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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net loss $ (466,555) $ (314,061)
Adjustments to reconcile net loss to net cash used in operating activities:    
Acquired in-process research and development   7,000
Depreciation and amortization expense 7,139 7,092
Stock-based compensation expense 79,295 66,925
Non-cash interest expense 10,477 8,588
Gain on sale of business (17,627)  
Changes in operating assets and liabilities:    
Accounts receivable 6,063 (21,484)
Inventories (54,647) (35,827)
Other assets 3,629 (12,415)
Accounts payable 23,921 692
Accrued expenses 12,178 49,375
Deferred revenues 146 (70)
Other liabilities 2,187 1,000
Net cash used in operating activities (393,794) (243,185)
Investing activities    
Acquisition of product candidates, technology licenses and milestone payments   (42,000)
Proceeds from sale of business 35,000  
Purchase of property and equipment (3,757) (4,926)
Net cash provided by (used in) investing activities 31,243 (46,926)
Financing activities    
Proceeds from term loan, net of issuance costs 196,000  
Proceeds from sale of common stock, net of issuance costs   (8)
Proceeds from exercise of stock options and Employee Stock Purchase Plan 8,734 25,849
Net cash provided by financing activities 204,734 25,841
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,409) 498
Decrease in cash, cash equivalents, and restricted cash (160,226) (263,772)
Cash, cash equivalents, and restricted cash at beginning of period 645,954 787,866
Cash, cash equivalents, and restricted cash at end of period 485,728 524,094
Non-cash investing and financing activities    
Stock option exercise proceeds receivable as of period end   71
Leasehold improvement assets funded by lessor   585
Purchase of property and equipment - cash not paid as of period end   328
Supplemental disclosure of cash flow information    
Cash paid for interest 33,099 6,038
Income taxes paid $ 921 $ 468