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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (25,474) $ (19,704)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,279 3,904
Depreciation and amortization expense 1,730 386
Non-cash interest expense 3 54
Accretion of discount on investments (59)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (62) (1,040)
Deferred revenue (3,015) 117,290
Accounts payable (1,916) 1,331
Accrued expenses and other current liabilities (1,135) (806)
Net cash provided by (used in) operating activities (25,649) 101,415
Cash flows from investing activities:    
Purchases of property and equipment (2,247) (3,400)
Purchases of investments (22,513) (45,301)
Maturities of investments 37,751 66,425
Changes in restricted cash (1) (1)
Net cash provided by investing activities 12,990 17,723
Cash flows from financing activities:    
Proceeds from exercise of stock options and common stock warrants 19 157
Net cash provided by financing activities 19 157
Net increase (decrease) in cash and cash equivalents (12,640) 119,295
Cash and cash equivalents at beginning of period 54,539 73,933
Cash and cash equivalents at end of period 41,899 193,228
Supplemental disclosure of cash flow information:    
Cash paid for interest   10
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable and accrued expenses $ 349 $ 3,395