XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (121,077) $ (59,203)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 644 750
Net amortization of premiums and discounts on investments 0 (86)
Stock-based compensation 13,549 5,183
Other non-cash items 119 110
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (4,104) (2,460)
Other assets (617) (700)
Accounts payable (2,429) (2,766)
Accrued expenses 16,047 2,367
Operating lease assets 1,548 1,235
Operating lease liabilities (1,236) (990)
Deferred revenue (32) (817)
Net cash used in operating activities (97,588) (57,377)
Cash flows from investing activities    
Maturities of marketable securities 0 37,500
Purchase of property and equipment (493) (285)
Net cash provided by (used in) investing activities (493) 37,215
Cash flows from financing activities    
Proceeds from exercise of stock options 1,545 1,732
Proceeds from purchases of common stock under ESPP 417 333
Payment of employee tax obligations related to vesting of restricted stock units (259) 0
Proceeds from issuance of debt, net of issuance costs 0 (197)
Payments under capital lease obligations (139) (87)
Net cash provided by financing activities 34,851 228,747
Increase (decrease) in cash, cash equivalents and restricted cash (63,230) 208,585
Cash, cash equivalents and restricted cash, beginning of period 255,415 62,672
Cash, cash equivalents and restricted cash, end of period 192,185 271,257
Supplemental disclosures of non-cash activities:    
Purchases of property and equipment in accounts payable and accrued expenses 46 0
Cash paid for interest 187 173
Right-of-use assets obtained in exchange for operating lease liabilities 3,783 9,980
Right-of-use assets obtained in exchange for financing lease liabilities 609 0
Public Stock Offering    
Cash flows from financing activities    
Net proceeds from public offering of common stock 0 163,990
Net proceeds from the at-the-market (ATM) facility 0 163,990
At Market Equity Offering Program    
Cash flows from financing activities    
Net proceeds from public offering of common stock 33,287 62,976
Net proceeds from the at-the-market (ATM) facility $ 33,287 $ 62,976