XML 19 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net loss $ (153,237) $ (160,108) $ (80,612)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 3,067 2,427 806
Share-based compensation 26,764 24,929 10,414
Deferred income taxes (2,200) (3,248) (963)
Interest expense under build-to-suit lease transaction 3,688 863 0
Gain from early lease retirement (2,096) 0 0
(Gain) loss on disposal of fixed asset (5) 0 20
Loss on sublease 0 0 261
Changes in operating assets and liabilities:      
Receivable from Roche (62) 331 1,220
Receivable from related party 0 0 30
Prepaid and other assets 7,249 (3,363) 937
Accounts payable, accruals and other liabilities 147 15,193 11,161
Net cash used in operating activities (131,183) (116,250) (58,600)
Investing activities      
Purchases of property and equipment (3,626) (16,644) (1,382)
Proceeds from disposal of fixed asset 105 0 0
Net cash used in investing activities (3,521) (16,644) (1,382)
Financing activities      
Proceeds from issuance of ordinary shares in public offering, net 150,323 128,777 131,341
Proceeds from issuance of ordinary shares upon exercise of stock options 17,838 10,516 5,648
Proceeds from tenant improvement allowance under build-to-suit lease 0 14,163 0
Reduction of build-to-suit lease obligation (2,760) (169) 0
Net cash provided by financing activities 165,401 153,287 136,989
Net increase in cash, cash equivalents and restricted cash 30,697 20,393 77,007
Cash, cash equivalents and restricted cash, beginning of the year 390,979 370,586 293,579
Cash, cash equivalents and restricted cash, end of the period 421,676 390,979 370,586
Supplemental disclosures of cash flow information      
Cash paid for income taxes, net of refunds 294 575 442
Supplemental disclosures of non-cash investing and financing activities      
Acquisition of property and equipment included in accounts payable and accrued liabilities 175 575 185
Amounts capitalized under build-to-suit lease transaction 0 36,805 0
Interest capitalized during construction period for build-to-suit lease transaction 0 1,179 0
Stock option shortfall 0 (258) 0
Offering costs included in accounts payable and accrued liabilities $ 0 $ 0 $ 18