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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (68,203) $ (128,632)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,518 8,831
Amortization of acquired intangible asset 4,278  
Share-based compensation expense 21,836 18,969
Change in fair value of note hedge warrants 44,793 (7,873)
Change in fair value of convertible note hedges (50,836) 19,421
Write-down of inventory to net realizable value and loss on non-cancellable purchase commitments   17,638
Loss on facility subleases 3,480  
Accretion of discount/premium on investment securities 561 722
Non-cash interest expense 10,981 4,599
Non-cash change in fair value of contingent consideration 8,667  
Changes in assets and liabilities:    
Accounts receivable and related party accounts receivable 803 (11,132)
Restricted cash 500 (600)
Prepaid expenses and other current assets (2,923) 2,722
Other assets 1,670 (181)
Accounts payable, related party accounts payable and accrued expenses 16,301 (2,946)
Accrued research and development costs 3,797 (939)
Deferred revenue (4,862) (5,393)
Deferred rent (5,108) (2,774)
Net cash used in operating activities (6,747) (87,568)
Cash flows from investing activities:    
Purchases of available-for-sale securities (163,229) (252,865)
Sales and maturities of available-for-sale securities 203,986 212,018
Purchases of property and equipment (3,008) (3,256)
Payment for acquisition of lesinurad license (100,000)  
Proceeds from sale of property and equipment 1 37
Net cash used in investing activities (62,250) (44,066)
Cash flows from financing activities:    
Proceeds from issuance of convertible senior notes   335,699
Costs associated with issuance of 2026 notes (200)  
Proceeds from issuance of note hedge warrants   70,849
Purchase of convertible note hedges   (91,915)
Costs associated with issuance of convertible senior notes   (11,682)
Proceeds from exercise of stock options and employee stock purchase plan 10,553 11,874
Payments on capital leases (1,243) (964)
Principal payments on PhaRMA notes (18,463) (8,447)
Net cash (used in) provided by financing activities (9,353) 305,414
Net (decrease) increase in cash and cash equivalents (78,350) 173,780
Cash and cash equivalents, beginning of period 261,287 74,297
Cash and cash equivalents, end of period 182,937 $ 248,077
Non-cash investing activities:    
Contingent consideration $ 96,260