PACIFIC BIOSCIENCES OF CALIFORNIA, INC. - FORM 8-K - EX-99.1 - October 23, 2014

Attached files

file filename
8-K - 8-K - PACIFIC BIOSCIENCES OF CALIFORNIA, INC.pacb-20141023x8k.htm
EX-99.2 - EX-99.2 - PACIFIC BIOSCIENCES OF CALIFORNIA, INC.pacb-20141023ex992c80620.htm
EX-99.3 - EX-99.3 - PACIFIC BIOSCIENCES OF CALIFORNIA, INC.pacb-20141023ex993a3ec47.htm

Exhibit 99.1

PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

Condensed Consolidated Balance Sheets

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

(in thousands except par value amounts)

2014

 

2013

Assets

 

 

 

 

 

Current assets

 

 

 

 

 

Cash and cash equivalents

$
35,411 

 

$
26,362 

Investments

 
63,901 

 

 
86,166 

Accounts receivable

 
2,370 

 

 
2,746 

Inventory, net

 
11,398 

 

 
10,050 

Prepaid expenses and other current assets

 
1,057 

 

 
1,135 

Total current assets

 
114,137 

 

 
126,459 

Property and equipment, net

 
7,034 

 

 
9,236 

Other long-term assets

 
471 

 

 
490 

Total assets

$
121,642 

 

$
136,185 

 

 

 

 

 

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

Current liabilities

 

 

 

 

 

Accounts payable

$
5,845 

 

$
1,717 

Accrued expenses

 
8,726 

 

 
7,905 

Deferred service revenue, current

 
5,307 

 

 
4,046 

Deferred contractual revenue, current

 
6,785 

 

 
6,785 

Other liabilities, current

 
2,477 

 

 
2,102 

Total current liabilities

 
29,140 

 

 
22,555 

Deferred service revenue, non-current

 
918 

 

 
518 

Deferred contractual revenue, non-current

 
21,431 

 

 
26,519 

Other liabilities, non-current

 
2,505 

 

 
3,517 

Notes payable

 
13,914 

 

 
13,347 

Financing derivative

 
699 

 

 
549 

Total liabilities

 
68,607 

 

 
67,005 

 

 

 

 

 

 

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 70,976 shares at September 30, 2014 and 66,275 shares at December 31, 2013, respectively

 
71 

 

 
66 

Additional paid-in capital

 
715,439 

 

 
684,413 

Accumulated other comprehensive income

 
23 

 

 
14 

Accumulated deficit

 
(662,498)

 

 
(615,313)

Total stockholders’ equity

 
53,035 

 

 
69,180 

Total liabilities and stockholders’ equity

$
121,642 

 

$
136,185 

 

 

 

 

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. Reports