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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net loss $ (57,457) $ (61,816)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 1,942 1,589
Stock-based compensation 6,531 9,453
Amortization of premium on investments, net 271 525
Other 206 338
Change in operating assets and liabilities:    
Contracts and other receivables 1,124 9,735
Prepaid materials (360) (1,329)
Prepaid expenses and other assets 2,405 (634)
Accounts payable (579) 3,007
Accrued liabilities (652) (1,187)
Accrued compensation (631) (102)
Deferred revenue (54) (1,176)
Deferred rent and other liabilities (418) (178)
Net cash used in operating activities (47,672) (41,775)
Investing activities    
Purchases of short-term investments (48,539) (60,716)
Sales and maturities of short-term investments 58,310 81,437
Purchases of property and equipment (217) (746)
Acquisition of intangibles (16) (48)
Net cash provided by investing activities 9,538 19,927
Financing activities    
Proceeds from borrowing under term loan, net 0 19,768
Proceeds from issuance of common stock, net 43,411 641
Proceeds from exercise of common stock options 4 309
Principal payments on other long-term obligations 0 (124)
Net cash provided by financing activities 43,415 20,594
Net increase (decrease) in cash and cash equivalents 5,281 (1,254)
Cash and cash equivalents at beginning of period 14,941 15,960
Cash and cash equivalents at end of period 20,222 14,706
Supplemental disclosure of cash flow information    
Net changes in restricted cash 0 (1,176)
Interest paid (1,444) (518)
Income taxes paid (1) (1)
Supplemental disclosure of non-cash investing and financing activities    
Allowance for tenant improvements 0 6,653
Amounts accrued for property and equipment 0 14
Amounts accrued for patent expenditures $ 0 $ 5