XML 52 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ (220,872) $ (123,603) $ 85,248
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation, amortization and impairment charges 8,307 4,614 6,147
Stock-based compensation 20,341 7,675 4,836
Deferred executive compensation expense 2,810 1,719 1,477
Revaluation of warrant liability 15,924 46,715 19,532
Increase (decrease) from:      
Other assets (4,647) (145) 814
Amounts due under license and collaboration agreements (67) 373 3,176
Accounts payable 2,664 2,394 (1,684)
Accrued compensation and benefits 10,656 82 76
Accrued product development expenses 2,113 3,759 117
Other accrued expenses 4,669 1,271 (1,043)
Other liabilities 5,714 1,660 18
Deferred revenue (230) 999 (111,611)
Deferred executive compensation paid (1,063) (775) (685)
Net cash provided by (used in) operating activities (153,681) (53,262) 6,418
Cash flows from investing activities:      
Acquisitions of marketable securities (89,554)    
Proceeds from maturities of marketable securities 44,500    
Change in restricted cash (289)    
Investment in property and equipment (4,424) (1,452) (1,344)
Investment in intangible assets (633) (671) (691)
Net cash used in investing activities (50,400) (2,123) (2,035)
Cash flows from financing activities:      
Proceeds from long-term borrowings   4,375  
Repayment of long-term borrowings (1,400) (1,400) (1,925)
Principal payments under capital lease obligations (54) (66) (118)
Proceeds from issuance of common stock, net of issuance costs   243,058 57,515
Proceeds from issuance of common stock pursuant to warrants 12,483 8,080 2,624
Proceeds from issuance of common stock pursuant to stock option and purchase plans 10,511 4,791 789
Payment of tax withholding obligations related to stock compensation (4,336) (827)  
Net cash provided by financing activities 17,204 258,011 58,885
Net increase (decrease) in cash and cash equivalents (186,877) 202,626 63,268
Cash and cash equivalents, beginning of year 306,256 103,630 40,362
Cash and cash equivalents, end of year 119,379 306,256 103,630
Supplemental disclosures:      
Interest paid 206 230 182
Property and equipment acquired through capital lease     19
Non-cash transaction - property and equipment included in accounts payable or accruals $ 579 $ 911