XML 25 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities:      
Net Loss $ (93,031) $ (128,530) $ (127,197)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
Depreciation and Amortization 4,414 3,095 2,998
Amortization of Intangible Assets 896 997 1,013
Amortization and Premium of Marketable Securities, Net (290) 926 350
Loss on Sale or Disposal of Assets 55 81  
In-Process Research and Development Impairment 13,000    
Gain on Fair Value Remeasurement of Contingent Consideration (800)    
Non-Cash Income Tax Benefit (24,282)    
Stock-Based Compensation Expense 12,312 15,317 12,774
Non-Cash Expense   1,638 288
Changes in Operating Assets and Liabilities:      
Accounts and Other Receivables (96) (814) (543)
Prepaid and Other Current Assets 793 1,320 (653)
Other Assets 205 (89) 6
Accounts Payable and Accrued Expenses (8,744) (4,970) 4,875
Other Liabilities (4,363) (2,007) 7,202
Net Cash Used in Operating Activities (99,931) (113,036) (98,887)
Cash Flows From Investing Activities:      
Sales and Maturities of Marketable Securities 219,236 242,792 161,090
Purchases of Marketable Securities (170,980) (173,925) (206,405)
Investment in Other   (1,801)  
Cash Acquired in Kolltan Acquisition, Net   4,592  
Acquisition of Property and Equipment (1,788) (2,751) (4,876)
Net Cash Provided by (Used in) Investing Activities 46,468 68,907 (50,191)
Cash Flows From Financing Activities:      
Net Proceeds from Stock Issuances 51,025 13,946 188,840
Proceeds from Issuance of Stock from Employee Benefit Plans 265 536 4,311
Net Cash Provided by Financing Activities 51,290 14,482 193,151
Effect of Exchange Rate Changes on Cash and Cash Equivalents     15
Net (Decrease) Increase in Cash and Cash Equivalents (2,173) (29,647) 44,088
Cash and Cash Equivalents at Beginning of Period 42,461 72,108 28,020
Cash and Cash Equivalents at End of Period 40,288 42,461 72,108
Non-cash Investing Activities      
Accrued construction in progress 20 159 $ 75
Non-cash Supplemental Disclosure      
Shares issued to former Kolltan executive for settlement of severance $ 344 426  
Shares issued in connection with Kolltan Acquisition   $ 73,397