XML 19 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (87,404) $ (35,558)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in fair value of warrant liabilities 0 (9,835)
Depreciation and amortization 804 313
Interest on non-recourse debt 9,962 10,626
Amortization of deferred revenue 0 13
Amortization of bond premiums 0 6
Amortization of debt issuance costs 13 (53)
Amortization of deferred rent 0 109
Right-of-use asset amortization 64 0
Decrease in allowance for doubtful accounts 0 (11)
Non-cash expense related to stock-based compensation 1,743 1,330
Changes in operating assets and liabilities 20,141 884
Net cash used in operating activities (54,677) (32,176)
Cash flows from investing activities    
Purchases of marketable securities 0 (135)
Proceeds from sales/maturities of marketable securities 0 26,881
Purchases of property and equipment (2,064) (2,940)
Net cash (used in) provided by investing activities (2,064) 23,806
Cash flows from financing activities:    
Exercise of stock options, net 1,825 333
Exercise of warrants 0 5,250
Proceeds from private offering of common stock 0 67,784
Proceeds from the issuance of non-recourse debt 0 182,217
Debt conversion fees 0 (3)
Tax withholding payments for stock-based compensation 0 (1,472)
Net cash provided by financing activities 1,825 254,109
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (9) 47
Net increase (decrease) in cash, cash equivalents and restricted cash (54,925) 245,786
Cash, cash equivalents and restricted cash beginning of period 494,173 60,960
Cash, cash equivalents and restricted cash end of period 439,248 306,746
Supplemental disclosure of cash flow information:    
Interest paid 169 475
Schedule for non-cash investing and financing activities:    
Non-cash component of warrant exercise 0 17,760
Accrued capital expenditures 3,140 1,439
Shares received in cashless exercise 1,271 0
Total cash, cash equivalents and restricted cash $ 494,173 $ 60,960