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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (20,553) $ (24,431)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 146 6
Accretion of investments (151)  
Stock-based compensation 10,591 6,883
Amortization of debt discount and debt issuance costs 289 446
Amortization of intangible asset 360 161
Changes in assets and liabilities:    
Accounts receivable, net (41,858) (12,962)
Inventory (15,352) (107)
Prepaid and other current assets (7,416) (2,389)
Other long-term assets   (469)
Interest receivable (1,021)  
Accrued interest payable (111) (73)
Deferred revenue 961 (547)
Accounts payable and other current liabilities 79,285 (2,238)
Other long-term liabilities (1,033) (2,369)
Net cash provided by (used in) operating activities 4,137 (38,089)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities 17,077  
Purchase of securities (310,648)  
Purchases of furniture, fixtures and equipment (251)  
Net cash used in investing activities (293,822)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options, net of transaction costs 1,306 15,456
Payment on debt from royalty-bearing instrument (13,330) (6,423)
Taxes paid related to stock-based awards (13,831) (9,080)
Net cash used in financing activities (25,855) (47)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (315,540) (38,136)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 648,495 250,727
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 332,955 212,591
Cash paid during the year for:    
Interest $ 875 7,709
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset   $ 8,995