XML 34 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net loss $ (176,061) $ (88,096) $ (21,003)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization of property and equipment 9,917 8,023 7,593
Impairment of equipment 3,608 0 0
Share-based compensation expense 21,222 16,127 18,322
Amortization of premium on investments (438) 167 595
Amortization of intangibles 1,153 1,153 1,529
Loss on disposal of assets 510 61 0
Changes in operating assets and liabilities:      
Collaboration receivable 3,677 55,194 (49,057)
Prepaid expenses and other current assets 573 (2,098) (1,128)
Other long-term assets (703) 1,229 (1,692)
Accounts payable (1,158) 7,446 (1,032)
Accrued expenses (6,229) (6,253) 2,043
Accrued restructuring 3,235 0 0
Collaboration liabilities (4,537) (23,637) 32,895
Deferred revenue (33,438) (5,015) 16,649
Lease incentive 5,860 4,051 0
Other current liabilities 15,182 (66) (449)
Other long-term liabilities 2,037 2,629 3,724
Net cash (used in) provided by operating activities (155,590) (29,085) 8,989
Cash Flows from Investing Activities:      
Purchases of property and equipment (9,019) (17,127) (5,609)
Proceeds from disposal of equipment 1,447 267 0
Purchases of marketable securities (202,525) (524,888) (360,008)
Proceeds from maturities of marketable securities 308,178 420,669 445,665
Net cash provided by (used in) investing activities 98,081 (121,079) 80,048
Cash Flows from Financing Activities:      
Proceeds from public offering of common stock, net of issuance costs 217,786 0 0
Net proceeds from issuance of common stock under ATM facility 0 64,090 0
Proceeds from issuance of common stock under stock plans 29,272 10,258 2,407
Repurchase of common stock pursuant to share surrender 0 0 (1,066)
Net cash provided by financing activities 247,058 74,348 1,341
Net increase (decrease) in cash, cash equivalents and restricted cash 189,549 (75,816) 90,378
Cash, cash equivalents, and restricted cash, beginning of period 96,683 172,499 82,121
Cash, cash equivalents, and restricted cash, end of period 248,334 73,651  
Non-Cash Activities:      
Common shares issued to Parivid to settle milestone payment 0 0 3,190
Purchases of property and equipment included in accounts payable and accrued expenses 43 1,228 935
Receivable due from stock option exercises 0 93 0
Accounting Standards Update 2016-09      
Non-Cash Activities:      
Impact from adoption of ASUs 0 783 0
Accounting Standards Update 2014-09      
Non-Cash Activities:      
Impact from adoption of ASUs $ 5,511 $ 0 $ 0