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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (60,461) $ (43,101)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,107 3,337
Stock-based compensation 45,736 38,801
Amortization of acquired intangibles 1,056 1,056
Loss on disposals 267 0
Amortization of premiums/accretion of discounts on short-term investments 144 398
Excess tax deficiencies (benefits) from share-based compensation 29 (60)
Other (265) 0
Changes in operating assets and liabilities:    
Accounts receivable, net 15,349 5,960
Inventory 40 (683)
Prepaid expenses and other assets 549 (1,760)
Accounts payable (2,089) (964)
Accrued compensation and benefits (2,360) 571
Accrued and other liabilities 515 1,187
Severance pay (net) 315 356
Deferred revenue 9,893 10,116
Deferred tax assets (183) (26)
Net cash provided by operating activities 13,642 15,188
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales/maturities of short-term investments 54,916 20,721
Purchase of short-term investments (107,403) (75,399)
Net purchases of property and equipment (13,953) (4,038)
Change in restricted cash 10 (12)
Net cash used in investing activities (66,430) (58,728)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Settlement of holdback liability (7,157) 0
Proceeds from follow-on public offering, net of offering costs 0 127,853
Offering costs relating to follow-on public offering (112) 0
Proceeds from issuance of common stock, net of repurchases 8,106 12,668
Shares withheld for tax withholding on vesting of restricted stock units (6,520) (7,221)
Excess tax (deficiencies) benefits from share-based compensation (29) 60
Net cash (used in) provided by financing activities (5,712) 133,360
Effect of exchange rate changes on cash and cash equivalents 265 33
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (58,235) 89,853
CASH AND CASH EQUIVALENTS - Beginning of period 168,252 [1] 68,096
CASH AND CASH EQUIVALENTS - End of period 110,017 157,949
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment incurred but not yet paid 295 132
Vesting of restricted and early exercised stock options $ 0 $ 767
[1] The Condensed Consolidated Balance Sheet as of December 31, 2015 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.