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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net loss $ (90,192) $ (62,790) $ (47,380)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 6,030 3,322 3,354
Depreciation and amortization 516 738 1,464
Changes in operating assets and liabilities:      
Collaboration receivable     116
Prepaid expenses and other current assets 21 (225) (130)
Other assets (951) 173 (265)
Accounts payable 928 2,194 1,542
Accrued contract research costs 5,646 1,920 330
Other accrued liabilities 591 533 400
Deferred collaboration revenue     (6,731)
Net cash used in operating activities (77,411) (54,135) (47,300)
Cash flows from investing activities:      
Purchases of marketable securities (114,151) (50,033) (50,726)
Maturities of marketable securities 90,267 40,595 60,745
Purchases of property and equipment (769) (505) (690)
Net cash (used in) provided by investing activities (24,653) (9,943) 9,329
Cash flows from financing activities:      
Proceeds from issuances of common stock, excluding to related parties, and exercise of common stock options, net of transaction costs 38,735 66,248 27,581
Proceeds from the sale of common stock to related parties 19,437 53,545 7,734
Purchase and retirement of common stock from an officer   (32)  
Proceeds from term loans 13,500   2,000
Payment of term loans (2,617) (4,234) (378)
Payment of capital lease obligations (13) (12) (201)
Net cash provided by financing activities 69,042 115,515 36,736
Net increase (decrease) in cash and cash equivalents (33,022) 51,437 (1,235)
Cash and cash equivalents at beginning of period 81,512 30,075 31,310
Cash and cash equivalents at end of period 48,490 81,512 30,075
Supplemental disclosure of cash flow information:      
Cash paid for interest 2,512 1,696 1,911
Assets acquired under capital lease $ 126