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Condensed Consolidated Statement of Cash Flows (unaudited) (USD $)
In Thousands
9 Months Ended111 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash Flows from Operating Activities:   
Net loss$ (12,996)$ (11,905)$ (77,200)
Adjustments to reconcile net loss to net cash used in operating activities:   
Depreciation1881391,098
Amortization362371
Accretion of discount on investment securities0(2)(461)
Stock-based compensation1,6831,45311,318
Non-cash interest expense9160182
Non-cash interest income(12)0(12)
Gain on derivative instruments(563)0(563)
(Increase) decrease in prepaid expenses and other current assets(505)464(1,327)
Increase (decrease) in accounts payable, accrued expenses and deferred rent2895553,851
Loss on disposal of fixed assets0023
Net cash used in operating activities(11,789)(9,213)(63,020)
Cash Flows from Investing Activities:   
Cash paid for property and equipment(183)(48)(1,446)
Purchases of investments0(5,448)(39,489)
Proceeds from maturities of investments01,90038,301
Net cash used in investing activities(183)(3,596)(2,634)
Cash Flows from Financing Activities:   
Proceeds from issuance of stock, net of financing costs18,451(106)80,898
Proceeds from warrant and stock option exercises00898
Principal payments on capital lease obligations00(331)
Proceeds from issuance of debt, net of issue costs(2)9,8399,837
Principal payments on debt obligations(2,389)0(2,389)
Net cash provided by financing activities16,0609,73388,913
Net increase (decrease) in cash and cash equivalents4,088(3,076)23,259
Cash and cash equivalents - beginning of period19,17123,9740
Cash and cash equivalents - end of period23,25920,89823,259
Cash Paid for Interest8415281,730
Non-Cash Investing Activities:   
Capital expenditures acquired on account044015
Non-Cash Financing Activities:   
Accrued financing costs00167
Series D warrant issuance$ 4,513$ 0$ 4,513