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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net loss $ (84,510) $ (41,764)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 756 504
Net amortization/accretion on investment securities (491) 161
Non-cash interest expense 2,581 1,639
Stock-based compensation expense 10,980 9,034
Remeasurement gain on embedded derivatives liabilities (1,634)  
Changes in operating assets and liabilities:    
Inventories (2,149)  
Trade and other receivables, net 4,763  
Unbilled - collaboration and license revenue 2,034  
Prepaid research and development (2,715) 1,401
Prepaid expenses and other current assets (8,529) (632)
Prepaid and other long-term assets 4,797 1,046
Accounts payable 11,469 (5,123)
Accrued compensation and employee benefits (6,413) (1,407)
Accrued research and development (22,868) (12,649)
Accrued and other liabilities 2,089 1,587
Deferred revenue 1,650 (5,128)
Other long-term liabilities (230) (205)
Net cash used in operating activities (88,420) (51,536)
Investing activities    
Purchases of property and equipment (512) (113)
Purchases of investments (78,048) (147,781)
Proceeds from maturities of investments 148,141 95,304
Net cash provided by (used in) investing activities 69,581 (52,590)
Financing activities    
Proceeds from debt issuance, net   48,000
Debt issuance costs paid   (536)
Proceeds from issuance of common stock pursuant to equity award plans 5,679 3,847
Dividends to Noncontrolling interest (SRX Cardio)'s shareholders (120)  
Net cash provided by financing activities 5,559 51,311
Net decrease in cash, cash equivalents and restricted cash (13,280) (52,815)
Cash, cash equivalents and restricted cash at beginning of period 181,741 188,658
Cash, cash equivalents and restricted cash at end of period $ 168,461 $ 135,843