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, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net loss $ (70,889) $ (32,743) $ (68,756)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 4,124 5,357 5,721
Common stock contribution to 401(k) 1,134 1,046 905
Stock-based compensation expense 4,284 7,759 4,913
Accrued interest on interest bearing obligations 1,186 1,023 353
Revaluation of contingent warrant liabilities 9,172 (3,866) (2,283)
Restructuring charge related to long-lived assets 2,460 0 0
Amortization of debt discount, final payment fee on debt, and debt issuance costs 1,958 1,360 0
Unrealized loss on foreign currency exchange 295 513 0
Unrealized loss on foreign exchange options 714 298 0
Warrant modification expense 0 0 4,500
Other non-cash adjustments 18 107 19
Changes in assets and liabilities:      
Trade and other receivables, net 4,064 8,532 (13,633)
Prepaid expenses and other assets (158) (2,469) 199
Accounts payable and accrued liabilities 4,309 (2,144) 2,650
Deferred revenue (3,511) (13,794) 13,122
Other liabilities 75 (41) (247)
Net cash used in operating activities (40,765) (29,062) (52,537)
Cash flows from investing activities:      
Purchases of investments (56,970) 0 0
Proceeds from maturities of investments 17,000 0 0
Purchase of property and equipment (2,509) (3,304) (339)
Proceeds from Sale of property and equipment 463 0 0
Net used in investing activities (42,016) (3,304) (339)
Cash flows from financing activities:      
Proceeds from issuance of common stock, net of issuance costs 77,491 15,143 70,771
Proceeds from issuance of long-term debt, net of issuance costs 4,434 28,836 0
Principal payments of debt (2,143) 0 0
Payment for modification of warrants 0 0 (4,500)
Net cash provided financing activities 79,782 43,979 66,271
Effect of exchange rate changes on cash 0 (573) 0
Net increase in cash and cash equivalents (2,999) 11,040 13,395
Cash and cash equivalents at the beginning of the period 48,344 37,304 23,909
Cash and cash equivalents at the end of the period 45,345 48,344 37,304
Cash paid during the year for:      
Interest 1,035 7 0
Income taxes 0 15 16
Non-cash investing and financing activities:      
Discount on long-term debt (55) (9,114) 0
Issuance of contingent warrant liabilities, net of extinguishments 5,450 0 1,767
Interest added to principal balances on long-term debt $ 1,160 $ 669 $ 353