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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,995,893 $ 1,665,412
Marketable securities 481,124 423,254
Restricted cash and cash equivalents (VIE) 9,573 1,489
Accounts receivable, net 327,294 281,343
Inventories 117,346 111,830
Prepaid expenses and other current assets 109,886 165,635
Total current assets 3,041,116 2,648,963
Property and equipment, net 800,670 789,437
Intangible assets 29,000 29,000
Goodwill 50,384 50,384
Other assets 31,804 28,230
Total assets 3,952,974 3,546,014
Current liabilities:    
Accounts payable 74,062 73,994
Accrued expenses 411,231 443,961
Capital lease obligations, current portion 16,919 22,531
Early access sales accrual 268,446 232,401
Other liabilities, current portion 56,654 34,373
Total current liabilities 827,312 807,260
Capital lease obligations, excluding current portion 16,911 20,496
Deferred tax liability 9,636 6,341
Construction financing lease obligation, excluding current portion 561,295 563,406
Advance from collaborator, excluding current portion 79,537 78,431
Other liabilities, excluding current portion 27,462 27,774
Total liabilities 1,522,153 1,503,708
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized; 254,934,949 and 253,253,362 shares issued; and 254,867,865 and 253,253,362 shares outstanding, respectively 2,541 2,512
Additional paid-in capital 7,314,369 7,157,362
Accumulated other comprehensive loss (39,743) (11,572)
Accumulated deficit (4,876,111) (5,119,723)
Total Vertex shareholders’ equity 2,401,056 2,028,579
Noncontrolling interest 29,765 13,727
Total shareholders’ equity 2,430,821 2,042,306
Total liabilities and shareholders’ equity $ 3,952,974 $ 3,546,014