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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (35,979) $ (20,499)
Adjustment to reconcile net loss to net cash from operating activities    
Depreciation and amortization 1,471 76
Stock-based compensation 16,058 7,241
Non-cash interest expense on convertible notes   6,113
Deferred rent 668 36
Loss on disposal of assets   (1)
Gain on adjustment of contingent consideration (580)  
Changes in operating assets and liabilities    
Deferred revenue 54,078  
Prepaid expenses and other current assets (6,141) (557)
Other assets (9,098) (99)
Accounts payable 2,127 1,199
Accrued expenses and other current liabilities 1,711 (67)
Due to related party 78  
Net cash provided by (used in) operating activities 24,393 (6,558)
Cash flows from investing activities    
Purchases of marketable securities (48,526)  
Sales and maturities of marketable securities 76,572  
Amounts used to secure facilities (1,540)  
Purchase of property and equipment (9,456) (1,002)
Net cash paid related to acquisition of T-Cell Factory, B.V. (14,690)  
Net cash provided by (used in) investing activities 2,360 (1,002)
Cash flows from financing activities    
Principal payments on capital lease obligations (16)  
Initial public offering costs   (10,943)
Proceeds from issuance of common stock 26,664 146,625
Proceeds from exercise of stock options 694 2,918
Proceeds from issuance of convertible notes   50,000
Net cash provided by financing activities 27,341 188,600
Effect of exchange rate changes on cash (155)  
Net change in cash and cash equivalents 53,939 181,040
Cash and cash equivalents at beginning of period 209,298 22,357
Cash and cash equivalents at end of period 263,237 203,397
Supplemental schedule of cash flows information:    
Cash paid for interest 2  
Supplemental schedule of non-cash investing and financing activities:    
Conversion of convertible notes and accrued interest into equity   50,501
Discount from conversion of securities into equity   5,612
Conversion of convertible securities into equity   2,525
Employee stock purchase plan shares issued 361  
Accrued offering costs   $ 1,554
Tenant improvement allowance receivable 2,633  
Issuance of stock to purchase T-Cell Factory, B.V. $ 4,209