XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss $ (49,405) $ (41,112)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,394 1,229
Stock-based compensation 5,966 4,912
Changes in valuation of warrant liability   (4,698)
Non-cash interest expense 820 230
Deferred income taxes 18 12
Non-cash tax expense (benefit) from other unrealized loss on available-for-sale securities 1,246 (2,034)
Changes in operating assets and liabilities:    
Accounts receivable (1,647) (153)
Inventories (1,432) 1,970
Other assets 354 802
Accounts payable 1,562 (3,085)
Accrued liabilities 258 (375)
Manufacturing and development obligations (3,258)  
Deferred product revenue 306 (42)
Net cash used in operating activities (43,818) (42,344)
Investing activities    
Capital expenditures (359) (561)
Purchases of investments (71,760) (78,261)
Proceeds from maturities of investments 33,500 57,444
Restricted cash 34 (115)
Net cash used in investing activities (38,585) (21,493)
Financing activities    
Net proceeds from equity incentives and warrants 2,710 6,609
Net proceeds from public offering 22,146 75,327
Proceeds from loans   10,000
Repayment of debt (591) (85)
Net cash provided by financing activities 24,265 91,851
Net (decrease) increase in cash and cash equivalents (58,138) 28,014
Cash and cash equivalents, beginning of period 71,018 22,781
Cash and cash equivalents, end of period $ 12,880 $ 50,795