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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Cash flows from operating activities: | |||
| Net loss | $ (38,301)us-gaap_NetIncomeLoss | $ (124,058)us-gaap_NetIncomeLoss | $ (71,065)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation | 1,856us-gaap_Depreciation | 2,575us-gaap_Depreciation | 4,124us-gaap_Depreciation |
| Common stock contribution to 401(k) | 870us-gaap_NoncashContributionExpense | 828us-gaap_NoncashContributionExpense | 1,134us-gaap_NoncashContributionExpense |
| Stock-based compensation expense | 10,772us-gaap_ShareBasedCompensation | 5,099us-gaap_ShareBasedCompensation | 4,284us-gaap_ShareBasedCompensation |
| Accrued interest on interest bearing obligations | (1,444)us-gaap_DebtInstrumentIncreaseAccruedInterest | 2,284us-gaap_DebtInstrumentIncreaseAccruedInterest | 1,186us-gaap_DebtInstrumentIncreaseAccruedInterest |
| Revaluation of contingent warrant liabilities | (45,773)xoma_UnrealizedGainLossOnWarrants | 61,039xoma_UnrealizedGainLossOnWarrants | 9,172xoma_UnrealizedGainLossOnWarrants |
| Restructuring charge related to long-lived assets | 0us-gaap_AssetImpairmentCharges | 0us-gaap_AssetImpairmentCharges | 2,460us-gaap_AssetImpairmentCharges |
| Amortization of debt discount, final payment fee on debt, and debt issuance costs | 2,707us-gaap_AmortizationOfFinancingCostsAndDiscounts | 2,470us-gaap_AmortizationOfFinancingCostsAndDiscounts | 1,958us-gaap_AmortizationOfFinancingCostsAndDiscounts |
| Loss on sale and retirement of property and equipment | 0us-gaap_GainLossOnDispositionOfAssets | 281us-gaap_GainLossOnDispositionOfAssets | 29us-gaap_GainLossOnDispositionOfAssets |
| Unrealized loss on foreign currency exchange | (2,280)us-gaap_ForeignCurrencyTransactionGainLossUnrealized | 662us-gaap_ForeignCurrencyTransactionGainLossUnrealized | 295us-gaap_ForeignCurrencyTransactionGainLossUnrealized |
| Unrealized loss on foreign exchange options | 355us-gaap_UnrealizedGainLossOnDerivatives | 127us-gaap_UnrealizedGainLossOnDerivatives | 714us-gaap_UnrealizedGainLossOnDerivatives |
| Other non-cash adjustments | (9)us-gaap_OtherNoncashIncomeExpense | (20)us-gaap_OtherNoncashIncomeExpense | (11)us-gaap_OtherNoncashIncomeExpense |
| Changes in assets and liabilities: | |||
| Trade and other receivables, net | 472us-gaap_IncreaseDecreaseInReceivables | 4,486us-gaap_IncreaseDecreaseInReceivables | 4,064us-gaap_IncreaseDecreaseInReceivables |
| Prepaid expenses and other assets | (662)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 481us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (158)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable and accrued liabilities | (3,774)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 2,901us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 4,485us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Deferred revenue | (2,983)us-gaap_IncreaseDecreaseInDeferredRevenue | (3,399)us-gaap_IncreaseDecreaseInDeferredRevenue | (3,511)us-gaap_IncreaseDecreaseInDeferredRevenue |
| Other liabilities | (88)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | (1,671)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 75us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
| Net cash used in operating activities | (78,282)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (45,915)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (40,765)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities: | |||
| Purchases of investments | 0us-gaap_PaymentsToAcquireShortTermInvestments | (19,991)us-gaap_PaymentsToAcquireShortTermInvestments | (56,970)us-gaap_PaymentsToAcquireShortTermInvestments |
| Proceeds from maturities of investments | 20,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments | 40,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments | 17,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments |
| Purchase of property and equipment | (325)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,169)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (2,509)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sale of property and equipment | 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 463us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Net cash provided by (used in) investing activities | 19,675us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 18,840us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (42,016)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock, net of issuance costs | 41,442us-gaap_ProceedsFromIssuanceOfCommonStock | 84,338us-gaap_ProceedsFromIssuanceOfCommonStock | 76,498us-gaap_ProceedsFromIssuanceOfCommonStock |
| Proceeds from the exercise of warrants | 35us-gaap_ProceedsFromWarrantExercises | 2,176us-gaap_ProceedsFromWarrantExercises | 993us-gaap_ProceedsFromWarrantExercises |
| Proceeds from issuance of long-term debt, net of issuance costs | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt | 4,434us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Principal payments of debt | (5,917)us-gaap_RepaymentsOfLongTermDebt | (3,125)us-gaap_RepaymentsOfLongTermDebt | (2,143)us-gaap_RepaymentsOfLongTermDebt |
| Net cash provided financing activities | 35,560us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 83,389us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 79,782us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rate changes on cash | (167)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net (decrease) increase in cash and cash equivalents | (23,214)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 56,314us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (2,999)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at the beginning of the period | 101,659us-gaap_CashAndCashEquivalentsAtCarryingValue | 45,345us-gaap_CashAndCashEquivalentsAtCarryingValue | 48,344us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at the end of the period | 78,445us-gaap_CashAndCashEquivalentsAtCarryingValue | 101,659us-gaap_CashAndCashEquivalentsAtCarryingValue | 45,345us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid during the year for: | |||
| Interest | 3,009us-gaap_InterestPaid | 1,262us-gaap_InterestPaid | 1,035us-gaap_InterestPaid |
| Non-cash investing and financing activities: | |||
| Issuance of warrants | 10,258xoma_IssuanceOfWarrantLiabilities | 0xoma_IssuanceOfWarrantLiabilities | 6,390xoma_IssuanceOfWarrantLiabilities |
| Reclassification of contingent warrant liability to equity upon exercise of warrants | (2,526)xoma_ReclassificationOfContingentWarrantLiabilityToEquityExerciseOfWarrants | (6,171)xoma_ReclassificationOfContingentWarrantLiabilityToEquityExerciseOfWarrants | (940)xoma_ReclassificationOfContingentWarrantLiabilityToEquityExerciseOfWarrants |
| Interest added to principal balances on long-term debt | 313xoma_InterestAddedPrincipalBalancesLongTermDebt | 935xoma_InterestAddedPrincipalBalancesLongTermDebt | 1,160xoma_InterestAddedPrincipalBalancesLongTermDebt |
| Investment in Symplmed Pharmaceuticals, LLC | 0us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 | 171us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 | 0us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 |
| Discount on long-term debt | $ 0xoma_DiscountOnLongTermDebt | $ 0xoma_DiscountOnLongTermDebt | $ (55)xoma_DiscountOnLongTermDebt |
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Increase for accrued, but unpaid interest on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Noncash charitable contributions made by the entity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of investments that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from maturities, prepayments, calls and collections of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock warrants. No definition available.
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of debt discount that recognized at the issuance of the instrument that has yet to be amortized during the period. No definition available.
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- Definition
Unpaid interest added to the outstanding principal amount on long-term debt. No definition available.
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- Definition
Noncash value of warrants and rights issued. "Equity warrants and rights outstanding" represents derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. No definition available.
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- Definition
Noncash value related to the reclassification of a contingent warrant liability to equity upon exercise of warrants during the reporting period No definition available.
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- Definition
The increases (decreases) in the market value of warrants whose gains (losses) were included in earnings. No definition available.
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