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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net loss $ (236,455) $ (215,524) $ (285,405)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 6,441 4,481 3,801
Amortization and accretion income, net (3,451) (1,315) 226
Share-based compensation 60,450 51,313 49,145
Net gain from the sale of VIBATIV business   (6,056)  
Other-than-temporary impairment loss     8,000
Inventory write-down     740
Amortization of right-of-use assets 3,224    
Amounts due from TRC, LLC (23,152) (5,152)  
Other 146 (43) 10
Changes in operating assets and liabilities:      
Accounts receivable 620 1,633 (1,607)
Receivables from collaborative arrangements (11,943) (2,944) 1,967
Prepaid taxes     2,788
Other prepaid and current assets (634) (2,400) (1,489)
Inventories   (1,629) (7,301)
Tax receivable (3,700) 8,191 (7,890)
Other assets (358) 45 (354)
Accounts payable (4,274) 3,575 3,796
Accrued personnel-related expenses, accrued clinical and development expenses, and other accrued liabilities 10,626 (12,357) 8,332
Accrued interest payable 2,573 1,841 21
Deferred rent   4,308 (298)
Deferred revenue (31,245) 69,224 17
Operating lease liabilities (2,317)    
Other long-term liabilities (4,748) (10,058) 24,449
Net cash used in operating activities (238,197) (112,867) (201,052)
Investing activities      
Purchases of property and equipment (3,176) (7,240) (2,406)
Purchases of marketable securities (423,898) (183,261) (288,791)
Maturities of marketable securities 339,018 347,192 234,864
Proceeds from the sale of VIBATIV business, net 5,000 20,000  
Proceeds from the sale of fixed assets 5 17  
Net cash (used in) provided by investing activities (83,051) 176,708 (56,333)
Financing activities      
Proceeds from issuance of notes, net   229,441  
Principal payment on notes (2,152)    
Proceeds from ESPP purchases 3,474 4,173 3,980
Proceeds from option exercises 3,142 1,393 6,236
Repurchase of shares to satisfy tax withholding (3,173) (9,807) (8,560)
Net cash provided by financing activities 1,291 225,200 1,656
Net (decrease) increase in cash, cash equivalents, and restricted cash (319,957) 289,041 (255,729)
Cash, cash equivalents, and restricted cash at beginning of period 378,854 89,813 345,542
Cash, cash equivalents, and restricted cash at end of period 58,897 378,854 89,813
Supplemental disclosure of cash flow information      
Cash paid for interest 26,178 7,475 7,454
Cash paid (received) for income taxes, net 22 $ (7,316) $ 4,929
Right-of-use assets obtained in exchange for lease obligations (1) $ 49,847