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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2016
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:        
Net loss $ (78,883) $ (144,817) $ (60,739) $ (71,364)
Adjustments to reconcile net loss to net cash used for operating activities:        
Non-cash royalty revenue related to sale of future royalties (12,894) (25,299) (5,484)  
Non-cash interest expense on liability related to sale of future royalties and convertible senior notes 8,665 20,130 5,437  
Depreciation and amortization 3,074 5,327 5,513 4,598
Loss (gain) on sale/disposal of fixed assets 1,130 (21) 7 20
Gain on forward contracts       (2)
Non-cash licensing fee       12,830
Stock and deferred share unit compensation 8,337 22,248 15,715 16,080
Deferred rent 88 161 195 297
Change in operating assets and liabilities:        
Accounts receivable (1,143) 4,205 (3,192) (1,896)
Unbilled revenue (5,369) (695) 615 792
Inventory (1,285) 2,028 15 (2,247)
Prepaid and other current assets (505) (706) (1,855) 571
Restricted cash       2,231
Other assets 405 (2,456) (761) 4
Accounts payable (3,247) 2,649 3,319 321
Accrued compensation (3,778) 2,378 1,481 712
Other accrued liabilities 960 (1,434) 3,248 (394)
Deferred revenue, net of non-cash upfront license payment 747 (8,318) (20,155) (16,675)
Proceeds from landlord for tenant improvements 42 144 1,350 472
Net cash used for operating activities (83,656) (124,476) (55,291) (53,650)
Cash flows from investing activities:        
Purchases of property and equipment (1,406) (10,376) (7,425) (8,184)
Payments from settlement of forward contracts       (1)
Net cash used for investing activities (1,406) (10,376) (7,425) (8,185)
Cash flows from financing activities:        
Proceeds from stock options exercised   5,161 4,429 9,136
Proceeds from sale of future royalties, net of $5,865 of transaction costs     194,135  
Proceeds from issuance of convertible 4.5% notes, net of $3,392 of transaction costs   96,608    
Net cash provided by financing activities   101,769 198,564 9,136
Net change in cash and cash equivalents (85,062) (33,083) 135,848 (52,699)
Cash and cash equivalents, beginning balance 245,026 278,109 142,261 194,960
Cash and cash equivalents, ending balance $ 159,964 $ 245,026 $ 278,109 $ 142,261