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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows provided by (used in) operating activities:    
Net income (loss) $ (19,636) $ 62,125
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 405 439
Stock-based compensation 3,184 3,752
Deferred income taxes 60 66
Other 0 26
Changes in operating assets and liabilities:    
Accounts and other receivables (3,916) (220)
Prepaid expenses and other current assets 1,539 (215)
Other assets (11,175) (4,077)
Accounts payable 3,762 (3,288)
Accrued compensation (2,003) (953)
Other current liabilities 1,742 150
Deferred revenue (2,108) 23,917
Other long-term liabilities 4,231 239
Net cash provided by (used in) operating activities (23,915) 81,961
Cash flows provided by (used in) investing activities:    
Purchases of short-term investments (8,930) (17,693)
Proceeds from maturities of short-term investments 14,000 19,500
Purchases of property and equipment (9) (31)
Net cash provided by investing activities 5,061 1,776
Cash flows provided by financing activities:    
Proceeds from issuance of common stock under employee stock purchase plan 109 98
Proceeds from stock options exercises 371 7,980
Net cash provided by financing activities 480 8,078
Net increase (decrease) in cash and cash equivalents (18,374) 91,815
Cash and cash equivalents:    
Beginning of period 110,988 24,622
End of period 92,614 116,437
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 25 81
Supplemental disclosure of noncash operating, investing, and financing activities:    
Release of restricted stock units and awards under company stock plan $ 7,065 $ 2,546