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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net loss $ (54,149) $ (82,619)
Non-cash items:    
Depreciation and amortization 5,799 5,663
Share-based compensation expense 6,787 10,515
Amortization of premium on investments 987 1,855
Amortization of intangibles 796 796
Changes in operating assets and liabilities:    
Accounts receivable (3,633) 5,446
Unbilled revenue 940 357
Prepaid expenses and other current assets 136 (300)
Restricted cash 59  
Accounts payable (1,714) (3,157)
Accrued expenses 3,779 461
Deferred revenue (6,572) (2,788)
Other current liabilities 25 (4)
Other long-term liabilities (422) (311)
Net cash used in operating activities (47,182) (64,086)
Cash Flows from Investing Activities:    
Purchases of property and equipment (2,747) (5,907)
Purchases of marketable securities (281,500) (68,805)
Proceeds from maturities of marketable securities 105,844 161,280
Net cash (used in) / provided by investing activities (178,403) 86,568
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 23,329 2,628
Purchase of treasury stock (2,048)  
Net cash provided by financing activities 234,223 2,628
Increase in cash and cash equivalents 8,638 25,110
Cash and cash equivalents, beginning of period 61,349 29,766
Cash and cash equivalents, end of period $ 69,987 $ 54,876