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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (19,704) $ (7,971)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 3,904 1,327
Depreciation and amortization expense 386 92
Gain from revaluation of preferred stock warrant liability   (213)
Non-cash interest expense 54 30
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,040) (710)
Deferred revenue 117,290  
Accounts payable 1,331 (189)
Accrued expenses and other current liabilities (806) (706)
Net cash provided by (used in) operating activities 101,415 (8,340)
Cash flows from investing activities:    
Purchases of property and equipment (3,400) (214)
Purchases of investments (45,301) (59,255)
Maturities of investments 66,425  
Changes in restricted cash (1)  
Net cash provided by (used in) investing activities 17,723 (59,469)
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred stock, net of issuance costs   (24)
Proceeds from exercise of stock options and common stock warrants 157 89
Repayment of notes payable   (300)
Payments of initial public offering costs   (1,096)
Net cash provided by (used in) financing activities 157 (1,331)
Net increase (decrease) in cash and cash equivalents 119,295 (69,140)
Cash and cash equivalents at beginning of period 73,933 114,185
Cash and cash equivalents at end of period 193,228 45,045
Supplemental disclosure of cash flow information:    
Cash paid for interest 10 40
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering costs included in accounts payable and accrued expenses   162
Property and equipment purchases included in accounts payable and accrued expenses $ 3,395 $ 28