| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net (loss) income | ||||||||||
-72,240 | -80,330 | 62,971 | -103,023 | -32,231 | -68,375 | -83,479 | -53,552 | -19,769 | -53,241 | -58,360 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||
Share-based compensation | ||||||||||
34,776 | 35,696 | 30,670 | 25,585 | 20,838 | 15,274 | 9,538 | 8,349 | 5,569 | 4,866 | 4,526 |
Depreciation and amortization | ||||||||||
4,100 | 2,400 | 2,200 | 2,400 | 1,677 | 1,762 | 1,227 | 1,079 | 1,095 | 1,507 | 1,443 |
Non-cash interest expense | ||||||||||
- | - | 1,761 | 2,896 | 1,243 | 2,025 | 156 | 9 | 0 | - | - |
Payment-in-kind Interest expense on long-term debt | ||||||||||
- | - | - | 552 | 879 | 0 | - | - | - | - | - |
Accretion of discounts on marketable securities, net | ||||||||||
2,484 | 1,545 | 303 | -13,184 | 0 | -1,457 | -1,116 | 0 | 0 | - | - |
Gain (Loss) on Disposition of Property Plant Equipment | ||||||||||
-1,400 | -5 | -46 | -8 | -8 | -233 | 0 | -7 | 1 | -13 | -2 |
Deferral of unearned revenue | ||||||||||
0 | 3,000 | 22,759 | 701 | 4,379 | 7,045 | 9,297 | 2,962 | -17,209 | -2,388 | 11,033 |
Recognition of deferred revenue | ||||||||||
3,996 | 2,832 | 6,512 | 9,304 | 5,789 | 5,554 | - | - | - | - | - |
Lease payments deferred | ||||||||||
-459 | -7 | 13 | 0 | 441 | 92 | - | - | - | 0 | - |
Operating Lease, Impairment Loss | ||||||||||
1,100 | 0 | 0 | - | - | - | - | - | - | - | - |
Recognition of deferred rent | ||||||||||
0 | 0 | 185 | 370 | 276 | 108 | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | ||||||||||
-401 | 0 | 0 | - | - | - | - | - | - | - | - |
Other | ||||||||||
-7 | -9 | -16 | 0 | 0 | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | ||||||||||
29,437 | -11,613 | 6,453 | -16,730 | 23,261 | 52 | -6,606 | 13,441 | -65 | -1,915 | -3,020 |
Inventories | ||||||||||
6,734 | 17,480 | -9,477 | 5,134 | 3,083 | 236 | 3,499 | 2,103 | 373 | -966 | 718 |
Prepaid expenses and other assets | ||||||||||
19,006 | 5,695 | -2,035 | -5,626 | 15,774 | 265 | -1,959 | 4,421 | 4,611 | 2,147 | -1,017 |
Restricted cash | ||||||||||
- | - | - | - | - | - | 100 | -50 | -50 | - | - |
Accounts payable and accrued expenses | ||||||||||
4,638 | 5,696 | 15,629 | -244 | 13,866 | -816 | 7,888 | -3,263 | 711 | 3,437 | -2,000 |
Other liabilities | ||||||||||
- | - | - | - | - | - | -48 | 45 | 172 | -314 | -113 |
Net cash provided by (used in) operating activities | ||||||||||
-85,423 | -49,500 | 134,053 | -50,383 | -37,083 | -47,518 | -49,339 | -64,279 | -34,300 | -45,385 | -40,148 |
Investing activities: | ||||||||||
Purchases of marketable securities | ||||||||||
389,759 | 311,112 | 398,187 | 155,412 | 71,482 | 88,884 | 48,947 | 0 | 0 | - | - |
Proceeds from maturities of marketable securities | ||||||||||
388,250 | 318,268 | 235,805 | 81,783 | 79,730 | 57,301 | 3,375 | 0 | 0 | - | - |
Purchases of property and equipment | ||||||||||
4,040 | 4,663 | 1,350 | 3,137 | 2,360 | 1,368 | 2,297 | 1,413 | 828 | 646 | 1,461 |
Net cash (used in) provided by investing activities | ||||||||||
-5,549 | 2,493 | -163,732 | -76,766 | 5,888 | -32,951 | -47,869 | -1,413 | -828 | -646 | -1,461 |
Financing activities: | ||||||||||
Proceeds from issuance of common stock, net | ||||||||||
0 | 0 | 134,874 | 0 | 0 | 107,713 | 0 | 81,477 | 0 | 59,965 | 38,174 |
Proceeds from issuance of long-term debt, net | ||||||||||
447,350 | 0 | 0 | 203,006 | 0 | 0 | 19,985 | 29,661 | 0 | 0 | - |
Repayment of long-term debt | ||||||||||
108,082 | 77,516 | 15,995 | 54,250 | 0 | 0 | - | - | - | - | - |
Payments of Debt Issuance Costs | ||||||||||
279 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments for Repurchase of Common Stock | ||||||||||
199,998 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock under equity incentive plans, net of taxes paid related to net share settlement | ||||||||||
14,224 | 13,719 | 12,776 | 1,865 | 13,098 | 6,788 | 5,079 | 1,680 | 4,748 | 1,858 | 1,018 |
Proceeds from exercise of warrants, net | ||||||||||
- | - | - | - | - | - | - | - | - | - | 6,165 |
Net cash provided by financing activities | ||||||||||
153,215 | -63,797 | 131,655 | 150,621 | 13,098 | 114,501 | 25,064 | 112,818 | 4,748 | 61,823 | 45,357 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
62,243 | -110,804 | 101,976 | 23,472 | -18,097 | 34,032 | -72,144 | 47,126 | -30,380 | 15,791 | 3,748 |
Supplemental disclosure of cash flow information: | ||||||||||
Interest Paid, Including Capitalized Interest, Operating and Investing Activities | ||||||||||
9,029 | 16,891 | 20,295 | 3,886 | 3,775 | 3,460 | 3,099 | 19 | 0 | 0 | - |
Income Taxes Paid | ||||||||||
188 | 220 | 3,015 | 1,441 | 0 | 0 | - | - | - | - | - |
Supplemental disclosure of non-cash investing and financing activities: | ||||||||||
Amounts accrued for purchases of property and equipment | ||||||||||
61 | 542 | 189 | 75 | 473 | 156 | 100 | 154 | 189 | 13 | 143 |
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction | ||||||||||
68 | 0 | 0 | - | - | - | - | - | - | - | - |
Right-of-use assets obtained in exchange for lease obligation | ||||||||||
897 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments for Tenant Improvements | ||||||||||
0 | 1,322 | 13 | - | - | - | - | - | - | - | - |
Capitalized property and liability associated with a build-to-suit lease arrangement | ||||||||||
- | - | - | - | - | - | 1,450 | 1,450 | 0 | 0 | - |