OTHER BALANCE SHEET DETAILS |
7. OTHER BALANCE SHEET DETAILS Inventory The components of inventory are summarized as follows: | | | | | | | | | | | | (In thousands) | As of March 31, 2025 | | As of December 31, 2024 | Raw materials | $ | 23,397 | | | $ | 23,965 | | Work in process | 53,988 | | | 64,978 | | Finished goods | 32,963 | | | 26,433 | | Total inventory | $ | 110,348 | | | $ | 115,376 | |
As of March 31, 2025 and December 31, 2024, we had $44.8 million and $36.9 million of long-term inventory, respectively, included within other assets in our condensed consolidated balance sheets as we anticipate it being consumed beyond our normal operating cycle. Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within our condensed consolidated balance sheets to the totals of these amounts shown in the condensed consolidated statements of cash flows: | | | | | | | | | | | | | As of March 31, | (In thousands) | 2025 | | 2024 | Cash and cash equivalents | $ | 1,019,654 | | | $ | 681,879 | | Total restricted cash included in other assets | 2,595 | | | 2,840 | | Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows | $ | 1,022,249 | | | $ | 684,719 | |
Accumulated Other Comprehensive Loss The following tables summarize the changes in accumulated other comprehensive loss, by component: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Loss on Investment in Joint Venture | | Defined Benefit Pension Plans | | Unrealized Gains (Losses) from Debt Securities | | Foreign Currency Translation Adjustment | | Total Accumulated Other Comprehensive Loss | Balance as of December 31, 2024 | $ | (32,792) | | | $ | (4,249) | | | $ | 1,544 | | | $ | 979 | | | $ | (34,518) | | Other comprehensive loss before reclassifications | — | | | — | | | 1,528 | | | (4,084) | | | (2,556) | | Amounts reclassified from accumulated other comprehensive loss | — | | | 55 | | | (498) | | | — | | | (443) | | Net other comprehensive income (loss) | — | | | 55 | | | 1,030 | | | (4,084) | | | (2,999) | | Balance as of March 31, 2025 | $ | (32,792) | | | $ | (4,194) | | | $ | 2,574 | | | $ | (3,105) | | | $ | (37,517) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Loss on Investment in Joint Venture | | Defined Benefit Pension Plans | | Unrealized Gains (Losses) from Debt Securities | | Foreign Currency Translation Adjustment | | Total Accumulated Other Comprehensive Loss | Balance as of December 31, 2023 | $ | (32,792) | | | $ | (2,753) | | | $ | 1,548 | | | $ | 10,622 | | | $ | (23,375) | | Other comprehensive loss before reclassifications | — | | | — | | | (6) | | | (78) | | | (84) | | Amounts reclassified from accumulated other comprehensive loss | — | | | 33 | | | (3,562) | | | — | | | (3,529) | | Net other comprehensive income (loss) | — | | | 33 | | | (3,568) | | | (78) | | | (3,613) | | Balance as of March 31, 2024 | $ | (32,792) | | | $ | (2,720) | | | $ | (2,020) | | | $ | 10,544 | | | $ | (26,988) | |
Amounts reclassified out of accumulated other comprehensive loss relate to settlements of marketable debt securities and amortization of our pension obligation which are recorded as other expense, net in the condensed consolidated statements of operations and comprehensive loss.
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