XML 18 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flow from operating activities    
Net loss $ (37,299) $ (39,872)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,820 340
Depreciation and amortization 2,717 1,846
Share of loss from equity method investee 563 260
Gain on deemed sale from equity method investee (1,229)  
Accretion of discounts (amortization of premiums) on investments (1,017) 82
Other non-operating income (177) (76)
Changes in operating assets and liabilities    
Receivable from collaboration partner (5,000) (25,000)
Amounts owed by a related party (89) 370
Prepaid expenses and other current assets (1,188) (1,288)
Accounts payable (1,029) (2,306)
Accrued liabilities 4,141 611
Other current liabilities 33 28
Deferred revenue 1,209 24,837
Deferred rent (344) (478)
Net cash used in operating activities (35,889) (40,646)
Cash flow from investing activities    
Purchases of short-term and long-term investments (222,067) (37,718)
Proceeds from maturities of short-term and long-term investments 109,601 35,933
Purchases of property and equipment (3,485) (5,220)
Net cash used in investing activities (115,951) (7,005)
Cash flow from financing activities    
Proceeds from initial public offering, net of issuance costs 125,111  
Proceeds from issuance of common stock upon exercise of stock options, net of repurchases 3,327 797
Payment of preferred stock issuance costs (135)  
Net cash provided by financing activities 128,303 797
Net decrease in cash and cash equivalents (23,537) (46,854)
Cash and cash equivalents at beginning of period 98,426 [1] 65,160
Cash and cash equivalents at end of period 74,889 18,306
Non-cash investing and financing activities:    
Unpaid financing cost included in accounts payable and accrued liabilities 0 33
Unpaid portion of property and equipment purchases included in accounts payable and accrued liabilities 103 23
Vesting of early exercised stock options and restricted stock $ 982 $ 140
[1] The Condensed Consolidated Balance Sheet as of December 31, 2017 has been derived from the audited financial statements as of that date.