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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (131,500) $ (132,725)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 12,034 11,401
Depreciation and amortization 3,826 4,478
Amortization of debt issuance costs 1,119 1,260
Allowance for excess inventory 9,712  
Other 751 1,908
Changes in operating assets and liabilities:    
Accounts receivable 7,332 2,331
Inventory 9,263 6,525
Prepaid and accrued research and development expenses (9,453) (1,736)
Other operating assets and liabilities 115 (3,963)
Accounts payable (2,518) (4,551)
Other accrued expenses 5,697 6,427
Net cash used in operating activities (93,622) (108,645)
Investing activities    
Purchases of property and equipment (108) (154)
Net cash used in investing activities (108) (154)
Financing activities    
Proceeds from sale of common stock, net of issuance costs 28,628 72,472
Proceeds from borrowings under financing agreement 17,981 27,154
Proceeds from the exercise of stock options and employee stock purchases 392 683
Payments on finance leases   (780)
Payments on other long-term liabilities   (213)
Net cash provided by financing activities 47,001 99,316
Effect of exchange rate changes on cash and cash equivalents (2,120) (542)
Decrease in cash and cash equivalents (48,849) (10,025)
Cash and cash equivalents at beginning of period 143,428 240,229
Cash and cash equivalents at end of period 94,579 230,204
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,099 5,167
Non-cash investing and financing activities:    
Vesting of restricted stock units $ 2,225 $ 8,274