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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (353,871) $ (273,374)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash share-based compensation expense 28,641 24,884
Non-cash interest expense on mandatorily redeemable preferred shares 12,554 3,955
Non-cash interest expense on liability related to sale of future royalties 19,995 11,972
Change in fair value of derivative liability 5,131 1,263
Loss from equity method investment 2,865 2,315
Other non-cash items 1,701 271
Changes in operating assets and liabilities:    
Trade receivables, net (44,796) 0
Inventories (6,931) 0
Prepaid expenses and other current assets (34,380) (523)
Other assets 17 (21)
Accounts payable 934 2,117
Accrued expenses and other current liabilities 41,543 22,385
Other long-term liabilities 62 (2,000)
Net cash used in operating activities (326,535) (206,756)
Cash flows from investing activities:    
Purchases of property and equipment (1,381) (1,448)
Payments for leasehold improvements (1,600) 0
Payments for intangible assets (21,500) 0
Net cash used in investing activities (24,481) (1,448)
Cash flows from financing activities:    
Proceeds from issuance of common shares 283,333 282,000
Proceeds from issuance of mandatorily redeemable preferred shares 0 125,000
Proceeds from exercise of warrants 0 1,998
Payments of issuance costs (500) (517)
Proceeds from exercise of stock options 14,355 1,213
Repayment of principal for finance leases (37) 0
Net cash provided by financing activities 297,151 409,694
Net increase (decrease) in cash and restricted cash (53,865) 201,490
Cash and restricted cash at beginning of period 317,727 264,249
Cash and restricted cash at end of period 263,862 465,739
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 428