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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Operating activities:            
Net income (loss) $ (43,769)   $ (10,012) $ (102,249) $ 80,873  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:            
Depreciation       6,360 6,253  
Amortization of right-of-use operating lease assets       784 1,035  
Amortization of patents       999 948  
Amortization of premium (discount) on investments, net       3,842 (5,163)  
Amortization of debt issuance costs       1,236 957  
Amortization of convertible senior notes discount       17,807 17,661  
Stock-based compensation expense       89,233 87,437  
Gain on investments (9,625)   0 (9,887) 0  
Non-cash losses related to patents, licensing and property, plant and equipment and investments       211 203  
Provision for deferred income taxes       (2,513) 14,436  
Changes in operating assets and liabilities:            
Contracts receivable       35,200 (16,255)  
Inventories       (3,018) (5,736)  
Other current and long-term assets       1,064 (6,372)  
Accounts payable       (14,939) (16,104)  
Accrued compensation       (14,535) (9,219)  
Other current liabilities       (1,968) 3,283  
Deferred contract revenue       (59,355) (73,643)  
Net cash provided by (used in) operating activities       (51,728) 80,594  
Investing activities:            
Purchases of short-term investments       (976,284) (1,049,274)  
Proceeds from sale of short-term investments       982,173 877,966  
Purchases of property, plant and equipment       (18,178) (7,243)  
Acquisition of licenses and other assets, net       (3,023) (2,310)  
Net cash used in investing activities       (15,312) (180,861)  
Financing activities:            
Proceeds from issuance of equity, net       16,453 102,004  
Payments of tax withholdings related to vesting of employee stock awards and exercise of employee stock options       (11,971) (8,034)  
Repurchases and retirements of common stock   $ (90,600)   (90,548) 0 $ (34,400)
Net cash provided by (used in) financing activities       (86,066) 93,970  
Net increase in cash and cash equivalents       (153,106) (6,297)  
Cash and cash equivalents at beginning of period   $ 683,287   683,287 278,820 278,820
Cash and cash equivalents at end of period $ 530,181   $ 272,523 530,181 272,523 $ 683,287
Supplemental disclosures of cash flow information:            
Interest paid       3,093 4,776  
Income taxes paid       49 0  
Supplemental disclosures of non-cash investing and financing activities:            
Right-of-use assets obtained in exchange for lease liabilities       0 13,920  
Amounts accrued for capital and patent expenditures       $ 6,461 $ 3,073