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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net Loss $ (94,513) $ (86,258)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 2,151 1,764
Amortization of Intangible Assets 760 760
Amortization and Premium of Marketable Securities, Net (501) (754)
Realized Gain on Sales and Maturities of Marketable Securities   (11)
Stock-Based Compensation Expense 8,677 4,719
Non-Cash Expense 216  
Changes in Operating Assets and Liabilities:    
Accounts and Other Receivables (100) (2,416)
Prepaid and Other Current Assets (478) (1,428)
Other Assets 6 49
Accounts Payable and Accrued Expenses (70) (740)
Other Liabilities (1,290) 4,992
Net Cash Used in Operating Activities (85,142) (79,323)
Cash Flows from Investing Activities:    
Sales and Maturities of Marketable Securities 129,349 89,215
Purchases of Marketable Securities (193,815) (146,159)
Acquisition of Property and Equipment (4,469) (1,766)
Net Cash Used in Investing Activities (68,935) (58,710)
Cash Flows from Financing Activities:    
Net Proceeds from Stock Issuances 188,840  
Proceeds from Issuance of Stock from Employee Benefit Plans 3,993 1,160
Net Cash Provided by Financing Activities 192,833 1,160
Effect of Exchange Rate Changes on Cash and Cash Equivalents 15 (4)
Net Increase (Decrease) in Cash and Cash Equivalents 38,771 (136,877)
Cash and Cash Equivalents at Beginning of Period 28,020 169,402
Cash and Cash Equivalents at End of Period 66,791 $ 32,525
Non-cash Investing Activities    
Acquisition of Property and Equipment included in Accounts Payable and Accrued Expenses $ 38