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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (51,668) $ (222,290)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 2,052 2,358
Stock-based compensation expense 11,145 21,298
Gain from sale of priority review voucher (92,930) 0
Loss (gain) on equity securities 0 3,135
Excess inventory reserve 3,939 7,519
Other non-cash items 343 661
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (9,082) (9,629)
Inventory (16,496) 0
Operating lease right-of-use assets 24,102 17,636
Accounts payable (14,767) (1,175)
Accrued expenses and other liabilities 3,625 (28,565)
Operating lease liabilities (19,488) (10,602)
Deferred revenue (138) 0
Net cash used in operating activities (159,363) (219,654)
Cash flows from investing activities:    
Purchase of property, plant and equipment (937) (6,836)
Purchases of marketable securities (34,418) 0
Proceeds from maturities of marketable securities 26,521 108,225
Proceeds from sales of marketable securities 5,853 30,213
Purchase of intangible assets (868) 0
Proceeds from sale of priority review voucher 92,930 0
Net cash provided by investing activities 89,081 131,602
Cash flows from financing activities:    
Proceeds from exercise of stock options and ESPP contributions 85 0
Net cash provided by financing activities 130,011 8,043
(Decrease) increase in cash, cash equivalents and restricted cash 59,729 (80,009)
Cash, cash equivalents and restricted cash at beginning of period 158,445 206,693
Cash, cash equivalents and restricted cash at end of period 218,174 126,684
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 172,872 81,499
Restricted cash included in receivables and other current assets 1,364 1,635
Restricted cash included in restricted cash and other non-current assets 43,938 43,550
Total cash, cash equivalents and restricted cash 218,174 126,684
Supplemental cash flow disclosures from investing and financing activities:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 2,290 842
Right-of-use assets obtained in exchange for operating lease liabilities 44,968 218,836
Reduction of right of use asset and associated lease liability due to lease reassessment (14) 0
Cash paid during the period for income taxes 7 0
Private Placement    
Cash flows from financing activities:    
Proceeds from issuance of common stock (196) 0
Public Offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock $ 130,122 $ 8,043