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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss $ (123,336) $ (137,393)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,944 2,292
Share-based compensation 31,129 42,539
Inventory write-down 119 79
Excess tax benefits from share-based compensation 0 (206)
Non-cash revenue from collaboration arrangements 0 (8,000)
Changes in operating assets and liabilities:    
Accounts receivable 1,049 (494)
Receivables from collaborative arrangements 12,519 (17,800)
Prepaid taxes 9,596 (3,118)
Other prepaid and current assets 796 (503)
Inventories (1,838) 118
Other assets (3,705) (415)
Accounts payable (12,838) (3,489)
Accrued personnel-related expenses, accrued clinical and development expenses, and other accrued liabilities 8,190 (9,927)
Deferred rent (439) (404)
Income taxes payable 0 1,305
Deferred revenue 482 222
Other long-term liabilities 5,456 83
Net cash used in operating activities (70,876) (135,111)
Investing activities    
Purchases of property, equipment, and capitalized software (1,735) (2,041)
Purchases of marketable securities (168,559) (11,059)
Maturities of marketable securities 68,264 158,642
Net cash (used in) provided by investing activities (102,030) 145,542
Financing activities    
Net proceeds from sale of ordinary shares 145,241 27,262
Proceeds from ESPP purchases 1,944 0
Proceeds from option exercise 2,436 0
Excess tax benefits from share-based compensation 0 206
Repurchase of shares to satisfy tax withholding (2,850) 0
Net cash provided by financing activities 146,771 27,468
Net (decrease) increase in cash and cash equivalents (26,135) 37,899
Cash and cash equivalents at beginning of period 112,707 89,215
Cash and cash equivalents at end of period 86,572 127,114
Supplemental disclosure of cash flow information    
Cash (received) paid for income taxes, net $ (9,488) $ 10,392