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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (38,608) $ (29,711)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation 9,426 8,080
Depreciation of property and equipment 1,017 117
Non-cash lease expense 215 594
Non-cash interest expense, net 1,228 997
Changes in assets and liabilities:    
Accounts receivable, net (2,370) 7
Accounts receivable from related party 14 (9,980)
Inventory (2,046) 0
Prepaids and other current assets (2,162) 583
Other assets 32 (4)
Accounts payable (1,329) 1,201
Operating lease liabilities (664) 6,342
Other liabilities (960) 418
Deferred revenue from related party 45,038 (211)
Net cash provided by (used in) operating activities 8,831 (21,567)
Investing activities    
Purchases of property and equipment, net (224) (10,880)
Purchases of investments (91,498) (95,278)
Maturities of investments 70,385 166,826
Net cash (used in) provided by investing activities (21,337) 60,668
Financing activities    
Proceeds from exercise of stock options and employee stock purchase plan 6,231 2,163
Employees' tax withheld and paid for with restricted stock units (3,126) (5,013)
Net cash provided by (used in) financing activities 3,105 (2,850)
Net (decrease) increase in cash, cash equivalents and restricted cash (9,401) 36,251
Cash, cash equivalents and restricted cash at beginning of period 51,058 33,377
Cash, cash equivalents and restricted cash at end of period 41,657 69,628
Supplemental disclosures of cash flow information    
Cash paid for interest 488 509
Right-of-use assets obtained in exchange for lease obligations 1 300
Purchases of property and equipment, net recorded in accounts payable and accrued liabilities $ 6 $ 2,807