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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 673,207 $ 249,227
Restricted cash 3,904 1,500
Accounts receivable, net 103,583 66,523
Inventory 54,557 57,802
Prepaid and other current assets 12,859 2,945
Total current assets 848,110 377,997
Property, plant and equipment, net 2,124 63
Operating lease right-of-use asset 8,633  
Other long-term assets 1,074 174
Intangible asset, net 6,996 7,480
TOTAL ASSETS 866,937 385,714
Current Liabilities:    
Accounts payable 42,042 37,632
Accrued expenses and other current liabilities 134,542 84,171
Current portion of long-term debt from royalty-bearing instrument 51,166 34,240
Deferred revenue, current 1,962 1,220
Total current liabilities 229,712 157,263
Long-Term Liabilities:    
Long-term debt from royalty-bearing instrument 8,878 46,108
Deferred revenue, long-term 17,617 19,490
Long-term operating lease liability 9,432  
Other long-term liabilities 5,402 10,523
Total liabilities 271,041 233,384
Commitments and contingencies (Note 6)
Stockholders’ Equity:    
Series A Convertible Preferred Stock, £0.05 par, unlimited authorized; 289,317,460 shares issued and outstanding as of September 30, 2019 and December 31, 2018 (equivalent to 28,931,746 ordinary shares upon future consolidation and redesignation at a 10:1 ratio) 21,850 21,850
Common stock, £0.50 par, unlimited authorized; 361,368,945 issued, 357,527,330 outstanding as of September 30, 2019; 329,110,863 issued, 325,850,013 outstanding as of December 31, 2018 266,878 246,663
Additional paid-in capital 1,745,946 1,282,762
Treasury stock; 3,841,615 shares as of September 30, 2019; 3,260,850 shares as of December 31, 2018 (20,533) (10,413)
Accumulated deficit (1,418,245) (1,388,532)
Total stockholders’ equity 595,896 152,330
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 866,937 $ 385,714