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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended 62 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (47,623) $ (43,575)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,621 2,085  
Loss (gain) on disposal of property and equipment 17 (29)  
Equity-based compensation 8,996 9,008  
Accretion of investment discounts (2,630)    
Non-cash lease expense 462    
Changes in operating assets and liabilities:      
Accounts receivable 3,359 1,862  
Prepaid expenses and other current assets (1,339) 199  
Accounts payable (293) (1,599)  
Accrued expenses 947 305  
Deferred revenue (13,772) (9,009)  
Other assets 125 564  
Other long-term liabilities   (76)  
Net cash used in operating activities (49,130) (40,265)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (2,474) (2,750)  
Purchases of marketable securities (182,582)    
Maturities of marketable securities 214,000    
Net cash provided by (used in) investing activities 28,944 (2,750)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from common stock offerings, net of offering costs 7,912   $ 580,200
Proceeds from options exercised 2,024 7,277  
Issuance of shares through employee stock purchase plan 534 598  
Net cash provided by financing activities 10,470 7,875  
Net decrease in cash and cash equivalents (9,716) (35,140)  
Cash and cash equivalents, beginning of period 58,856 340,678  
Cash and cash equivalents, end of period 49,140 305,538 $ 49,140
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Purchases of property and equipment unpaid at period end 867 $ 1,417  
Proceeds from at-the-market offerings unpaid at period end 27,140    
Right-of-use assets acquired under operating leases $ 1,343