XML 51 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 329,045 $ 644,588
Restricted cash 3,910 3,907
Short-term investments 213,190  
Accounts receivable, net 158,288 116,430
Inventory 92,121 76,769
Prepaid and other current assets 20,760 13,311
Total current assets 817,314 855,005
Property, plant and equipment, net 2,466 2,361
Long-term investments 81,519  
Operating lease right-of-use asset 8,397 8,511
Other long-term assets 1,074 1,074
Intangible asset, net 14,898 15,258
TOTAL ASSETS 925,668 882,209
Current Liabilities:    
Accounts payable 98,330 49,950
Accrued expenses and other current liabilities 170,731 139,826
Debt from royalty-bearing instrument 36,978 50,130
Deferred revenue, current 4,288 2,342
Total current liabilities 310,327 242,248
Long-Term Liabilities:    
Deferred revenue, long-term 17,519 18,504
Long-term operating lease liability 9,381 9,443
Other long-term liabilities 2,665 3,751
Total liabilities 339,892 273,946
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 March 31, 2020 and December 31, 2019 (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; 367,378,806 issued, 361,707,982 outstanding as of March 31, 2020; 365,014,893 issued, 360,103,901 outstanding as of December 31, 2019 270,716 269,173
Additional paid-in capital 1,774,671 1,764,317
Treasury stock; 5,670,824 shares as of March 31, 2020; 4,910,992 shares as of December 31, 2019 (49,731) (35,900)
Accumulated deficit (1,431,730) (1,411,177)
Total stockholders’ equity 585,776 608,263
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 925,668 $ 882,209