XML 33 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (211,843,000) $ (180,552,000) $ (145,437,000)
Items not involving cash:      
Depreciation and amortization of property and equipment 3,739,000 3,355,000 2,312,000
Amortization of intangible assets 2,793,000 4,160,000 3,113,000
Impairment of acquired IPR&D 0 0 768,000
Stock-based compensation (note 10e) 10,756,000 29,116,000 48,996,000
Amortization and impairment of operating lease right-of-use assets 3,051,000 2,764,000 1,906,000
Deferred income tax expense (recovery) (953,000) 266,000 (726,000)
Non-cash consideration from licensing agreement 0 (218,000) 0
Change in fair value of contingent consideration liability (note 17) 213,000 307,000 271,000
Change in fair value of investments in equity instruments (167,000) 0 0
Unrealized foreign exchange (gain) loss (433,000) (453,000) 504,000
Changes in non-cash operating working capital:      
Accounts receivable (266,000) (13,107,000) (1,828,000)
Prepaid expenses and other current assets (15,792,000) (3,519,000) (8,680,000)
Accounts payable and accrued liabilities 16,477,000 7,618,000 21,572,000
Operating lease liabilities (26,000) (1,140,000) (795,000)
Deferred revenue 0 0 (3,530,000)
Income taxes payable 0 0 (299,000)
Net cash used in operating activities (192,451,000) (151,403,000) (81,853,000)
Cash flows from financing activities:      
Proceeds from public offerings, net of issuance costs (note 10a) 0 300,910,000 188,231,000
Issuance of common shares on exercise of stock options (note 10e) 6,428,000 7,111,000 5,498,000
Issuance of common shares through employee stock purchase plan (note 10f) 2,070,000 1,111,000 598,000
Deferred financing fees (470,000) (113,000) (650,000)
Finance lease payments (17,000) (41,000) (16,000)
Net cash provided by financing activities 8,011,000 308,978,000 193,661,000
Cash flows from investing activities:      
Net redemptions (purchases) of short-term investments 157,881,000 13,325,000 (11,714,000)
Purchases of long-term investments 0 (50,500,000) 0
Acquisition of property and equipment (12,404,000) (4,310,000) (6,322,000)
Acquisition of intangible assets (881,000) (1,955,000) (7,556,000)
Net cash provided by (used in) investing activities 144,596,000 (43,440,000) (25,592,000)
Effect of exchange rate changes on cash and cash equivalents (325,000) (550,000) 30,000
Net change in cash and cash equivalents (40,169,000) 113,585,000 86,246,000
Cash and cash equivalents, beginning of year 242,036,000 128,451,000 42,205,000
Cash and cash equivalents, end of year 201,867,000 242,036,000 128,451,000
Supplemental disclosure of non-cash investing and finance items:      
Leased assets obtained in exchange for operating lease liabilities 24,609,000 2,407,000 7,026,000
Acquisition of property and equipment in accounts payable and accrued liabilities $ 1,933,000 $ 130,000 $ 607,000