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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 207,207 $ 644,588
Restricted cash 3,915 3,907
Short-term investments 354,655  
Accounts receivable, net 147,292 116,430
Inventory 148,531 76,769
Prepaid and other current assets 26,945 13,311
Total current assets 888,545 855,005
Property, plant and equipment, net 2,166 2,361
Long-term investments 46,092  
Operating lease right-of-use asset 8,149 8,511
Other long-term assets 1,074 1,074
Intangible asset, net 14,177 15,258
TOTAL ASSETS 960,203 882,209
Current Liabilities:    
Accounts payable 121,366 49,950
Accrued expenses and other current liabilities 189,650 139,826
Debt from royalty-bearing instrument 9,467 50,130
Deferred revenue, current 5,706 2,342
Total current liabilities 326,189 242,248
Long-Term Liabilities:    
Deferred revenue, long-term 13,199 18,504
Long-term operating lease liability 9,255 9,443
Other long-term liabilities 4,303 3,751
Total liabilities 352,946 273,946
Commitments and contingencies (Note 6)
Stockholders’ Equity:    
Series A Convertible Preferred Stock, £0.05 par, unlimited authorized; 23,850,780 shares issued and outstanding as of September 30, 2020 (equivalent to 2,385,078 ordinary shares upon future consolidation and redesignation at a 10:1 ratio) and 289,317,460 shares issued and outstanding as of December 31, 2019 (equivalent to 28,931,746 ordinary shares upon future consolidation and redesignation at a 10:1 ratio) 5,434 21,850
Common stock, £0.50 par, unlimited authorized; 394,642,079 issued, 388,828,694 outstanding as of September 30, 2020; 365,014,893 issued, 360,103,901 outstanding as of December 31, 2019 287,585 269,173
Additional paid-in capital 1,799,069 1,764,317
Treasury stock; 5,813,385 shares as of September 30, 2020; 4,910,992 shares as of December 31, 2019 (50,728) (35,900)
Accumulated deficit (1,434,103) (1,411,177)
Total stockholders’ equity 607,257 608,263
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 960,203 $ 882,209