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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 272,127 $ 114,172
Restricted cash 2,221 1,551
Investments 28,239 22,054
Receivables 8,646 22,146
Inventory 7,039 0
Prepaid expenses and other current assets 5,528 4,422
Total current assets 323,800 164,345
Property and equipment, net 7,113 7,347
Other assets 3,802 3,590
Total assets 334,715 175,282
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 18,713 13,988
Accrued expenses 33,942 21,365
Interest payable 21,670 14,904
Deferred collaboration revenue 150 2,120
Lease financing obligation 1,179 1,377
Senior credit facility 0 9,020
Non-recourse notes payable 30,000 29,561
Total current liabilities 105,654 92,335
Royalty financing obligation 124,717 0
Lease financing obligation 3,871 3,406
Senior credit facility 0 41,289
Secured term loan 119,735 0
Stockholders’ equity:    
Preferred stock, $0.01 par value; shares authorized — 5,000; no shares outstanding 0 0
Common stock, $0.01 par value; shares authorized — 450,000; shares issued and outstanding — 176,883 at December 31, 2020 and 154,082 at December 31, 2019 1,769 1,541
Additional paid-in capital 1,002,408 877,300
Accumulated other comprehensive income (loss) 3 39
Accumulated deficit (1,023,442) (840,628)
Total stockholders’ (deficit) equity (19,262) 38,252
Total liabilities and stockholders’ equity $ 334,715 $ 175,282