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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities:      
Net loss $ (156,937) $ (82,947) $ (51,983)
Reconciliation of net loss to net cash used in operating activities:      
Change in fair value of warrant liability 0 0 (267)
Depreciation and amortization 5,983 4,424 2,591
Loss (Gain) on disposal of property and equipment 681 534 (32)
Amortization of net premiums on marketable securities 1,217 415 507
Deferred rent (721) (552) 897
Non-cash stock-based compensation 13,431 6,090 2,480
Realized gains on marketable securities 0 (615) 0
Other 243 60 (200)
Changes in operating assets and liabilities:      
Restricted cash (36,204) 1,120 (431)
Accounts receivable - billed 6,250 (5,705) (451)
Accounts receivable - unbilled 2,229 1,888 (3,418)
Prepaid expenses and other assets (10,269) (5,904) 402
Accounts payable and accrued expenses 9,075 13,979 4,184
Deferred revenue 36,140 (253) (341)
Lease incentives received 2,792 452 703
Net cash used in operating activities (126,090) (67,014) (45,359)
Investing Activities:      
Capital expenditures (18,286) (7,268) (5,785)
Proceeds from disposal of property and equipment 18 39 116
Net cash received from acquisition 0 0 3,034
Purchases of marketable securities (228,521) (176,469) (14,754)
Proceeds from sales, maturities and redemptions of marketable securities 225,519 53,865 33,781
Net cash provided by (used in) investing activities (21,270) (129,833) 16,392
Financing Activities:      
Principal payments of capital leases (67) (124) (87)
Principal payments of notes payable (600) (671) (473)
Proceeds from notes payable 0 0 1,450
Changes in restricted cash (126) (2) (1)
Cash paid with acquisition 0 (171) 0
Net proceeds from sales of common stock, net of offering costs of $11.9 million, $7.1 million and $6.1 million, respectively 204,275 107,896 128,648
Proceeds from the exercise of stock options and employee stock purchases 4,801 2,789 1,498
Net cash provided by financing activities 208,283 109,717 131,035
Effect of exchange rate on cash and cash equivalents (150) (6) 4
Net increase (decrease) in cash and cash equivalents 60,773 (87,136) 102,072
Cash and cash equivalents at beginning of year 32,335 119,471 17,399
Cash and cash equivalents at end of year 93,108 32,335 119,471
Supplemental disclosure of non-cash activities:      
Common stock issued in connection with acquisition 0 0 41,942
Capital expenditures included in accounts payable and accrued expenses 2,797 2,615 379
Supplemental disclosure of cash flow information:      
Cash interest payments $ 96 $ 179 $ 177