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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (103,122) $ (101,549)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,808 2,424
Stock-based compensation expense 7,223 8,659
Amortization of debt discount 770 256
Deferred rent expense   329
Loss (gain) on disposal of assets and impairment charges 224 (62)
Research and development license fees settled with convertible bond and stock   31,545
Deferred income taxes 486 (316)
Changes in operating assets and liabilities:    
Receivables, net (4,217) 1,397
Prepaid expenses and other assets (17,086) (6,290)
Inventories 336 (8,670)
Accounts payable and accrued expenses 38,458 (3,038)
Net cash used in operating activities (74,120) (75,315)
Cash flows from investing activities:    
Purchase of property and equipment (8,513) (2,501)
Payments for licenses (4,175)  
Purchases of short-term investments (57,014) (110,605)
Sales and maturities of short-term investments 72,290 31,981
Net cash provided by (used in) investing activities 2,588 (81,125)
Cash flows from financing activities:    
Proceeds from sale of stock 100,373 122,666
Proceeds from issuance of debt 6,464 50,000
Costs incurred related to the sale of stock (54) (5,118)
Costs incurred related to the issuance of debt   (1,593)
Proceeds from exercise of stock options 1,404 2,960
Repayment of finance lease obligations and long-term debt (136) (551)
Net cash provided by financing activities 108,051 168,364
Net increase in cash, cash equivalents, and restricted cash 36,519 11,924
Cash, cash equivalents, and restricted cash, beginning of period 49,794 39,284
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 592 (100)
Cash, cash equivalents, and restricted cash, end of period (See Note 3) 86,905 51,108
Supplemental cash flow disclosures    
Interest paid 4,415 952
Non-cash investing and financing activities:    
Accrued purchases of property and equipment 1,106 445
Cost of equity raise in accounts payable and accrued expenses   400
Common stock issued in lieu of licensing cash payment   $ 31,545
Right-of-use assets recognized in exchange for new operating lease obligations $ 583