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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 $ (62,970) $ (66,135)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,862 1,749
Amortization of investment discount (400) (413)
Equity-based compensation 9,409 12,476
Amortization of debt discount and issuance costs 7,370 4,529
Loss on disposal of property and equipment 577 540
(Increase) decrease in assets:    
Accounts receivable (782) 506
Inventory (3,286) (5,206)
Prepaid expense and other (319) (212)
Increase (decrease) in liabilities:    
Accounts payable 788 (524)
Accrued liabilities, and other (2,115) (18)
Accrued interest (1,071) 191
Deferred revenue and income 33 (918)
Deferred compensation (25) 5
Net cash used in operating activities (50,929) (53,430)
Cash flows from investing activities:    
Purchases of equipment (148) (842)
Purchase of marketable securities (20,710) (115,634)
Proceeds from sales of marketable securities 13,400 3,000
Maturities of marketable securities 78,922 74,496
Net cash provided by (used in) investing activities 71,464 (38,980)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,363 447
Proceeds from exercise of options 4,879 3,710
Proceeds from issuance of convertible note 0 171,500
Prepayment of forward stock repurchase transaction 0 (45,069)
Payment of debt issuance costs 0 (4,992)
Net cash provided by financing activities 6,242 125,596
Effect of exchange rate on cash (99) (77)
Increase in cash and cash equivalents 26,678 33,109
Cash and cash equivalents, beginning of period 66,260 28,513
Cash and cash equivalents, end of period 92,938 61,622
Non-cash investing activities:    
Transfer of instruments from inventory to property and equipment 3,225 4,061
Supplemental cash flow information:    
Interest paid 4,288 2,001
Income taxes paid $ 54 $ 435