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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net loss $ (76,333) $ (84,979)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,060 311
Write-off of acquired IPR&D 38,313  
Stock-based compensation expense 16,139 13,349
Changes in assets and liabilities, net of acquisition    
Prepaid expenses and other assets (224) 3,940
Accounts payable (1,744) 142
Deferred revenue (1,371)  
Accrued liabilities (5,097) (8,805)
Income taxes payable   (247)
Upfront payment from collaboration partner   (40,000)
Net cash used in operating activities (29,257) (116,289)
Cash flows from investing activities    
Purchase of property and equipment (33) (745)
Leasehold improvements for build-to-suit asset   (3,558)
Cash paid to acquire IPR&D (2,076)  
Cash acquired in the merger transaction 5,277  
Net cash provided by (used in) investing activities 3,168 (4,303)
Cash flows from financing activities    
Inducement on build-to-suit lease obligation 1,896  
Proceeds from issuance of common stock 52 2,968
Net cash provided by financing activities 1,948 2,968
Net decrease in cash, cash equivalents and restricted cash (24,141) (117,624)
Cash, cash equivalents and restricted cash at beginning of period 83,529 201,153
Cash, cash equivalents and restricted cash at end of period 59,388 83,529
Supplemental disclosure of noncash items    
Build-to-suit lease transaction   $ 5,428
Issuance of common stock for the merger transaction $ 37,331