Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED CASH FLOW STATEMENTS

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CONDENSED CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (37,671) $ (16,513)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 1,512 365
Amortization 82  
Share-based compensation expense 4,541 6,292
Unrealized foreign exchange (gains) losses (2,004) 2,234
Changes in operating assets and liabilities:    
Decrease (increase) in receivables and other operating assets 601 (4,989)
Decrease in non-current operating assets 2,041  
Decrease in payables and deferred revenue (4,274) (934)
Net cash used in operating activities (35,172) (13,545)
Cash flows from investing activities    
Acquisition of property, plant and equipment (2,910) (3,117)
Acquisition of intangibles (861)  
Proceeds from sale of property, plant and equipment   122
Maturity of short-term deposits 41,661  
Investment in short-term deposits (42,837) (28,594)
Net cash used in investing activities (4,947) (31,589)
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 (3,250) (3,473)
Net (decrease) increase in cash and cash equivalents (43,369) 127,382
Cash and cash equivalents at start of period 194,263 101,664
Cash and cash equivalents at end of period $ 150,894 $ 229,046