Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Jun. 30, 2015
Cash flows from operating activities        
Net loss $ (23,000) $ (70,138) $ (71,579) $ (22,058)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 1,176 5,032 3,126 705
Amortization 69 391 160 30
Share-based compensation expense 3,568 10,804 8,821 7,078
Realized loss on available-for-sale debt securities   646    
Unrealized foreign exchange gains (2,867) (8,599) (1,314) 13
Other   341 122  
Changes in operating assets and liabilities:        
Increase in receivables and other operating assets (4,243) (7,346) (6,533) (7,812)
Decrease (increase) in non-current operating assets (4,736) 2,115 2,221  
Increase (decrease) in payables and deferred revenue 11,971 12,439 16,808 (7,622)
Net cash used in operating activities (18,062) (54,315) (48,168) (29,666)
Cash flows from investing activities        
Acquisition of property, plant and equipment (9,628) (24,643) (11,506) (5,080)
Acquisition of intangibles (210) (369) (1,279)  
Proceeds from disposal of property, plant and equipment   550   122
Maturity of short-term deposits 16,645 40,625 73,377  
Investment in short-term deposits (16,645) (18,000) (42,837) (53,879)
Maturity or redemption of marketable securities   29,090    
Investment in marketable securities   (153,334)    
Net cash (used in) provided by investing activities (9,838) (126,081) 17,755 (58,837)
Cash flows from financing activities        
Proceeds from issuance of common stock, net of issuance costs $4,774   103,167    
Proceeds from issuance of preferred shares, net of issuance costs of $4,949       98,872
Proceeds from issuance of common stock upon initial public offering, net of issuance costs of $13,387       175,989
Proceeds from exercise of stock options   401 17  
Net cash provided by financing activities   103,568 17 274,861
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (2,375) 2,328 (5,579) (8,491)
Net decrease in cash and cash equivalents (30,275) (74,500) (35,975) 177,867
Cash, cash equivalents and restricted cash at start of period 229,046 162,796 198,771 51,179
Cash, cash equivalents and restricted cash at end of period 198,771 88,296 162,796 229,046
Supplemental cash flow information        
Interest received 326 1,784 1,191  
Income taxes paid 95 $ 1,565 34 280
Deemed dividends       $ 14,735
Investment in restricted cash $ 4,666      
Allowance for tenant improvements     $ 2,607