XML 32 R11.htm IDEA: XBRL DOCUMENT
v3.24.0.1

TERMINATION OF MERGER WITH ILLUMINA | 12 Months Ended
--- | ---
Dec. 31, 2023
Termination of Merger with Illumina [Abstract] |
TERMINATION OF MERGER WITH ILLUMINA | TERMINATION OF MERGER WITH ILLUMINA On November 1, 2018, we entered into an Agreement and Plan of Merger (as amended, the “Illumina Merger Agreement”) with Illumina, Inc. (“Illumina”) and FC Ops Corp., a wholly owned subsidiary of Illumina (“Illumina Merger Sub”). On January 2, 2020, we, Illumina and Illumina Merger Sub, entered into an agreement to terminate the Merger Agreement (the “Termination Agreement”). Continuation Advances from Illumina As part of the Termination Agreement, Illumina paid us cash payments (“Continuation Advances”) totaling $52 million. Up to the full $52.0 million of Continuation Advances paid to us were repayable without interest to Illumina if, within two years of March 31, 2020, we entered into, or consummated a Change of Control Transaction or raised at least $100 million in a single equity or debt financing (that may have multiple closings), with the amount repayable dependent on the amount raised by us. Resulting from the issuance and sale of $900 million of 1.50% Convertible Senior Notes due February 15, 2028, $52.0 million of Continuation Advances were paid without interest to Illumina in February 2021 and recorded a non-operating expense in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2021.

X
- Definition Merger Termination [Abstract] + References No definition available. + Details
Name: | pacb_MergerTerminationAbstract
Namespace Prefix: | pacb_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Merger Termination + References No definition available. + Details
Name: | pacb_MergerTerminationTextBlock
Namespace Prefix: | pacb_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration