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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net loss $ (69,595) $ (36,950)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 9,412 5,846
Noncash lease expense 1,870 1,424
Amortization of premiums on investments (50) (1,232)
Depreciation and amortization 252 271
Gain on settlement of dispute   (336)
Changes in assets and liabilities:    
Prepaid expenses, other assets, and long-term assets (1,316) 1,592
Operating lease liabilities (Right-of-use assets) (2,461) (942)
Accounts payable (7,768) 4,583
Accrued expenses and other liabilities 4,364 (3,346)
Net cash used in operating activities (65,292) (29,090)
Cash Flows from Investing Activities    
Maturities of short-term investments 113,665 91,042
Purchase of short-term investments (12,923) (89,185)
Purchase of property and equipment (637) (824)
Net cash provided by investing activities 100,105 1,033
Cash Flows from Financing Activities    
Tax payments related to shares withheld for vested restricted stock awards (118) (71)
Proceeds from the issuance of common stock upon exercise of options 3,951 69
Net cash provided by / (used in) financing activities 3,833 (2)
Net increase / (decrease) in cash, cash equivalents and restricted cash 38,646 (28,059)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 19,419 82,152
Cash, Cash Equivalents, and Restricted Cash, End of Period (Note 2) 58,065 54,093
Supplemental disclosure of non-cash investing and financing activities:    
Net unrealized gain on short-term investments 692 180
Acquisitions of property and equipment included in accounts payable and accrued expenses $ 4,686 $ 268