XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 379,099 [1] $ 489,407 [1]
Marketable securities, available for sale 860,255 [1] 831,808 [1]
Restricted cash and cash equivalents (Alios) 63,008 [1] 69,983 [1]
Accounts receivable, net 194,054 [1] 143,250 [1]
Inventories 21,532 [1] 30,464 [1]
Prepaid expenses and other current assets 47,835 [1] 24,673 [1]
Total current assets 1,565,783 [1] 1,589,585 [1]
Restricted cash 31,934 [1] 31,934 [1]
Property and equipment, net 504,232 [1] 433,609 [1]
Intangible assets 250,600 [1] 663,500 [1]
Goodwill 30,992 [1] 30,992 [1]
Other assets 8,693 [1] 9,668 [1]
Total assets 2,392,234 [1] 2,759,288 [1]
Current liabilities:    
Accounts payable 59,627 [1] 101,292 [1]
Accrued expenses 274,061 [1] 264,884 [1]
Deferred revenues, current portion 35,533 [1] 27,566 [1]
Accrued restructuring expense, current portion 4,911 [1] 4,758 [1]
Capital lease obligations, current portion 8,302 [1] 13,707 [1]
Other liabilities, current portion 25,205 [1] 20,417 [1]
Total current liabilities 407,639 [1] 432,624 [1]
Deferred revenues, excluding current portion 90,297 [1] 96,242 [1]
Accrued restructuring expense, excluding current portion 17,548 [1] 18,570 [1]
Capital lease obligations, excluding current portion 14,755 [1] 15,170 [1]
Convertible senior subordinated notes (due 2015) 400,000 [1] 400,000 [1]
Deferred tax liability 151,664 [1] 280,367 [1]
Construction financing lease obligation 316,821 [1] 268,031 [1]
Other liabilities, excluding current portion 16,678 [1] 13,902 [1]
Total liabilities 1,415,402 [1] 1,524,906 [1]
Commitments and contingencies    [1]    [1]
Redeemable noncontrolling interest (Alios) 38,872 [1] 38,530 [1]
Shareholders’ equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2013 and December 31, 2012 0 [1] 0 [1]
Common stock, $0.01 par value; 300,000,000 shares authorized at March 31, 2013 and December 31, 2012; 218,651,704 and 217,286,868 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively 2,160 [1] 2,149 [1]
Additional paid-in capital 4,574,987 [1] 4,519,448 [1]
Accumulated other comprehensive loss (1,149) [1] (550) [1]
Accumulated deficit (3,829,883) [1] (3,521,867) [1]
Total Vertex shareholders’ equity 746,115 [1] 999,180 [1]
Noncontrolling interest (Alios) 191,845 [1] 196,672 [1]
Total shareholders’ equity 937,960 [1] 1,195,852 [1]
Total liabilities and shareholders’ equity $ 2,392,234 [1] $ 2,759,288 [1]
[1] Amounts include the assets and liabilities of Vertex’s variable interest entity (“VIE”), Alios BioPharma, Inc. (“Alios”). Vertex’s interests and obligations with respect to the VIE’s assets and liabilities are limited to those accorded to Vertex in its agreement with Alios. See Note C, "Collaborative Arrangements," to these condensed consolidated financial statements for amounts.