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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net loss $ (52,764,000) $ (31,000,000)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation 927,000 269,000
Stock-based compensation expense 4,741,000 3,260,000
Amortization of premium (discount) on marketable securities 259,000 345,000
Loss on disposal of fixed assets   2,278,000
Amortization of convertible debt discount and debt issuance costs 1,190,000 18,000
Premium paid on securities purchased (580,000) (22,000)
Changes in operating assets and liabilities:    
Accounts receivable   (6,000)
Prepaid expenses, other current and long-term assets 1,456,000 (353,000)
Accounts payable 736,000 412,000
Accrued expenses and other current and long-term liabilities 1,796,000 (517,000)
Net cash used in operating activities (42,239,000) (25,316,000)
Cash flows from investing activities    
Purchases of property and equipment (1,682,000) (7,678,000)
Change in restricted cash (120,000)  
Purchases of marketable securities (118,320,000) (10,804,000)
Sale and redemption of marketable securities 135,363,000 21,997,000
Net cash provided by investing activities 15,241,000 3,515,000
Cash flows from financing activities    
Proceeds from the issuance of 2024 convertible notes 201,250,000  
Payment of debt issuance costs (6,470,000) (42,000)
Proceeds from the offering of common stock   77,644,000
Payments on notes payable (3,333,000)  
Payments of public offering costs (95,000) (31,000)
Proceeds from the exercise of stock options 1,457,000 56,000
Proceeds from Employee Stock Purchase Plan 453,000 240,000
Net cash provided by financing activities 193,262,000 77,867,000
Net increase in cash and cash equivalents 166,264,000 56,066,000
Cash and cash equivalents at beginning of period 30,915,000 62,944,000
Cash and cash equivalents at end of period 197,179,000 119,010,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 921,000 477,000
Supplemental disclosures of non-cash financing activities:    
Purchases of property and equipment in accounts payable and accrued expenses $ 66,000 $ 154,000