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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 191,412 $ 217,666
Restricted cash 523 523
Short-term investments 112,959 91,695
Accounts receivable, net 133,236 130,990
Inventory 225,813 228,732
Prepaid and other current assets 19,878 19,492
Total current assets 683,821 689,098
Property, plant and equipment, net 187 874
Long-term investments 544 1,275
Long-term inventory 143,730 163,620
Operating lease right-of-use asset 9,190 9,074
Other long-term assets 1,638 458
Intangible asset, net 21,078 21,780
TOTAL ASSETS 860,188 886,179
Current Liabilities:    
Accounts payable 58,779 64,602
Accrued expenses and other current liabilities 183,264 192,678
Current deferred revenue 2,199 2,199
Total current liabilities 244,242 259,479
Long-Term Liabilities:    
Long-term deferred revenue 12,702 13,147
Long-term operating lease liability 9,841 10,015
Other long-term liabilities 8,610 8,205
Total liabilities 275,395 290,846
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Common stock, GBP 0.50 par, unlimited authorized; 416,080,298 shares issued, 407,265,944 shares outstanding as of March 31, 2023 ; 412,333,087 shares issued, 404,346,256 shares outstanding as of December 31, 2022 301,285 299,002
Additional paid-in capital 1,890,496 1,885,352
Treasury stock; 8,814,354 shares as of March 31, 2023; 7,986,831 shares as of December 31, 2022 (63,277) (61,770)
Accumulated deficit (1,543,711) (1,527,251)
Total stockholders’ equity 584,793 595,333
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 860,188 $ 886,179