XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (94,187) $ (45,589)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 921 221
Stock-based compensation expense 15,099 10,130
Change in fair value of contingent consideration 866  
Changes in operating assets and liabilities:    
Accounts receivable (552)  
Inventory (1,044)  
Prepaid expenses and other assets (3,461) (4,331)
Accounts payable 5,932 3,130
Accrued expenses 2,863 (14)
Net cash used in operating activities (73,563) (36,453)
Cash flows from investing activities:    
Purchases of property and equipment (1,210) (658)
Acquisition of Confluence, net of cash acquired   (9,647)
Purchases of marketable securities (112,344) (120,496)
Proceeds from sales and maturities of marketable securities 193,427 96,674
Net cash provided by (used in) investing activities 79,873 (34,127)
Cash flows from financing activities:    
Capital lease payments (499)  
Proceeds from the exercise of employee stock options 577 235
Net cash provided by financing activities 78 100,464
Net increase in cash and cash equivalents 6,388 29,884
Cash and cash equivalents at beginning of period 20,202 30,171
Cash and cash equivalents at end of period 26,590 60,055
Supplemental disclosures of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable 102 20
Fair value of stock issued in connection with Confluence acquisition   9,675
Property and equipment obtained pursuant to capital lease financing arrangements 2,076  
Offering costs included in accounts payable $ 20 107
At The Market Offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs   19,311
Public Offering August 2017    
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs   $ 80,918