Full Press Release Details
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Consolidated Balance Sheets
| December 31, | ||||||||
| (in thousands, except per share amounts) | 2013 | 2012 | ||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 26,362 | $ | 46,540 | ||||
| Investments | 86,166 | 54,040 | ||||||
| Accounts receivable | 2,746 | 2,822 | ||||||
| Inventory, net | 10,050 | 9,592 | ||||||
| Prepaid expenses and other current assets | 1,135 | 2,006 | ||||||
| Total current assets | 126,459 | 115,000 | ||||||
| Property and equipment, net | 9,236 | 14,329 | ||||||
| Other long-term assets | 490 | 354 | ||||||
| Total assets | $ | 136,185 | $ | 129,683 | ||||
| Liabilities and Stockholders Equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 1,717 | $ | 2,988 | ||||
| Accrued expenses and other current liabilities | 9,797 | 8,204 | ||||||
| Deferred service revenue, current | 4,046 | 3,378 | ||||||
| Deferred development revenue, current | 6,785 | |||||||
| Facility financing obligation, current | 210 | 173 | ||||||
| Total current liabilities | 22,555 | 14,743 | ||||||
| Deferred service revenue, non-current | 518 | 800 | ||||||
| Deferred development revenue, non-current | 26,519 | |||||||
| Deferred rent and other long-term liabilities | 1,114 | 2,145 | ||||||
| Notes payable, non-current | 13,347 | |||||||
| Financing derivative | 549 | |||||||
| Facility financing obligation, non-current | 2,403 | 2,613 | ||||||
| Total liabilities | 67,005 | 20,301 | ||||||
| Stockholders equity | ||||||||
| Convertible Preferred Stock, $0.001 par value: | ||||||||
| Authorized 50,000 shares; No shares issued or outstanding at December 31, 2013 and 2012 | ||||||||
| Common Stock and additional paid-in-capital, $0.001 par value: | ||||||||
| Authorized 1,000,000 shares; Issued and outstanding 66,275 and 56,170 shares at December 31, 2013 and 2012, respectively | 684,479 | 645,372 | ||||||
| Accumulated other comprehensive income | 14 | 30 | ||||||
| Accumulated deficit | (615,313 | ) | (536,020 | ) | ||||
| Total stockholders equity | 69,180 | 109,382 | ||||||
| Total liabilities and stockholders equity | $ | 136,185 | $ | 129,683 |