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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 69,883 $ (12,865)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 227 232
Stock-based compensation 1,222 1,557
Deferred income taxes (67) 0
Loss on disposal of equipment 26 0
Changes in operating assets and liabilities:    
Accounts and other receivables (1,861) (527)
Prepaid expenses and other current assets 116 150
Other assets (4,524) (55)
Accounts payable (2,391) 1,000
Accrued compensation and other current liabilities (2,181) (1,741)
Deferred revenue 25,197 (2,046)
Other long-term liabilities 422 (22)
Net cash provided by (used in) operating activities 86,203 (14,317)
Cash flows provided by (used in) investing activities:    
Purchases of short-term investments (8,861) (9,931)
Proceeds from maturities of short-term investments 11,000 10,000
Purchases of property and equipment (6) (83)
Net cash provided by (used in) investing activities 2,133 (14)
Cash flows provided by financing activities:    
Issuance of common stock under employee stock purchase plan 98 175
Exercise of stock options 6,072 401
Net cash provided by financing activities 6,170 576
Net increase (decrease) in cash and cash equivalents 94,506 (13,755)
Cash and cash equivalents:    
Beginning of period 24,622 56,865
End of period 119,128 43,110
Supplemental disclosure of cash flow information    
Cash paid for taxes 90 39
Supplemental disclosure of noncash operating, investing, and financing activities    
Amounts accrued for property and equipment 0 11
Release of Restricted Stock Units and Awards under company stock plan $ 1,860 $ 1,768