XML 19 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2018
Dec. 31, 2017
Jun. 30, 2016
Cash flows from operating activities:        
Net loss $ (78,883) $ (168,843) $ (96,012) $ (144,817)
Adjustments to reconcile net loss to net cash used for operating activities:        
Non-cash royalty revenue related to sale of future royalties (12,894) (32,154) (28,142) (25,299)
Non-cash interest expense on liability related to sale of future royalties and convertible senior notes 8,665 10,631 13,682 20,130
Non-cash debt conversion expense     22,915  
Depreciation and amortization 3,074 7,411 5,963 5,327
Loss (gain) on sale/disposal of fixed assets and impairment charges 1,130 115 239 (21)
Stock and deferred share unit compensation 8,337 16,807 11,325 22,248
Deferred rent 88 (95) 91 161
Change in operating assets and liabilities:        
Accounts receivable (1,143) 948 (623) 4,205
Unbilled revenue (5,369) 1,963 4,198 (695)
Inventory (1,285) 1,038 1,154 2,028
Contract asset   (500)    
Prepaid and other current assets (505) (1,495) 2,419 (706)
Other assets 405 88 (777) (2,456)
Accounts payable (3,247) 2,667 771 2,649
Accrued compensation (3,778) 323 4,527 2,378
Other accrued liabilities 960 3,839 4,375 (1,434)
Deferred revenue 747 (9,165) 61,540 (8,318)
Proceeds from landlord for tenant improvements 42     144
Net cash (used) provided by operating activities (83,656) (166,422) 7,645 (124,476)
Cash flows from investing activities:        
Purchases of property and equipment (1,406) (5,246) (1,116) (10,376)
Net cash used for investing activities (1,406) (5,246) (1,116) (10,376)
Cash flows from financing activities:        
Proceeds from issuance of common stock under stock plans   4,301 650 5,161
Proceeds from common stock issuance, net of $395 and $222 of transaction costs, respectively   162,512 101,663  
Fees for debt conversion     (1,699)  
Proceeds from issuance of convertible 4.5% notes, net of $3,392 of transaction costs       96,608
Net cash provided by financing activities   166,813 100,614 101,769
Net change in cash and cash equivalents (85,062) (4,855) 107,143 (33,083)
Cash and cash equivalents, beginning of period 245,026 267,107 159,964 278,109
Cash and cash equivalents, end of period $ 159,964 262,252 267,107 $ 245,026
Supplemental disclosure:        
Cash paid during the year for interest   $ 95 $ 4,685