Full Press Release Details
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Condensed Consolidated Balance Sheets
| September 30, | December 31, | |||||
| (in thousands except par value amounts) | 2015 | 2014 | ||||
| Assets | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 27,208 | $ | 36,449 | ||
| Investments | 31,701 | 64,899 | ||||
| Accounts receivable | 4,164 | 3,406 | ||||
| Inventory | 11,621 | 11,335 | ||||
| Prepaid expenses and other current assets | 11,513 | 1,671 | ||||
| Total current assets | 86,207 | 117,760 | ||||
| Property and equipment, net | 7,855 | 6,601 | ||||
| Other long-term assets | 5,715 | 162 | ||||
| Total assets | $ | 99,777 | $ | 124,523 | ||
| Liabilities and Stockholders' Equity | ||||||
| Current liabilities | ||||||
| Accounts payable | $ | 6,097 | $ | 5,608 | ||
| Accrued expenses | 11,342 | 11,441 | ||||
| Deferred service revenue, current | 6,303 | 6,121 | ||||
| Deferred contractual revenue, current | 14,385 | 6,785 | ||||
| Other liabilities, current | 627 | 1,534 | ||||
| Total current liabilities | 38,754 | 31,489 | ||||
| Deferred service revenue, non-current | 1,250 | 1,129 | ||||
| Deferred contractual revenue, non-current | 1,347 | 19,735 | ||||
| Other liabilities, non-current | 1,323 | 2,153 | ||||
| Notes payable | 14,808 | 14,124 | ||||
| Financing derivative | 925 | 944 | ||||
| Total liabilities | 58,407 | 69,574 | ||||
| Commitments and contingencies | ||||||
| Stockholders' equity | ||||||
| Preferred Stock, $0.001 par value: | ||||||
| Authorized 50,000 shares; No shares issued or outstanding | ||||||
| Common Stock, $0.001 par value: | ||||||
| Authorized 1,000,000 shares; Issued and outstanding 75,705 shares at September 30, 2015 and 73,927 shares at December 31, 2014 | 76 | 74 | ||||
| Additional paid-in capital | 753,048 | 736,339 | ||||
| Accumulated other comprehensive income | 6 | 9 | ||||
| Accumulated deficit | (711,760) | (681,473) | ||||
| Total stockholders' equity | 41,370 | 54,949 | ||||
| Total liabilities and stockholders' equity | $ | 99,777 | $ | 124,523 |