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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:      
Net loss $ (60,739) $ (71,364) $ (72,811)
Adjustments to reconcile net loss to net cash used for operating activities:      
Non-cash royalty revenue related to sale of future royalties (5,484)    
Non-cash interest expense on liability related to sale of future royalties 5,437    
Depreciation and amortization 5,513 4,598 4,641
Loss (Gain) on sale/disposal of fixed assets 7 20 (21)
Gain on forward contracts   (2) (197)
Non-cash licensing fee   12,830  
Stock and deferred share unit compensation 15,715 16,080 12,751
Deferred rent 195 297 (109)
Change in operating assets and liabilities:      
Accounts receivable (3,192) (1,896) 129
Unbilled revenue 615 792 (925)
Inventory 15 (2,247) 585
Prepaid and other current assets (1,855) 571 (181)
Restricted cash   2,231 319
Other assets (761) 4 (43)
Accounts payable 3,319 321 1,103
Accrued compensation 1,481 712 1,211
Other accrued liabilities 3,248 (394) 481
Deferred revenue, net of non-cash upfront license payment (20,155) (16,675) (7,232)
Proceeds from landlord for tenant improvements 1,350 472  
Net cash used for operating activities (55,291) (53,650) (60,299)
Cash flows from investing activities:      
Purchases of property and equipment, net (7,425) (8,184) (3,770)
(Payments) proceeds from settlement of forward contracts   (1) 74
Net cash used for investing activities (7,425) (8,185) (3,696)
Cash flows from financing activities:      
Proceeds from stock options exercised 4,429 9,136 4,026
Proceeds from sale of future royalties, net of $5,865 of transaction costs 194,135    
Proceeds from common stock issuance, net     93,991
Net cash provided by financing activities 198,564 9,136 98,017
Net change in cash and cash equivalents 135,848 (52,699) 34,022
Cash and cash equivalents, beginning of period 142,261 194,960 160,938
Cash and cash equivalents, end of period $ 278,109 $ 142,261 $ 194,960