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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (80,147) $ (76,276)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,664 1,319
Change in valuation of warrant liability 47 (72)
Non-cash interest expense 2,941  
Amortization of premiums on investments 1,140 915
Amortization of debt issuance costs 147  
Share-based compensation expense 17,651 18,076
Benefit for deferred income taxes (244)  
Unrealized foreign currency transaction losses, net 963  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,163 (356)
Trade receivables, net (8,480) (669)
Deposits and other assets (170) 258
Accounts payable and accrued expenses (3,435) (6,039)
Other long-term liabilities 1 (46)
Deferred revenue 587 (3,354)
Net cash used in operating activities (66,172) (66,244)
Cash flows from investing activities    
Purchases of fixed assets (275) (1,177)
Purchases of marketable securities (46,256) (44,988)
Sale and redemption of marketable securities 89,645 83,468
Net cash provided by investing activities 43,114 37,303
Cash flows from financing activities    
Proceeds from exercise of options 34 8,072
Net cash provided by financing activities 34 8,072
Effect of exchange rate changes on cash 660 341
Net decrease in cash and cash equivalents (22,364) (20,528)
Cash and cash equivalents, beginning of period 58,022 49,748
Cash and cash equivalents, end of period 35,658 29,220
Supplemental disclosure of cash information    
Cash paid for interest 2,263  
Cash paid for income taxes 264  
Supplemental disclosures of non-cash information related to investing and financing activities    
Change in unrealized gain (loss) on marketable securities, net of tax $ 618 $ (99)