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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 594,001 $ 279,834
Marketable securities 282,738 130,871
Trade and royalty receivables, net 160,822 155,614
Inventory, net 30,577 21,808
Prepaid expenses and other current assets 150,491 105,658
Total current assets 1,218,629 693,785
Fixed assets, net 87,089 72,590
Intangible assets, net 379,497 705,891
Goodwill 82,341 82,341
Operating lease ROU assets 91,896 102,430
Deposits and other assets 36,246 48,582
Total assets 1,895,698 1,705,619
Current liabilities:    
Accounts payable and accrued expenses 391,983 320,366
Deferred revenue 801 1,351
Operating lease liabilities- current 13,002 9,370
Finance lease liabilities- current 3,000 3,000
Liability for sale of future royalties - current 194,314 72,149
Total current liabilities 603,100 406,236
Long-term debt 284,213 571,722
Contingent consideration payable 36,300 164,000
Deferred tax liability 55,905 102,834
Operating lease liabilities- noncurrent 97,627 100,860
Finance lease liabilities- noncurrent 17,184 18,675
Liability for sale of future royalties- noncurrent 1,619,783 685,737
Other long-term liabilities 141 2,641
Total liabilities 2,714,253 2,052,705
Stockholders' deficit:    
Common stock, $0.001 par value. Authorized 250,000,000 shares; issued and outstanding 75,708,889 shares at December 31, 2023. Authorized 250,000,000 shares; issued and outstanding 73,104,692 shares at December 31, 2022 75 72
Additional paid-in capital 2,466,233 2,305,020
Accumulated other comprehensive (loss) income (1,285) 4,796
Accumulated deficit (3,283,578) (2,656,974)
Total stockholders' deficit (818,555) (347,086)
Total liabilities and stockholders' deficit $ 1,895,698 $ 1,705,619