XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net loss $ (20,236) $ (16,235)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,464 2,286
Share-based compensation 1,285 898
Amortization of lease incentive (109) (109)
Swiss pension obligation 172 185
Amortization of deferred debt issue costs 1,446 228
Accrued preference share dividends 263 263
Net change in assets and liabilities:    
Trade accounts receivable, net (170) (204)
Inventories (608) (560)
Accounts payable and accrued liabilities (2,005) 1,406
Accrued compensation and benefits (837) (152)
Other assets (811) (1,247)
Net cash used in operating activities (19,146) (13,241)
INVESTING ACTIVITIES:    
Increase in short-term investments (43,000)  
Realization of short-term investments 31,434  
Purchase of property and equipment (5,436) (6,579)
Purchase of intangible assets (6)  
Net cash used in investing activities (17,008) (6,579)
FINANCING ACTIVITIES:    
Repayment of finance leases (29) (37)
Proceeds from issuance of ordinary shares 45,273  
Net cash generated from financing activities 45,244 (37)
Effect of exchange rate fluctuations on cash and cash equivalents (836) (1,860)
Change in cash and cash equivalents 8,254 (21,717)
Beginning cash and cash equivalents 4,754 44,100
Ending cash and cash equivalents 13,008 22,383
Supplemental cash flow disclosures:    
Interest paid $ 5,068 $ 679