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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net loss $ (86,592) $ (69,737)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 916 702
Amortization of deferred financing costs and debt discount 230 227
Amortization and accretion of premium or discount on available-for-sale investments, net 52 403
Stock-based compensation 18,072 11,514
Unrealized foreign exchange loss 522 0
Changes in operating assets and liabilities    
Prepaid, current and other assets 1,718 (916)
Accounts payable and other current liabilities (1,981) (3,187)
Net cash used in operating activities (67,063) (60,994)
Cash flows from investing activities    
Purchase of available-for-sale investments (101,217) (19,948)
Proceeds from sales and maturities of investments 48,696 35,355
Purchase of property, plant and equipment (7,073) (1,392)
Net cash (used in) provided by investing activities (59,594) 14,015
Cash flows from financing activities    
Proceeds from sale of common stock, net 122,046 167,387
Proceeds related to issuance of stock for stock-based compensation arrangements, net 744 470
Net cash provided by financing activities 122,790 167,857
Net change in cash and cash equivalents (3,867) 120,878
Beginning of period 197,945 91,060
End of period 194,078 211,938
Supplemental disclosures    
Income taxes paid 0 1,790
Interest paid 1,636 1,641
Non-cash investing and financing activities    
Build-to-suit lease transaction