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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (121,084) $ (79,753)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 25,838 22,027
Amortization of premiums and accretion of discounts on investment securities, available for sale (223) (1,115)
Amortization of intangible assets 246  
Depreciation 342 402
Loss on disposal of assets 5  
Changes in operating assets and liabilities:    
Accounts receivable, net (293)  
Interest and other receivables 298 (544)
Inventory (2,512)  
Prepaid expenses and other current assets (4,623) 60
Restricted cash (2,000)  
Other assets (782) (46)
Accounts payable (648) 900
Accrued liabilities 7,001 2,644
Deferred revenue 513  
Long-term liabilities (35) 205
Net cash used in operating activities (97,957) (55,220)
Cash flows from investing activities    
Purchases of investment securities (326,629) (125,255)
Maturities of investment securities 159,260 209,454
Intangible assets (8,000)  
Purchases of property and equipment (787) (1,662)
Net cash (used in) provided by investing activities (176,156) 82,537
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 289,429 4,038
Proceeds from settlement agreement 14,320  
Net cash provided by financing activities 303,749 4,038
Effect of exchange rate changes on cash   3
Net increase in cash and cash equivalents 29,636 31,358
Cash and cash equivalents    
Beginning of period 102,138 61,854
End of period 131,774 $ 93,212
Supplemental disclosure of noncash information:    
Property and equipment purchases in accounts payable and accrued liabilities 254  
Stock-based compensation capitalized in inventory $ 355