XML 39 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (30,153) $ (38,658)
Loss from discontinued operations (947) (943)
Loss from continuing operations (29,206) (37,715)
Adjustments to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 1,508 2,190
Depreciation and amortization expense 1,182 1,198
Stock-based compensation expense 796 2,510
Changes in operating assets and liabilities:    
Accounts receivable 232 11
Accounts payable, accrued expenses and other 8,054 (2,231)
Other assets and liabilities, net (690) 1,324
Net cash used by continuing operations for operating activities (18,124) (32,713)
Net cash provided by (used in) discontinuing operations for operating activities 7,968 (20,810)
Net cash used in operating activities (10,156) (53,523)
Cash flows from investing activities    
Purchases of marketable securities   (84,262)
Purchases of property and equipment (290) (1,229)
Net cash used in investing activities (290) (85,491)
Cash flows from financing activities    
Proceeds from exercise of options to purchase common stock 4,053 1,645
Proceeds from issuance of preferred stock by Silver Creek Pharmaceuticals, Inc. 2,024  
Net cash provided by financing activities 6,077 1,645
Net decrease in cash and cash equivalents (4,369) (137,369)
Cash and cash equivalents, beginning of period 21,524 185,606
Cash and cash equivalents, end of period 17,155 48,237
Non-cash investing and financing activities    
Purchases of property and equipment in accounts payable, accrued expenses and other 34 388
Receivables related to stock option exercises in prepaid expenses and other current assets 76 53
Supplemental disclosure of cash flows    
Cash paid for interest $ 1,368 $ 2,813