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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 96,363 $ 194,905
Short-term investments 1,228,499 1,140,445
Accounts receivable 36,802 43,213
Inventory 12,665 11,381
Advance payments to contract manufacturers 31,834 26,450
Other current assets 15,387 21,293
Total current assets 1,421,550 1,437,687
Long-term investments 279,119 582,889
Property, plant and equipment, net 64,999 48,851
Operating lease right-of-use assets 134,177 0
Goodwill 76,501 76,501
Other assets 1,010 4,244
Other assets 1,977,356 2,150,172
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 19,234 5,854
Accrued compensation 11,467 9,937
Accrued clinical trial expenses 32,626 14,700
Accrued contract manufacturing expenses 7,304 23,841
Other accrued expenses 11,414 9,087
Senior secured notes, net 248,693 0
Interest payable 4,198 4,198
Lease liability, current portion 12,516 0
Deferred revenue, current portion 5,517 13,892
Other current liabilities 924 493
Total current liabilities 353,893 82,002
Senior secured notes, net 0 246,950
Lease liability, less current portion 142,730 0
Liability related to the sale of future royalties, net 72,020 82,911
Deferred revenue, less current portion 2,554 10,744
Other long-term liabilities 768 9,990
Total liabilities 571,965 432,597
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated, issued or outstanding at December 31, 2019 or 2018 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 176,505 shares and 173,530 shares issued and outstanding at December 31, 2019 and 2018, respectively 17 17
Capital in excess of par value 3,271,097 3,147,925
Accumulated other comprehensive loss (1,005) (6,316)
Accumulated deficit (1,864,718) (1,424,051)
Total stockholders’ equity 1,405,391 1,717,575
Total liabilities and stockholders’ equity $ 1,977,356 $ 2,150,172