XML 17 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (34,883) $ (28,076)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Depreciation and amortization 521 355
Increase in fair value of Symphony Icon, Inc. purchase liability 965 1,753
Stock-based compensation 1,835 1,953
Amortization of debt issuance costs 125 62
Loss on disposal of property and equipment 12 6
Changes in operating assets and liabilities:    
Decrease in accounts receivable 170 865
(Increase) decrease in prepaid expenses and other current assets (4,134) 1,570
Increase in other assets 0 (393)
Increase (decrease) in accounts payable and other liabilities 3,836 (1,302)
Decrease in deferred revenue (12,187) (278)
Net cash used in operating activities (43,740) (23,485)
Cash flows from investing activities:    
Purchases of property and equipment (54) (17)
Proceeds from disposal of property and equipment 0 4
Purchases of investments (208,986) (70,978)
Maturities of investments 75,400 0
Net cash used in investing activities (133,640) (70,991)
Cash flows from financing activities:    
Proceeds from issuance of common stock 184 0
Repurchase of common stock (621) (357)
Repayment of debt borrowings (491) (456)
Other financing activities 0 (17)
Net cash used in financing activities (928) (830)
Net decrease in cash and cash equivalents (178,308) (95,306)
Cash and cash equivalents at beginning of period 202,989 137,266
Cash and cash equivalents at end of period 24,681 41,960
Supplemental disclosure of cash flow information:    
Cash paid for interest 378 412
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized gain on investments $ 516 $ 86