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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net loss $ (190,956) $ (156,800)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 44,733 31,355
Amortization of right of use asset 6,184 4,813
Depreciation and amortization 4,042 738
Accretion (amortization) of discounts and premiums on investments 995 3,862
Loss on write-off of fixed assets 314 0
Changes in assets and liabilities:    
Prepaid expenses, other assets and long-term assets (2,661) (3,038)
Operating lease liabilities, net of tenant improvement allowance received 902 (2,890)
Accounts payable 65 4,950
Accrued expenses and other liabilities (15,055) 611
Net cash used in operating activities (151,437) (116,399)
Cash Flows from Investing Activities    
Maturities of investments 284,136 320,151
Purchase of investments (85,841) (381,784)
Purchase of property and equipment (16,016) (20,321)
Net cash provided by / (used in) investing activities 182,279 (81,954)
Cash Flows from Financing Activities    
Tax payments related to shares withheld for vested restricted stock units (2,649) 0
Proceeds from the issuance of common stock upon purchase of employee stock purchase plan 582 0
Proceeds from the issuance of common stock upon exercise of options 1,417 10,191
Proceeds from the issuance of common stock, net 0 203,155
Proceeds from the issuance of debt 0 1,000
Net cash (used in) / provided by financing activities (650) 214,346
Net increase in cash, cash equivalents and restricted cash 30,192 15,993
Cash, Cash Equivalents and Restricted Cash Beginning of Period 84,313 72,854
Cash, Cash Equivalents and Restricted Cash End of Period 114,505 88,847
Supplemental disclosure of non-cash investing and financing activities:    
Net unrealized (loss) gain on investments (2,096) 14
Acquisition of property and equipment included in accounts payable and accrued expenses 967 6,472
Conversion of convertible preferred stock to common stock 0 (1)
Lease liabilities arising from obtaining right-of-use asset from new leases 553 0
Lease liabilities arising from obtaining right-of-use asset from lease modifications $ 7,493 $ 555