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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS USED IN OPERATING ACTIVITIES:    
Net loss $ (87,823) $ (108,278)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,616 1,785
Amortization of premium/discount on marketable securities, net 237 (246)
Amortization of debt discount and debt issuance costs 13,313 11,638
Impairment loss on operating lease right of use assets 1,510 339
Stock-based compensation 19,821 16,911
Loss on property and equipment disposals 0 201
Changes in operating assets and liabilities:    
Inventory (2,183) 1,299
Accounts receivable, net 2,114 (4,770)
Prepaid expenses 785 (1,359)
Other current assets (16,232) 344
Operating lease right of use assets 1,472 1,507
Other long-term assets 30 132
Accounts payable 9,737 382
Accrued expenses and other current liabilities 10,632 6,879
Lease liability, operating leases (1,629) (1,704)
Other non-current liabilities 0 (71)
Net cash used in operating activities (46,600) (75,011)
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES:    
Purchases of marketable securities (39,916) (36,589)
Sales and maturities of marketable securities 86,900 135,500
Net cash provided by investing activities 46,984 98,911
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:    
Proceeds from exercise of stock options and warrant exercises 0 3,869
Proceeds from issuance of term loan 10,000 0
Payment of debt issuance costs (61) 0
Proceeds from issuance of shares under employee stock purchase plan 1,621 1,840
Net cash provided by financing activities 11,560 5,709
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 11,944 29,609
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 70,453 59,881
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 82,397 89,490
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 9,658 9,150
Cash paid for amounts included in the measurement of operating lease liabilities 1,932 2,068
Right of use assets obtained in exchange for operating lease liability $ 1,110 $ 8,289