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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income (loss) $ (56,731) $ (90,935)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 153 153
Amortization of premiums and discounts on investments 173 0
Amortization of debt issuance costs 398 400
Non-cash interest expense related to the revenue interest liability 11,015 4,925
Stock-based compensation expense 4,436 5,751
Changes in assets and liabilities:    
Accounts receivable (2,182) (4,942)
Prepaids and other assets 764 (4,866)
Deferred revenue (2,100) 881
Inventories (1,260) (3,894)
Accounts payable 9,393 (21,583)
Other accrued liabilities (3,049) 25,042
Net cash used in operating activities (38,990) (89,068)
Investing activities    
Purchases of investments (18,102) 0
Net cash used in investing activities (18,102) 0
Financing activities    
Proceeds from exercise of common stock options 0 2,668
Payments on revenue interest liability (1,217) (573)
Payment of issuance costs (219) (50)
Net cash (used in) provided by financing activities (1,436) 2,045
Net decrease in cash and cash equivalents (58,528) (87,023)
Cash, cash equivalents and restricted cash at beginning of period 258,892 304,962
Cash, cash equivalents and restricted cash at end of period 200,364 217,939
Supplemental disclosure of cash flow information:    
Debt issuance costs not yet paid 0 445
Non cash right of use asset $ 6 $ 4