Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:    
Net loss $ (29,123) $ (43,069)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 618 493
Amortization of premium on marketable securities 32 133
Stock-based compensation 4,751 10,393
Benefit from income taxes   (24)
Net changes in operating assets and liabilities:    
Interest receivable (32) 8
Accounts receivable 1,477 216
Prepaid expenses and other assets (1,039) (510)
Accounts payable and accrued liabilities 2,654 (1,232)
Accrued compensation and employee benefits 24 (546)
Deferred revenues 64,346 (2,399)
Net cash provided by / (used in) operating activities 43,708 (36,537)
Investing Activities:    
Purchases of marketable securities (159,166) (145,890)
Maturities of marketable securities 83,029 126,087
Purchases of property and equipment (2,175) (356)
Net cash used in investing activities (78,312) (20,159)
Financing Activities:    
Proceeds from public offering of common stock, net of issuance costs 81,562  
Taxes paid related to net share settlement of equity awards (7) (534)
Proceeds from issuance of common stock 825 703
Net cash provided by financing activities 82,380 169
Net increase / (decrease) in cash and cash equivalents 47,776 (56,527)
Cash and cash equivalents, beginning of period 22,061 69,482
Cash and cash equivalents, end of period 69,837 12,955
Supplemental disclosure of noncash investing activities:    
Property and equipment included in accrued liabilities $ 226 $ 247