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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net loss $ (90,767) $ (48,506)
Adjustments to reconcile net loss to net cash used in operating activities:    
Acquired in-process research and development 4,000  
Depreciation and amortization expense 733 99
Stock-based compensation expense 9,258 3,920
Non-cash interest expense 2,472 2,200
Changes in operating assets and liabilities:    
Accounts receivable (377)  
Inventories (4,886)  
Other assets (282) (352)
Accounts payable 4,293 (464)
Accrued expenses 3,725 1,277
Deferred revenues 2,737  
Other liabilities 1,478 1,526
Net cash used in operating activities (67,616) (40,300)
Investing activities    
Acquisition of product candidate and technology licenses and milestone payments (4,000)  
Purchase of property and equipment (380) (172)
Net cash used in investing activities (4,380) (172)
Financing activities    
Proceeds from sale of common stock, net of issuance costs 154,972 179,950
Proceeds from exercise of stock options 1,338 2,807
Net cash provided by financing activities 156,310 182,757
Increase in cash and cash equivalents 84,314 142,285
Cash and cash equivalents at beginning of period 230,146 256,861
Cash and cash equivalents at end of period 314,460 399,146
Non-cash investing and financing activities    
Common stock issuance costs - cash not paid as of period end   $ 204
Stock option exercise proceeds receivable as of period end $ 82