278 105,280
Total assets 3,003,675 2,990,072
Current liabilities:    
Accounts payable 42,964 26,027
Accrued compensation 69,614 67,727
Accrued liabilities 108,438 147,894
Income taxes payable 34 2,151
0.125 percent convertible senior notes, net 0 44,332
Current portion of deferred contract revenue 78,989 151,128
Other current liabilities 9,279 8,831
Total current liabilities 309,318 448,090
Long-term deferred contract revenue 156,504 241,184
Liability related to sale of future royalties, net 542,212 513,736
Long-term lease liabilities 161,805 170,875
Long-term obligations 51,924 41,836
Total liabilities 2,415,324 2,603,386
Stockholders' equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 157,908,815 and 144,340,526 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 158 144
Additional paid-in capital 2,868,812 2,215,098
Accumulated other comprehensive loss (30,811) (32,645)
Accumulated deficit (2,249,808) (1,795,911)
Total stockholders' equity 588,351 386,686
Total liabilities and stockholders' equity 3,003,675 2,990,072
1.75 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net 565,026 562,285
0 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net $ 628,535 $ 625,380