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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net loss $ (71,905) $ (81,836) $ (55,748)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization expense 2,524 2,276 1,591
Loss from valuation of convertible note payable 0 0 1,811
Stock-based compensation 7,642 12,872 15,368
Amortization of premium on investments, net 349 666 1,472
Other 600 1,043 98
Change in operating assets and liabilities:      
Contracts and other receivables 1,284 8,364 (9,746)
Prepaid materials 394 (616) (3,460)
Prepaid expenses and other assets 2,369 (778) (683)
Accounts payable (65) 3,123 529
Accrued liabilities (492) (871) 2,094
Accrued compensation (333) (74) 284
Deferred revenue (72) (1,194) (3,090)
Deferred rent and other liabilities (1,068) 143 (379)
Net cash used in operating activities (58,773) (56,882) (49,859)
Investing activities      
Purchases of short-term investments (55,686) (65,110) (78,401)
Sales and maturities of short-term investments 69,941 101,387 101,306
Purchases of property and equipment (303) (913) (1,363)
Acquisition of intangibles (16) (53) (67)
Net cash provided by investing activities 13,936 35,311 21,475
Financing activities      
Proceeds from issuance of common stock, net 43,411 641 492
Proceeds from borrowing under term loan, net 0 19,768 0
Proceeds from exercise of common stock options 4 310 6,680
Principal payments on other long-term obligations 0 (167) (155)
Net cash provided by financing activities 43,415 20,552 7,017
Net decrease in cash and cash equivalents (1,422) (1,019) (21,367)
Cash and cash equivalents at beginning of period 14,941 15,960 37,327
Cash and cash equivalents at end of period 13,519 14,941 15,960
Supplemental disclosure of cash flow information      
Net changes in restricted cash 0 (1,256) 1,256
Interest paid (1,944) (981) (27)
Income taxes paid (1) (1) (1)
Supplemental disclosure of non-cash investing and financing activities      
Allowance for tenant improvements 0 6,653 1,656
Amounts accrued for property and equipment 11 292 223
Amounts accrued for patent expenditures $ 0 $ 0 $ 28