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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (41,818) $ (78,326)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 786 489
Gain on sale of assets, net (201) (879)
Amortization of debt issuance costs 326 0
Amortization of debt discount 4,265 0
Deferred rent (28) (114)
Amortization of premiums on investments 512 269
Non-cash share-based compensation expense 19,879 8,976
Change in operating assets and liabilities:    
Accounts receivable (13,497) (779)
Other current assets (750) 0
Accounts payable and accrued liabilities (7,870) (6,927)
Cease-use liability (62) (66)
Other liabilities (28) 0
Net cash used in operating activities (38,486) (77,357)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments (139,354) (57,877)
Sales and maturities of investments 84,086 116,085
Proceeds from sales of property and equipment 18 0
Purchases of property and equipment (1,800) (1,362)
Net cash (used in) provided by investing activities (57,050) 56,846
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 16,135 1,531
Net cash provided by financing activities 16,135 1,531
Net decrease in cash, cash equivalents and restricted cash (79,401) (18,980)
Cash, cash equivalents and restricted cash at beginning of the period 259,212 88,150
Cash, cash equivalents and restricted cash at end of the period $ 179,811 $ 69,170