XML 18 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (47,473) $ (35,801)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of fixed assets 2,473 1,587
Stock-based compensation 6,100 3,620
Amortization of other liabilities (208) (58)
Amortization of deferred financing costs 13  
Amortization of premium on short-term investments 214 377
Amortization of intangible assets 50  
Changes in assets and liabilities:    
Accounts receivable, net (688) (205)
Inventory, net (1,480) (1,406)
Prepaid expenses and other current assets (347) (364)
Accounts payable (467) (646)
Accrued liabilities (664) (2,309)
Lease incentive obligation 130 (138)
Accrued interest   6
Net cash used in operating activities (42,347) (35,337)
Cash flows from investing activities:    
Purchases of marketable securities (6,118) (11,145)
Maturities of marketable securities 61,680 31,116
Purchases of property and equipment (2,389) (2,371)
Net cash used in investing activities 53,173 17,600
Cash flows from financing activities:    
Proceeds from exercise of common stock options 288 386
Payments on capital lease obligations   (91)
Payments on mortgage payable (41)  
Net cash provided by financing activities 247 295
Effects of exchange rate on cash and cash equivalents (57) (10)
Net increase (decrease) in cash and cash equivalents 11,016 (17,452)
Cash and cash equivalents, beginning of period 41,135 58,131
Cash and cash equivalents, end of period 52,151 40,679
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment acquired but not paid 1,034 836
Unrealized gain on available-for-sale investments 473 195
Issuance of 340,950 and 21,826 shares of common stock to fund the Company’s 401(k) matching contribution for 2015 and 2014, respectively 2,146 835
Interest paid $ 53 $ 4