v3.25.1
OTHER BALANCE SHEET DETAILS
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
OTHER BALANCE SHEET DETAILS
7. OTHER BALANCE SHEET DETAILS
Inventory
The components of inventory are summarized as follows:
(In thousands)As of March 31, 2025As of December 31, 2024
Raw materials$23,397 $23,965 
Work in process
53,988 64,978 
Finished goods32,963 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)20252024
Cash and cash equivalents$1,019,654 $681,879 
Total restricted cash included in other assets2,595 2,840 
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows
$1,022,249 $684,719 
Accumulated Other Comprehensive Loss
The following tables summarize the changes in accumulated other comprehensive loss, by component:
(In thousands)Loss on Investment in Joint VentureDefined Benefit Pension
Plans
Unrealized Gains (Losses) from Debt
Securities
Foreign Currency Translation
Adjustment
Total Accumulated Other
Comprehensive Loss
Balance as of December 31, 2024$(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 VentureDefined 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.