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CONSOLIDATED ENTITIES - Theravance Respiratory Company, LLC (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Assets |  |  |
Cash and cash equivalents | $ 246,487 | $ 278,096 |
Receivables from collaborative arrangements | 93,931 | 79,427 |
Prepaid expenses and other current assets | 1,640 | 962 |
Equity and other long-term investments | 438,258 | 0 |
Total assets | 999,570 | 724,826 |
Liabilities and LLC Members' Equity |  |  |
Current liabilities | 6,110 | 5,371 |
LLC members' equity | 539,912 | 313,495 |
Total liabilities and stockholders' equity | 999,570 | 724,826 |
Income statements of TRC |  |  |
Total net revenue | 336,794 | 261,016 | $ 261,004
Operating expenses | 15,671 | 14,656 | 22,753
Income from operations | 321,123 | 246,360 | 238,251
Other income (expense), net | (348) | (345) | (5,702)
Changes in fair values of equity investments | 50,277 | 0 | 0
Net income | 293,814 | 190,993 | 406,328
Royalty revenue from a related party |  |  |
Income statements of TRC |  |  |
Total net revenue | 326,794 | 261,016 | 261,004
Revenue from collaborative arrangements with a related party |  |  |
Income statements of TRC |  |  |
Total net revenue | 10,000 | 0 | $ 0
Theravance Respiratory Company, LLC |  |  |
Assets |  |  |
Cash and cash equivalents | 38,081 | 22,339 |
Receivables from collaborative arrangements | 24,946 | 14,388 |
Prepaid expenses and other current assets | 0 | 10 |
Equity and other long-term investments | 16,959 | 0 |
Total assets | 79,986 | 36,737 |
Liabilities and LLC Members' Equity |  |  |
Current liabilities | 508 | 3,069 |
LLC members' equity | 79,478 | 33,668 |
Total liabilities and stockholders' equity | 79,986 | 36,737 |
Income statements of TRC |  |  |
Total net revenue | 83,089 | 42,790 |
Operating expenses | 2,612 | 3,380 |
Income from operations | 80,477 | 39,410 |
Other income (expense), net | 38 | 243 |
Changes in fair values of equity investments | 1,147 | 0 |
Net income | 81,662 | 39,653 |
Theravance Respiratory Company, LLC | Royalty revenue from a related party |  |  |
Income statements of TRC |  |  |
Total net revenue | 73,089 | 42,790 |
Theravance Respiratory Company, LLC | Revenue from collaborative arrangements with a related party |  |  |
Income statements of TRC |  |  |
Total net revenue | $ 10,000 | $ 0 |

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