Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED CASH FLOW STATEMENTS

v3.5.0.2
CONDENSED CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net loss $ (56,165) $ (22,755)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 2,290 828
Amortization 122 25
Share-based compensation expense 6,825 7,694
Unrealized foreign exchange (gains) losses (1,943) 329
Changes in operating assets and liabilities:    
Increase in receivables and other operating assets (912) (5,327)
Decrease in non-current operating assets 2,041  
(Decrease) increase in payables and deferred revenue (2,796) 5,385
Net cash used in operating activities (50,538) (13,821)
Cash flows from investing activities    
Acquisition of property, plant and equipment (4,840) (10,095)
Acquisition of intangibles (1,024) (31)
Proceeds from sale of property, plant and equipment   122
Maturity of short-term deposits 49,497  
Investment in short-term deposits (42,837) (28,594)
Investment in restricted cash   (3,065)
Net cash provided by (used in) investing activities 796 (41,663)
Cash flows from financing activities    
Proceeds from issuance of common stock upon initial public offering, net of issuance costs of $13,387   175,989
Net cash provided by financing activities   175,989
Effect of currency exchange rate changes on cash and cash equivalents (4,081) (4,951)
Net (decrease) increase in cash and cash equivalents (53,823) 115,554
Cash and cash equivalents at start of period 194,263 101,664
Cash and cash equivalents at end of period $ 140,440 $ 217,218