XML 27 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Consolidated net loss $ (129,050) $ (141,429) $ (4,682)
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,399 2,056 727
Impairment of assets 0 0 3,597
Increase (decrease) in fair value of Symphony Icon, Inc. purchase liability 2,101 (703) 5,927
Stock-based compensation 9,472 7,452 6,843
(Gain) loss on disposal of property and equipment 3 16 (47)
Amortization of debt issuance costs 599 527 520
Deferred tax benefit (12,661) 0 0
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable 166 (4,080) 124
Increase in inventories (1,948) 0 0
(Increase) decrease in prepaid expenses and other current assets (557) 6,259 (5,373)
(Increase) decrease in other assets 33 (32) (416)
Increase (decrease) in accounts payable and other liabilities (7,172) 27,650 6,203
Increase (decrease) in deferred revenue (49,779) (73,344) 171,353
Net cash provided by (used in) operating activities (185,394) (175,628) 184,776
Cash flows from investing activities:      
Purchases of property and equipment (228) (231) (910)
Proceeds from disposal of property and equipment 0 0 335
Purchases of investments (267,873) (425,673) (326,446)
Maturities of investments 318,623 444,156 210,000
Net cash provided by (used in) investing activities 50,522 18,252 (117,021)
Cash flows from financing activities:      
Proceeds from issuance of common stock, net of fees 7,987 3,624 114
Repurchase of common stock (1,679) (621) (357)
Proceeds from debt borrowings, net of fees 145,905 0 0
Repayment of debt borrowings (2,280) (2,016) (1,859)
Other financing activities 0 0 70
Net cash provided by (used in) financing activities 149,933 987 (2,032)
Net increase (decrease) in cash and cash equivalents 15,061 (156,389) 65,723
Cash and cash equivalents at beginning of year 46,600 202,989 137,266
Cash and cash equivalents at end of year 61,661 46,600 202,989
Supplemental disclosure of cash flow information:      
Cash paid for interest 5,870 6,050 6,270
Supplemental disclosure of noncash investing and financing activities:      
Unrealized gain (loss) on investments (27) 24 (156)
Common stock issued in satisfaction of Symphony Icon base payment obligation $ 10,499 $ 0 $ 0