7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-09-30 
      
                                                                                        
      cash flows from operating activities:
                                                                                        
      net income
    251,084,000 -66,277,000 -57,479,000 -83,763,000 -111,570,000 -16,889,000 -65,935,000 -137,870,000 147,753,000 -276,024,000 -174,101,000 -207,493,000 -405,920,000 -277,402,000 -240,341,000 -258,460,000 -204,514,000 -189,559,000 -200,291,000 -243,540,000 -253,291,000 -179,229,000 -182,221,000 -276,185,000 -208,535,000 -219,481,000 -181,915,000 -211,441,000 -245,282,000 -163,560,000 -141,214,000 -142,227,000 -122,937,000 -118,420,000 -107,290,000 -112,934,000 -104,071,000 -90,129,000 -102,974,000 -90,721,000 -76,792,000 -71,783,000 -50,777,000 -21,389,000 -43,989,000 -44,074,000 -250,943,000 -32,357,000 -29,686,000 -18,169,000 -9,013,000 -62,188,000 -19,502,000 -12,956,000 -11,368,000 -14,303,000 -13,237,000 -13,824,000 -16,285,000 -6,930,000 -9,630,000 -14,632,000 -12,323,000 -7,791,000 -9,208,000 -22,702,000 -7,889,000 -9,392,000 -2,858,000 -12,760,000 -1,239,000 1,662,000 -52,792,000 -12,691,000 -21,645,000 -8,438,000 -7,400,000 -9,910,000 -8,860,000 -14,491,000 -10,678,000 -11,145,000 -6,600,000 -6,416,000 
      adjustments to reconcile net income to net cash from operating activities:
                                                                                        
      depreciation and amortization
    13,803,000 13,944,000 14,405,000 14,168,000 13,982,000 15,003,000 13,517,000 13,482,000 13,328,000 13,179,000 14,065,000 14,311,000 10,600,000 10,097,000 9,460,000 11,375,000 11,786,000 11,805,000 12,601,000 10,386,000 8,573,000 8,200,000 7,613,000 5,442,000       3,178,000 3,714,000 3,587,000 3,066,000 3,000,000 3,018,000 3,500,000 4,011,000 4,601,000 5,069,000 5,270,000 5,021,000 3,690,000 3,341,000 3,117,000 2,868,000 2,600,000 2,627,000 2,764,000 2,711,000 2,127,000 2,024,000 2,285,000 2,605,000 2,121,000 1,237,000 1,262,000 1,287,000 1,339,000 1,291,000 1,266,000 1,223,000 1,161,000 1,136,000 1,111,000 1,943,000 1,802,000 1,798,000 1,631,000 1,346,000 951,000 902,000 1,048,000 937,000 1,195,000 1,087,000 992,000 947,000 789,000 752,000 740,000 952,000 675,000 728,000 
      non-cash interest expense on liability related to the sale of future royalties
    40,864,000 36,472,000 34,962,000 35,299,000 30,731,000 29,538,000 31,565,000 27,636,000 27,271,000 26,372,000 25,275,000 24,579,000 24,917,000 27,002,000 27,702,000 29,365,000 30,177,000 28,836,000 28,184,000 28,517,000                                                                 
      stock-based compensation expense
    108,211,000    45,804,000 89,288,000 45,347,000                                                                              
      realized and unrealized loss on marketable equity securities
       1,567,000    16,844,000 -1,400,000 2,267,000                                                                          
      loss on extinguishment of debt
                                                                                       
      change in fair value of development derivative liability
    64,663,000 15,259,000 58,891,000 70,271,000 36,271,000 55,642,000 8,586,000 23,102,000 31,209,000 30,215,000 6,471,000 23,883,000                                                                         
      deferred income taxes
    5,598,000 9,735,000 9,639,000                                                         10,875,000 11,000 -13,000 -131,000 -5,194,000 281,000 -13,000 -237,000                  
      other
    6,400,000 -18,510,000 -19,354,000 -6,760,000 -16,863,000 -10,177,000 -5,188,000 -14,655,000 23,340,000 -1,976,000 -6,276,000 -20,128,000 -42,915,000 42,345,000 21,177,000 22,454,000 2,870,000 1,575,000 30,777,000 9,631,000 -2,744,000 3,712,000 660,000 1,224,000 -5,201,000       608,000                                                  
      changes in operating assets and liabilities:
                                                                                        
      accounts receivable
    -399,863,000 -136,913,000 -7,434,000 -59,508,000 -37,092,000 9,640,000 410,000 3,869,000 -107,991,000 -2,970,000 19,153,000 -53,269,000 -38,423,000 6,399,000 39,696,000 -59,449,000 3,670,000 -35,311,000 -10,709,000 -21,166,000 -8,971,000 6,783,000 -32,882,000 5,479,000 -17,783,000 3,107,000 -15,041,000 -15,398,000                                                         
      inventory
    4,976,000 11,144,000 6,215,000 849,000 5,925,000 6,794,000 22,000 11,990,000 4,795,000 1,985,000 -403,000 -18,978,000 -7,884,000 -9,200,000 1,926,000 -10,760,000 -13,634,000 -3,955,000 1,934,000 -8,464,000 -2,784,000 -12,226,000 -11,952,000 -4,316,000 -13,055,000 -7,906,000 -7,134,000 -12,291,000                                                         
      prepaid expenses and other assets
    -20,742,000 6,777,000 -32,769,000 25,281,000 -8,277,000 61,687,000 -75,462,000 23,398,000 -3,318,000 -27,874,000 -1,235,000 8,687,000 3,965,000 -21,307,000 -29,852,000 16,672,000 -18,144,000 -16,967,000 -13,654,000 11,465,000 17,325,000 6,398,000 -19,958,000 -8,380,000 -18,525,000 14,281,000 -9,418,000 -942,000 -12,864,000 6,279,000 -27,540,000 -18,659,000 -1,854,000 -3,906,000 3,708,000 -2,463,000 2,780,000 -3,583,000 -2,010,000 606,000 -2,336,000 -1,911,000 -3,179,000 960,000 -429,000 -1,861,000 -4,499,000 866,000 -572,000 -706,000 -944,000 3,139,000 1,254,000 319,000 -2,932,000 751,000 168,000 -158,000 1,970,000 -457,000 -411,000 -912,000 -958,000 1,022,000 154,000 127,000 -780,000 -151,000 -341,000 -2,260,000 1,004,000 1,198,000 -5,732,000 -480,000 666,000 -438,000 490,000 -467,000 79,000      
      accounts payable, accrued expenses and other liabilities
    223,509,000 182,148,000 -155,737,000 -62,107,000 83,595,000 74,470,000 -4,865,000 -38,666,000 118,740,000 82,741,000 -81,975,000 102,617,000 69,745,000 68,143,000 -48,736,000 39,502,000 46,364,000 68,947,000 -66,573,000 68,168,000 73,528,000 16,251,000 -14,215,000                                                              
      deferred revenue
    -12,540,000 -13,079,000 -27,321,000 -16,564,000 624,000 -190,943,000 -28,563,000 17,689,000 24,467,000 21,716,000 -8,850,000 -41,279,000 -12,465,000 158,000 -12,325,000 9,690,000 -8,352,000 -23,938,000 -27,804,000 -28,041,000 -8,834,000 -3,060,000 -4,030,000 -7,333,000 411,000 400,007,000 -834,000 -1,113,000 -8,616,000 -29,848,000 26,961,000 7,892,000 -4,985,000 -931,000 -128,000 5,951,000 3,286,000 2,799,000 2,579,000 2,668,000 3,374,000 2,051,000 -6,189,000 16,556,000 -9,252,000 -7,245,000 -7,845,000 753,000 -5,859,000 -8,332,000 7,237,000 16,106,000 12,732,000 -17,331,000 -20,069,000 -19,684,000 -20,306,000 -20,367,000 -9,898,000 -19,828,000 -22,122,000 -19,083,000 328,000 -20,284,000 -20,142,000 -19,259,000 1,513,000 -19,504,000 -185,000 99,412,000 -13,054,000 -15,122,000 265,102,000 -2,608,000 -2,376,000 -1,469,000 3,113,000 -2,172,000 -2,376,000 15,748,000 112,000 -373,000 270,000 567,000 
      net cash from operating activities
    325,109,000 153,730,000 -118,314,000 -94,662,000 43,707,000 124,158,000 -81,515,000 -29,795,000 359,412,000 -58,986,000 -166,475,000 -131,978,000 -115,284,000 -122,819,000 -171,193,000 -150,141,000 -134,036,000 -121,856,000 -235,660,000 -123,144,000 -110,326,000 -135,330,000 -246,161,000 -195,980,000 -182,632,000 288,695,000 -188,510,000 -150,457,000 -153,808,000 -102,687,000 -155,664,000 -103,044,000 -98,363,000 -81,049,000 -100,330,000 -78,337,000 -75,536,000 -70,205,000 -83,623,000 -53,064,000 -54,365,000 -55,456,000 -26,255,000 -36,635,000 -40,706,000 -46,625,000 -41,675,000 -22,369,000 -21,715,000 -23,602,000 -971,000 -68,912,000 5,212,000 -21,694,000 -30,215,000 -25,159,000 -29,025,000 -26,579,000 -6,305,000 -20,388,000 -24,038,000 -24,314,000 -15,601,000 -16,869,000 -20,588,000 -35,919,000 1,231,000 -4,849,000 -16,010,000 95,008,000 -8,658,000 -8,438,000 224,309,000 -8,391,000 -10,961,000 -4,613,000 -2,932,000 -8,382,000 -8,703,000 3,616,000 -6,212,000 -6,250,000 -7,639,000 -3,612,000 
      capex
    -12,142,000 -14,293,000 -8,970,000 -9,094,000 -4,192,000 -8,018,000 -12,973,000 -15,309,000 -17,092,000 -15,919,000 -13,891,000 -21,635,000 -16,510,000 -16,055,000 -17,859,000 -21,886,000 -26,062,000 -11,246,000 -17,178,000 -21,668,000 -12,418,000 -16,658,000 -19,617,000 -38,805,000 -36,058,000 -21,244,000 -44,049,000 -37,513,000 -45,409,000 -22,708,000 -21,257,000 -20,728,000 -25,678,000 -21,651,000 -36,152,000 -20,298,000 -21,621,000 -2,759,000 -3,099,000 -6,477,000 -1,264,000 -2,110,000 -3,526,000 -3,195,000 -1,852,000 -388,000 -878,000 -950,000 -379,000 -1,799,000 -686,000 -5,729,000 -1,670,000 -263,000 -524,000 -265,000 -474,000 -28,000 -1,138,000 -1,067,000 -1,430,000 -1,097,000 -1,265,000 -737,000 -1,062,000 -1,885,000 -1,284,000 -2,282,000 -4,253,000 -2,945,000 -4,234,000 -705,000 -1,495,000 -1,354,000 -291,000 -746,000 -2,465,000 -1,484,000 -600,000 -372,000 -368,000 -607,000 -1,179,000 
      free cash flows
    312,967,000 139,437,000 -127,284,000 -103,756,000 39,515,000 116,140,000 -94,488,000 -45,104,000 342,320,000 -74,905,000 -180,366,000 -153,613,000 -131,794,000 -138,874,000 -189,052,000 -172,027,000 -160,098,000 -133,102,000 -252,838,000 -144,812,000 -122,744,000 -151,988,000 -265,778,000 -234,785,000 -218,690,000 267,451,000 -232,559,000 -187,970,000 -199,217,000 -125,395,000 -176,921,000 -123,772,000 -124,041,000 -102,700,000 -136,482,000 -78,337,000 -95,834,000 -91,826,000 -86,382,000 -56,163,000 -60,842,000 -56,720,000 -28,365,000 -40,161,000 -43,901,000 -48,477,000 -42,063,000 -23,247,000 -22,665,000 -23,981,000 -2,770,000 -69,598,000 -517,000 -23,364,000 -30,478,000 -25,683,000 -29,290,000 -27,053,000 -6,333,000 -21,526,000 -25,105,000 -25,744,000 -16,698,000 -18,134,000 -21,325,000 -36,981,000 -654,000 -6,133,000 -18,292,000 90,755,000 -11,603,000 -12,672,000 223,604,000 -9,886,000 -12,315,000 -4,904,000 -3,678,000 -10,847,000 -10,187,000 3,016,000 -6,584,000 -6,618,000 -8,246,000 -4,791,000 
      cash flows from investing activities:
                                                                                        
      purchases of property, plant and equipment
    -12,142,000 -14,293,000 -8,970,000 -9,094,000 -4,192,000 -8,018,000 -12,973,000 -15,309,000 -17,092,000 -15,919,000 -13,891,000 -21,635,000 -16,510,000 -16,055,000 -17,859,000 -21,886,000 -26,062,000 -11,246,000 -17,178,000 -21,668,000 -12,418,000 -16,658,000 -19,617,000 -38,805,000 -36,058,000 -21,244,000 -44,049,000 -37,513,000 -45,409,000 -22,708,000 -21,257,000 -20,728,000 -25,678,000 -21,651,000 -36,152,000                                                  
      purchases of marketable securities
    -207,971,000 -459,557,000 -401,642,000 -486,708,000 -430,377,000 -297,711,000 -420,115,000 -589,157,000 -421,457,000 -377,141,000 -435,746,000 -723,377,000 -157,309,000 -461,570,000 -634,705,000 -682,968,000 -458,331,000 -168,861,000 -345,954,000            -358,433,000 -391,431,000 -274,842,000 -150,381,000 -86,803,000 -143,647,000 -257,671,000 -193,431,000 -164,561,000 -135,802,000 -80,371,000 -310,053,000 -507,617,000 -125,102,000 -84,163,000 -280,912,000 -487,598,000 -29,108,000 -60,769,000 -87,351,000 -187,077,000 -81,457,000 -38,568,000 -38,894,000 -118,210,000 -75,294,000 -54,062,000 -121,969,000 -41,790,000 -102,980,000 -105,417,000 -100,965,000 -81,111,000 -81,396,000 -131,955,000 -174,301,000 -93,687,000 -88,952,000 -109,756,000 -181,847,000 -101,689,000 -188,130,000 -227,573,000 -30,798,000 -97,893,000 -53,505,000 -56,151,000 -37,408,000 -25,239,000 -51,697,000 -4,799,000 -6,430,000 -7,956,000 -17,186,000 
      sales and maturities of marketable securities
    723,370,000 332,469,000 524,381,000 443,009,000 423,519,000 339,669,000 365,468,000 363,810,000 432,223,000 384,347,000 373,420,000 604,720,000 492,710,000 628,918,000 505,220,000 291,450,000 396,122,000 337,296,000 438,682,000 500,955,000 331,360,000 319,740,000 539,614,000  607,050,000 309,409,000 403,697,000 398,138,000 491,181,000 384,508,000 244,876,000 131,571,000 163,342,000 104,361,000 198,031,000 263,917,000 246,564,000 311,660,000 294,317,000 218,357,000 135,518,000 204,381,000 168,687,000 150,063,000 125,264,000 54,389,000 133,206,000 86,034,000 59,215,000 34,521,000 58,036,000 125,656,000 62,150,000 48,165,000 53,042,000 96,602,000 90,578,000 125,080,000 64,105,000 151,697,000 111,168,000 75,432,000 74,746,000 138,280,000 102,738,000 126,854,000 136,698,000 93,635,000 75,687,000 136,844,000 204,878,000              
      proceeds from maturity of restricted investments
    1,700,000 9,250,000 48,825,000 17,900,000 39,975,000 9,250,000 49,225,000   9,400,000 16,000,000 15,325,000 10,650,000                                                                 
      purchases of restricted investments
    -1,700,000 -9,250,000 -48,825,000 -19,200,000 -17,900,000 -39,975,000 -9,250,000 -49,225,000   -9,400,000 -16,001,000 -15,325,000 -165,000 -10,650,000 -16,000,000 -9,900,000                                                            
      other investing activities
              381,000 3,500,000 -8,500,000 -75,000 -4,198,000                                                                 
      net cash from investing activities
    501,107,000 -141,381,000 113,769,000 -52,910,000 -30,250,000 33,940,000 -67,620,000 -240,656,000 -10,764,000 -8,713,000 -76,217,000 -139,911,000 313,891,000 142,793,000 -147,419,000 -413,405,000 -88,271,000 157,024,000 71,352,000 -97,888,000 -10,088,000 -441,230,000 113,688,000 -220,850,000 -10,077,000 -289,402,000 102,652,000 248,964,000 96,174,000 62,621,000 -134,814,000 -160,588,000 -137,178,000 -67,671,000 75,076,000 100,391,000 -31,405,000 -44,335,000 117,940,000 78,273,000 48,670,000 -106,936,000 -341,328,000 21,435,000 37,906,000 -228,375,000 -379,780,000 56,048,000 -2,504,000 -53,209,000 -130,840,000 43,513,000 17,853,000 7,601,000 -65,593,000 20,784,000 36,251,000 2,637,000 22,287,000 47,579,000 4,684,000 -26,963,000 -7,462,000 55,619,000 -29,954,000 -45,357,000 34,125,000 3,399,000 -36,451,000 -49,256,000 100,244,000 -87,688,000 -165,889,000 26,004,000 -49,852,000 -4,839,000 2,119,000 -14,616,000 -12,710,000 -47,214,000 4,474,000 3,230,000 -908,000 -14,935,000 
      cash flows from financing activities:
                                                                                        
      proceeds from issuance of 0.00% convertible senior notes due 2028
                                                                                        
      purchases of capped calls related to 0.00% convertible senior notes due 2028
                                                                                        
      repayment of 1.00% convertible senior notes due 2027
                                                                                        
      payment of issuance costs for revolving credit agreement
                                                                                        
      proceeds from exercise of stock options and other types of equity
    77,740,000 81,222,000 49,365,000 36,278,000 108,036,000 132,778,000 25,859,000 30,894,000 24,805,000 49,394,000 42,371,000 56,714,000 153,020,000 22,503,000 27,123,000 45,041,000 72,389,000 81,861,000 46,977,000 19,025,000 29,947,000 97,643,000 53,869,000 40,342,000 9,217,000 12,642,000 9,083,000 7,671,000 13,533,000 5,641,000 42,094,000 42,542,000 28,956,000 9,875,000 2,769,000 3,437,000 4,424,000 4,442,000 1,824,000 6,543,000 3,831,000 7,197,000 13,566,000 7,685,000 5,056,000 5,138,000 11,541,000 8,924,000 11,199,000 3,982,000 4,638,000 997,000 4,499,000 628,000 847,000                              
      (repayment of) proceeds from development derivative
    -32,076,000 -27,465,000 -5,281,000                                                                                  
      net cash from (provided by) financing activities
                                                                                        
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    -927,000 27,506,000 14,058,000 -17,271,000 15,093,000 -3,120,000 -9,941,000 10,897,000 -6,552,000 -130,000 2,176,000 1,619,000 2,024,000 -8,835,000 -2,238,000 -3,050,000 -3,139,000 1,081,000 -3,910,000 2,972,000 2,142,000 435,000 -631,000 366,000 -446,000                                                            
      net increase in cash, cash equivalents and restricted cash
    376,941,000 93,612,000 53,597,000 -133,846,000 131,305,000   -220,326,000    -206,833,000    -274,305,000 348,393,000   -110,000 -84,125,000 112,888,000 -79,235,000 -376,122,000 -213,854,000 411,900,000 305,073,000 103,885,000 -44,645,000                                                        
      cash, cash equivalents and restricted cash, beginning of period
    968,652,000 814,884,000 868,556,000 822,153,000 499,046,000 549,628,000 422,631,000 646,832,000                                                      
      cash, cash equivalents and restricted cash, end of period
    376,941,000 93,612,000 1,022,249,000 -133,846,000 131,305,000 286,474,000 684,719,000 -220,326,000 375,234,000 -14,435,000 674,411,000 -206,833,000 497,654,000 41,476,000 536,259,000 -274,305,000 348,393,000 366,060,000 382,005,000 -110,000 -84,125,000 112,888,000 470,393,000 -376,122,000 -213,854,000 411,900,000 727,704,000 103,885,000 -44,645,000 -34,485,000 397,876,000                                                      
      supplemental disclosure of cash flows:
                                                                                        
      cash paid for interest
    23,893,000 14,564,000 66,933,000 12,330,000 16,147,000 8,156,000 30,945,000 5,443,000 9,547,000 3,216,000 13,912,000 1,303,000 14,872,000                                                                 159,000 161,000  181,000 143,000 135,000 108,000 
      cash paid for taxes
    1,277,000 -1,871,000 2,969,000                                                                                  
      operating lease right-of-use assets obtained in exchange for new operating lease liabilities
    3,842,000 -1,289,000 9,826,000                                                                                  
      supplemental disclosure of noncash investing activities:
                                                                                        
      capital expenditures included in accounts payable and accrued expenses
    5,523,000 431,000 3,650,000     -1,349,000 -509,000 1,629,000 4,034,000   -1,800,000 8,318,000 4,185,000 -2,382,000 4,507,000 7,289,000 7,470,000 646,000 -217,000 6,619,000 -4,047,000 -6,970,000 12,860,000 13,033,000                                                          
      net cash from financing activities
     53,757,000 44,084,000 30,997,000 102,755,000 131,496,000 28,911,000 39,228,000 33,138,000 53,394,000 46,371,000 63,437,000 297,023,000 30,337,000 34,956,000 292,291,000 573,839,000 329,811,000 51,177,000 217,950,000 34,147,000 689,013,000 53,869,000 40,342,000 -20,699,000 412,610,000 390,931,000 5,378,000 12,989,000 5,581,000 41,522,000 706,948,000 28,915,000 386,312,000 2,716,000 3,082,000 4,346,000 154,338,000 16,066,000 6,468,000 3,651,000 7,074,000 598,984,000 7,658,000 4,794,000 5,138,000 718,875,000 7,650,000 11,084,000 3,982,000 178,210,000 966,000 4,499,000 628,000 87,319,000 267,000 462,000 9,000 527,000 53,000 2,541,000 542,000 635,000 763,000 1,901,000 210,000 -3,484,000 1,607,000 5,504,000 -472,000 755,000 57,973,000 303,000 -396,000 101,696,000 617,000 1,836,000 62,482,000 52,151,000 -343,000 207,000 602,000  
      non-cash adjustments to reconcile net income to net cash from operating activities:
                                                                                        
      stock-based compensation
      56,712,000     41,994,000 63,937,000 75,802,000 39,947,000 42,767,000 128,118,000 30,471,000 29,293,000 44,582,000 33,367,000 32,078,000 55,690,000 34,276,000 37,264,000 33,755,000 34,578,000 66,197,000 46,009,000 30,603,000 32,032,000 27,973,000 87,954,000 22,241,000 19,584,000 27,117,000 25,955,000                                                   731,000 
      unrealized gain on marketable equity securities
      956,000                   -45,532,000 -24,111,000      -2,960,000                                                        
      realized and unrealized losses on marketable equity securities
                                                                                        
      proceeds from convertible debt
               -777,000                                                                         
      purchases of capped calls related to convertible debt
                                                                                       
      (repayment of) proceeds from development derivative liability
                                                                                        
      repayment of term loan facility
                                                                                        
      cash paid for income taxes
                                                                                        
      amortization and interest accretion related to operating leases
        13,056,000 9,689,000 11,969,000 10,491,000 10,204,000 10,268,000 12,014,000 10,574,000 10,050,000 10,140,000 10,318,000 10,076,000 11,434,000 10,356,000 10,261,000 10,494,000 10,198,000 9,578,000 9,393,000 9,320,000                                                             
      operating lease liability
        -14,046,000 -10,951,000 -12,840,000 -11,488,000 -11,167,000 -11,020,000 -12,827,000 -11,453,000 -10,284,000 -10,762,000 -10,672,000 -10,766,000 -10,369,000 -10,157,000 -9,060,000 -10,314,000 -13,037,000 -9,199,000 -9,036,000                                                              
      proceeds from development derivative
         -1,282,000 3,052,000 8,334,000 8,333,000 4,000,000 4,000,000 7,500,000 7,833,000 7,834,000 7,833,000 3,500,000 7,700,000 4,200,000 4,200,000 4,200,000                                                                 
      realized and unrealized (gain) loss on marketable equity securities
          -78,000                                                                              
      net decrease in cash, cash equivalents and restricted cash
          -130,165,000   -14,435,000 -194,145,000   41,476,000 -285,894,000    -117,041,000            -248,956,000                                                      
      realized and unrealized gain on marketable equity securities
               -6,796,000 7,850,000 1,097,000 31,161,000 5,578,000 -18,691,000 4,434,000 -47,016,000 12,584,000                                                                 
      proceeds from the sale of future royalties
                                                                                     
      (repayment of) proceeds from term loan facility
                                                                                        
      other financing activities
                                                                                        
      repayment of term loan
                                                                                      
      proceeds from term loan facility
                   250,000,000                                                                    
      proceeds from issuance of common stock to strategic partners, net of closing costs
                                                                                      
      supplemental disclosure of noncash investing and financing activities:
                                                                                        
      lease liabilities arising from obtaining right-of-use assets
                   56,000 2,567,000   72,000 19,286,000 12,138,000 2,939,000                                                              
      receivable and liability related to the sale of future royalties
                                                                                      
      offering proceeds, net of costs
                           381,900,000                                                          
      payment of transaction costs related to sale of future royalties and term loan facility
                    -6,250,000                                                                   
      change in fair value of liability obligation
                                                                                      
      gain on litigation settlement
                                                                                        
      proceeds from landlord lease incentive for tenant improvements
                       2,860,000 699,000   1,106,000 10,364,000 6,314,000 12,386,000 13,753,000 7,117,000                                                        
      proceeds from issuance of term loan
                                                                                        
      payment of transaction costs related to sale of future royalties and term loan
                                                                                        
      purchases of marketable debt securities
                        -329,030,000 -744,012,000 -396,409,000 -630,293,000 -611,069,000 -577,567,000 -256,996,000 -111,661,000 -349,598,000                                                        
      proceeds from public offering, net of costs
                                                                                        
      non-cash imputed interest expense on liability related to the sale of future royalties
                                                                                        
      fair value adjustments on marketable equity securities
                             -21,000                                                          
      accounts payable, accrued expenses and other
                                                                                        
      sales and maturities of marketable debt securities
                                                                                        
      proceeds from issuance of common stock to sanofi genzyme
                                     14,301,000                                              
      proceeds from issuance of common stock to regeneron
                                                                                      
      charge for 401(k) company stock match
                            1,178,000 1,001,000 1,089,000 -453,000 1,286,000 1,384,000 942,000 567,000 661,000 523,000 551,000 305,000 421,000 450,000 331,000 209,000 254,000 274,000 247,000 179,000 181,000 175,000 157,000 98,000 104,000 127,000 120,000 54,000 98,000 116,000 96,000 95,000 119,000 136,000 138,000 93,000 131,000 138,000 133,000 96,000 116,000 124,000 125,000 90,000 100,000 102,000 90,000 203,000 65,000 74,000 65,000 38,000 46,000        
      accounts payable
                            -30,088,000 43,502,000 -17,133,000 16,128,000 9,085,000 -693,000 -9,042,000 12,332,000 -8,945,000 2,741,000 -11,067,000 11,560,000 2,128,000 -3,937,000 347,000 2,561,000 310,000 -1,945,000 750,000 9,666,000 -947,000 1,500,000 -1,379,000 3,168,000 -1,806,000 1,429,000 -959,000 -1,029,000 -426,000 1,180,000 -1,461,000 314,000 -2,463,000 2,149,000 -3,512,000 2,751,000 -3,837,000 3,410,000 -5,501,000 4,063,000 1,963,000 -2,266,000 6,141,000 -754,000 -2,898,000 -2,844,000 5,258,000 -3,232,000 1,385,000 2,662,000 -1,079,000 1,619,000 -1,243,000 -235,000 1,947,000 -63,000 373,000 -37,000 752,000 -348,000 
      accrued expenses and other liabilities
                                                                                        
      depreciation, amortization and accretion
                             9,745,000 12,210,000 -2,228,000 3,246,000                                                        
      non-cash gain on litigation settlement
                                                                                      
      accrued expenses and other
                             16,158,000 -14,731,000 34,115,000 17,981,000 19,028,000 -11,767,000 25,578,000 9,394,000 7,451,000 -10,855,000 3,924,000 5,032,000 6,022,000 -4,305,000 10,818,000 2,434,000 1,523,000 -8,432,000 1,831,000 5,056,000 -1,538,000 3,773,000 -2,324,000 6,914,000 -1,253,000 -1,790,000 -6,269,000 91,000 2,335,000 252,000 716,000 831,000 -870,000 1,780,000 98,000 3,123,000 -1,362,000 -1,208,000 1,420,000 -1,560,000 -872,000 671,000 -858,000 35,000 -593,000 -2,405,000              
      payments for repurchase of common stock for employee tax withholding
                             -32,000 -52,000 -2,293,000 -544,000 -60,000 -572,000 -69,000 -41,000 -94,000 -53,000 -355,000 -78,000 -104,000 -59,000 -75,000 -180,000   -27,000 -262,000 -15,703,000 -1,274,000    -31,000 -328,000                              
      sale of restricted investments
                                                                                        
      proceeds from issuance of common stock, net of offering costs
                                   784,475,000       496,400,000     173,572,000 86,800,000                              
      proceeds from issuance of long-term debt
                                                                                      
      repayment of long-term debt
                                                                                        
      fair value of common stock received in the period for collaboration agreement in other assets
                                                                                        
      receipt of common stock for exercises of stock options
                                                                                        
      repurchase of common stock for employee tax withholding in accrued expenses
                                                                                        
      realized loss on sale of marketable equity securities
                                                                                        
      billed and unbilled collaboration receivables
                                 47,807,000 -16,766,000 -19,358,000 761,000 4,052,000 3,877,000 -8,188,000 -5,632,000 -700,000 -516,000 -168,000 1,273,000 704,000 29,830,000 -39,553,000 -295,000 75,000 4,084,000 -3,639,000 -149,000 98,000 -454,000 1,814,000 2,467,000 -2,193,000 -724,000                              
      realized gain on sale of marketable equity securities
                                   345,000 1,549,000                                                  
      proceeds from landlord tenant improvements
                                                  12,000 192,000 566,000                                 
      purchases of restricted investments and increase in restricted cash
                                                                                       
      net increase in cash and cash equivalents
                                   443,316,000 -206,626,000 237,592,000 -22,538,000 25,136,000 -102,595,000 39,798,000 50,383,000 31,677,000 -2,044,000 -155,318,000 231,401,000 -7,542,000 1,994,000 -269,862,000 297,420,000 41,329,000   46,399,000  27,564,000 -13,465,000 -8,489,000    15,991,000    -22,521,000 39,381,000 -49,783,000 -79,398,000 35,476,000 -4,945,000 -50,799,000 51,255,000 91,124,000 -95,390,000 116,083,000 17,802,000 -61,293,000 92,439,000 -129,000 -21,159,000 41,047,000     -17,347,000 
      cash and cash equivalents, beginning of period
                                   193,617,000 180,895,000 75,179,000 53,169,000 51,405,000 70,228,000 74,599,000 137,468,000 191,792,000 105,157,000 127,955,000 15,757,000 20,272,000 
      cash and cash equivalents, end of period
                                   443,316,000 -206,626,000 237,592,000 171,079,000 25,136,000 -102,595,000 39,798,000 231,278,000 31,677,000 -2,044,000 -155,318,000 306,580,000 -7,542,000 1,994,000 -269,862,000 350,589,000 41,329,000 -13,135,000 -72,829,000 97,804,000 -24,433,000 27,564,000 -13,465,000 61,739,000 -4,108,000 7,226,000 -23,480,000 90,590,000 27,718,000 -19,301,000 -48,765,000 114,947,000 39,381,000 -49,783,000 -79,398,000 227,268,000 -4,945,000 -50,799,000 51,255,000 196,281,000 -95,390,000 116,083,000 17,802,000 66,662,000 92,439,000 -129,000 -21,159,000 56,804,000 8,579,000 -1,987,000 -3,050,000 12,215,000 -17,347,000 
      fixed asset expenditures included in accounts payable and accrued expenses
                                                      245,000                                  
      fair value of common stock received for collaboration agreement in other assets
                                                                                        
      non-cash stock-based compensation
                                      15,717,000 20,651,000 15,581,000 15,816,000 23,480,000 15,520,000 11,848,000 10,179,000 8,236,000 13,438,000 6,352,000 7,680,000 5,591,000 5,406,000 8,845,000 3,377,000 3,075,000 2,722,000 3,386,000 3,096,000 3,156,000 4,082,000 4,258,000 4,214,000 4,122,000 4,212,000 4,511,000 5,068,000 5,327,000 3,940,000 5,634,000 5,417,000 4,736,000 4,123,000 5,017,000 4,882,000 4,004,000 2,604,000 7,922,000 1,786,000 2,160,000 2,609,000 1,714,000 1,606,000 2,375,000 1,002,000 2,196,000 919,000 480,000  
      deposit for manufacturing facility
                                          -9,057,000                                              
      realized gain on sale of marketable securities
                                       -161,000 -706,000 -954,000 -5,156,000     -1,514,000        -76,000 -4,000 -175,000                              
      benefit from intraperiod tax allocation
                                              -431,000 -22,091,000 67,000 -315,000 -17,870,000                                      
      in-process research and development
                                               -3,890,000 224,656,000                                      
      payment for asset acquisition
                                               -25,000,000                                      
      net cash paid for income taxes
                                                                                        
      fair value of common stock issued for asset acquisition
                                                                                        
      difference in fair value of common stock issued to sanofi genzyme less cash proceeds received
                                                                                        
      purchases of property and equipment
                                        -20,298,000 -21,621,000 -2,759,000 -3,099,000 -6,477,000 -1,264,000 -2,110,000 -3,526,000 -3,195,000 -1,852,000 -388,000 -878,000 -950,000 -379,000 -1,799,000 -686,000 -5,729,000 -1,670,000 -263,000 -524,000 -265,000 -474,000 -28,000 -1,138,000 -1,067,000 -1,430,000 -1,097,000 -1,265,000 -737,000 -1,062,000 -1,885,000 -1,284,000 -2,282,000 -4,253,000 -2,945,000 -4,234,000 -705,000 -1,495,000 -1,354,000 -291,000 -746,000 -2,465,000 -1,484,000 -600,000 -372,000 -368,000 -607,000 -1,179,000 
      purchases of restricted cash and investments
                                                                                        
      increase in restricted cash
                                           -1,183,000 -288,000         -162,000                              
      net (cash paid for income taxes) cash proceeds from income tax refunds
                                                                                        
      proceeds from issuance of common stock to genzyme
                                            89,018,000 723,037,000                                      
      equity in loss of joint venture
                                                       881,000 1,613,000 1,139,000 889,000 954,000 467,000 1,012,000 1,072,000 916,000 1,226,000 3,919,000 1,578,000 1,488,000 740,000 812,000 1,870,000 3,116,000 1,813,000 1,272,000 1,445,000 936,000             
      gain on issuance of stock by joint venture
                                                                                        
      net cash proceeds from income tax refunds
                                                                                        
      difference in fair value of common stock issued to genzyme less cash proceeds received
                                                                                        
      tax benefit from stock-based compensation
                                                                                        
      other than temporary impairment on equity securities
                                                                                       
      benefit from intraperiod tax allocation on marketable securities
                                                   3,021,000 -2,270,000 -2,884,000 -562,000                                  
      income taxes receivable
                                                           10,669,000                          
      cash (paid for income taxes) proceeds from income tax refunds
                                                                                        
      net decrease in cash and cash equivalents
                                                           -4,108,000 7,226,000    -19,301,000                      -8,057,000  
      income taxes payable
                                                               30,000 1,000 -1,000 -5,546,000 4,327,000 -512,000 796,000 -5,078,000 2,248,000 -855,000 1,268,000 -47,000 201,000             
      proceeds from issuance of shares to novartis
                                                                                    
      effect of exchange rate on cash
                                                                 -4,000 -4,000 -23,000 -90,000 -11,000 55,000 -1,000 10,000 -19,000 -310,000 -114,000 -84,000 195,000 67,000 3,000 -22,000 26,000 94,000 -237,000 -112,000  
      (cash paid for income taxes) proceeds from income tax refunds
                                                                                        
      decrease in restricted cash
                                                                    3,152,000 2,999,000                  
      investment in joint venture
                                                                   -10,000,000                 
      proceeds from issuance of common stock
                                                           267,000 462,000 9,000 527,000 53,000 1,548,000 542,000 635,000 763,000 747,000 210,000  2,567,000             10,000 37,000  
      net proceeds from income tax refunds
                                                                                        
      collaboration receivables
                                                            -719,000 -158,000 2,300,000 1,431,000 1,477,000 -1,853,000 1,539,000 -1,022,000 835,000 -26,000 -1,643,000 19,952,000 -19,014,000 4,554,000 -4,649,000 98,000 493,000 -1,221,000 -564,000 1,018,000 -1,256,000 -475,000 -2,507,000      
      non-cash income tax benefit
                                                                                        
      impairment on equity investment
                                                                                       
      repayments of notes payable
                                                                       -3,946,000 -960,000 -937,000 -915,000 -892,000 -872,000 -794,000 -775,000 -734,000 -602,000 -477,000 -446,000      
      supplemental disclosure of cash flows
                                                                                        
      non-cash license expense
                                                                           7,909,000      
      disposals of property and equipment
                                                                           -1,000             
      decrease (increase) in restricted cash
                                                                                        
      proceeds from notes payable
                                                                             387,000 1,031,000 2,205,000 377,000      
      supplemental disclosure of non-cash financing activities
                                                                                        
      common stock issued in connection with license agreements
                                                                                        
      proceeds from landlord for tenant improvements
                                                                                     
      proceeds from issuance of common stock to novartis
                                                                                        
      deferred income tax benefit
                                                                                        
      proceeds from issuance of common stock, net of issuance costs
                                                                          443,000 1,647,000 58,845,000 140,000 379,000 102,043,000 188,000 108,000 62,551,000 52,303,000     
      deferred income tax provision
                                                                        -16,000 48,000 -16,000             
      investment in regulus therapeutics llc
                                                                                        
      accrued expenses
                                                                            1,645,000 2,679,000 2,815,000 -641,000 525,000 934,000 -207,000 946,000   -2,190,000 -1,085,000 
      deferred rent
                                                                            -151,000 176,000 -107,000          
      sales of marketable securities
                                                                            70,046,000 58,297,000 49,395,000 48,957,000 59,016,000 25,257,000 14,013,000 5,083,000 9,645,000 10,028,000 7,655,000 1,000,000 
      loss on disposal of equipment
                                                                                        
      realized foreign currency losses
                                                                               115,000 49,000 72,000 19,000      
      changes in operating assets and liabilities, net of effects of acquisition:
                                                                                        
      proceeds from sale of equipment
                                                                                        
      proceeds from issuance of preferred stock, net of issuance costs
                                                                                        
      deferred financing costs incurred in connection with the equipment line of credit
                                                                                       
      common stock issued to max planck innovation
                                                                                        
      fair value of warrant issued in connection with equipment line of credit included as deferred financing costs
                                                                                        
      conversion of redeemable convertible preferred stock into common stock
                                                                                       
      accretion of redeemable convertible preferred stock
                                                                                       
      deferred tax asset
                                                                                38,000 37,000 38,000      
      changes in operating assets and liabilities
                                                                                        
      supplementary information:
                                                                                        
      series b preferred stock issued for garching license
                                                                                        
      charge for purchased in-process research and development
                                                                                        
      realized foreign currency
                                                                                        
      acquisition of ribopharma ag, net of cash acquired
                                                                                        
      proceeds from bank debt
                                                                                      565,000  
      repayments of bank debt
                                                                                        
      repayment of debt assumed in acquisition
                                                                                        
      realized foreign currency exchange gains
                                                                                    1,000    
      purchases from landlord reimbursement of tenant improvements
                                                                                        
      collaboration receivable
                                                                                      -1,008,000 2,084,000 
      prepaid expenses and other current assets
                                                                                    -65,000 -247,000 -18,000 60,000 
      proceeds from issuance of series d convertible preferred stock
                                                                                        
      proceeds from note payable
                                                                                       
      repayments of note payable
                                                                                        
      deferred financing costs incurred in connection with note payable
                                                                                        
      gain on disposal of equipment
                                                                                        
      collaboration and license receivables
                                                                                        
      accrued liabilities
                                                                                        
      deferred financing costs incurred in connection with initial public offering
                                                                                        
      beneficial conversion feature on issuance of series d convertible preferred stock
                                                                                        
      cash flows from operating activities
                                                                                        
      adjustments to reconcile net income to net cash flows used in operating activities:
                                                                                        
      loss on disposal of property and equipment
                                                                                        
      charge for purchased in-process r&d
                                                                                        
      changes in operating assets and liabilities; net of acquisition
                                                                                        
      cash flows from investing activities
                                                                                        
      proceeds from landlord reimbursement of tenant improvements
                                                                                        
      proceeds from the sale of equipment
                                                                                       10,000 
      acquisition of ribopharma ag, net of acquired cash
                                                                                        
      cash flows from financing activities
                                                                                        
      proceeds from the issuance of common stock, net of issuance costs
                                                                                       -88,000 
      proceeds from issuance of series a redeemable convertible preferred stock, net of issuance costs
                                                                                        
      proceeds from issuance of series b redeemable convertible preferred stock, net of issuance costs
                                                                                        
      proceeds from issuance of series c redeemable convertible preferred stock, net of issuance costs
                                                                                        
      repayment of bank debt
                                                                                       
      repayment of debt assumed in ribopharma acquisition
                                                                                        
      effect of exchange rate changes on cash
                                                                                       23,000 
      supplemental disclosure of noncash financing activities
                                                                                        
      fair value of warrants issued in connection with equipment line of credit included as deferred financing costs
                                                                                       
      gain on disposal of property and equipment
                                                                                        
      proceeds from issuance of series d convertible preferred stock, net of issuance costs
                                                                                        
      proceeds of bank debt
                                                                                        
      deferred financing costs incurred in connection with the acquisition of ribopharma
                                                                                        
      net cash from (used by) financing activities
                                                                                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.