Cash Flow

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net loss $ (41,477) $ (62,034)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,030 745
Amortization of (discount) premium on marketable securities (310) 159
Stock-based compensation 6,969 13,128
Taxes paid related to net share settlement of equity awards (71) (534)
Benefit from income taxes   (27)
Other   54
Net changes in operating assets and liabilities:    
Interest receivable (259) (3)
Accounts receivable 1,539 1,039
Prepaid expenses and other assets (743) (725)
Accounts payable and accrued liabilities 3,676 (1,919)
Accrued compensation and employee benefits 1,589 89
Deferred revenues 56,078 (4,087)
Net cash provided by (used in) operating activities 28,021 (54,115)
Investing Activities:    
Purchases of marketable securities (229,595) (188,129)
Maturities of marketable securities 127,093 200,497
Purchases of property and equipment (2,873) (509)
Net cash (used in) provided by investing activities (105,375) 11,859
Financing Activities:    
Proceeds from public offering of common stock, net of issuance costs 81,573  
Proceeds from issuance of common stock 3,614 760
Net cash provided by financing activities 85,187 760
Net increase (decrease) in cash and cash equivalents 7,833 (41,496)
Cash and cash equivalents, beginning of period 22,061 69,482
Cash and cash equivalents, end of period 29,894 27,986
Supplemental disclosure of noncash investing activities:    
Property and equipment included in accrued liabilities $ 50 $ 2,202

Source

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