XML 15 R5.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:        
Net loss $ (211,070) $ (39,269) $ (273,374) $ (124,731)
Adjustments to reconcile net loss to net cash used in operating activities:        
Non-cash share-based compensation expense     24,884 8,696
Non-cash interest expense on mandatorily redeemable preferred shares 3,955 0 3,955 0
Non-cash interest expense on liability related to sale of future royalties 5,151 501 11,964 501
Change in fair value of derivative liability 1,263 0 1,263 0
Change in fair value of warrant liability 0 0 0 1,182
Loss from equity method investment 1,415 641 2,315 1,369
Other non-cash items     271 53
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     (523) (4,953)
Other assets     (13) (11)
Accounts payable     2,117 (694)
Accrued expenses     22,385 3,643
Other long-term liabilities     (2,000) (44)
Net cash used in operating activities     (206,756) (114,989)
Cash flows from investing activities:        
Purchases of property and equipment     (1,448) (1,501)
Purchase of equity method investment     0 (1,375)
Net cash used in investing activities     (1,448) (2,876)
Cash flows from financing activities:        
Proceeds from issuance of common shares     282,000 55,000
Proceeds from sale of future royalties     0 106,047
Proceeds from issuance of common stock related to sale of future royalties     0 43,953
Proceeds from issuance of mandatorily redeemable preferred shares     125,000 0
Proceeds from exercise of warrants     1,998 0
Payments of issuance costs     (517) (2,987)
Proceeds from exercise of stock options     1,213 1,836
Net cash provided by financing activities     409,694 203,849
Net increase in cash     201,490 85,984
Cash at beginning of period     264,249 131,468
Cash at end of period $ 465,739 $ 217,452 465,739 217,452
Supplemental disclosure of cash flow information:        
Cash paid for interest     0 0
Cash paid for income taxes     428 23
Supplemental disclosure of non-cash investing and financing activities:        
Offering costs included in accounts payable and accrued expenses     $ 633 $ 377