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Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,480,231,000 $ 779,709,000
Marketable securities 546,950,000 359,987,000
Trade and royalty receivables, net 210,495,000 158,554,000
Inventory, net 21,675,000 23,194,000
Prepaid expenses and other current assets 57,055,000 44,087,000
Total current assets 2,316,406,000 1,365,531,000
Fixed assets, net 59,459,000 60,970,000
Intangible assets, net 118,448,000 118,794,000
Goodwill 82,341,000 82,341,000
Operating lease ROU assets 57,317,000 56,685,000
Deposits and other assets 21,416,000 20,703,000
Total assets 2,655,387,000 1,705,024,000
Current liabilities:    
Accounts payable and accrued expenses 317,807,000 304,292,000
Deferred revenue 12,833,000 5,505,000
Operating lease liabilities- current 11,464,000 10,363,000
Finance lease liabilities- current 5,047,000 3,000,000
Liability for sale of future royalties - current 248,240,000 257,821,000
Total current liabilities 595,391,000 580,981,000
Long-term debt 285,712,000 285,412,000
Contingent consideration payable 0 800,000
Operating lease liabilities- noncurrent 73,559,000 74,947,000
Finance lease liabilities- noncurrent 13,833,000 15,574,000
Liability for sale of future royalties- noncurrent 1,850,223,000 1,823,955,000
Other long-term liabilities 22,429,000 21,426,000
Total liabilities 2,841,147,000 2,803,095,000
Stockholders' deficit:    
Common stock, $0.001 par value. Authorized 250,000,000 shares; issued and outstanding 79,225,276 shares at March 31, 2025. Authorized 250,000,000 shares; issued and outstanding 77,704,188 shares at December 31, 2024 78,000 77,000
Additional paid-in capital 2,608,422,000 2,574,611,000
Accumulated other comprehensive loss (13,949,000) (25,886,000)
Accumulated deficit (2,780,311,000) (3,646,873,000)
Total stockholders' deficit (185,760,000) (1,098,071,000)
Total liabilities and stockholders' deficit $ 2,655,387,000 $ 1,705,024,000