XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net loss $ (32,651) $ (35,483)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,011 2,964
Unrealized translation gains on obligation related to royalty (51) (205)
Non-cash stock-based compensation 6,397 2,457
Non-cash interest expense 0 (7)
Amortization of discounts on marketable securities (1,276) 150
Changes in operating assets and liabilities:    
Accounts receivable 234 2,224
Inventory (5,040) 559
Prepaid expenses and other current assets 1,122 (1,496)
Deferred tax assets (1,235) 0
Other assets (1,129) 255
Accounts payable 3,413 823
Accrued compensation 701 51
Accrued expenses and other liabilities 2,939 2,482
Deferred rent 3,068 866
Deferred revenue 358 760
Net cash used in operating activities (18,139) (23,600)
INVESTING ACTIVITIES:    
Purchase of marketable securities (418,841) (44,070)
Maturity of marketable securities 129,160 75,625
Business acquisitions, net of cash acquired (9,765) 0
Purchase of property and equipment (5,752) (11,360)
Net cash (used in) provided by investing activities (305,198) 20,195
FINANCING ACTIVITIES:    
Payments made on royalty obligations (151) 0
Payments made on capital lease obligations (62) (399)
Proceeds from issuance of common stock upon exercise of stock options 5,530 1,734
Proceeds from issuance of common stock upon the exercise of warrants 0 6
Repurchase of common stock 0 (172)
Proceeds from issuances of common stock under employee stock purchase plan 1,933 0
Proceeds from follow-on offering, net of underwriting discounts and commissions 350,432 0
Payment of offering costs related to initial public offering and follow-on offering (326) (168)
Net proceeds from issuance of equity interests in redeemable noncontrolling interest 0 41,000
Net cash provided by financing activities 357,356 42,001
Net effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 90 0
Net increase in cash, cash equivalents and restricted cash 34,109 38,596
Cash, cash equivalents and restricted cash - Beginning of period 140,544 72,596
Cash, cash equivalents and restricted cash - End of period 174,653 111,192
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 580 51
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 3,874 4,986
Deferred offering costs included in accounts payable and accrued expenses 485 1,794
Initial fair value of contingent consideration at acquisition date $ 1,135 $ 0