XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Financial Instruments [Abstract] |
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
| September 30, 2022 |  | December 31, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 63,154 |  | $ | 241,279 |  | $ | — |  | $ | 304,433 |  | $ | 327,315 |  | $ | 133,410 |  | $ | — |  | $ | 460,725
Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | — |  |  | 57,408 |  |  | — |  |  | 57,408 |  |  | — |  |  | 187,632 |  |  | — |  |  | 187,632
Corporate debt securities |  | — |  |  | 49,478 |  |  | — |  |  | 49,478 |  |  | — |  |  | 8,968 |  |  | — |  |  | 8,968
U.S. government & agency securities |  | — |  |  | 423,021 |  |  | — |  |  | 423,021 |  |  | — |  |  | 387,075 |  |  | — |  |  | 387,075
Total investments |  | — |  |  | 529,907 |  |  | — |  |  | 529,907 |  |  | — |  |  | 583,675 |  |  | — |  |  | 583,675
Short-term restricted cash |  | 300 |  |  | — |  |  | — |  |  | 300 |  |  | 500 |  |  | — |  |  | — |  |  | 500
Long-term restricted cash |  | 2,922 |  |  | — |  |  | — |  |  | 2,922 |  |  | 4,592 |  |  | — |  |  | — |  |  | 4,592
Total assets measured at fair value | $ | 66,376 |  | $ | 771,186 |  | $ | — |  | $ | 837,562 |  | $ | 332,407 |  | $ | 717,085 |  | $ | — |  | $ | 1,049,492
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration | $ | — |  | $ | — |  | $ | 167,496 |  | $ | 167,496 |  | $ | — |  | $ | — |  | $ | 169,717 |  | $ | 169,717
Total liabilities measured at fair value | $ | — |  | $ | — |  | $ | 167,496 |  | $ | 167,496 |  | $ | — |  | $ | — |  | $ | 169,717 |  | $ | 169,717
Changes in the estimated fair value of contingent consideration liabilities |
|  | Level 3
Beginning balance as of December 31, 2021 | $ | 169,717
Change in estimated fair value |  | (2,221)
Ending balance as of September 30, 2022 | $ | 167,496
Summary of Cash, Cash Equivalents and Investments |
| As of September 30, 2022
|  |  | Gross |  | Gross |  |
| Amortized |  | unrealized |  | unrealized |  | Fair
| Cost |  | gains |  | losses |  | Value
Cash and cash equivalents |  | 304,480 |  |  | — |  |  | (47) |  |  | 304,433
Investments: |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | 57,713 |  |  | — |  |  | (305) |  |  | 57,408
Corporate debt securities |  | 50,098 |  |  | 2 |  |  | (622) |  |  | 49,478
U.S. government & agency securities |  | 428,309 |  |  | — |  |  | (5,288) |  |  | 423,021
Total investments |  | 536,120 |  |  | 2 |  |  | (6,215) |  |  | 529,907
Total cash, cash equivalents and investments | $ | 840,600 |  | $ | 2 |  | $ | (6,262) |  | $ | 834,340
Short-term restricted cash | $ | 300 |  | $ | — |  | $ | — |  | $ | 300
Long-term restricted cash | $ | 2,922 |  | $ | — |  | $ | — |  | $ | 2,922
| As of December 31, 2021
|  |  | Gross |  | Gross |  |
| Amortized |  | unrealized |  | unrealized |  | Fair
| Cost |  | gains |  | losses |  | Value
Cash and cash equivalents |  | 460,731 |  |  | — |  |  | (5) |  |  | 460,725
Investments: |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | 187,705 |  |  | — |  |  | (73) |  |  | 187,632
Corporate debt securities |  | 8,964 |  |  | 9 |  |  | (5) |  |  | 8,968
U.S. government & agency securities |  | 388,088 |  |  | 1 |  |  | (1,014) |  |  | 387,075
Total investments |  | 584,757 |  |  | 10 |  |  | (1,092) |  |  | 583,675
Total cash, cash equivalents and investments | $ | 1,045,488 |  | $ | 10 |  | $ | (1,097) |  | $ | 1,044,400
Short-term restricted cash | $ | 500 |  | $ | — |  | $ | — |  | $ | 500
Long-term restricted cash | $ | 4,592 |  | $ | — |  | $ | — |  | $ | 4,592
Summary of Contractual Maturities of Cash Equivalents and Available-for-Sale Investments |
| Fair Value
Due in one year or less | $ | 670,316
Due after one year through five years |  | 100,870
Total investments | $ | 771,186

X
- Definition Changes in the estimated fair value of contingent consideration liabilities table. + References No definition available. + Details
Name: | pacb_ChangesInEstimatedFairValueOfContingentConsiderationLiabilitiesTableTextBlock
Namespace Prefix: | pacb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration