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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (58,488)$ (61,373)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:  
Depreciation1,9661,781
Non-cash equity-based compensation expense8,79810,736
Non-cash income tax benefit(611)(462)
Amortization of premium/discount on purchased securities2,778904
Fair value adjustment of settlement rights 788
Losses (gains) on investments, net194(402)
Changes in operating assets and liabilities:  
Accounts receivable, net(1,284)19,702
Inventories2,094(7,157)
Receivable from collaboration249(564)
Prepaid and other current assets2,163(2,221)
Accounts payable and accrued expenses5,083380
Deferred revenues(4,829)49,702
Other long-term liabilities(260)(219)
Total adjustments16,34172,968
Net cash (used in) provided by operating activities(42,147)11,595
Cash flows from investing activities:  
Proceeds from sales or maturities of available-for-sale investments99,096110,285
Purchases of available-for-sale investments(93,707)(234,045)
Capital expenditures(415)(1,100)
Net cash provided by (used in) investing activities4,974(124,860)
Cash flows from financing activities:  
Proceeds from the exercise of stock options101,322
Proceeds from the issuance of common stock, net of underwriting discounts and other expenses 165,559
Proceeds from the issuance of common stock under ESPP294642
Net cash provided by financing activities304167,523
Net (decrease) increase in cash and cash equivalents(36,869)54,258
Cash and cash equivalents at beginning of the period112,64650,126
Cash and cash equivalents at end of the period$ 75,777$ 104,384