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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 55,843 $ 96,363
Short-term investments 900,163 1,228,499
Accounts receivable 42,925 36,802
Inventory 12,892 12,665
Advance payments to contract manufacturers 10,483 31,834
Other current assets 21,550 15,387
Total current assets 1,043,856 1,421,550
Long-term investments 197,715 279,119
Property, plant and equipment, net 60,189 65,665
Operating lease right-of-use assets 128,985 134,177
Goodwill 76,501 76,501
Other assets 1,420 344
Total assets 1,508,666 1,977,356
Current liabilities:    
Senior secured notes, net and interest payable (see Note 1) 0 252,891
Accounts payable 15,484 19,234
Accrued compensation 29,504 11,467
Accrued clinical trial expenses 48,886 32,626
Accrued contract manufacturing expenses 7,141 7,304
Other accrued expenses 9,630 12,338
Operating lease liabilities, current portion 15,348 12,516
Deferred revenue, current portion 507 5,517
Total current liabilities 126,500 353,893
Operating lease liabilities, less current portion 139,022 142,730
Liability related to the sale of future royalties, net 66,378 72,020
Deferred revenue, less current portion 2,494 2,554
Other long-term liabilities 3,291 768
Total liabilities 337,685 571,965
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at September 30, 2020 or December 31, 2019 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 179,394 shares and 176,505 shares outstanding at September 30, 2020 and December 31, 2019, respectively 18 17
Capital in excess of par value 3,363,998 3,271,097
Accumulated other comprehensive income (loss) (1,080) (1,005)
Accumulated deficit (2,191,955) (1,864,718)
Total stockholders’ equity 1,170,981 1,405,391
Total liabilities and stockholders’ equity $ 1,508,666 $ 1,977,356