XML 20 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net loss $ (50,500) $ (61,850) $ (50,601)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 7,088 5,317 3,916
Net amortization/(accretion) of premiums/discounts on investments (142) (39) 89
Gain on sale of investment in preferred stock 0 0 (9)
Net amortization/(accretion) of premiums/discounts on investments 938 1,132 388
Stock-based compensation 11,697 12,170 9,236
Provision for Doubtful Accounts 23 14 13
Non-cash inventory adjustments 1,426 1,323 134
Other non-cash adjustments 15 (224) 145
Changes in operating assets and liabilities:      
Accounts receivable (878) (1,555) (2,250)
Inventories (2,414) (10,512) (3,450)
Prepaid expenses and other assets 854 (599) (613)
Accounts payable (1,389) 2,557 4,105
Accrued compensation 1,059 (263) 2,172
Other current and non-current liabilities (289) (893) 1,088
Net cash used in operating activities (32,512) (53,422) (35,637)
Investing activities:      
Payments for intellectual property licenses 0 (500) (1,500)
Purchases of property and equipment (2,575) (4,815) (7,000)
Purchases of marketable securities (29,778) (70,989) (33,688)
Proceeds from sales of marketable securities 0 13,896 8,015
Maturities of marketable securities 66,300 37,500 10,050
Net cash provided by (used in) investing activities 33,947 (24,908) (24,123)
Financing activities:      
Proceeds from issuance of common stock 1,061 87,267 30,920
Costs incurred in conjunction with public offering 0 (5,469) (1,143)
Principal repayment of borrowings 92 7,848 40
Proceeds from borrowings 7,098 15,000 10,000
Costs associated with debt issuance (20) (187) (90)
Proceeds from stock option exercises 22 287 712
Net cash provided by financing activities 8,069 89,050 40,359
Effect of exchange rate changes on cash 28 75 (25)
Net increase (decrease) in cash and cash equivalents 9,532 10,795 (19,426)
Cash and cash equivalents at beginning of year 27,512 16,717 36,143
Cash and cash equivalents at end of year 37,044 27,512 16,717
Non-cash investing and financing activities:      
Transfer of systems from property and equipment into inventory 1,689 4,885 263
Property and equipment costs incurred but not paid included in accounts payable 372 227 1,159
Supplemental cash flow information:      
Cash paid for interest 2,028 1,643 1,130
Cash paid for income taxes, net $ 165 $ 61 $ 65