XML 21 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net loss $ (167,211) $ (157,803) $ (100,048)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization of fixed assets 11,309 7,600 3,710
Loss on disposal of property and equipment 151 40 49
Stock-based compensation 23,732 18,050 11,520
Amortization of deferred license fees     (294)
Amortization of other liabilities (1,013) (573)  
Amortization of deferred financing costs 52 44  
Forgiveness of long-term debt   (1,000)  
Amortization of premium on short-term investments 463 1,323 842
Amortization of intangible assets 200 150  
Proceeds from refundable tax credits 800    
Changes in assets and liabilities:      
Accounts receivable, net (3,593) (3,557) (1,376)
Inventory, net (156) (2,660) (4,017)
Prepaid expenses and other current assets 761 (3,057) (1,329)
Accounts payable (2,598) 661 1,886
Accrued liabilities 7,349 7,424 8,064
Lease incentive obligation (312) (553) (487)
Accrued interest   (106) 22
Net cash used in operating activities (130,066) (134,017) (81,458)
Cash flows from investing activities:      
Purchases of marketable securities (189,989) (205,054) (209,471)
Maturities of marketable securities 193,321 162,283 104,172
Purchases of property and equipment (14,851) (20,084) (11,991)
Purchases of intangible assets   (1,900)  
Net cash used in investing activities (11,519) (64,755) (117,290)
Cash flows from financing activities:      
Proceeds from exercise of common stock options 3,411 1,248 2,640
Proceeds from sale of common stock, net of issuance costs 144,242 174,140 238,580
Payments on capital lease obligations   (360) (351)
Proceeds from mortgage payable   5,062  
Payments on mortgage payable (166) (44)  
Proceeds from New Market Tax Credit financing agreements     2,399
Proceeds in connection with the Company's employee stock purchase plan 2,099 1,719 760
Net cash provided by financing activities 149,586 181,765 244,028
Effects of exchange rate on cash and cash equivalents (215) 11  
Net increase (decrease) in cash and cash equivalents 7,786 (16,996) 45,280
Cash and cash equivalents, beginning of period 41,135 58,131  
Cash and cash equivalents, end of period 48,921 41,135 58,131
Supplemental disclosure of non-cash investing and financing activities:      
Property and equipment acquired but not paid 655 1,705 546
Unrealized gain on available-for-sale investments 230 (329) (240)
Issuance of 341,507, 21,826 and 32,666 shares of common stock to fund the Company's 401(k) matching contribution for 2015, 2014 and 2013, respectively 2,151 836 456
Interest paid $ 209 $ 95 $ 29