XML 25 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net loss $ (78,096) $ (84,510)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 792 756
Amortization of right-of-use asset 459  
Accretion of discount on investment securities (262) (491)
Non-cash interest expense 6,481 2,581
Stock-based compensation expense, net of capitalized labor 17,894 10,980
Remeasurement gain on embedded derivatives liabilities (472) (1,634)
Provision for excess and obsolete inventories 3,945  
Changes in operating assets and liabilities:    
Inventories 1,498 (2,149)
Trade and other receivables, net (5,938) 4,763
Unbilled - collaboration and license revenue 3,563 2,034
Prepaid expenses and other current assets 1,986 (11,244)
Prepaid and other long-term assets (11,042) 4,797
Accounts payable (4,489) 11,469
Accrued research and development (1,455) (22,868)
Accrued and other liabilities 3,225 (4,324)
Deferred revenue 303 1,650
Notes payable, long term royalty-based debt and long term obligation to collaborator (2,027)  
Other long-term liabilities   (230)
Net cash used in operating activities (63,635) (88,420)
Investing activities    
Capital expenditures, net (327) (512)
Purchases of investments (41,708) (78,048)
Proceeds from maturities of investments 124,138 148,141
Net cash provided by investing activities 82,103 69,581
Financing activities    
Proceeds from debt issuance, net 59,203  
Proceeds from issuance of common stock pursuant to equity award plans, net 10,637 5,678
Other   (119)
Net cash provided by financing activities 69,840 5,559
Net (decrease) increase in cash, cash equivalents and restricted cash 88,308 (13,280)
Cash, cash equivalents and restricted cash at beginning of period 140,013 181,741
Cash, cash equivalents and restricted cash at end of period $ 228,321 $ 168,461