XML 54 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net loss $ (387,472) $ (251,408) $ (171,012)
Adjustments to reconcile net loss to net cash used in operating activities:      
Acquired in-process research and development 18,940 2,000 24,900
Depreciation and amortization expense 3,113 1,037 349
Stock-based compensation expense 48,455 25,914 11,683
Non-cash interest expense 10,450 9,360 2,249
Loss on disposal of property and equipment     80
Changes in operating assets and liabilities:      
Accounts receivable (4,664) (679)  
Inventories (13,594) (1,106)  
Other assets (7,685) (2,128) 2,327
Accounts payable (2,835) 1,924 4,220
Accrued expenses 31,897 19,646 6,209
Deferred revenues 14,501 788  
Other liabilities 1,223 121 1,510
Net cash used in operating activities (287,671) (194,531) (117,485)
Investing activities      
Acquisition of product candidate and technology licenses and milestone payments (18,940) (17,000) (24,900)
Purchase of property and equipment (2,895) (2,305) (1,011)
Change in restricted cash (1,489) (500)  
Net cash used in investing activities (23,324) (19,805) (25,911)
Financing activities      
Proceeds from issuance of convertible notes, net of issuance costs     194,698
Purchase of capped call options     (20,829)
Proceeds from sales of common stock, net of issuance costs 838,099 179,753 94,199
Proceeds from exercise of stock options 26,556 7,239 1,663
Proceeds from issuance of common stock under Employee Stock Purchase Plan 2,229 830 249
Payment of minimum tax withholdings on share-based awards   (201) (33)
Net cash provided by financing activities 866,884 187,621 269,947
Increase in cash and cash equivalents 555,731 (26,715) 126,551
Cash and cash equivalents at beginning of period 230,146 256,861 130,310
Cash and cash equivalents at end of period 785,877 230,146 $ 256,861
Non-cash investing and financing activities      
Purchase of property and equipment - cash not paid as of period end 230 238  
Effect of Exchange Rate on Cash and Cash Equivalents (158)    
Stock option exercise proceeds receivable as of period end 93 691  
Noncash or Part Noncash Acquisition, Fixed Assets Acquired 2,230    
Supplemental cash flow information      
Cash paid for interest $ 6,038 $ 6,071