XML 47 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Combined and Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net loss $ (17,479) $ (5,217)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash research and development expenses 750  
Depreciation expense 4 3
Investment premium amortization, net 249  
Stock-based compensation expense 4,328 1,017
Interest accrued on notes receivable from stockholder (2) (3)
Changes in operating assets and liabilities:    
Other assets (34) (5)
Prepaid expenses and other current assets 33 (523)
Accounts payable (37) 512
Income tax payable (92) 11
Other accrued liabilities 440 542
Accrued compensation 169 186
Net cash used in operating activities (11,671) (3,477)
Investing activities    
Purchase of short-term investments (28,618)  
Maturities of short-term investments 2,200  
Purchase of property and equipment (10) (3)
Net cash used in investing activities (26,428) (3)
Financing activities    
Repayment of notes receivable from stockholder 337  
Proceeds from sale of convertible preferred stock 13,500 15,087
Net cash provided by financing activities 12,187 14,963
Increase (decrease) in cash and cash equivalents (25,912) 11,483
Cash and cash equivalents-beginning of period 51,615 4,207
Cash and cash equivalents-end of period 25,703 15,690
Non-cash financing activities    
Issuance of common stock for research and development expenses related to technology licensing option 750  
Issuance of Series A-1 convertible preferred stock to Amgen in exchange for license   1,003
Change in obligation to issue Series A-1 convertible preferred stock to Amgen   (1,003)
Issuance of common stock upon vesting of stock awards 65 80
Change in other long-term liabilities related to non-vested stock awards (65) 251
Restricted stock issued to related party in exchange for notes receivable   331
Offering costs in anticipation of initial public filing included in other accrued liabilities and accounts payable 407  
Supplemental cash flow disclosure—Cash paid for taxes 70 13
Convertible Preferred Stock
   
Financing activities    
Offering costs incurred (19) (124)
IPO
   
Financing activities    
Offering costs incurred $ (1,631)