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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revised Statement of Cash Flow    
Net loss $ (136,725) $ (90,980)
Adjustments to reconcile net loss to net cash used in operating activities:    
Acquired in-process research and development   4,000
Depreciation and amortization expense 954 733
Stock-based compensation expense 18,401 9,461
Non-cash interest expense 2,757 2,472
Changes in operating assets and liabilities:    
Accounts receivable 134 2,561
Inventories (179) (4,886)
Other assets (3,462) (656)
Accounts payable 5,119 4,293
Accrued expenses (1,847) 3,923
Deferred revenues (22) (15)
Other liabilities 172 1,478
Net cash used in operating activities (114,698) (67,616)
Investing activities    
Acquisition of product candidate and technology licenses and milestone payments   (4,000)
Purchase of property and equipment (1,790) (380)
Change in restricted cash (510)  
Net cash used in investing activities (2,300) (4,380)
Financing activities    
Proceeds from sales of common stock, net of issuance costs   154,972
Payments for stock issuance costs (8)  
Proceeds from exercise of stock options 3,323 1,338
Net cash provided by financing activities 3,315 156,310
Effect of exchange rate changes on cash and cash equivalents 45  
Increase (decrease) in cash and cash equivalents (113,638) 84,314
Cash and cash equivalents at beginning of period 785,877 230,146
Cash and cash equivalents at end of period 672,239 314,460
Non-cash investing and financing activities    
Stock option exercise proceeds receivable as of period end 103 $ 82
Leasehold improvement assets funded by lessor 585  
Purchase of property and equipment - cash not paid as of period end 301  
Supplemental cash flow information    
Cash paid for interest 3,019  
Milestone obligation not paid as of period end $ 24,790