XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (95,792) $ (63,866)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash royalty revenue related to sale of future royalties (6,920) (6,663)
Non-cash interest expense on liability related to sale of future royalties 5,019 4,552
Stock-based compensation 19,949 8,184
Depreciation and amortization 2,541 4,033
Other non-cash transactions (370) (731)
Changes in operating assets and liabilities:    
Accounts receivable, net 151 14,113
Inventory 51 (1,907)
Other assets 1,853 2,134
Accounts payable 6,492 4,117
Accrued compensation 6,867 (6,817)
Accrued clinical trial expenses 10,329 (515)
Other accrued expenses 605 1,798
Interest payable (108) (108)
Deferred revenue (3,678) 9,619
Other liabilities 545 (2,509)
Net cash used in operating activities (52,466) (34,566)
Cash flows from investing activities:    
Purchases of investments 0 (75,857)
Maturities of investments 37,232 58,053
Sales of investments 11,963 8,823
Purchases of property, plant and equipment (985) (4,089)
Net cash provided by (used in) investing activities 48,210 (13,070)
Cash flows from financing activities:    
Payment of capital lease obligations 0 (613)
Proceeds from shares issued under equity compensation plans 34,352 11,792
Net cash provided by financing activities 34,352 11,179
Effect of exchange rates on cash and cash equivalents (53) 297
Net increase (decrease) in cash and cash equivalents 30,043 (36,160)
Cash and cash equivalents at beginning of period 4,762 59,640
Cash and cash equivalents at end of period 34,805 23,480
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 4,952 $ 5,067