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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 152,345 $ 198,955
Short-term investments 847,720 862,941
Accounts receivable 28,871 38,889
Inventory 14,616 15,292
Other current assets 12,596 21,928
Total current assets 1,056,148 1,138,005
Long-term investments 57,397 136,662
Property, plant and equipment, net 58,599 59,662
Operating lease right-of-use assets 122,362 126,476
Goodwill 76,501 76,501
Other assets 344 1,461
Total assets 1,371,351 1,538,767
Current liabilities:    
Accounts payable 19,701 22,139
Accrued compensation 28,665 14,532
Accrued clinical trial expenses 41,085 44,207
Accrued contract manufacturing expenses 8,392 11,310
Other accrued expenses 16,404 9,676
Operating lease liabilities, current portion 16,776 13,915
Total current liabilities 131,023 115,779
Operating lease liabilities, less current portion 131,658 136,373
Development derivative liability 11,607 0
Liabilities related to the sales of future royalties, net 188,072 200,340
Other long-term liabilities 4,016 8,980
Total liabilities 466,376 461,472
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated or outstanding at June 30, 2021 or December 31, 2020 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 183,773 shares and 180,091 shares outstanding at June 30, 2021 and December 31, 2020, respectively 18 18
Capital in excess of par value 3,466,001 3,388,730
Accumulated other comprehensive loss (3,400) (2,295)
Accumulated deficit (2,557,644) (2,309,158)
Total stockholders’ equity 904,975 1,077,295
Total liabilities and stockholders’ equity $ 1,371,351 $ 1,538,767