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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (550,056) $ (348,647)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accretion, net 8,663 9,653
Stock-based compensation 129,779 65,702
Non-cash gain on litigation settlement (10,000)  
Charge for 401(k) company stock match 3,612 1,735
Unrealized gain on marketable equity securities (5,004)  
Realized loss on sale of marketable equity securities   1,894
Other   608
Changes in operating assets and liabilities:    
Proceeds from landlord lease incentive for tenant improvements 11,597  
Accounts receivable, net (30,640) (8,690)
Inventory (10,354)  
Prepaid expenses and other assets (34,125) (2,052)
Accounts payable (650) (17,271)
Accrued expenses and other 25,242 5,990
Deferred revenue (11,503) (6,044)
Net cash used in operating activities (412,159) (279,742)
Cash flows from investing activities:    
Purchases of property, plant and equipment (89,374) (83,481)
Purchases of restricted investments (14,825)  
Purchases of marketable debt securities (992,385) (512,026)
Sales and maturities of marketable securities 1,120,565 465,734
Net cash provided by (used in) investing activities 23,981 (129,773)
Cash flows from financing activities:    
Proceeds from exercise of stock options and other types of equity 61,268 41,600
Proceeds from issuance of common stock, net of offering costs   355,150
Proceeds from issuance of common stock to Sanofi Genzyme   21,381
Payments for repurchase of common stock for employee tax withholding (1,176) (188)
Net cash provided by financing activities 60,092 417,943
Net (decrease) increase in cash, cash equivalents and restricted cash (328,086) 8,428
Cash, cash equivalents and restricted cash, beginning of period 646,832 195,088
Cash, cash equivalents and restricted cash, end of period $ 318,746 $ 203,516