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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net loss $ (65,087) $ (65,319)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 900 1,083
Share-based compensation 13,998 10,269
Other (890) 53
Changes in operating assets and liabilities:    
Accounts receivable 280 (587)
Receivables from collaborative arrangements 4,264 1,437
Other prepaid and current assets (1,578) (1,237)
Inventories (371) 140
Tax receivable 5,092  
Other assets   266
Accounts payable (449) 2,004
Accrued personnel-related expenses, accrued clinical and development expenses, and other accrued liabilities (5,076) (3,214)
Deferred rent 2,104 (292)
Deferred revenue 95,371 17
Other long-term liabilities 1,267 5,354
Net cash provided by (used in) operating activities 49,825 (50,026)
Investing activities    
Purchases of property and equipment (2,771) (587)
Purchases of marketable securities (54,839) (159,217)
Maturities of marketable securities 46,299 36,282
Proceeds from the sales of fixed assets 17  
Net cash (used in) investing activities (11,294) (123,522)
Financing activities    
Proceeds from option exercises 35 2,816
Repurchase of shares to satisfy tax withholding (1,715) (4,032)
Net cash (used in) financing activities (1,680) (1,216)
Net increase (decrease) in cash, cash equivalents, and restricted cash 36,851 (174,764)
Cash, cash equivalents, and restricted cash at beginning of period 89,813 345,542
Cash, cash equivalents, and restricted cash at end of period 126,664 $ 170,778
Supplemental disclosure of cash flow information    
Cash received for income taxes, net $ 4,473