XML 30 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net loss $ (102,888) $ (66,329)
Adjustments to reconcile net loss to net cash used by operating activities    
Share-based compensation 53,168 47,899
Depreciation and amortization 19,045 16,393
Amortization of premiums, accretion of discounts, and (gains) losses on debt securities (1,384) 653
Gains on equity securities (62,882) 0
Gain on Immunomedics warrant derivative 0 (76,699)
Income tax benefit on unrealized loss on available-for-sale securities 0 (5,415)
Deferred income taxes 0 (5,672)
Other long-term liabilities 1,035 (102)
Changes in operating assets and liabilities    
Accounts receivable, net (51,472) (28,504)
Inventories (15,194) 7,287
Prepaid expenses and other assets 4,183 (2,084)
Accounts payable and accrued liabilities 2,152 6,208
Deferred revenue (25,014) (10,141)
Net cash used by operating activities (179,251) (116,506)
Investing activities:    
Purchases of securities (374,356) (445,659)
Proceeds from maturities of securities 270,721 538,200
Proceeds from sales of securities 140,352 60,056
Purchases of property and equipment (14,941) (42,615)
Acquisition of Cascadian Therapeutics, Inc., net of cash acquired (598,151) 0
Net cash provided (used) by investing activities (576,375) 109,982
Financing activities:    
Net proceeds from issuance of common stock 658,242 0
Proceeds from exercise of stock options and employee stock purchase plan 51,896 25,991
Net cash provided by financing activities 710,138 25,991
Net increase (decrease) in cash and cash equivalents (45,488) 19,467
Cash and cash equivalents at beginning of period 160,945 108,673
Cash and cash equivalents at end of period $ 115,457 $ 128,140