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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 58,206 $ 96,363
Short-term investments 980,191 1,228,499
Accounts receivable 47,245 36,802
Inventory 12,584 12,665
Advance payments to contract manufacturers 15,972 31,834
Other current assets 37,770 15,387
Total current assets 1,151,968 1,421,550
Long-term investments 172,166 279,119
Property, plant and equipment, net 61,372 65,665
Operating lease right-of-use assets 131,458 134,177
Goodwill 76,501 76,501
Other assets 1,413 344
Total assets 1,594,878 1,977,356
Current liabilities:    
Senior secured notes, net and interest payable (see Note 1) 0 252,891
Accounts payable 19,246 19,234
Accrued compensation 22,548 11,467
Accrued clinical trial expenses 42,794 32,626
Accrued contract manufacturing expenses 11,050 7,304
Other accrued expenses 11,424 12,338
Operating lease liabilities, current portion 15,139 12,516
Deferred revenue, current portion 1,757 5,517
Total current liabilities 123,958 353,893
Operating lease liabilities, less current portion 141,633 142,730
Liability related to the sale of future royalties, net 68,284 72,020
Deferred revenue, less current portion 2,524 2,554
Other long-term liabilities 2,239 768
Total liabilities 338,638 571,965
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at June 30, 2020 or December 31, 2019 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 178,810 shares and 176,505 shares outstanding at June 30, 2020 and December 31, 2019, respectively 18 17
Capital in excess of par value 3,338,876 3,271,097
Accumulated other comprehensive income (loss) 715 (1,005)
Accumulated deficit (2,083,369) (1,864,718)
Total stockholders’ equity 1,256,240 1,405,391
Total liabilities and stockholders’ equity $ 1,594,878 $ 1,977,356
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares designated (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 300,000,000 300,000,000
Common stock, shares outstanding (in shares) 178,810,000 176,505,000