financeAllos Therapeutics, Inc., is a biopharmaceutical company that develops drugs for the treatment of cancer. Allos Therapeutics reported the following financial data (in thousands) for three recent years:
$$
\begin{array}{lccc}
& \textbf { Year 3 } & \textbf { Year 2 } & \textbf { Year 1 } \\
\hline \text { Cash and cash equivalents } & \$ 48,402 & \$ 141,423 & \$ 30,696 \\
\text { Net cash flows from operations } & (63,656) & (62,199) & (42,850)
\end{array}
$$
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