XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (123,055) $ (134,603)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 303 306
Amortization of premiums and discounts on investments 372 0
Amortization of debt issuance costs 800 804
Non-cash interest expense related to the revenue interest liability 22,228 12,865
Stock-based compensation expense 7,963 14,335
Changes in assets and liabilities:    
Accounts receivable (4,910) (9,466)
Prepaids and other assets 2,754 1,990
Deferred revenue (1,078) 3,325
Inventories 5,162 (7,578)
Accounts payable (4,640) (22,182)
Other accrued liabilities 4,579 3,270
Net cash used in operating activities (89,522) (136,934)
Investing activities    
Purchases of investments (18,102) 0
Proceeds from sales/maturities of investments 5,000 0
Net cash used in investing activities (13,102) 0
Financing activities    
Proceeds from revenue interest liability, net of issuance costs 0 49,917
Proceeds from exercise of common stock options 0 2,836
Proceeds from issuance of common stock, net of issuance costs 20,209 0
Payments on revenue interest liability (3,318) (1,155)
Payment of issuance costs (219) (440)
Net cash provided by financing activities 16,672 51,158
Net decrease in cash and cash equivalents (85,952) (85,776)
Cash, cash equivalents and restricted cash at beginning of period 258,892 304,962
Cash, cash equivalents and restricted cash at end of period 172,940 219,186
Supplemental disclosure of cash flow information:    
Issuance costs not yet paid 36 0
Non cash right of use asset $ 12 $ 6