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Condensed Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash flows from operating activities:    
Net loss $ (353,046) $ (144,630)
Adjustments to reconcile net loss to cash flows from operating activities:    
Acquired in-process research and development 173,240  
Depreciation and amortization 14,064 5,125
Amortization of investment discount (5,800) (2,828)
Non-cash interest expense 10,513 9,958
Stock-based compensation 35,901 25,805
Other 892 37
Changes in operating assets and liabilities, net:    
Net increase in accounts receivable (7,937) (13,517)
Net increase in inventory (31,124) (20,521)
Net increase in other assets (87,708) (29,866)
Net increase in accounts payable, accrued expenses, deferred revenue and other liabilities 25,768 17,515
Net cash used in operating activities (225,237) (152,922)
Cash flows from investing activities:    
Purchase of property and equipment (32,945) (20,863)
Purchase of intangible assets (1,454) (1,556)
Purchase of available-for-sale securities (731,288) (295,823)
Purchases of restricted investment   (353)
Maturity and sale of available-for-sale securities 1,225,847 249,243
Net cash provided by (used in) investing activities 287,604 (69,352)
Cash flows from financing activities:    
Proceeds from revolving line of credit   173,354
Repayment of revolving line of credit   (173,653)
Repayments on mortgage loans   (1,265)
Proceeds from sale of common stock, net of offering costs 365,353  
Taxes paid related to net share settlement of equity awards (889)  
Proceeds from exercise of stock options and purchase of stock under the Employee Stock Purchase Program 19,391 34,386
Net cash provided by financing activities 383,855 32,822
Increase (decrease) in cash, cash equivalents and restricted cash 446,222 (189,452)
Cash, cash equivalents and restricted cash:    
Beginning of period 370,829 599,827
End of period 817,051 410,375
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 808,591 $ 410,375
Restricted cash in other assets $ 8,460  
Restricted Cash, Noncurrent, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsNoncurrent us-gaap:OtherAssetsNoncurrent
Total cash, cash equivalents and restricted cash $ 817,051 $ 410,375
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 4,275 6,058
Supplemental schedule of non-cash investing activities and financing activities:    
Sale of available-for-sale securities included in investment receivable 20,000  
Reclassification of long term investments to short term investments   9,980
Intangible assets included in accrued expenses 226 294
Accrual for debt issuance costs related to the term loans   600
Property and equipment included in accrued expenses 2,902 $ 289
Myonexus Therapeutics, Inc. [Member]    
Cash flows from investing activities:    
Acquisition of Myonexus Therapeutics, Inc., net of cash acquired $ (172,556)