XML 21 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net loss $ (64,174) $ (82,385)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,063 3,196
Amortization of right-of-use assets 1,261 2,046
Gain on disposal of property and equipment and from lease termination (76)  
Accretion of discounts on marketable securities (78) (875)
Change in fair value of warrant liability 17,045  
Stock compensation expense 5,866 15,519
Cost of sales - amortization of intangible assets 2,500 4,570
Non-cash interest expense 1,726 2,135
Tenant improvements provided by the landlord 908 3,228
Changes in operating assets and liabilities:    
Accounts and other receivables, net 7,983 (3,878)
Inventories, net (13,060) (17,607)
Prepaid expenses and other current assets (2,083) (643)
Other assets 163 3,177
Accounts payable (3,993) 2,817
Lease liabilities (1,383) (761)
Accrued liabilities and other liabilities (3,355) (3,574)
Net cash used in operating activities (48,687) (76,263)
Investing activities    
Acquisition of technology licenses (7,000) (7,000)
Purchases of marketable securities (103,182) (108,341)
Proceeds from maturities and redemptions of marketable securities 74,400 99,310
Purchases of property and equipment, net (3,038) (11,383)
Net cash used in investing activities (38,820) (27,414)
Financing activities    
Proceeds from long-term debt, net   74,250
Proceeds from issuance of common stock, net 107,697 13,949
Proceeds from exercise of stock options and restricted stock awards, net 13 1
Proceeds from Employee Stock Purchase Plan 311 407
Net cash provided by financing activities 108,021 88,607
Effect of exchange rate changes on cash, cash equivalents and restricted cash 88 (44)
Net increase (decrease) in cash, cash equivalents and restricted cash 20,602 (15,114)
Cash, cash equivalents and restricted cash at beginning of period 40,100 49,967
Cash, cash equivalents and restricted cash at end of period 60,702 34,853
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 7,757 5,300
Tenant improvements provided by the landlord 908 3,228
Non-cash investing and financing activities:    
Purchases of property and equipment, not yet paid $ 124 6,920
Right-of-use assets obtained in exchange for operating lease liabilities   $ 34,807