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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 779,709 $ 594,001
Marketable securities 359,987 282,738
Trade and royalty receivables, net 158,554 160,822
Inventory, net 23,194 30,577
Prepaid expenses and other current assets 44,087 150,491
Total current assets 1,365,531 1,218,629
Fixed assets, net 60,970 87,089
Intangible assets, net 118,794 379,497
Goodwill 82,341 82,341
Operating lease ROU assets 56,685 91,896
Deposits and other assets 20,703 36,246
Total assets 1,705,024 1,895,698
Current liabilities:    
Accounts payable and accrued expenses 304,292 391,983
Deferred revenue 5,505 801
Operating lease liabilities- current 10,363 13,002
Finance lease liabilities- current 3,000 3,000
Liability for sale of future royalties - current 257,821 194,314
Total current liabilities 580,981 603,100
Long-term debt 285,412 284,213
Contingent consideration payable 800 36,300
Deferred tax liability   55,905
Operating lease liabilities- noncurrent 74,947 97,627
Finance lease liabilities- noncurrent 15,574 17,184
Liability for sale of future royalties- noncurrent 1,823,955 1,619,783
Other long-term liabilities 21,426 141
Total liabilities 2,803,095 2,714,253
Stockholders' deficit:    
Common stock, $0.001 par value. Authorized 250,000,000 shares; issued and outstanding 77,704,188 shares at December 31, 2024. Authorized 250,000,000 shares; issued and outstanding 75,708,889 shares at December 31, 2023 77 75
Additional paid-in capital 2,574,611 2,466,233
Accumulated other comprehensive loss (25,886) (1,285)
Accumulated deficit (3,646,873) (3,283,578)
Total stockholders' deficit (1,098,071) (818,555)
Total liabilities and stockholders' deficit $ 1,705,024 $ 1,895,698