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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) income $ 28,234 $ (171,285)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and impairment charges 11,617 9,019
Stock-based compensation 14,659 29,009
Repayment of interest related to facility lease obligation (5,338) 0
Reclassification of elements of accumulated other comprehensive income (loss) to earnings upon sale of sale of European operations 2,939 0
Gain on the Incyte transaction (131,734) 0
Deferred income tax benefit 0 (6,086)
Increase (decrease) from:    
Accounts receivable (17,317) (7,078)
Inventory (2,279) (539)
Other current assets 1,917 10,021
Other assets 1,327 (1,301)
Accounts payable (5,778) (2,161)
Accrued compensation and benefits (7,576) (3,224)
Accrued product development expenses (3,179) 8,016
Other accrued expenses 10,113 7,041
Other liabilities (22,466) 5,350
Deferred revenue 3,425 2,560
Net cash used in operating activities (121,436) (120,658)
Cash flows from investing activities:    
Investment in property and equipment (39,572) (4,446)
Proceeds from the Incyte transaction, net of $4,484 of cash transferred 143,149 0
Net cash provided by (used in) investing activities 103,577 (4,446)
Cash flows from financing activities:    
Repayment of long-term debt (4,813) (313)
Reimbursements of amounts related to facility lease obligation 34,173 1,816
Proceeds from royalty financing 50,000 50,000
Proceeds from issuance of common stock pursuant to stock option and purchase plans 14,234 3,596
Payment of tax withholding obligations related to stock compensation (1,541) (321)
Net cash provided by financing activities 92,053 54,778
Effect of exchange rates on cash (44) (175)
Net increase (decrease) in cash and cash equivalents 74,150 (70,501)
Cash and cash equivalents, beginning of period 230,888 352,688
Cash and cash equivalents, end of period 305,038 282,187
Supplemental disclosures:    
Capitalization of construction-in-progress related to facility lease obligation 10,254 26,634
Non-cash transaction – property and equipment included in accounts payable or accruals 3,430 1,106
Non-cash transaction - deferred financing costs included in accounts payable or accruals 0 3,846
Non-cash transaction – sublease tenant improvements related to facility lease obligation 12,379 0
Non-cash transaction – marketable equity securities recorded at fair market value $ (1,780) $ 15,138