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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net loss $ (60,747) $ (72,421)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 525 439
Amortization of intangibles 9,100 9,100
Amortization of premium/discount on investments   (477)
Non-cash interest expense 437 169
Non-cash operating lease expense (647) (614)
Fair value write-up of inventory sold 11,180 14,586
Write-down of inventory 139 1,664
Stock-based compensation 4,916 2,094
Deferred income taxes   (2,757)
Change in fair value of derivative liability 90  
Changes in operating assets and liabilities:    
Accounts receivable (66,008) (31,769)
Inventory (8,163) (16,064)
Prepaid expenses and other current assets (1,898) 1,317
Other long-term assets 46 719
Accounts payable 20,470 (20,746)
Accrued expense (4,209) (17,500)
Operating lease liabilities 445 549
Deferred revenue 4,735 (6,218)
Net cash used in operating activities (89,589) (137,929)
Investing activities:    
Purchase of equipment   (1,928)
Proceeds from the maturities of available for sale securities 245 78,691
Proceeds from sales of available for sale securities   33,710
Net cash provided by investing activities 245 110,473
Financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 56,485  
Proceeds from the sale of stock under employee stock purchase plan 451 188
Proceeds from the exercise of stock options 412 365
Payments on debt   (15,000)
Net cash provided by financing activities 57,348 (14,447)
Increase in cash, cash equivalents, and restricted cash (31,996) (41,903)
Cash, cash equivalents, and restricted cash at beginning of the period 149,804 107,099
Cash, cash equivalents, and restricted cash at end of the period 117,808 $ 65,196
Non-cash financing activities    
Unpaid offering costs $ 90