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Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net loss $ (25,349) $ (15,073)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 768 621
Amortization of premium on marketable securities 642  
Stock-based compensation 3,386 1,110
Abandonment of capitalized intangible assets 280 496
Gain on disposal of assets (9) (1)
Gain on sale of marketable securities available-for-sale (4)  
Changes in operating assets and liabilities:    
Accounts receivable 2,558 40
Interest receivable (659)  
Prepaid expenses and other assets (715) (62)
Accounts payable 3,417 (536)
Accrued expenses 1,608 372
Deferred rent 595  
Deferred revenue 43,993 (2,454)
Net cash provided by (used in) operating activities 30,511 (15,487)
Cash flows from investing activities    
Purchase of marketable securities (168,489)  
Purchase of intangible assets (1,220) (1,137)
Purchase of property and equipment (1,724) (560)
Proceeds from sale of marketable securities available-for-sale 28,008  
Proceeds from sale of property and equipment 9 1
Net cash used in investing activities (143,416) (1,696)
Cash flows from financing activities    
Proceeds from issuance of common stock 122,906  
Proceeds from issuance of common stock upon exercise of stock awards 543 8
Proceeds from issuance of common stock under the Employee Stock Purchase Plan 247 130
Common stock issuance cost (7,702)  
Payments on capital lease obligations   (7)
Net cash provided by financing activities 115,994 131
Net increase (decrease) in cash and cash equivalents 3,089 (17,052)
Cash and cash equivalents, beginning of period 54,649 77,975
Cash and cash equivalents, end of period 57,738 $ 60,923
Supplemental disclosures of non-cash investing activities    
Net unrealized loss on marketable securities available for sale $ 6