Portola pharmaceuticals, inc. (PTLA)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Dec'12
Assets
Current assets:
Cash and cash equivalents

196,235

215,229

304,265

185,385

226,793

138,951

146,700

173,052

168,414

181,568

344,021

123,837

135,669

188,480

98,661

139,347

210,704

186,488

77,722

68,911

132,846

57,514

53,144

57,068

63,001

117,773

58,710

112,246

53,613

Short-term investments

166,661

214,054

172,542

88,553

96,048

178,013

223,284

262,836

240,157

281,589

225,107

145,861

182,528

130,291

175,936

214,215

210,275

257,713

278,246

332,596

258,567

251,759

172,060

170,857

198,433

150,892

116,066

95,358

77,656

Restricted Cash and Cash Equivalents, Current

4,274

3,421

3,201

2,280

1,528

1,062

272

30

47

173

170

172

174

178

1,930

145

262

341

-

-

-

-

-

-

-

-

-

-

-

Trade and other receivables, net

7,410

13,547

18,236

13,955

11,787

5,849

7,150

3,421

1,693

3,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled - collaboration and license revenue

3,408

3,783

3,788

4,795

6,317

9,880

9,872

6,491

4,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables from collaborators

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

-

7,500

1,000

-

-

12

57

73

182

6,664

309

227

3,494

662

Inventories

3,576

4,101

2,357

1,547

2,672

7,873

6,123

7,082

3,248

1,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid research and development

-

-

-

-

-

-

963

1,282

3,449

-

1,888

3,487

5,898

7,299

15,575

22,478

10,854

16,976

-

-

-

1,686

-

-

-

-

-

-

-

Prepaid manufacturing

-

-

-

-

-

-

4,071

17,880

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid and other current assets

10,374

7,998

10,106

9,408

9,713

11,699

5,257

6,808

14,569

9,744

8,766

12,330

3,312

2,680

4,596

5,263

3,295

3,059

20,499

15,967

12,025

4,061

4,730

5,009

5,168

3,733

3,669

3,970

2,982

Total current assets

391,938

462,133

514,495

305,923

354,858

353,327

403,692

478,882

436,237

477,923

579,952

285,687

327,581

328,928

301,698

381,448

442,890

465,577

376,467

417,474

403,450

315,077

230,007

233,116

273,266

272,707

178,672

215,068

134,913

Property and equipment, net

4,872

4,264

4,561

4,769

5,032

5,236

4,921

5,358

5,393

5,217

5,614

5,576

5,795

6,143

6,384

6,819

6,779

6,243

5,406

4,584

3,211

2,776

2,732

2,890

2,670

2,600

2,428

2,516

2,861

Intangible assets

-

-

3,699

3,844

7,137

7,279

7,423

7,567

7,710

7,851

7,996

8,151

3,151

3,151

3,151

3,151

3,151

3,151

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

11,112

12,064

11,836

12,316

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, noncurrent portion

70,400

56,100

33,300

31,600

-

9,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments

31,164

36,961

-

-

-

0

10,881

20,777

42,514

71,076

28,625

-

-

-

-

-

-

15,960

-

6,091

64,960

83,030

36,803

58,002

44,269

50,371

44,151

27,586

6,115

Prepaid and other long-term assets

3,781

6,965

9,298

8,037

33,355

10,932

20,788

14

4,812

9,609

9,609

6,277

4,168

5,214

6,316

16,018

11,177

11,993

12,987

13,910

14,678

15,612

10,007

-

-

53

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

34

-

116

220

2,112

Total assets

513,306

578,483

577,185

366,497

400,382

386,419

447,705

512,598

496,666

571,676

631,796

305,691

340,695

343,436

317,549

407,436

463,997

502,924

394,860

442,059

486,299

416,495

279,549

294,014

320,239

325,731

225,367

245,390

146,001

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable

13,455

12,739

13,760

11,832

9,748

13,215

15,163

6,746

20,788

9,304

17,463

11,938

9,487

14,546

8,993

4,535

13,281

10,279

9,173

12,625

5,019

14,084

12,531

6,003

7,380

3,232

1,517

4,676

4,840

Accrued compensation and employee benefits

-

-

-

-

-

-

8,197

7,463

5,113

11,526

8,910

5,560

3,399

4,806

3,517

4,635

2,709

5,459

3,841

2,989

1,678

3,512

2,498

2,273

1,649

2,569

1,863

1,673

1,860

Accrued research and development

17,230

19,249

15,629

18,399

18,376

19,831

16,675

39,015

22,105

44,973

24,144

22,050

11,169

23,818

15,433

20,507

17,574

24,195

23,742

-

-

12,545

-

-

-

-

-

-

-

Accrued and other liabilities

39,920

49,773

32,852

33,242

28,413

22,310

9,293

7,456

5,641

3,552

4,065

3,038

3,283

1,696

2,339

3,365

2,725

2,826

3,697

24,492

24,761

1,421

15,284

19,315

14,990

17,796

15,960

16,325

7,399

Deferred revenue, current portion

1,188

1,623

1,061

1,267

2,212

1,847

2,358

4,928

3,861

11,169

15,187

15,187

20,798

20,798

17,148

17,148

16,938

8,387

8,705

9,021

9,335

9,569

9,875

7,719

8,779

1,958

3,930

6,696

4,042

Current portion of notes payable and long-term royalty-based debt

8,706

19,034

24,189

19,567

15,079

11,802

9,395

5,971

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

683

Total current liabilities

80,499

102,418

87,491

84,307

73,828

69,005

61,081

71,579

57,508

80,524

69,769

57,773

48,136

65,664

47,430

50,190

53,227

51,146

49,158

49,127

40,793

41,131

40,188

35,310

32,798

25,555

23,270

29,370

18,824

Notes Payable, Noncurrent

46,269

43,100

41,928

44,664

46,860

48,298

49,074

49,937

51,370

50,565

52,505

51,627

50,485

49,815

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term royalty-based debt, less current portion

171,237

162,897

157,182

157,434

156,926

155,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term debt

118,400

118,096

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Excluding Current Maturities

-

-

57,269

57,061

56,839

0

152,675

150,299

56,027

54,251

52,388

50,117

47,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term obligation to collaborator, less current portion

5,734

5,060

5,124

5,833

6,438

6,881

7,204

7,527

8,000

8,000

8,000

8,000

8,000

8,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, long-term

4,296

4,352

4,399

4,415

4,426

4,488

5,085

5,194

5,412

18,798

17,833

21,661

19,837

24,965

26,557

30,879

34,570

18,629

20,726

22,820

24,892

27,016

29,123

15,706

17,060

3,253

3,337

337

-

Long-term portion of lease liabilities

7,786

8,850

9,464

10,204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

7,052

3,885

1,440

1,985

4,415

11,924

5,658

8,001

8,181

10,045

2,912

3,146

2,707

2,303

2,261

2,455

2,660

2,826

2,068

2,079

1,639

546

1,006

1,102

1,189

588

811

1,087

1,466

Total liabilities

441,273

448,658

364,297

365,903

349,732

295,852

280,777

292,537

186,498

222,183

203,407

192,324

176,968

150,747

76,248

83,524

90,457

72,601

71,952

74,026

67,324

68,693

70,317

52,118

51,047

29,396

27,418

30,794

20,290

Commitments and contingencies (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Convertible preferred stock, $0.001 par value, 0 and 243,258,300 shares authorized at December 31, 2013 and 2012; 0 and 24,026,797 shares issued and outstanding at December 31, 2013 and 2012; redemption value of $317,280 at December 31, 2012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

317,280

Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000 shares authorized; no shares issued and outstanding

0

0

0

-

-

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.001 par value, 150,000 shares authorized at March 31, 2020 and December 31, 2019; 78,484 shares and 77,925, shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

80

80

79

70

70

68

67

66

67

66

67

59

58

57

57

57

57

57

53

52

52

49

42

41

41

41

35

35

1

Additional paid-in capital

1,956,263

1,946,077

1,932,428

1,670,627

1,652,292

1,614,320

1,601,950

1,584,144

1,568,386

1,551,728

1,538,583

1,140,660

1,121,628

1,108,832

1,100,924

1,092,450

1,084,766

1,076,791

906,031

896,110

888,703

770,789

592,755

589,581

585,522

581,911

458,460

456,657

10,717

Accumulated deficit

-1,885,138

-1,816,367

-1,719,691

-1,670,064

-1,603,860

-1,525,704

-1,437,156

-1,365,853

-1,259,660

-1,204,519

-1,112,571

-1,029,634

-959,980

-918,345

-864,504

-771,615

-714,276

-649,302

-583,196

-528,038

-469,710

-422,797

-383,541

-347,748

-316,398

-285,672

-260,610

-242,060

-202,320

Accumulated other comprehensive income

828

35

72

-39

-80

-283

-437

-674

-801

-409

-37

-70

-91

-12

44

93

66

-150

20

-91

-70

-239

-24

22

27

55

64

-36

33

Total Portola stockholders’ equity

-

-

212,888

594

48,422

88,401

164,424

217,683

307,992

346,866

426,042

111,015

161,615

190,532

236,521

320,985

370,613

427,396

322,908

368,033

418,975

347,802

209,232

241,896

269,192

296,335

197,949

214,596

-191,569

Noncontrolling interest

-

-

0

-

2,228

2,166

2,504

2,378

2,176

2,627

2,347

2,352

2,112

2,157

4,780

2,927

2,927

2,927

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

72,033

129,825

212,888

594

50,650

90,567

166,928

220,061

310,168

349,493

428,389

113,367

163,727

192,689

241,301

323,912

373,540

430,323

-

-

-

347,802

-

-

-

-

-

-

-

Total liabilities and stockholders’ equity

513,306

578,483

577,185

366,497

400,382

386,419

447,705

512,598

496,666

571,676

631,796

305,691

340,695

343,436

317,549

407,436

463,997

502,924

394,860

442,059

486,299

416,495

279,549

294,014

320,239

325,731

225,367

245,390

146,001