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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net loss $ (55,748) $ (56,680) $ (18,668)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization expense 1,591 1,490 1,360
Loss from valuation of convertible note payable 1,811 12,118 1,145
Stock-based compensation 15,368 7,039 3,422
Amortization of premium on investments, net 1,472 1,597 1,439
Loss on disposal of long-term assets 98 18 0
Change in operating assets and liabilities:      
Contracts and other receivables (9,746) (196) (79)
Prepaid expenses (3,967) (1,795) (1,890)
Other assets (176) (87) (393)
Accounts payable 529 940 860
Accrued liabilities 2,094 556 1,355
Accrued compensation 284 811 (51)
Deferred revenue (3,090) (5,039) (16,819)
Deferred rent and other liabilities (379) (282) (11)
Net cash used in operating activities (49,859) (39,510) (28,330)
Investing activities      
Purchases of short-term investments (78,401) (113,417) (72,005)
Sales and maturities of short-term investments 101,306 85,421 31,951
Purchases of property and equipment (1,363) (1,146) (800)
Acquisition of intangibles (67) (65) (35)
Net cash provided by (used in) investing activities 21,475 (29,207) (40,889)
Financing activities      
Proceeds from issuance of common stock, net 492 86,146 45,980
Proceeds from exercise of common stock options 6,680 2,233 594
Principal payments on other long-term obligations (155) (142) (100)
Net cash provided by financing activities 7,017 88,237 46,474
Net (decrease) increase in cash and cash equivalents (21,367) 19,520 (22,745)
Cash and cash equivalents at beginning of period 37,327 17,807 40,552
Cash and cash equivalents at end of period 15,960 37,327 17,807
Supplemental disclosure of cash flow information      
Net changes in restricted cash 1,256 0 0
Interest paid (27) (39) (37)
Income taxes paid (1) (1) (1)
Supplemental disclosure of non-cash investing and financing activities      
Allowance for tenant improvements 1,656 0 653
Amounts accrued for property and equipment 223 76 0
Amounts accrued for patent expenditures $ 28 $ 42 $ 11