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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Collaboration revenue $ 6,155 $ 14,079 $ 25,031
Research and license fees     390
Total revenue 6,155 14,079 25,421
Operating expenses:      
Research and development 204,775 134,038 62,574
General and administrative 65,119 46,209 23,227
Change in fair value of contingent consideration 4,091 2,869 246
Total operating expenses 273,985 183,116 86,047
Loss from operations (267,830) (169,037) (60,626)
Other income, net 3,711 2,314 120
Loss before income taxes (264,119) (166,723) (60,506)
Income tax benefit (expense) 612 (60) 11,797
Net loss $ (263,507) $ (166,783) $ (48,709)
Net loss per share - basic and diluted $ (7.07) $ (4.81) $ (1.83)
Weighted-average number of common shares used in computing net loss per share - basic and diluted 37,284 34,669 26,546
Other comprehensive income (loss):      
Unrealized gain (loss) on available-for-sale securities, net of tax expense of $0.6 and $0.0 million for the years ended December 31, 2016 and 2015, respectively $ 1,142 $ (2,220) $ (71)
Total other comprehensive income (loss) 1,142 (2,220) (71)
Comprehensive loss $ (262,365) $ (169,003) $ (48,780)