XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (80,237) $ (26,212)
Adjustments to reconcile net loss to net cash used for operating activities:    
Non-cash royalty revenue related to sale of future royalties (14,432) (14,052)
Non-cash interest expense on liability related to sale of future royalties and convertible senior notes 5,657 7,076
Depreciation and amortization 5,056 2,934
(Gain) loss on sale/disposal of fixed assets and impairment charges (30) 180
Stock and deferred share unit compensation 7,872 5,801
Deferred rent (59) 49
Change in operating assets and liabilities:    
Accounts receivable 2,630 1,002
Unbilled revenue 2,058 4,971
Inventory (852) (1,290)
Prepaid and other current assets (6,926) 628
Other assets (640) (128)
Accounts payable 3,871 (2,394)
Accrued compensation (2,949) 266
Other accrued liabilities 1,896 802
Deferred revenue (8,196) 11,487
Net cash used for operating activities (85,281) (8,880)
Cash flows from investing activities:    
Purchases of property and equipment (2,127) (779)
Net cash used for investing activities (2,127) (779)
Cash flows from financing activities:    
Proceeds from stock options exercised 2,819 32
Proceeds from common stock issuance, net of $367 of transaction costs 162,540  
Net cash provided by financing activities 165,359 32
Net change in cash and cash equivalents 77,951 (9,627)
Cash and cash equivalents, beginning of period 267,107 159,964
Cash and cash equivalents, end of period $ 345,058 $ 150,337