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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information

The following table contains quarterly financial information for 2018 and 2017. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair statement of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.

 

 

 

2018

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

 

 

(in thousands, except per share amounts)

 

Total revenue

 

$

 

 

$

90,000

 

 

$

 

 

$

273

 

 

$

90,273

 

Total operating expenses

 

 

78,119

 

 

 

112,147

 

 

 

128,745

 

 

 

164,500

 

 

 

483,511

 

Loss from operations

 

 

(78,119

)

 

 

(22,147

)

 

 

(128,745

)

 

 

(164,227

)

 

 

(393,238

)

Net loss

 

 

(74,598

)

 

 

(16,978

)

 

 

(122,918

)

 

 

(158,388

)

 

 

(372,882

)

Net loss per share—basic and diluted

 

$

(1.68

)

 

$

(0.36

)

 

$

(2.63

)

 

$

(3.38

)

 

$

(8.08

)

 

 

 

2017

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

 

 

(in thousands, except per share amounts)

 

Total revenue

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Total operating expenses

 

 

57,480

 

 

 

70,854

 

 

 

74,373

 

 

 

70,448

 

 

 

273,155

 

Loss from operations

 

 

(57,480

)

 

 

(70,854

)

 

 

(74,373

)

 

 

(70,448

)

 

 

(273,155

)

Net loss

 

 

(56,778

)

 

 

(70,202

)

 

 

(73,719

)

 

 

(69,421

)

 

 

(270,120

)

Net loss per share—basic and diluted

 

$

(1.52

)

 

$

(1.88

)

 

$

(1.97

)

 

$

(1.75

)

 

$

(7.09

)