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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 297,304 $ 242,077
Short-term investments 1,992,676 2,055,579
Contracts receivable 52,580 92,188
Inventories 8,481 12,512
Other current assets 226,109 217,934
Total current assets 2,577,150 2,620,290
Property, plant and equipment, net 111,951 94,251
Right-of-use assets 163,933 161,856
Deposits and other assets 132,099 127,278
Total assets 2,985,133 3,003,675
Current liabilities:    
Accounts payable 22,800 42,964
Accrued compensation 46,564 69,614
Accrued liabilities 98,957 108,438
Income taxes payable 81 34
0 percent convertible senior notes, net 630,118 0
Current portion of deferred contract revenue 75,910 78,989
Other current liabilities 22,806 9,279
Total current liabilities 897,236 309,318
Long-term deferred contract revenue 125,095 156,504
Liability related to sale of future royalties, net 541,205 542,212
Long-term lease liabilities 164,379 161,805
Long-term obligations 59,074 51,924
Total liabilities 2,353,409 2,415,324
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 159,196,782 and 157,908,815 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 159 158
Additional paid-in capital 2,932,747 2,868,812
Accumulated other comprehensive income (27,987) (30,811)
Accumulated deficit (2,273,195) (2,249,808)
Total stockholders' equity 631,724 588,351
Total liabilities and stockholders’ equity 2,985,133 3,003,675
1.75 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net 566,420 565,026
0 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net $ 0 $ 628,535