XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net loss $ (91,298) $ (64,339) $ (112,387)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation expense 2,678 2,639 1,295
Amortization of deferred financing costs 236 375 346
Amortization of deferred compensation for services 253 192 194
Amortization of premium on investment securities (1,136) 11 (86)
Stock-based compensation 9,226 9,590 5,317
Change in derivative liabilities 111    
Non-cash interest associated with debt discount accretion 303    
Changes in operating assets and liabilities:      
Accounts receivable 10,711 (10,796)  
Prepaid expenses and other assets 525 (2,148) 1,562
Accounts payable (2,730) (1,027) 2,148
Accrued compensation and benefits (506) 68 795
Accrued and other liabilities 1,353 245 8,282
Net cash used in operating activities (70,274) (65,190) (92,534)
Investing activities      
Proceeds from maturities of investments 138,600 133,701 7,600
Sales and redemptions of investments 850 17,957  
Purchases of investments (169,033) (84,013) (133,810)
Purchases of property and equipment (311) (2,355) (4,866)
Net cash (used in) provided by investing activities (29,894) 65,290 (131,076)
Financing activities      
Proceeds from loan payable, net of issuance costs 49,292    
Proceeds from issuance of common stock, net of issuance costs 53,770   190,573
Proceeds from issuance of common stock under stock plans 491 685 631
Net cash provided by financing activities 103,553 685 191,204
Net decrease in cash and cash equivalents 3,385 785 (32,406)
Cash and cash equivalents at beginning of period 75,383 74,598 107,004
Cash and cash equivalents at end of period 78,768 75,383 74,598
Supplementary disclosure of cash flow information:      
Income taxes paid 4 3  
Supplementary disclosure of non-cash financing information:      
Issuance of derivative in connection with issuance of loan payable 546    
Acquisition of property and equipment included in accounts payable and accrued liabilities   55 730
Services settled through the issuance of common stock $ 303 $ 201 $ 187