Component: (Network and Table)
Network
00500 - Statement - Condensed Consolidated Statements of Cash Flows
(http://www.exactsciences.com/role/StatementCondensedConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001124140 (http://www.sec.gov/CIK)
Condensed Consolidated Statements of Cash FlowsPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
Condensed Consolidated Statements of Cash Flows
 
 
 
Cash flows from operating activities:
 
 
 
Net loss
(167,211,000) 
(157,803,000) 
(100,048,000) 
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
Depreciation and amortization of fixed assets
11,309,000  
7,600,000  
3,710,000  
Loss on disposal of property and equipment
151,000  
40,000  
49,000  
Stock-based compensation
23,732,000  
18,050,000  
11,520,000  
Amortization of deferred license fees
  
(294,000) 
Amortization of other liabilities
(1,013,000) 
(573,000) 
 
Amortization of deferred financing costs
52,000  
44,000  
 
Forgiveness of long-term debt
 
(1,000,000) 
 
Amortization of premium on short-term investments
463,000  
1,323,000  
842,000  
Amortization of intangible assets
200,000  
150,000  
 
Proceeds from refundable tax credits
800,000  
  
Changes in assets and liabilities:
 
 
 
Accounts receivable, net
(3,593,000) 
(3,557,000) 
(1,376,000) 
Inventory, net
(156,000) 
(2,660,000) 
(4,017,000) 
Prepaid expenses and other current assets
761,000  
(3,057,000) 
(1,329,000) 
Accounts payable
(2,598,000) 
661,000  
1,886,000  
Accrued liabilities
7,349,000  
7,424,000  
8,064,000  
Lease incentive obligation
(312,000) 
(553,000) 
(487,000) 
Accrued interest
 
(106,000) 
22,000  
Net cash used in operating activities
(130,066,000) 
 
(134,017,000) 
 
(81,458,000) 
 
Cash flows from investing activities:
 
 
 
Purchases of marketable securities
(189,989,000) 
(205,054,000) 
(209,471,000) 
Maturities of marketable securities
193,321,000  
162,283,000  
104,172,000  
Purchases of property and equipment
(14,851,000) 
(20,084,000) 
(11,991,000) 
Purchases of intangible assets
 
(1,900,000) 
 
Net cash used in investing activities
(11,519,000) 
 
(64,755,000) 
 
(117,290,000) 
 
Cash flows from financing activities:
 
 
 
Proceeds from exercise of common stock options
3,411,000  
1,248,000  
2,640,000  
Proceeds from sale of common stock, net of issuance costs
144,242,000  
174,140,000  
238,580,000  
Payments on capital lease obligations
 
(360,000) 
(351,000) 
Proceeds from mortgage payable
 
5,062,000  
 
Payments on mortgage payable
(166,000) 
(44,000) 
 
Proceeds from New Market Tax Credit financing agreements
  
2,399,000  
Proceeds in connection with the Company's employee stock purchase plan
2,099,000  
1,719,000  
760,000  
Net cash provided by financing activities
149,586,000  
 
181,765,000  
 
244,028,000  
 
Effects of exchange rate on cash and cash equivalents
(215,000) 
11,000  
 
Net increase (decrease) in cash and cash equivalents
7,786,000  
 
(16,996,000) 
 
45,280,000  
 
Cash and cash equivalents, beginning of period
41,135,000  
58,131,000  
 
Cash and cash equivalents, end of period
48,921,000  
 
41,135,000  
 
58,131,000  
 
Supplemental disclosure of non-cash investing and financing activities:
 
 
 
Property and equipment acquired but not paid
655,000  
1,705,000  
546,000  
Unrealized gain on available-for-sale investments
230,000  
(329,000) 
(240,000) 
Issuance of 341,507, 21,826 and 32,666 shares of common stock to fund the Company's 401(k) matching contribution for 2015, 2014 and 2013, respectively
2,151,000  
836,000  
456,000  
Interest paid
209,000  
95,000  
29,000