Exhibit 99.1
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Consolidated Balance Sheets
(Unaudited)
(in thousands except per share amounts) | December 31, 2012 | December 31, 2011 | ||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 46,540 | $ | 58,865 | ||||
Investments | 54,040 | 118,569 | ||||||
Accounts receivable | 2,822 | 4,557 | ||||||
Inventory, net | 9,592 | 15,517 | ||||||
Prepaid expenses and other current assets | 2,006 | 2,093 | ||||||
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Total current assets | 115,000 | 199,601 | ||||||
Property and equipment, net | 14,329 | 18,398 | ||||||
Other long-term assets | 354 | 317 | ||||||
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Total assets | $ | 129,683 | $ | 218,316 | ||||
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Liabilities and Stockholders’ Equity | ||||||||
Current liabilities | ||||||||
Accounts payable | $ | 2,988 | $ | 4,742 | ||||
Accrued expenses and other current liabilities | 8,204 | 10,258 | ||||||
Deferred revenue, current | 3,378 | 4,236 | ||||||
Facility financing obligation, current | 173 | 140 | ||||||
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Total current liabilities | 14,743 | 19,376 | ||||||
Deferred revenue, non-current | 800 | 1,616 | ||||||
Deferred rent and other long-term liabilities | 2,145 | 3,075 | ||||||
Facility financing obligation, non-current | 2,613 | 2,786 | ||||||
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Total liabilities | 20,301 | 26,853 | ||||||
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Stockholders’ equity | ||||||||
Preferred Stock, $0.001 par value: Authorized 50,000 shares; No shares issued or outstanding at December 31, 2012 and December 31, 2011 | — | — | ||||||
Common Stock and additional paid-in-capital, $0.001 par value: Authorized 1,000,000 shares; Issued and outstanding 56,170 shares at December 31, 2012 and 54,964 shares at December 31, 2011 | 645,372 | 632,961 | ||||||
Accumulated other comprehensive income | 30 | 57 | ||||||
Accumulated deficit | (536,020 | ) | (441,555 | ) | ||||
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Total stockholders’ equity | 109,382 | 191,463 | ||||||
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Total liabilities and stockholders’ equity | $ | 129,683 | $ | 218,316 | ||||
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