XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net loss $ (40,179) $ (24,664)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on convertible notes 589 844
Depreciation and amortization expense 674 118
Write down of property and equipment 0 63
Stock-based compensation 7,900 3,961
Accretion of discount (amortization of premium) on investments, net 620 (63)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (842) (271)
Accounts payable and accrued expenses 7,047 (1,932)
Operating lease liabilities (15) (452)
Finance lease liability (63) 151
Other long term liabilities (14) 0
Net cash used in operating activities (24,283) (22,245)
Investing activities:    
Purchases of investments (103,815) (23,481)
Proceeds from maturities of investments 74,969 56,805
Payments made to acquire right of use asset 0 (530)
Purchases of property and equipment (328) (5,207)
Purchases of internal use software 0 (88)
Net cash (used in) provided by investing activities (29,174) 27,499
Financing activities:    
Issuance of common stock, pursuant to exercise of stock options 8,792 0
Common stock repurchase 0 (72)
Proceeds from sale of treasury stock 0 53
Convertible notes refinancing costs to the lender 0 (98)
Net cash provided by (used in) financing activities 8,792 (117)
Net change in cash, cash equivalents and restricted cash (44,665) 5,137
Cash, cash equivalents and restricted cash at beginning of period 298,666 186,908
Cash, cash equivalents and restricted cash at end of period 254,001 192,045
Supplemental disclosure of non-cash financing and investing activities:    
Accrued purchases of property and equipment 337 2,796
Accrued purchases of internal use software 311 174
Retirement of treasury stock 0 72
Witholding tax payable on shares witheld in treasury stock 0 429
Unrealized loss on investments (33) (95)
Finance lease right of use asset and lease liability 0 20,179
Reclassification of construction in process to finance right of use asset 325 26,465
Supplemental cash flow information:    
Cash paid for interest $ 1,347 $ 1,495