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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net loss $ (62,957) $ (69,037)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,260 3,268
Amortization of intangible assets 417 443
Impairment of property and equipment 1,177  
Impairment of intangible assets 5,006  
Non-cash lease expense 664  
Accretion of discounts and amortization of premiums on marketable securities (1,371) (800)
Stock-based compensation 10,114 13,472
Loss from remeasurement of fair value of contingent consideration 25 570
(Gain) loss on disposal of property and equipment (4) 3
Deferred income tax (2,320) (99)
Changes in operating assets and liabilities:    
Payment of contingent consideration   (3,322)
Accounts receivable 11,815 989
Income tax receivable   (346)
Prepaid expenses and other assets 671 1,631
Accounts payable 409 (26)
Deferred revenue (11,468) (9,246)
Accrued clinical trial and manufacturing expenses 1,483 (2,076)
Accrued expenses and other liabilities (454) (3,090)
Operating lease liabilities 94  
Net cash used in operating activities (43,439) (67,666)
Cash Flows from Investing Activities    
Purchase of marketable securities (224,927) (179,277)
Proceeds from maturities of marketable securities 196,410 214,314
Purchase of property and equipment (1,183) (2,007)
Proceeds from sale of property and equipment   10
Net cash (used in) provided by investing activities (29,700) 33,040
Cash Flows from Financing Activities    
Payment of contingent consideration   (3,481)
Proceeds from employee stock purchase plan 164 366
Proceeds from exercise of stock options and warrants 532 1,328
Net cash provided by (used in) financing activities 696 (1,787)
Effect of exchange rate changes (262) (450)
Net decrease in cash, cash equivalents and restricted cash (72,705) (36,863)
Cash, cash equivalents and restricted cash at beginning of period 126,778 158,082
Cash, cash equivalents and restricted cash at end of period 54,073 121,219
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Purchase of property and equipment in accounts payable and accrued liabilities 31 363
Reconciliation of Cash, Cash Equivalents and Restricted Cash    
Cash and cash equivalents 53,605 120,751
Restricted cash 468 468
Cash, cash equivalents and restricted cash at end of period $ 54,073 $ 121,219