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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:      
Net loss $ (184,748) $ (183,769) $ (279,966)
Reconciliation of net loss to net cash used in operating activities:      
Depreciation and amortization 8,159 9,817 8,505
(Gain) Loss on disposal of property and equipment (55) 269 374
Non-cash impact of lease termination (4,381) 0 0
Amortization of debt issuance costs 1,424 1,424 1,305
Lease incentives received 0 1,933 1,963
Non-cash stock-based compensation 18,314 19,809 19,160
Other (2,396) 2,715 663
Changes in operating assets and liabilities:      
Prepaid expenses and other assets 1,212 2,590 (1,119)
Accounts payable and accrued expenses (6,744) 5,192 (4,808)
Deferred revenue (15,610) (4,456) (6,057)
Other liabilities 0 0 1,212
Net cash used in operating activities (184,825) (144,476) (258,768)
Investing Activities:      
Capital expenditures (1,372) (4,189) (18,202)
Purchases of marketable securities (120,150) (218,045) (356,556)
Proceeds from maturities of marketable securities 150,118 258,202 402,775
Net cash provided by investing activities 28,596 35,968 28,017
Financing Activities:      
Principal payments of capital leases 0 (37) (71)
Principal payments of notes payable 0 0 (395)
Proceeds from issuance of convertible notes 0 0 325,000
Payments of costs related to issuance of convertible notes 0 0 (9,966)
Payments for capped call transactions and costs 0 0 (38,521)
Net proceeds from sales of common stock 100,060 63,425 0
Proceeds from the exercise of stock options and employee stock purchases 2,745 1,152 3,802
Net cash provided by financing activities 102,805 64,540 279,849
Effect of exchange rate on cash, cash equivalents and restricted cash (48) 142 (335)
Net (decrease) increase in cash, cash equivalents and restricted cash (53,472) (43,826) 48,763
Cash, cash equivalents and restricted cash at beginning of year 135,431 179,257 130,494
Cash, cash equivalents and restricted cash at end of year 81,959 135,431 179,257
Supplemental disclosure of non-cash activities:      
Capital expenditures included in accounts payable and accrued expenses 519 15 697
Supplemental disclosure of cash flow information:      
Cash interest payments $ 12,188 $ 12,188 $ 6,189