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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 65,477 $ 70,052
Short-term investments 278,187 402,301
Contracts receivable 6,921 1,242
Inventories 4,139 2,484
Other current assets 5,415 7,058
Total current assets 360,139 483,137
Property, plant and equipment, net 96,615 35,703
Licenses, net 9,036 12,288
Patents, net 16,259 15,821
Deposits and other assets 2,845 3,528
Total assets 484,894 550,477
Current liabilities:    
Accounts payable 8,300 6,523
Accrued compensation 9,183 6,831
Accrued liabilities 18,655 12,389
Current portion of long-term obligations 3,390 5,645
Current portion of deferred contract revenue 36,584 74,502
Total current liabilities 76,112 105,890
Long-term deferred contract revenue 17,474 50,413
2 5/8 percent convertible subordinated notes 141,448 132,895
Long-term obligations, less current portion 4,125 5,720
Long-term financing liability for leased facility 69,877 10,147
Investment in Regulus Therapeutics Inc. 4,424 870
Total liabilities 313,460 305,935
Stockholders' equity:    
Common stock, $0.001 par value; 200,000,000 shares authorized, 100,042,976 and 99,393,780 shares issued and outstanding at December 31, 2011 and 2010, respectively 100 99
Additional paid-in capital 1,013,592 1,000,181
Accumulated other comprehensive income (loss) (770) 949
Accumulated deficit (841,488) (756,687)
Total stockholders' equity 171,434 244,542
Total liabilities and stockholders' equity $ 484,894 $ 550,477