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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (42,536) $ (44,037)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,236 1,082
Amortization of investment discount (320) (146)
Equity-based compensation 6,278 9,011
Amortization of debt discount and issuance costs 4,843 2,273
Loss on disposal of property and equipment 407 266
(Increase) decrease in assets:    
Accounts receivable (51) 123
Inventory (2,217) (4,334)
Prepaid expense and other (588) (697)
Increase (decrease) in liabilities:    
Accounts payable 476 206
Accrued liabilities, and other (1,110) 661
Accrued interest 0 1,105
Deferred revenue and income 38 (935)
Deferred compensation (18) 5
Net cash used in operating activities (33,562) (35,417)
Cash flows from investing activities:    
Purchases of equipment (76) (702)
Purchase of marketable securities (17,601) (91,272)
Proceeds from sales of marketable securities 13,400 3,000
Maturities of marketable securities 54,447 38,272
Net cash provided by (used in) investing activities 50,170 (50,702)
Cash flows from financing activities:    
Proceeds from issuance of common stock 251 276
Proceeds from exercise of options 4,369 2,757
Proceeds from issuance of convertible note 0 171,499
Prepayment of forward stock repurchase transaction 0 (45,069)
Payment of debt issuance costs 0 (4,991)
Net cash provided by financing activities 4,620 124,472
Effect of exchange rate on cash (19) (56)
Increase in cash and cash equivalents 21,209 38,297
Cash and cash equivalents, beginning of period 66,260 28,513
Cash and cash equivalents, end of period 87,469 66,810
Non-cash investing activities:    
Transfer of instruments from inventory to property and equipment 1,715 1,196
Supplemental cash flow information:    
Interest paid 2,144 0
Income taxes paid $ 9 $ 39