XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net loss $ (11,949) $ (9,417)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation 2,702 2,541
Depreciation of property and equipment 141 111
Amortization of right-of-use assets 239  
Noncash interest income, net (436) (366)
Changes in assets and liabilities:    
Accounts receivable due from related party 1,891 49,392
Prepaids and other current assets (1,778) (83)
Other assets 180 32
Accounts payable 327 (951)
Other liabilities (1,443) (1,372)
Deferred revenue from related party (8,160) 1,061
Net cash provided by (used in) operating activities (18,286) 40,948
Investing activities    
Purchases of property and equipment, net (46) (32)
Purchases of investments (75,235) (77,941)
Sales of investments 4,967  
Maturities of investments 65,170 26,900
Net cash used in investing activities (5,144) (51,073)
Financing activities    
Proceeds from issuance of common stock 73,276  
Proceeds from exercise of stock options 2,573 1,128
Employees' tax withheld and paid for restricted stock units (1,174) (473)
Net cash provided by financing activities 74,675 655
Net increase (decrease) in cash and cash equivalents 51,245 (9,470)
Cash and cash equivalents at beginning of period 28,088 40,020
Cash and cash equivalents at end of period 79,333 30,550
Supplemental disclosures of cash flow information    
Cash paid for interest 422 $ 70
Right-of-use assets obtained in exchange for lease obligations [1] $ 1,301  
[1] Amounts for the three months ended March 31, 2019 include the transition adjustment for the adoption of Topic 842.