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Balance Sheet Components (Tables)
12 Months Ended
Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents

Cash and cash equivalents consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Cash

 

$

38,783

 

 

$

103,716

 

US treasury notes and bills

 

 

49,934

 

 

 

 

Money market funds

 

 

541

 

 

 

569,942

 

Total cash and cash equivalents

 

$

89,258

 

 

$

673,658

 

 

Schedule of Property and Equipment

Property and equipment consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Leasehold improvements

 

$

101,200

 

 

$

93,758

 

Building shell (Refer to Note 8)

 

 

53,880

 

 

 

53,879

 

Laboratory equipment

 

 

16,405

 

 

 

19,497

 

Machinery

 

 

8,382

 

 

 

 

Computer equipment

 

 

6,473

 

 

 

6,006

 

Furniture and fixtures

 

 

5,690

 

 

 

5,575

 

Construction in progress

 

 

367

 

 

 

10,402

 

Total property and equipment

 

$

192,397

 

 

$

189,117

 

Less: accumulated depreciation

 

 

(65,199

)

 

 

(59,641

)

Property and equipment, net

 

$

127,198

 

 

$

129,476

 

Summary of Amortized Cost, Gross Unrealized Holding Gains or Losses, and Fair Value of Investments

The Company’s investments consist of available-for-sale debt investments, marketable equity investments, term deposit and certificate of deposit. The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s investments by major investments type are summarized in the tables below (in thousands):

 

 

 

December 31, 2018

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

US treasury notes and bills

 

$

467,296

 

 

$

109

 

 

$

(69

)

 

$

467,336

 

Term deposit

 

 

80,000

 

 

 

 

 

 

 

 

 

80,000

 

Certificates of deposit

 

 

30,000

 

 

 

 

 

 

(90

)

 

 

29,910

 

Bond and mutual funds

 

 

10,464

 

 

 

20

 

 

 

 

 

 

10,484

 

Equity investments

 

 

125

 

 

 

109

 

 

 

 

 

 

234

 

Total investments

 

$

587,885

 

 

$

238

 

 

$

(159

)

 

$

587,964

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

53,985

 

 

$

4

 

 

$

(46

)

 

$

53,943

 

Bond and mutual funds

 

 

17,249

 

 

 

1,153

 

 

 

 

 

 

18,402

 

Equity investments

 

 

126

 

 

 

95

 

 

 

 

 

 

221

 

Total investments

 

$

71,360

 

 

$

1,252

 

 

$

(46

)

 

$

72,566

 

 

Summary of Contractual Maturities Available-for-Sale Investments and Term Deposit

The contractual maturities of the available-for-sale investments and term deposit were as follows (in thousands):

 

 

 

December 31, 2018

 

Within one year

 

$

532,144

 

After one year through four years

 

 

45,102

 

Total debt investments

 

 

577,246

 

Bond and mutual funds

 

 

10,484

 

Equity investments

 

 

234

 

Total investments

 

$

587,964

 

 

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Preclinical and clinical trial accruals

 

$

35,413

 

 

$

32,321

 

Payroll and related accruals

 

 

21,430

 

 

 

18,810

 

Property taxes and other

 

 

1,095

 

 

 

4,201

 

Professional services

 

 

2,648

 

 

 

1,991

 

Other

 

 

5,537

 

 

 

6,458

 

Total accrued liabilities

 

$

66,123

 

 

$

63,781