XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 454,061 $ 475,320
Marketable securities, available for sale 769,273 493,602
Restricted cash and cash equivalents (Alios) 56,024 [1] 51,878 [1]
Accounts receivable, net 185,618 183,135
Inventories 87,805 112,430
Prepaid expenses and other current assets 40,524 [1] 14,889 [1]
Total current assets 1,593,305 1,331,254
Restricted cash 34,090 34,090
Property and equipment, net 272,561 [1] 133,176 [1]
Intangible assets 663,500 [1] 663,500 [1]
Goodwill 30,992 [1] 30,992 [1]
Other assets 10,408 [1] 11,268 [1]
Total assets 2,604,856 2,204,280
Current liabilities:    
Accounts payable 59,352 [1] 74,642 [1]
Accrued expenses and other current liabilities 271,464 [1] 252,299 [1]
Accrued interest 3,363 [1] 3,363 [1]
Deferred revenues, current portion 27,296 45,037
Accrued restructuring expense, current portion 4,681 4,932
Other liabilities, current portion 13,353  
Income taxes payable (Alios) 201 [1] 12,075 [1]
Total current liabilities 379,710 392,348
Deferred revenues, excluding current portion 110,072 118,095
Accrued restructuring expense, excluding current portion 20,149 21,381
Convertible senior subordinated notes (due 2015) 400,000 400,000
Deferred tax liability 263,017 [1] 243,707 [1]
Construction financing obligation 160,291 55,950
Other liabilities, excluding current portion 28,010 [1] 7,287 [1]
Total liabilities 1,361,249 1,238,768
Commitments and contingencies:      
Redeemable noncontrolling interest (Alios) 37,914 [1] 37,036 [1]
Shareholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding at June 30, 2012 and December 31, 2011      
Common stock, $0.01 par value; 300,000,000 shares authorized; 215,434,666 and 209,303,995 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 2,133 2,072
Additional paid-in capital 4,424,489 4,200,659
Accumulated other comprehensive loss (673) (1,053)
Accumulated deficit (3,388,176) (3,414,835)
Total Vertex shareholders' equity 1,037,773 786,843
Noncontrolling interest (Alios) 167,920 [1] 141,633 [1]
Total shareholders' equity 1,205,693 928,476
Total liabilities and shareholders' equity $ 2,604,856 $ 2,204,280
[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.