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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (25,787) $ (22,704)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 291 223
Amortization of deferred financing costs and debt discount 76 75
Amortization and accretion of premium or discount on available-for-sale investments, net 52 147
Stock-based compensation 4,850 3,534
Changes in operating assets and liabilities    
Prepaid, current and other assets 1,427 503
Accounts payable and other current liabilities (5,733) (1,130)
Interest payable (30) (6)
Net cash used in operating activities (24,854) (19,358)
Cash flows from investing activities    
Purchase of available-for-sale investments (45,561) (13,265)
Maturity of available-for-sale investments 12,860 16,036
Purchase of property, plant and equipment (904) (335)
Net cash (used in) provided by investing activities (33,605) 2,436
Cash flows from financing activities    
Proceeds from exercise of stock options 551 4
Proceeds from exercise of stock purchase rights 148 252
Tax withholdings related to restricted stock awards (651) (128)
Net cash provided by financing activities 48 128
Net change in cash and cash equivalents (58,411) (16,794)
Beginning of period 197,945 91,060
End of period 139,534 74,266
Supplemental disclosures    
Income taxes paid 0 1,789
Interest paid 551 551
Amounts capitalized under build-to-suit lease transaction 4,204 0
Interest capitalized during construction period for build-to-suit lease transaction $ 46 $ 0