XML 17 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (124,731) $ (57,193)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 8,696 4,549
Non-cash interest expense 0 569
Non-cash interest expense on liability related to sale of future royalties 501 0
Change in fair value of warrant liability 1,182 3,083
Change in fair value of derivative liability 0 (512)
Change in fair value of contingent equity liability 0 13,082
Loss from equity method investment 1,369 566
Other non-cash items 53 16
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (4,953) (3,836)
Other assets (11) 0
Accounts payable (694) 3,271
Accrued expenses 3,643 3,697
Other long-term liabilities (44) 6
Net cash used in operating activities (114,989) (32,702)
Cash flows from investing activities:    
Purchases of property and equipment (1,501) (49)
Purchase of equity method investment (1,375) (2,999)
Net cash used in investing activities (2,876) (3,048)
Cash flows from financing activities:    
Proceeds from issuance of common shares 55,000 179,996
Proceeds from sale of future royalties 106,047 0
Proceeds from issuance of common stock related to sale of future royalties 43,953 0
Proceeds from issuance of Series A preferred shares 0 40,000
Payments of related party notes payable 0 (595)
Payments of issuance costs (2,987) (3,053)
Proceeds from exercise of stock options 1,836 0
Net cash provided by financing activities 203,849 216,348
Net increase in cash 85,984 180,598
Cash at beginning of period 131,468 23,692
Cash at end of period 217,452 204,290
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 98
Cash paid for income taxes 23 450
Supplemental disclosure of non-cash investing and financing activities:    
Offering costs included in accounts payable and accrued expenses 377 2,015
Beneficial conversion feature on Series A preferred shares 0 12,006
Accretion of beneficial conversion feature on Series A preferred shares 0 12,006
Issuance of Series A preferred shares as payment of offering costs 0 1,242
Issuance of common shares as payment of equity investment $ 0 $ 352