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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net loss $ (68,683) $ (44,223)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 357 377
Stock-based compensation expense 8,702 4,987
Amortization of debt issuance costs 596 455
Amortization of premium/discount on investments (17) 140
Change in fair value of foreign currency derivative 646 1,185
Changes in operating assets and liabilities:    
Receivables 691 3,775
Inventory 649 (221)
Prepaid expenses and other assets 84 (347)
Deferred collaboration expense 140
Accounts payable and accrued expenses 2,579 4,447
Interest payable 2,897 2,737
Deferred revenue (7,000)
Net cash used in operating activities (51,499) (33,548)
Investing activities    
Acquisitions of property and equipment (180) (221)
Purchases of investments (3,018) (16,754)
Sales and maturities of investments 41,357 34,435
Net cash provided by investing activities 38,159 17,460
Financing activities    
Payment of senior credit facility (3,450)
Proceeds from senior credit facility 19,477
Net proceeds from common stock issued under stock-based compensation plans 977 736
Increase in lease financing obligation (37)
Net cash provided by (used in) financing activities 20,454 (2,751)
Increase (decrease) in cash, cash equivalents and restricted cash 7,114 (18,839)
Cash, cash equivalents and restricted cash at beginning of period 28,275 53,568
Cash, cash equivalents and restricted cash at end of period $ 35,389 $ 34,729