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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net loss $ (58,464) $ (83,400)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 8,947 10,965
Depreciation and amortization 639 270
Amortization of premiums and discounts on available-for-sale securities 214 80
Amortization of debt issuance costs 317 307
Change in fair value of contingent purchase consideration 0 1,049
Loss on disposal of property and equipment 0 169
Deferred income taxes (60) (4,145)
Changes in operating assets and liabilities:    
Accounts receivable (2,257) 0
Inventory (6,504) 0
Prepaid and accrued research and development expenses (10,047) (7,601)
Other operating assets (17,014) (130)
Accounts payable 13,780 2,682
Other accrued expenses (9,990) (3,984)
Net cash used in operating activities (80,439) (83,738)
Investing activities    
Purchases of property and equipment (53) (604)
Deposits for purchases of property and equipment (2,515) 0
Purchases of available-for-sale securities (133,000) 0
Maturities of available-for-sale securities 50,000 25,000
Acquired in-process research and development - milestone payment (1,100) 0
Net cash (used in) provided by investing activities (86,668) 24,396
Financing activities    
Proceeds from the sale of common stock, net of issuance costs 221,224 0
Proceeds from the exercise of stock options 5,674 705
Net cash provided by financing activities 226,898 705
Effect of exchange rate changes on cash and cash equivalents 72 254
Increase (decrease) in cash and cash equivalents 59,863 (58,383)
Cash and cash equivalents at beginning of period 216,186 278,756
Cash and cash equivalents at end of period 276,049 220,373
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,594 3,594
Non-cash investing and financing activities:    
Vesting of restricted stock units $ 2,534 $ 0