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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net Loss $ (96,223) $ (94,513)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 2,135 2,151
Amortization of Intangible Assets 760 760
Amortization and Premium of Marketable Securities, Net 768 (501)
Loss on Sale or Disposal of Assets 74  
Stock-Based Compensation Expense 11,709 8,677
Non-Cash Expense 1,638 216
Changes in Operating Assets and Liabilities:    
Accounts and Other Receivables (609) (100)
Prepaid and Other Current Assets (325) (478)
Other Assets   6
Accounts Payable and Accrued Expenses (11,560) (70)
Other Liabilities (1,054) (1,290)
Net Cash Used in Operating Activities (92,687) (85,142)
Cash Flows from Investing Activities:    
Sales and Maturities of Marketable Securities 194,915 129,349
Purchases of Marketable Securities (149,877) (193,815)
Investment in Other (1,801)  
Acquisition of Property and Equipment (2,113) (4,469)
Net Cash Provided by (Used in) Investing Activities 41,124 (68,935)
Cash Flows from Financing Activities:    
Net Proceeds from Stock Issuances 10,666 188,840
Proceeds from Issuance of Stock from Employee Benefit Plans 532 3,993
Net Cash Provided by Financing Activities 11,198 192,833
Effect of Exchange Rate Changes on Cash and Cash Equivalents   15
Net (Decrease) Increase in Cash and Cash Equivalents (40,365) 38,771
Cash and Cash Equivalents at Beginning of Period 72,108 28,020
Cash and Cash Equivalents at End of Period 31,743 66,791
Non-cash Investing Activities    
Acquisition of Property and Equipment included in Accounts Payable and Accrued Expenses $ 65 $ 38