XML 56 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net loss $ (46,044) $ (58,574)
Adjustments to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 4,267 470
Depreciation and amortization 2,241 1,319
Stock-based compensation 7,091 5,416
Changes in operating assets and liabilities    
Purchased premiums and interest on available-for-sale securities (4) (291)
Accounts receivable (748) (5,270)
Accounts payable, accrued expenses and other (6,027) 11,386
Deferred revenues (26,169) (2,404)
Other assets and liabilities, net 1,173 2,518
Net cash used in operating activities (64,220) (45,430)
Cash flows from investing activities    
Purchases of available-for-sale securities (20,100) (8,290)
Proceeds from maturities of available-for-sale securities 94,733 49,010
Purchases of property and equipment (2,983) (3,305)
Other investing activities, net   (39)
Net cash provided by investing activities 71,650 37,376
Cash flows from financing activities    
Proceeds from exercise of common stock options and warrants 4,936 1,204
Proceeds from convertible notes issued by majority owned subsidiary, net of issuance costs 300 274
Other financing activities, net (1) (195)
Net cash provided by financing activities 5,235 1,283
Net increase (decrease) in cash and cash equivalents 12,665 (6,771)
Cash and cash equivalents, beginning of period 65,086 37,714
Cash and cash equivalents, end of period 77,751 30,943
Non-cash investing and financing activities    
Issuance of derivative liability 37 35
Property and equipment in accounts payable and accrued expenses 564  
Disposal of fully depreciated assets 670 77
Supplemental disclosure of cash flows    
Cash paid for interest $ 4,915 $ 2,076