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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net loss $ (68,712) $ (56,274)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration 1,433 1,013
Depreciation and amortization 2,844 2,283
Stock-based compensation expense 11,481 10,143
Other non-cash items 838 868
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (3,105) (2,271)
Accounts payable (3,257) (2,195)
Accrued expenses and other liabilities (13,318) 211
Deferred revenue (3,969) 9,222
Deferred rent 462 234
Net cash used in operating activities (75,303) (36,766)
Investing activities    
Purchase of property and equipment (26,024) (3,894)
Purchases of marketable securities (82,940) (28,175)
Proceeds from maturities of marketable securities 104,510 96,515
Net cash (used in) provided by investing activities (4,454) 64,446
Financing activities    
Reimbursement of tenant improvements for financing lease obligation 13,831  
Proceeds from issuance of common stock 3,040 639
Net cash provided by financing activities 16,871 639
(Decrease) increase in cash and cash equivalents (62,886) 28,319
Cash and cash equivalents at beginning of period 278,887 164,269
Cash and cash equivalents at end of period 216,001 192,588
Non-cash investing and financing activities:    
Assets acquired under financing lease obligation 1,269 12,513
Purchases of property and equipment included in accounts payable and accrued expenses 5,971 $ 1,086
Tenant improvements under financing lease included in tenant improvements receivable $ 12,687