| Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net Income (Loss) Attributable to Parent | ||||||||
-147,346 | -116,818 | -92,840 | 9,369 | -85,257 | -61,942 | -23,581 | -56,324 | -77,631 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation and amortization expense | ||||||||
2,236 | 2,068 | 1,529 | 3,702 | 4,506 | 4,350 | 5,076 | 7,616 | 6,338 |
Non-cash interest expense | ||||||||
6,252 | 7,223 | 6,375 | 5,799 | 5,258 | 4,476 | 4,643 | 6,377 | 6,737 |
Share-based compensation expense | ||||||||
19,107 | 9,965 | 7,283 | 7,809 | 4,331 | 3,449 | 2,351 | 3,328 | 5,372 |
Impairment of marketable securities | ||||||||
- | - | - | - | - | - | - | - | 217 |
Loss on extinguishment and conversion of notes | ||||||||
-6,457 | 0 | 0 | - | - | -11,197 | -942 | -6,340 | - |
Extinguishment of co-development liability, net | ||||||||
- | - | - | 21,610 | 0 | 0 | - | - | - |
Realized gain or loss on investments, net | ||||||||
0 | 529 | 0 | 16,255 | 0 | 0 | - | - | - |
Gain on sale of CMC, net | ||||||||
- | - | - | 1,641 | 0 | 0 | - | - | - |
Impairment loss related to cost method investment | ||||||||
0 | 1,500 | 0 | 0 | - | - | - | - | - |
Financing fees on notes payable | ||||||||
0 | 240 | 0 | 0 | - | - | - | - | - |
Change in fair value of notes payable | ||||||||
3,299 | 2,600 | 0 | 0 | - | - | - | - | - |
Payment of employee bonus with stock | ||||||||
- | - | - | - | - | 2,857 | 1,969 | 3,982 | 2,412 |
Non-cash license revenue | ||||||||
- | - | - | - | 4,500 | 0 | 0 | - | - |
Changes in operating assets and liabilities: | ||||||||
Realized gains on auction rate securities, net | ||||||||
- | - | - | - | - | - | - | 1,891 | 1,444 |
Accounts receivable | ||||||||
805 | -8,023 | 32,995 | 7,592 | -4,166 | 8,520 | -1,157 | 487 | - |
Prepaid expenses and other assets | ||||||||
3,067 | -6,179 | 4,352 | 1,260 | 1,961 | 746 | -1,044 | 632 | 658 |
Accounts payable and other accrued expenses | ||||||||
5,716 | -1,004 | 3,931 | -1,113 | 1,866 | -1,324 | 1,084 | -1,173 | -1,064 |
Accrued outsourcing costs | ||||||||
465 | 12,248 | 1,738 | 7,362 | 4,464 | 182 | 146 | 341 | 148 |
Accrued compensation and benefits | ||||||||
5,390 | 1,539 | 1,126 | -702 | -1,272 | 1,951 | 1,099 | -3,582 | 2,165 |
Co-development liability | ||||||||
- | - | - | 12,169 | 5,165 | 1,812 | 5,581 | 3,597 | - |
Deferred rent | ||||||||
-33 | 1,564 | 175 | -3,236 | -3,645 | -3,489 | -3,332 | -3,180 | 3,034 |
Deferred revenue | ||||||||
-17,661 | 25,664 | 37,831 | 1,584 | -4,807 | -41,214 | -31,613 | -30,471 | 78,078 |
Other non-current liabilities | ||||||||
207 | 184 | 109 | -178 | 4 | -106 | -112 | 197 | - |
Other liabilities and accrued expenses | ||||||||
- | - | - | - | - | - | - | - | 250 |
Net cash used in operating activities | ||||||||
-119,783 | -39,354 | -70,090 | -5,793 | -71,682 | -87,067 | -33,546 | -65,962 | 17,886 |
Cash flows from investing activities | ||||||||
Purchases of property and equipment | ||||||||
1,232 | 3,520 | 3,159 | 2,507 | 2,614 | 2,340 | 1,437 | 1,901 | 1,253 |
Proceeds from investment | ||||||||
0 | 529 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of CMC | ||||||||
- | - | - | 3,750 | 0 | 0 | - | - | - |
Proceeds from investment | ||||||||
442,602 | 387,554 | 139,150 | 202,908 | 95,602 | 110,723 | 51,339 | 53,427 | 79,375 |
Purchases of marketable securities | ||||||||
252,797 | 332,429 | 208,336 | 143,616 | 100,698 | 96,701 | 34,055 | 129,423 | 11,237 |
Net cash used in investing activities | ||||||||
-191,037 | -58,116 | 66,027 | -58,049 | 2,482 | -16,362 | -18,721 | 74,095 | -69,391 |
Net proceeds from the issuance of common stock | ||||||||
- | - | - | - | 75,000 | 75,555 | 67,145 | 6,060 | 11,596 |
Payments of Stock Issuance Costs | ||||||||
- | - | - | - | 1,552 | 4,659 | 3,997 | 281 | - |
Proceeds from notes payable at fair value | ||||||||
0 | 10,000 | 0 | 0 | - | 132,250 | 0 | 0 | - |
Net proceeds from employee stock purchases and options exercised | ||||||||
20,775 | 2,344 | 2,032 | 4,398 | 3,693 | 2,120 | 1,169 | 1,491 | 1,176 |
Payment of offering costs | ||||||||
- | - | - | - | - | - | - | - | 623 |
Payment of Comerica term loan | ||||||||
0 | 14,550 | 0 | 0 | - | 92,712 | 4,350 | 150 | - |
Proceeds from the modification of long-term debt, net | ||||||||
0 | 15,000 | 0 | 0 | - | - | - | - | 40,000 |
Payment for debt issuance costs | ||||||||
- | - | - | 0 | 86 | 4,188 | 0 | 0 | 1,000 |
Warrants exercised for cash | ||||||||
0 | 0 | 46 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||||
299,635 | 166,805 | 4,970 | 50,942 | 77,055 | 108,366 | 59,967 | 7,120 | 51,149 |
Net increase in cash and cash equivalents | ||||||||
-11,185 | 69,335 | 907 | -12,900 | 7,855 | 4,937 | 7,700 | 15,253 | -356 |
Supplemental disclosure of cash flow information | ||||||||
Cash paid for interest | ||||||||
4,026 | 4,386 | 4,466 | 4,450 | 4,349 | 6,564 | 7,008 | 9,105 | 8,540 |
Cash paid for income taxes | ||||||||
2,300 | 0 | 0 | - | - | - | - | - | - |
Change in unrealized gain (loss) on marketable securities | ||||||||
-385 | -83 | 2 | 3 | 4 | -1 | - | - | - |