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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net loss $ (372,882) $ (270,120) $ (158,987)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 101,963 35,534 23,020
Premium on marketable securities (215) (105) (756)
Amortization of premium (discount) on marketable securities (9,892) (293) 286
Depreciation 1,143 531 281
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (15,462) (1,127) (3,362)
Accounts payable 24,544 (3,693) 7,796
Accrued expenses and other liabilities 10,130 19,996 13,044
Net cash used in operating activities (260,671) (219,277) (118,678)
Cash flows from investing activities      
Proceeds from sales and maturities of marketable securities 974,757 261,225 30,499
Purchases of marketable securities (1,484,358) (244,403) (259,093)
Purchases of property and equipment (2,860) (1,360) (1,421)
Net cash provided by (used in) investing activities (512,461) 15,462 (230,015)
Cash flows from financing activities      
Proceeds from stock option exercises and employee stock purchase plan issuances 29,108 15,972 1,406
Payment of employee tax obligations related to vesting of restricted stock units (904)    
Payments of offering costs (340) (179) (599)
Proceeds from public offerings of common stock, net of commissions and underwriting discounts 631,494 326,025 330,175
Net cash provided by financing activities 659,358 341,818 330,982
Net increase (decrease) in cash, cash equivalents and restricted cash (113,774) 138,003 (17,711)
Cash, cash equivalents and restricted cash at beginning of period 307,084 169,081 186,792
Cash, cash equivalents and restricted cash at end of period 193,310 307,084 169,081
Supplemental disclosure of non-cash operating, investing and financing activities      
Landlord tenant incentive included in other current assets 229    
Purchases of property and equipment financed with landlord tenant incentive   1,665  
Purchases of property and equipment included in accounts payable $ 51 138 $ 8
Public offering costs included in accounts payable   $ 95