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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net loss $ (83,313) $ (98,600) $ (108,408)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization of property and equipment 7,594 7,637 7,108
Share-based compensation expense 11,440 13,594 12,822
Amortization of premium on investments 1,383 2,162 3,575
Amortization of intangibles 1,061 1,061 1,061
Impairment of equity investment     244
Loss on disposal of assets     23
Changes in operating assets and liabilities:      
Accounts receivable (11,958) 5,668 (2,284)
Unbilled revenue 1,109 504 (2,613)
Prepaid expenses and other current assets (14) (64) 1,552
Restricted cash 59   (748)
Other long-term assets (92)    
Accounts payable (3,380) 1,126 2,727
Accrued expenses 14,151 (1,099) 1,806
Deferred revenue (9,015) 3,282 (3,979)
Other current liabilities (58) 22 (18)
Other long-term liabilities (482) (461) 300
Net cash used in operating activities (71,515) (65,168) (86,832)
Cash Flows from Investing Activities:      
Purchases of property and equipment (4,068) (8,360) (9,450)
Purchases of marketable securities (405,673) (111,809) (229,969)
Proceeds from maturities of marketable securities 245,907 195,342 294,183
Proceeds from sales of marketable securities     3,822
Net cash (used in) provided by investing activities (163,834) 75,173 58,586
Cash Flows from Financing activities:      
Proceeds from public offering of common stock, net of issuance costs 148,439    
Net proceeds from issuance of common stock under ATM facility 64,503 18,305  
Proceeds from issuance of common stock under stock plans 24,567 3,273 5,022
Repurchase of common stock pursuant to share surrender (2,048)    
Net cash provided by financing activities 235,461 21,578 5,022
Increase (decrease) in cash and cash equivalents 112 31,583 (23,224)
Cash and cash equivalents, beginning of period 61,349 29,766 52,990
Cash and cash equivalents, end of period $ 61,461 $ 61,349 $ 29,766