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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income (loss) $ 79,635 $ (29,867)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 765 643
Stock-based compensation 2,593 1,914
Non-cash interest expense 462 893
Deferred rent (105) (73)
Loss on disposal of property and equipment   1
Remeasurement of warrants to purchase convertible preferred stock   (713)
Amortization of premium on investments 1,633 22
Changes in operating assets and liabilities:    
Accounts receivable (28,379) 280
Prepaid expenses and other current assets (4,441) (4,637)
Other noncurrent assets 226 1,320
Restricted cash (98)  
Accounts payable 3,691 3,477
Accrued expenses 156 316
Deferred revenue (10,641) (2,508)
Net cash provided by (used in) operating activities 45,497 (28,932)
Investing activities    
Purchases of property and equipment (1,241) (408)
Purchases of marketable securities (200,749) (77,021)
Proceeds from maturities and sales of marketable securities 77,836 6,000
Net cash used in investing activities (124,154) (71,429)
Financing activities    
Proceeds from issuance of common stock, net of issuance costs 112,165 80,309
Proceeds from exercise of stock options and issuance of common stock 1,714 502
Proceeds from refinancing of loans payable   7,555
Principal payments on loans payable   (3,278)
Net cash provided by financing activities 113,879 85,088
Net increase (decrease) in cash and cash equivalents 35,222 (15,273)
Cash and cash equivalents at beginning of period 45,791 45,290
Cash and cash equivalents at end of period 81,013 30,017
Supplemental cash flow and noncash investing and financing    
Issuance of warrants in conjunction with loan   780
Cash paid for interest 1,504 914
Cash paid for income taxes