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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net Loss $ (127,197) $ (118,080) $ (81,550)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
Depreciation and Amortization 2,998 2,388 1,932
Amortization of Intangible Assets 1,013 1,013 1,013
Amortization and Premium of Marketable Securities, Net 350 95 (1,366)
Realized Gain on Sales and Maturities of Marketable Securities   (11)  
Gain on Sale or Disposal of Assets   6 (21)
Stock-Based Compensation Expense 12,774 6,852 4,548
Non-Cash Expense 288 72 97
Changes in Operating Assets and Liabilities:      
Accounts and Other Receivables (543) 62 (445)
Prepaid and Other Current Assets (653) (2,026) (706)
Other Assets 6 65 276
Accounts Payable and Accrued Expenses 4,875 1,450 7,236
Other Liabilities 7,202 6,577 1,317
Net Cash Used in Operating Activities (98,887) (101,537) (67,669)
Cash Flows from Investing Activities:      
Sales and Maturities of Marketable Securities 161,090 109,232 38,894
Purchases of Marketable Securities (206,405) (148,314) (112,118)
Acquisition of Property and Equipment (4,876) (1,929) (4,219)
Proceeds from Sale or Disposal of Assets     21
Net Cash Used in Investing Activities (50,191) (41,011) (77,422)
Cash Flows from Financing Activities:      
Net Proceeds from Stock Issuances 188,840   295,697
Proceeds from Issuance of Stock from Employee Benefit Plans 4,311 1,171 5,403
Payments of Term Loan     (11,029)
Payments of Other Liabilities     (472)
Net Cash Provided by Financing Activities 193,151 1,171 289,599
Effect of Exchange Rate Changes on Cash and Cash Equivalents 15 (5) (3)
Net Increase (Decrease) in Cash and Cash Equivalents 44,088 (141,382) 144,505
Cash and Cash Equivalents at Beginning of Period 28,020 169,402 24,897
Cash and Cash Equivalents at End of Period 72,108 28,020 169,402
Supplemental Disclosure of Cash Flow Information      
Cash Paid for Interest     $ 1,209
Non-cash Investing Activities      
Accrued construction in progress $ 75 $ 1,027