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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (59,780) $ (50,878) $ (151,184)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 3,929 4,858 3,577
Amortization of intangible assets 0 0 224
Amortization and premium of marketable securities, net (729) (1,140) (1,048)
(Gain) loss on sale or disposal of assets (55) 11 1,220
Goodwill impairment     90,976
Intangible asset impairment 18,000   18,677
Other asset impairment   1,800  
Gain on fair value remeasurement of contingent consideration (4,218) (1,294) (29,621)
Non-cash income tax benefit (1,167)   (765)
Stock-based compensation expense 3,915 4,551 8,081
Changes in operating assets and liabilities:      
Accounts and other receivables (787) 2,274 (777)
Prepaid and other current assets (334) 362 1,783
Other assets   (39)  
Accounts payable and accrued expenses 1,638 (321) (13,110)
Other liabilities (816) (6,599) (3,268)
Net cash used in operating activities (40,404) (46,415) (75,235)
Cash flows from investing activities:      
Sales and maturities of marketable securities 123,600 113,173 201,469
Purchases of marketable securities (220,321) (95,382) (171,182)
Acquisition of property and equipment (1,552) (731) (813)
Proceeds from sale or disposal of assets 55 20 342
Net cash (used in) provided by investing activities (98,218) 17,080 29,816
Cash flows from financing activities:      
Net proceeds from stock issuances 170,792 16,248 29,022
Proceeds from issuance of stock from employee benefit plans 434 9 419
Issuance of term loan 2,962    
Payment of term loan (2,962)    
Net cash provided by financing activities 171,226 16,257 29,441
Net increase (decrease) in cash and cash equivalents 32,604 (13,078) (15,978)
Cash and cash equivalents at beginning of period 11,232 24,310 40,288
Cash and cash equivalents at end of period 43,836 11,232 24,310
Non-cash investing activities      
Accrued construction in progress $ 221 $ 25 107
Non-cash supplemental disclosure      
Shares issued to former Kolltan executive for settlement of severance     $ 71