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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (257,680) $ (216,807)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in fair value of warrant liabilities 0 47,808
Depreciation and amortization 2,831 1,261
Loss on disposal of property and equipment 1,003 0
Interest on non-recourse debt 30,022 29,545
Amortization of deferred revenue 0 (81)
Amortization of bond premiums 0 39
Amortization of debt issuance costs 38 109
Amortization of deferred rent 0 327
Right-of-use asset amortization 196 0
Decrease in allowance for doubtful accounts 0 (13)
Non-cash expense related to stock-based compensation 7,327 4,416
Changes in deferred revenue 65,000 0
Changes in other operating assets and liabilities 21,485 14,097
Net cash used in operating activities (129,778) (119,299)
Cash flows from investing activities    
Purchases of marketable securities 0 (135)
Proceeds from sales/maturities of marketable securities 0 73,968
Purchases of property and equipment (6,514) (11,169)
Net cash (used in) provided by investing activities (6,514) 62,664
Cash flows from financing activities:    
Exercise of stock options, net 2,281 1,726
Exercise of warrants 0 28,125
Proceeds from the issuance of common stock in at-the-market offering 5,829 0
Proceeds from the issuance of non-recourse debt 0 182,216
Debt conversion fees 0 (3)
Tax withholding payments for stock-based compensation 0 (1,668)
Net cash provided by financing activities 8,110 577,647
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (24) (65)
Net (decrease) increase in cash, cash equivalents and restricted cash (128,206) 520,947
Cash, cash equivalents and restricted cash beginning of period 494,173 60,960
Cash, cash equivalents and restricted cash end of period 365,967 581,907
Supplemental disclosure of cash flow information:    
Interest paid 338 950
Schedule for non-cash investing and financing activities:    
Non-cash component of warrant exercise 0 139,755
Accrued capital expenditures 0 2,449
Shares received in cashless exercise 1,271 634
Total cash, cash equivalents and restricted cash 494,173 60,960
Private placement    
Cash flows from financing activities:    
Proceeds from private offering of common stock 0 67,784
Public offering    
Cash flows from financing activities:    
Proceeds from private offering of common stock $ 0 $ 299,467