Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net loss $ (16,632) $ (16,494)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 301 245
Amortization of premium on marketable securities 60 72
Stock-based compensation 2,788 3,194
Other 72  
Net changes in operating assets and liabilities:    
Interest receivable (174) (95)
Accounts receivable 2,571 (46)
Prepaid expenses and other assets 70 172
Accounts payable and accrued liabilities (418) (5,158)
Accrued compensation and employee benefits (846) (1,026)
Deferred revenues (870) (1,224)
Net cash used in operating activities (13,078) (20,360)
Investing Activities:    
Purchases of marketable securities (38,973) (84,816)
Maturities of marketable securities 45,500 68,770
Purchases of property and equipment (468) (252)
Net cash provided by / (used in) investing activities 6,059 (16,298)
Financing Activities:    
Proceeds from public offering of common stock, net of issuance costs 3,425  
Taxes paid related to net share settlement of equity awards (4) (2)
Proceeds from issuance of common stock 23 187
Net cash provided by financing activities 3,444 185
Net decrease in cash and cash equivalents (3,575) (36,473)
Cash and cash equivalents, beginning of period 22,061 69,482
Cash and cash equivalents, end of period 18,486 33,009
Supplemental disclosure of noncash investing activities:    
Property and equipment included in accrued liabilities 536 $ 253
License included in accrued liabilities $ 950  

Source

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