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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net loss $ (139,611) $ (115,118)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration 463 1,001
Depreciation and amortization 6,281 4,747
Stock-based compensation expense 24,971 20,926
Other non-cash items 2,334 1,563
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (9,594) (1,722)
Accounts payable 2,003 (3,132)
Accrued expenses and other liabilities (8,509) 2,497
Deferred revenue (7,682) 7,669
Deferred rent 507 469
Net cash used in operating activities (128,837) (81,100)
Investing activities    
Purchase of property and equipment (39,509) (6,057)
Purchases of marketable securities (116,740) (80,845)
Proceeds from maturities of marketable securities 210,810 226,825
Restricted cash   209
Net cash provided by investing activities 54,561 140,132
Financing activities    
Proceeds from public offering of common stock, net of issuance costs 436,805  
Cash paid for contingent purchase price consideration   (2,025)
Reimbursement of tenant improvements for financing lease obligation 36,399  
Payments on financing lease obligation (120)  
Proceeds from issuance of common stock 8,639 1,353
Net cash provided by (used in) financing activities 481,723 (672)
Increase in cash and cash equivalents 407,447 58,360
Cash and cash equivalents at beginning of period 278,887 164,269
Cash and cash equivalents at end of period 686,334 222,629
Non-cash investing and financing activities:    
Assets acquired under financing lease obligation 2,297 24,725
Purchases of property and equipment included in accounts payable and accrued expenses 1,194 $ 909
Offering expenses included in accounts payable and accrued expenses 191  
Tenant improvements under financing lease included in tenant improvements receivable $ 3,635