Company: PACB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001299130-25-000061
Chunk: 794

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 3
Chunk 794
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585)451,505 Total cash, cash equivalents, and investments $631,197 $864 $(645)$631,416 Short-term restricted cash$300 $— $— $300 Long-term restricted cash$2,422 $— $— $2,422 The following table summarizes the contractual maturities of our cash equivalents and available-for-sale investments, excluding money market funds, as of December 31, 2024:(in thousands)Fair ValueDue in one year or less $238,957 Due after one year through 5 years 95,604 Total investments $334,561 Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without call or prepayment penalties.

Fiscal 2024 Form 10-K102

Investment income included in other income, net on our consolidated statements of operations and comprehensive loss was $24.9 million and $32.8 million for the years ended December 31, 2024 and 2023, respectively.

NOTE 4.  BALANCE SHEET COMPONENTS Inventory, NetInventory, net, consisted of the following components:December 31,(in thousands)20242023Purchased materials$45,270 $32,434 Work in process22,172 27,653 Finished goods14,081 15,746 Inventory, gross81,523 75,833 Inventory reserve(22,768)(19,157)Inventory, net$58,755 $56,676 Property and Equipment, NetProperty and equipment, net, consisted of the following components: December 31,(in thousands)20242023Laboratory equipment and machinery $47,273 $44,907 Leasehold improvements33,770 35,226 Computer equipment18,882 19,528 Software7,280 6,628 Furniture and fixtures2,972 3,594 Construction in progress2,276 1,343 Total112,453 111,226 Less: Accumulated depreciation (81,948)(74,794)Property and equipment, net $30,505 $36,432 Construction in progress consists of capitalizable costs that have been incurred for the construction of finite-lived assets and is primarily comprised of amounts that will be classified as lab equipment. Depreciation expense during the years ended December 31, 2024