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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net loss $ (294,514) $ (278,409)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 32,201 29,744
Depreciation and amortization 1,911 819
Amortization of premiums and discounts on available-for-sale securities 6 190
Amortization of debt issuance costs 956 928
Legal settlement loss, net of insurance receivable 117,000  
Impairment of intangible asset   104,517
Change in fair value of contingent purchase consideration 0 (24,661)
Loss on disposal of property and equipment 0 105
Deferred income taxes (2,403) (33,320)
Changes in operating assets and liabilities:    
Accounts receivable 121 0
Inventory (5,345) 0
Prepaid and accrued research and development expenses (16,284) (14,877)
Deposit on inventory (31,818)  
Other operating assets (4,156) 2,358
Accounts payable 5,050 (322)
Other accrued expenses 1,949 923
Net cash used in operating activities (195,326) (212,005)
Investing activities    
Purchases of property and equipment (416) (761)
Deposits for purchases of property and equipment (2,515) 65
Purchases of available-for-sale securities (180,000) 0
Maturities of available-for-sale securities 213,500 175,000
Acquired in-process research and development - milestone payment (1,100) 0
Net cash provided by investing activities 29,469 174,304
Financing activities    
Proceeds from the sale of common stock, net of issuance costs 545,838 0
Proceeds from the exercise of stock options and employee stock purchases 14,419 2,602
Net cash provided by financing activities 560,257 2,602
Effect of exchange rate changes on cash and cash equivalents 886 67
Increase (decrease) in cash and cash equivalents 395,286 (35,032)
Cash and cash equivalents at beginning of period 216,186 278,756
Cash and cash equivalents at end of period 611,472 243,724
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,188 7,188
Non-cash investing and financing activities:    
Vesting of restricted stock units $ 9,449 $ 157