Company: SRPT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029973
Chunk: 458

Company: Sarepta Therapeutics, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9A
Chunk 458
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 deposits and prepaids

        25,964

        74,204

        Restricted cash*

        15,579

        15,579

        Prepaid maintenance services

        4,381

        5,466

        Strategic investments

        3,710

        6,527

        Other

        3,394

        5,375

        Total other non-current assets
         
        $
        79,915

        $
        136,771

       * The Company had approximately $15.6 million in restricted cash included in other non-current assets on the Company's consolidated balance sheets as of December 31, 2024 and 2023. Restricted cash for both years relates to (i) letters of credit established under the Company's various property leases that serve as security for potential future default of lease payments, (ii) a letter of credit established under a certain commercial supply agreement and (iii) collateralized cash for the Company's credit cards. The restricted cash is unavailable for withdrawal or use for general obligations.

F-25

10. PROPERTY AND EQUIPMENT, NETProperty and equipment are recorded at historical cost, net of accumulated depreciation and accumulated impairment losses. The following table summarizes components of property and equipment, net, for each of the periods indicated: 

        As of December 31,

        2024

        2023

        (in thousands)

        Construction in progress
         
        $
        165,901

        $
        91,089

        Leasehold improvements

        155,073

        99,989

        Lab and manufacturing equipment

        129,881

        108,101

        Building and improvements

        51,178

        48,063

        Software and computer equipment

        50,179

        50,179

        Furniture and fixtures

        10,399

        9,339

        Land and land improvements

        10,171

        10,171

        Office equipment

        1,699

        1,193

        Property and equipment, gross

        574,481

        418,124

        Less: accumulated depreciation

        (233,704
        )

        (190,970
        )

        Less: accumulated impairment loss

        (441
        )

        —

        Property and equipment, net
         
        $
        340,336