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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 117,751 $ 400,304
Investments, available-for-sale 495,705 273,052
Prepaid expenses and other current assets 8,757 12,149
Total current assets 622,213 685,505
Investments, available-for-sale 3,195  
Property and equipment, net 30,250 24,363
Restricted cash 4,557 4,555
Other assets 4,898 1,314
Total assets 665,113 715,737
Current liabilities:    
Accounts payable 2,980 3,744
Accrued expenses 39,808 30,541
Current portion of deferred revenue 5,139 5,373
Current portion of lease incentive obligation 1,714 1,714
Current portion of term loan payable 692 1,518
Total current liabilities 50,333 42,890
Deferred rent, net of current portion 4,648 4,129
Deferred revenue, net of current portion 43,156 30,000
Lease incentive obligation, net of current portion 13,760 14,617
Other long term liabilities 284 131
Commitments (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value; 120,000,000 shares authorized; 43,883,774 and 43,577,526 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively; 44 43
Additional paid-in capital 997,770 979,785
Accumulated other comprehensive loss (381) (269)
Accumulated deficit (444,501) (355,589)
Total stockholders’ equity 552,932 623,970
Total liabilities and stockholders’ equity $ 665,113 $ 715,737