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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (178,813) $ (155,349)
Adjustments to reconcile net loss to cash flows from operating activities:    
Depreciation and amortization 3,947 3,883
Amortization of premium on available-for-sale securities, loss from sale of available-for-sale securities and non-cash interest 473 805
Loss on abandonment of patents 45 180
Stock-based compensation 23,093 25,769
Non-cash restructuring expenses [1] 504  
Changes in operating assets and liabilities, net:    
Net increase in accounts receivable (9) (317)
Net increase in inventory (2,921)  
Net (increase) decrease in other assets (8,203) 9,963
Net decrease in accounts payable, accrued expenses, deferred revenue and other liabilities (2,703) (3,127)
Net cash used in operating activities (164,587) (118,193)
Cash flows from investing activities:    
Purchase of property and equipment (2,427) (2,316)
Purchase of intangible assets (1,093) (982)
Purchase of restricted investments   (10,695)
Purchase of available-for-sale securities   (49,632)
Sale and maturity of available-for-sale securities 112,101 141,854
Net cash provided by investing activities 108,581 78,229
Cash flows from financing activities:    
Proceeds from borrowings, net of debt issuance costs   19,601
Repayments of long-term debt and notes payable (5,076) (2,573)
Proceeds from sales of common stock 364,951  
Proceeds from exercise of options and purchase of stock under the Employee Stock Purchase Program 10,967 5,204
Net cash provided by financing activities 370,842 22,232
Increase (decrease) in cash and cash equivalents 314,836 (17,732)
Cash and cash equivalents:    
Beginning of period 80,304 73,551
End of period 395,140 55,819
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 1,199 359
Supplemental schedule of non-cash investing activities and financing activities:    
Shares withheld for taxes 1,955  
Accrual for debt issuance costs related to the senior secured term loan 400 400
Intangible assets included in accrued expenses 1,230 105
Accrual for offering costs related to the equity offerings $ 222 135
Property and equipment included in accrued expenses   211
Capitalized interest   $ 99
[1] The non-cash restructuring expense relates to acceleration of stock option vesting and accelerated depreciation for certain assets.