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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net loss $ (149,377) $ (109,063)
Adjustments to reconcile net loss to net cash used in operating activities:    
Acquired in-process research and development 8,000 1,000
Depreciation and amortization expense 1,479 227
Stock-based compensation expense 21,146 9,381
Non-cash interest expense 5,082 4,544
Changes in operating assets and liabilities:    
Accounts receivable 169  
Inventories (7,275)  
Other assets (2,296) (1,136)
Accounts payable 5,859 2,303
Accrued expenses 6,421 7,806
Deferred revenues 912  
Other liabilities (49) 33
Net cash used in operating activities (109,929) (84,905)
Investing activities    
Acquisition of product candidate and technology licenses and milestone payments (8,000)  
Purchase of property and equipment (590) (943)
Net cash used in investing activities (8,590) (943)
Financing activities    
Proceeds from sale of common stock, net of issuance costs 204,969 179,763
Proceeds from exercise of stock options 2,568 3,345
Proceeds from issuance of common stock under Employee Stock Purchase Plan 1,040 248
Net cash provided by financing activities 208,577 183,356
Increase in cash and cash equivalents 90,058 97,508
Cash and cash equivalents at beginning of period 230,146 256,861
Cash and cash equivalents at end of period 320,204 354,369
Non-cash investing and financing activities    
Purchase of property and equipment - cash not paid as of period end 139 456
Acquired in-process research and development - milestone not paid as of period end   1,000
Stock option exercise proceeds receivable as of period end 2,875  
Supplemental cash flow information    
Cash paid for interest $ 3,019 $ 3,052