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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:    
Net loss $ (24,099) $ (53,518)
Non-cash items:    
Depreciation and amortization 3,963 3,637
Share-based compensation expense 2,231 7,116
Amortization of premium on investments 563 1,449
Amortization of intangibles 530 530
Changes in operating assets and liabilities:    
Accounts receivable (26,300) 4,527
Unbilled revenue 509 878
Prepaid expenses and other current assets 934 867
Accounts payable (5,538) (2,322)
Accrued expenses 6,997 (238)
Deferred revenue (4,130) (1,901)
Other current liabilities 61  
Other long-term liabilities (301) (196)
Net cash used in operating activities (44,580) (39,171)
Cash Flows from Investing Activities:    
Purchases of property and equipment (1,360) (4,718)
Purchases of marketable securities (68,040) (64,284)
Proceeds from maturities of marketable securities 92,334 139,415
Net cash provided by investing activities 22,934 70,413
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 facilities 64,503  
Proceeds from issuance of common stock under stock plans 21,210 1,911
Purchase of treasury stock (2,048)  
Net cash provided by financing activities 232,104 1,911
Increase in cash and cash equivalents 210,458 33,153
Cash and cash equivalents, beginning of period 61,349 29,766
Cash and cash equivalents, end of period $ 271,807 $ 62,919