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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net loss $ (350,544) $ (285,620) $ (268,113)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 3,102 2,410 1,924
Net (accretion) amortization on investment securities (1,864) (235) 1,113
Non-cash interest expense 18,740 11,603 61
Stock-based compensation expense, net of capitalized labor 46,159 43,284 30,362
Stock-based compensation expense for Lonza liability-classified award 9,201    
Charge associated with our Gen 1 manufacturing process transition 10,311    
Remeasurement (gain) loss on embedded derivatives liabilities (6,357) 4,562  
Provision for excess and obsolete inventories 2,246    
Loss on assets disposal 15 52  
Changes in operating assets and liabilities:      
Inventories (12,612) (1,099)  
Trade and other receivables, net 607 (3,750) 1,000
Unbilled - collaboration and license revenue (3,186)    
Prepaid expenses and other current assets (7,496) 235 10,055
Prepaid and other long-term assets (10,968) (4,395) 6,779
Accounts payable 1,881 (5,242) 4,308
Accrued compensation and employee benefits (732) 6,720 (653)
Accrued research and development (25,142) 21,155 (377)
Accrued and other liabilities 4,246 1,856 (892)
Deferred revenue (1,288) (15,796) 18,747
Notes payable, long term debt and long term obligation to collaborator (1,412)    
Other long-term liabilities (965) (865) (769)
Net cash used in operating activities (326,058) (225,125) (196,455)
Investing activities      
Purchases of property and equipment (2,559) (1,236) (1,864)
Purchases of intangible assets   (5,000)  
Purchases of investments (259,083) (575,624) (252,323)
Proceeds from maturities of investments 435,723 353,088 394,730
Net cash provided by (used in) investing activities 174,081 (228,772) 140,543
Financing activities      
Proceeds from debt issuance, net 95,000 47,444  
Proceeds from issuance of common stock from public offering, net   379,894  
Proceeds from issuance of common stock based on equity award plans, net 15,389 19,642 1,441
Dividends to Noncontrolling interest (SRX Cardio)'s shareholders (140)   (1,700)
Proceeds from long-term notes payable     50,000
Proceeds from long-term obligation to Collaborator     8,000
Net cash provided by financing activities 110,249 446,980 57,741
Net (decrease) increase in cash, cash equivalents and restricted cash (41,728) (6,917) 1,829
Cash, cash equivalents and restricted cash at beginning of period 181,741 188,658 186,829
Cash, cash equivalents and restricted cash at end of period $ 140,013 $ 181,741 188,658
Noncash investing and financing activities:      
Net change in accrued offering cost     $ (238)