Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (46,580) $ (14,466)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,419 2,702
Common stock contribution to 401(k) 1,134 1,046
Stock-based compensation expense 1,246 4,056
Accrued interest on interest bearing obligations 611 495
Revaluation of contingent warrant liabilities 16,538 (2,850)
Restructuring charge related to long-lived assets 2,081 0
Amortization of discount and final payment fee on debt and debt issuance costs 939 661
Unrealized (gain) loss on foreign currency exchange (383) 1,876
Unrealized loss (gain) on foreign exchange options 611 (156)
Other non-cash adjustments 9 11
Changes in assets and liabilities:    
Trade and other receivables, net 5,851 9,805
Prepaid expenses and other assets 706 (1,601)
Accounts payable and accrued liabilities (1,594) (2,505)
Deferred revenue (1,793) (12,382)
Other liabilities (62) (25)
Net cash used in operating activities (18,267) (13,333)
Cash flows from investing activities:    
Purchase of investments (11,990) 0
Net purchase of property and equipment (1,121) (2,253)
Net cash used in investing activities (13,111) (2,253)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 39,426 9,910
Proceeds from issuance of long-term debt (47) 20,102
Principal payments of debt (1,428) 0
Net cash provided by financing activities 37,951 30,012
Effect of exchange rate changes on cash 0 (573)
Net increase in cash and cash equivalents 6,573 14,426
Cash and cash equivalents at the beginning of the period 48,344 [1] 37,304
Cash and cash equivalents at the end of the period 54,917 51,157
Cash paid for:    
Interest 466 0
Income taxes 0 15
Non-cash investing and financing activities:    
Discount on long-term debt 0 (8,899)
Issuance of contingent warrant liabilities (6,376) 0
Interest added to principal balances on long-term debt $ 598 $ 170
[1] The condensed consolidated balance sheet as of December 31, 2011 has been derived from the audited financial statements as of that date included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011.