XML 26 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net (loss) income $ (43,139) $ 9,570
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 6,640 5,384
Amortization of premium on marketable securities 909 2,632
Stock-based compensation 36,168 26,586
Abandonment of capitalized intangible assets 1,331 727
Equity received in connection with sale of financial assets   (3,300)
Change in fair value of equity securities 4,676 (39,206)
Impairment on equity securities 138 563
Loss on disposal of assets 132 17
Changes in operating assets and liabilities:    
Accounts receivable and contract asset 21,508 3,398
Interest receivable from marketable debt securities (392) 182
Prepaid expenses and other assets 1,031 (10,599)
Accounts payable 617 177
Accrued expenses (154) 4,505
Income taxes 388  
Lease liabilities and ROU assets 21,171 386
Deferred revenue (2,108) (79,665)
Net cash provided by (used in) operating activities 48,916 (78,643)
Cash flows from investing activities    
Purchase of marketable securities (317,058) (387,826)
Purchase of equity securities   (842)
Proceeds from sale of property and equipment   4
Purchase of intangible assets (3,977) (2,348)
Purchase of property and equipment (28,528) (6,979)
Proceeds from maturities and sale of marketable securities 205,290 343,882
Net cash used in investing activities (144,273) (54,109)
Cash flows from financing activities    
Proceeds from issuance of common stock upon exercise of stock awards 3,334 9,471
Proceeds from issuance of common stock from Employee Stock Purchase Plan 1,197 937
Net cash provided by financing activities 4,531 10,408
Net decrease in cash and cash equivalents (90,826) (122,344)
Cash and cash equivalents, beginning of period 143,480 163,544
Cash and cash equivalents, end of period 52,654 41,200
Cash paid for:    
Interest 13 13
Income taxes 72  
Supplemental disclosures of non-cash investing activities    
Unrealized loss on marketable securities $ (8,366) $ (149)