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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (21,071) $ (7,152)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 699 196
Loss on disposal of property and equipment 2 7
Equity-based compensation 4,700 845
Benefit from intraperiod tax allocation   (766)
Changes in operating assets and liabilities:    
Accounts receivable (112)  
Prepaid expenses and other current assets (162) (360)
Accounts payable 154 405
Accrued expenses 1,741 1,220
Deferred revenue 67,260 10,004
Other assets (2,675) (841)
Other long-term liabilities (17) 170
Net cash provided by operating activities 50,519 3,728
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,760) (1,705)
Net cash used in investing activities (2,760) (1,705)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of Class A-2 preferred units and Series B preferred stock   74,661
Payments to acquire in-process research and development (600) (900)
Payment of preferred unit and preferred stock issuance costs (100) (2,622)
Proceeds from common stock offering 170,507  
Payment of common stock offering costs (2,764) (395)
Net cash provided by financing activities 167,043 70,744
Net increase in cash and cash equivalents 214,802 72,767
Cash and cash equivalents, beginning of period 75,816 9,845
Cash and cash equivalents, end of period 290,618 82,612
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Purchases of property and equipment unpaid at period end $ 944 144
Acquisition of in-process research and development unpaid at period end   800
Financing costs incurred but unpaid at period end   $ 792