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Balance Sheet Details
3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Details

5. Balance Sheet Details

Inventory consisted of the following (in thousands):

 

 

 

March 31,
2024

 

 

December 31,
2023

 

Finished goods

 

$

7,576

 

 

$

5,001

 

Work in process

 

 

5,549

 

 

 

4,134

 

Raw material

 

 

53,518

 

 

 

31,312

 

 

 

$

66,643

 

 

$

40,447

 

Reported as:

 

 

 

 

 

 

    Inventory

 

$

61,936

 

 

$

35,819

 

    Long-term inventory

 

 

4,707

 

 

 

4,628

 

    Total

 

$

66,643

 

 

$

40,447

 

Amount reported as long-term inventory consisted of raw materials as of March 31, 2024 and December 31, 2023. The Company has raw materials beyond a one year production plan that help limit the exposures from potential supply interruption. Those raw materials beyond the one year production plan were classified as long-term inventory.

Accrued liabilities consisted of the following (in thousands):

 

 

 

March 31,
2024

 

 

December 31,
2023

 

Accrued sales allowances

 

$

122,436

 

 

$

90,718

 

Accrued contingent payments

 

 

79,583

 

 

 

29,583

 

Accrued compensation and benefits

 

 

26,061

 

 

 

42,718

 

Accrued research and development services

 

 

23,878

 

 

 

32,883

 

Accrued consulting and professional fees

 

 

19,684

 

 

 

18,804

 

Current portion of lease liabilities

 

 

10,453

 

 

 

9,405

 

Current portion of accrued branded prescription drug fees

 

 

7,836

 

 

 

718

 

Accrued royalties

 

 

7,591

 

 

 

8,710

 

Other

 

 

13,743

 

 

 

3,172

 

 

 

$

311,265

 

 

$

236,711