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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net loss $ (72,421) $ (23,418)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 439 199
Amortization of intangibles 9,100  
Amortization of premium/discount on investments (477) (60)
Non-cash interest expense 169  
Non-cash operating lease expense (614)  
Fair value write-up of inventory sold 14,586  
Write-down of inventory to net realizable value 1,664 0
Stock-based compensation 2,094 2,232
Deferred income taxes (2,757)  
Changes in operating assets and liabilities:    
Accounts receivable (31,769) (1,636)
Inventory (16,064)  
Prepaid expenses and other current assets 1,317 (1,496)
Other long-term assets 719  
Accounts payable (20,746) 10,882
Accrued expense (17,500) 2,399
Operating lease liabilities 549  
Deferred revenue (6,218) (9,391)
Deferred rent   (41)
Net cash used in operating activities (137,929) (20,330)
Investing activities:    
Purchase of equipment (1,928) (296)
Proceeds from the maturities of available for sale securities 78,691 56,330
Proceeds from sales of available for sale securities 33,710 4,999
Purchase of available for sale securities   (48,599)
Net cash provided by investing activities 110,473 12,434
Financing activities:    
Proceeds from the issuance of common stock, net of issuance costs   95,511
Proceeds from the sale of stock under employee stock purchase plan 188 218
Proceeds from the exercise of stock options 365 183
Payments on debt (15,000)  
Payments on capital lease obligations   (1)
Net cash provided by (used in) financing activities (14,447) 95,911
Increase (decrease) in cash, cash equivalents, and restricted cash (41,903) 88,015
Cash, cash equivalents, and restricted cash at beginning of the period 107,099 71,437
Cash, cash equivalents, and restricted cash at end of the period $ 65,196 159,452
Non-cash financing activities    
Unpaid follow-on offering costs   $ 95