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Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the statement of financial position that sum to the total of the same amounts in the statement of cash flows:

 

 

As of  September 30,

 

(in thousands)

 

2018

 

 

2017

 

Cash and cash equivalents

 

$

39,298

 

 

$

29,894

 

Restricted cash included in other non-current assets

 

 

79,941

 

 

 

 

Total cash, cash equivalents, and restricted cash shown in the statements of cash flows

 

$

119,239

 

 

$

29,894

 

 

Topic 606 [Member]  
Summary of Financial Statement Line Item Affected Cumulative Adjustment and Compared with Guidance in Effect Prior to Adoption

Refer below for a summary of the amount by which each financial statement line item was affected by the impact of the cumulative adjustment and as compared with the guidance that was in effect prior to the adoption:

 

 

 

Impact of Topic 606 Adoption on

Condensed Consolidated Balance Sheet as of January 1, 2018

 

(in thousands)

 

As reported under Topic 606

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

Deferred revenue, current portion

 

$

29,626

 

 

$

1,281

 

 

$

28,345

 

Deferred revenue, noncurrent portion

 

$

26,846

 

 

$

(2,398

)

 

$

29,244

 

Accumulated deficit

 

$

(494,362

)

 

$

1,117

 

 

$

(495,479

)

 

 

 

Impact of Topic 606 Adoption on

Condensed Consolidated Balance Sheet as of September 30, 2018

 

(in thousands)

 

As reported under Topic 606

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

Deferred revenue, current portion

 

$

51,094

 

 

$

12,741

 

 

$

63,835

 

Deferred revenue, noncurrent portion

 

$

123,917

 

 

$

(3,130

)

 

$

120,787

 

Accumulated deficit

 

$

(544,032

)

 

$

(9,611

)

 

$

(553,643

)

 

 

 

 

Impact of Topic 606 Adoption on Condensed Consolidated Statement of Operations and Comprehensive Loss for the

Three Months Ended September 30, 2018

 

 

Impact of Topic 606 Adoption on Condensed Consolidated Statement of Operations and Comprehensive Loss for the

Nine Months Ended September 30, 2018

 

(in thousands)

 

As reported under Topic 606

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

 

As reported under Topic 606

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

Collaboration revenue

 

$

23,538

 

 

$

(4,461

)

 

$

19,077

 

 

$

57,378

 

 

$

(8,495

)

 

$

48,883

 

Net loss

 

$

(12,843

)

 

$

(4,461

)

 

$

(17,304

)

 

$

(49,670

)

 

$

(8,495

)

 

$

(58,165

)

Net loss per share - basic and diluted:

 

$

(0.13

)

 

$

(0.04

)

 

$

(0.17

)

 

$

(0.52

)

 

$

(0.09

)

 

$

(0.61

)

 

 

 

Impact of Topic 606 Adoption on Condensed Consolidated Statement of Cash Flows for the

Nine Months Ended September 30, 2018

 

(in thousands)

 

As reported under Topic 606

 

 

Adjustments

 

 

Balances without adoption of Topic 606

 

Net loss

 

$

(49,670

)

 

$

(8,495

)

 

$

(58,165

)

Changes in deferred revenue

 

$

118,540

 

 

$

8,495

 

 

$

127,035