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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Operating activities:      
Net income (loss) $ (58,480) $ 90,884  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Depreciation 3,233 3,073  
Amortization of right-of-use operating lease assets 393 476  
Amortization of patents 486 470  
Amortization of premium (discount) on investments, net 1,062 (2,433)  
Amortization of debt issuance costs 595 474  
Amortization of convertible senior notes discount 8,834 8,726  
Stock-based compensation expense 40,790 45,505  
Non-cash losses related to patents, licensing and property, plant and equipment and investments (87) 14  
Provision for deferred income taxes (3,437) 13,549  
Changes in operating assets and liabilities:      
Contracts receivable 34,429 4,908  
Inventories (2,181) (2,475)  
Other current and long-term assets 9,532 1,326  
Accounts payable 411 (17,191)  
Accrued compensation (20,920) (13,004)  
Other current liabilities (2,565) 13,756  
Deferred contract revenue (19,679) (40,353)  
Net cash provided by (used in) operating activities (7,584) 107,705  
Investing activities:      
Purchases of short-term investments (544,375) (492,781)  
Proceeds from sale of short-term investments 459,352 426,868  
Purchases of property, plant and equipment (9,080) (3,229)  
Acquisition of licenses and other assets, net (904) (1,032)  
Net cash used in investing activities (95,007) (70,174)  
Financing activities:      
Proceeds from issuance of equity, net 7,652 67,057  
Payments of tax withholdings related to vesting of employee stock awards and exercise of employee stock options (11,603) (7,597)  
Repurchases and retirements of common stock (90,550) 0 $ (34,400)
Net cash provided by financing activities (94,501) 59,460  
Net increase in cash and cash equivalents (197,092) 96,991  
Cash and cash equivalents at beginning of period 683,287 278,820 278,820
Cash and cash equivalents at end of period 486,195 375,811 $ 683,287
Supplemental disclosures of cash flow information:      
Interest paid 601 667  
Income taxes paid 3 0  
Supplemental disclosures of non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for lease liabilities 0 13,557  
Amounts accrued for capital and patent expenditures $ 4,903 $ 1,864