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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net loss $ (232,569) $ (145,105) $ (99,059)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation 2,442 1,410 970
Amortization of debt issuance costs and fees 1,577 306 303
Amortization and accretion of premium or discount on investments, net 69 9 525
Acquisition of assets expensed to research and development 0 24,802 0
Stock-based compensation 38,728 26,078 16,794
Induced conversion of convertible notes 24,059 0 0
Unrealized foreign exchange (gain) loss (270) 601 0
Changes in operating assets and liabilities      
Accounts receivable, net (2,715) 0 0
Inventory (9,689) 0 0
Prepaid, current and other assets (791) (2,239) (1,852)
Accounts payable, accrued expenses and other current liabilities 26,583 925 2,479
Net cash used in operating activities (152,576) (93,213) (79,840)
Cash flows from investing activities      
Acquisition of assets from Envisia 0 (10,500) 0
Purchase of available-for-sale investments (56,195) (104,490) (35,169)
Proceeds from sales and maturities of investments 108,297 88,153 58,346
Purchase of property, plant and equipment (31,313) (15,970) (5,077)
Net cash provided by (used in) investing activities 20,789 (42,807) 18,100
Cash flows from financing activities      
Proceeds from sale of common stock, net 135,972 134,215 167,383
Proceeds related to issuance of stock for stock-based compensation arrangements, net 3,630 1,429 1,242
Payments of debt issuance costs (1,883) 0 0
Other financing (683) 0 0
Net cash provided by financing activities 137,036 135,644 168,625
Net change in cash and cash equivalents 5,249 (376) 106,885
Cash and cash equivalents, at beginning of period 197,569 197,945 91,060
Cash and cash equivalents, at end of period 202,818 197,569 197,945
Supplemental disclosures      
Cash paid for interest 1,774 2,188 2,192
Cash paid for income taxes 0 0 1,790
Non-cash investing and financing activities:      
Conversion of convertible notes to common stock (Note 9) 148,078 0 0
Purchases of property, plant and equipment 3,526 4,176 482
Acquisition of capital lease obligation 0 689 0
Deferred costs from the sale of common stock 0 403 70
Build-to-suit lease transaction (Note 7)
Envisia Therapeutics Inc.      
Non-cash investing and financing activities:      
Equity issued for Envisia Asset Acquisition $ 0 $ 14,302 $ 0