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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net loss $ (115,118) $ (76,582)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration 1,001 2,188
Depreciation and amortization 4,747 3,509
Stock-based compensation expense 20,926 21,482
Other non-cash items 1,563 269
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,722) (1,059)
Accounts payable (3,132) (418)
Accrued expenses and other liabilities 2,497 1,098
Deferred revenue 7,669 13,716
Deferred rent 469 (480)
Net cash used in operating activities (81,100) (36,277)
Investing activities    
Restricted cash 209 359
Purchase of property and equipment (6,057) (2,568)
Purchases of marketable securities (80,845) (261,440)
Proceeds from maturities of marketable securities 226,825 62,680
Net cash provided by (used in) investing activities 140,132 (200,969)
Financing activities    
Cash paid for contingent purchase price consideration (2,025)  
Proceeds from public offering of common stock, net of issuance costs   477,179
Proceeds from issuance of common stock 1,353 5,521
Net cash (used in) provided by financing activities (672) 482,700
Increase in cash and cash equivalents 58,360 245,454
Cash and cash equivalents at beginning of period 164,269 347,845
Cash and cash equivalents at end of period 222,629 593,299
Non-cash investing and financing activities:    
Construction financing lease obligation 24,725  
Purchases of property and equipment included in accounts payable and accrued expenses $ 909 $ 524