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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net loss $ (43,541) $ (42,731)
Adjustments to reconcile net loss to net cash used in operating activities    
Remeasurement of convertible preferred stock warrants (587) 576
Amortization of premium on available-for-sale securities 341  
Amortization of deferred lease benefits and tax incentives (295) (385)
Depreciation and amortization 2,217 2,670
Stock-based compensation 2,749 3,784
Changes in operating assets and liabilities    
Purchased premiums and interest on available-for-sale securities (1,760)  
Accounts receivable 486 (1,027)
Prepaid expenses and other current assets (281) (1,184)
Accounts payable (1,911) 1,355
Accrued expenses and other 1,258 1,455
Deferred revenues 553 3,916
Deferred lease benefits and tax incentives 329 1,212
Other assets and liabilities, net   14
Net cash used in operating activities (40,442) (30,345)
Cash flows from investing activities    
Purchase of available-for-sale securities (73,825)  
Purchase of property and equipment (891) (1,833)
Other investing activities, net (100) 1
Net cash used in investing activities (74,816) (1,832)
Cash flows from financing activities    
Proceeds from initial public offering, net of offering costs 100,025  
Proceeds from issuance of convertible preferred stock, net of offering costs   76,949
Proceeds from exercise of stock options 847 457
Proceeds from exercise of stock warrants 26  
Principal payments on capital lease obligations (48) (307)
Payment of dividends on Series B convertible preferred stock (4,003)  
Net cash provided by financing activities 96,847 77,099
Net increase (decrease) in cash and cash equivalents (18,411) 44,922
Cash and cash equivalents, beginning of period 50,454 30,713
Cash and cash equivalents, end of period 32,043 75,635
Non-cash investing and financing activities    
Conversion of convertible preferred stock to common stock 268,225  
Conversion of convertible preferred stock warrants to common stock warrants 929  
Reclassification of deferred financing costs to stockholders' equity 2,748  
Dividends on Series B convertible preferred stock declared but not paid 261  
Supplemental disclosure of cash flows    
Cash paid for interest   $ 10