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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (205,808) $ (202,611)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration 369 (3,108)
Depreciation and amortization 5,360 4,880
Stock-based compensation expense 42,527 36,293
(Gain) loss on equity securities (28,372) 4,520
Other non-cash items 2,513 (1,387)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (8,979) (9,285)
Inventory (7,103) (1,699)
Operating lease right-of-use assets 8,098 5,842
Accounts payable 67 (9,519)
Accrued expenses and other liabilities (184) (20,557)
Operating lease liabilities (9,306) (5,070)
Deferred revenue (990) (2,118)
Collaboration research advancement (1,519) (2,302)
Net cash used in operating activities (203,327) (206,121)
Cash flows from investing activities:    
Purchase of property, plant and equipment (7,626) (10,676)
Purchases of marketable securities (53,200) (101,421)
Proceeds from maturities of marketable securities 350,860 336,675
Proceeds from sales of marketable securities 31,318 0
Net cash provided by investing activities 321,352 224,578
Cash flows from financing activities:    
Proceeds from exercise of stock options and ESPP contributions 3,796 963
Net cash provided by financing activities 3,796 963
Increase in cash, cash equivalents and restricted cash 121,821 19,420
Cash, cash equivalents and restricted cash at beginning of period 373,728 381,709
Cash, cash equivalents and restricted cash at end of period 495,549 401,129
Reconciliation of cash, cash equivalents and restricted cash:    
Total cash, cash equivalents and restricted cash 495,549 401,129
Supplemental cash flow disclosures from investing and financing activities:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 2,238 1,125
Right-of-use assets obtained in exchange for operating lease liabilities 22,049 14,425
Issuance of unrestricted stock awards to settle accrued employee compensation $ 12,013 $ 0