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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 264,192 $ 242,077
Short-term investments 1,880,960 2,055,579
Contracts receivable 39,707 92,188
Inventories 11,502 12,512
Other current assets 222,571 217,934
Total current assets 2,418,932 2,620,290
Property, plant and equipment, net 102,925 94,251
Right-of-use assets 159,269 161,856
Deposits and other assets 131,822 127,278
Total assets 2,812,948 3,003,675
Current liabilities:    
Accounts payable 17,456 42,964
Accrued compensation 26,575 69,614
Accrued liabilities 102,735 108,438
Income taxes payable 126 34
Current portion of deferred contract revenue 81,097 78,989
Other current liabilities 22,304 9,279
Total current liabilities 250,293 309,318
Long-term deferred contract revenue 140,678 156,504
Liability related to sale of future royalties, net 536,141 542,212
Long-term lease liabilities 159,392 161,805
Long-term obligations 55,671 51,924
Total liabilities 2,337,222 2,415,324
Stockholders' equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 159,041,259 and 157,908,815 shares issued and outstanding at March 31, 2025 (unaudited) and December 31, 2024, respectively 159 158
Additional paid-in capital 2,901,262 2,868,812
Accumulated other comprehensive loss (28,949) (30,811)
Accumulated deficit (2,396,746) (2,249,808)
Total stockholders' equity 475,726 588,351
Total liabilities and stockholders' equity 2,812,948 3,003,675
1.75 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net 565,721 565,026
0 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net $ 629,326 $ 628,535