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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (123,399) $ (298,810)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 3,124 3,745
Stock-based compensation expense 16,013 30,509
Gain from sale of priority review voucher (92,930) 0
Loss (gain) on equity securities 0 3,135
Excess inventory reserve 5,333 7,519
Other non-cash items 19 2,890
Changes in operating assets and liabilities:    
Accounts receivable (23,000) 0
Prepaid expenses and other assets (523) (6,197)
Inventory (24,931) 0
Operating lease right-of-use assets 40,101 29,650
Accounts payable (5,787) (7,552)
Accrued expenses and other liabilities 7,125 (39,046)
Operating lease liabilities (30,506) (22,523)
Deferred revenue 8,152 0
Net cash used in operating activities (221,209) (296,680)
Cash flows from investing activities:    
Purchase of property, plant and equipment (2,975) (8,100)
Purchases of marketable securities (43,297) 0
Proceeds from maturities of marketable securities 99,521 125,095
Proceeds from sales of marketable securities 5,853 30,216
Purchase of intangible assets (868) 0
Proceeds from sale of priority review voucher 92,930 0
Net cash provided by investing activities 151,164 147,211
Cash flows from financing activities:    
Proceeds from exercise of stock options and ESPP contributions 93 3
Net cash provided by financing activities 129,969 54,368
(Decrease) increase in cash, cash equivalents and restricted cash 59,924 (95,101)
Cash, cash equivalents and restricted cash at beginning of period 158,445 206,693
Cash, cash equivalents and restricted cash at end of period 218,369 111,592
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 165,347 66,478
Restricted cash included in other current assets 8,885 1,565
Restricted cash included in restricted cash and other non-current assets 44,137 43,549
Total cash, cash equivalents and restricted cash 218,369 111,592
Supplemental cash flow disclosures from investing and financing activities:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 941 176
Offering expenses accrued or in accounts payable 248 298
Right-of-use assets obtained in exchange for operating lease liabilities 44,819 229,636
Increase (Reduction) of right of use asset and associated lease liability due to lease reassessment 8,003 (2,833)
Cash paid during the period for income taxes 5 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 $ 130,072 $ 54,365