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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 23,480 $ 59,640
Short-term investments 335,043 329,462
Accounts receivable, net 1,565 15,678
Inventory 13,016 11,109
Other current assets 7,881 10,063
Total current assets 380,985 425,952
Long-term investments 3,493 0
Property, plant and equipment, net 66,642 65,601
Goodwill 76,501 76,501
Other assets 865 817
Total assets 528,486 568,871
Current liabilities:    
Accounts payable 6,951 2,816
Accrued compensation 11,463 18,280
Accrued clinical trial expenses 7,443 7,958
Other accrued expenses 6,576 4,711
Interest payable 4,090 4,198
Capital lease obligations, current portion 2,909 2,908
Liability related to refundable upfront payment 12,500 12,500
Deferred revenue, current portion 24,192 14,352
Other current liabilities 2,391 4,499
Total current liabilities 78,515 72,222
Senior secured notes, net 243,900 243,464
Capital lease obligations, less current portion 1,609 2,223
Liability related to the sale of future royalties, net 103,931 105,950
Deferred revenue, less current portion 51,666 51,887
Other long-term liabilities 4,116 5,000
Total liabilities 483,737 480,746
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares designated, issued or outstanding at March 31, 2017 or December 31, 2016 0 0
Common stock, $0.0001 par value; 300,000 shares authorized; 154,731 shares and 153,212 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 15 15
Capital in excess of par value 2,131,698 2,111,483
Accumulated other comprehensive loss (1,849) (2,363)
Accumulated deficit (2,085,115) (2,021,010)
Total stockholders’ equity 44,749 88,125
Total liabilities and stockholders’ equity $ 528,486 $ 568,871