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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:    
Net Loss $ (62,533) $ (58,177)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 1,384 1,161
Amortization of Intangible Assets 507 507
Amortization and Premium of Marketable Securities (1,228) (1,436)
Stock-Based Compensation Expense 4,808 2,761
Non-Cash Expense 144  
Changes in Operating Assets and Liabilities:    
Accounts and Other Receivables (7) (36)
Prepaid and Other Current Assets (1,837) (1,825)
Other Assets (98) 32
Accounts Payable and Accrued Expenses 2,524 (1,033)
Other Liabilities (1,015) 5,315
Net Cash Used in Operating Activities (57,351) (52,731)
Cash Flows from Investing Activities:    
Sales and Maturities of Marketable Securities 86,345 50,587
Purchases of Marketable Securities (164,434) (126,222)
Acquisition of Property and Equipment (3,108) (1,094)
Net Cash Used in Investing Activities (81,197) (76,729)
Cash Flows from Financing Activities:    
Net Proceeds from Stock Issuances 188,840  
Proceeds from Issuance of Stock from Employee Benefit Plans 3,257 856
Net Cash Provided by Financing Activities 192,097 856
Effect of Exchange Rate Changes on Cash and Cash Equivalents 15 (1)
Net Increase (Decrease) in Cash and Cash Equivalents 53,564 (128,605)
Cash and Cash Equivalents at Beginning of Period 28,020 169,402
Cash and Cash Equivalents at End of Period 81,584 $ 40,797
Non-cash Investing Activities    
Acquisition of Property and Equipment included in Accounts Payable and Accrued Expenses $ 503