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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (186,337) $ (106,299)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,075 466
Stock-based compensation 54,073 21,012
Amortization (accretion) of premium (discount) on marketable securities (314) 25
Amortization of operating lease right-of-use asset 3,742 3,897
Amortization of issuance costs 26 26
Changes in assets and liabilities:    
Prepaid expenses and other current assets (2,165) (431)
Other assets 10,235 (35)
Accounts payable 12,864 (5,753)
Accrued and other current liabilities 1,545 15,459
Operating lease liability 6,959 347
Net cash used in operating activities (98,297) (71,286)
Cash flows from investing activities    
Purchase of property and equipment (25,690) (3,772)
Deposits on property and equipment (8,785) (16,962)
Purchase of marketable securities (427,766)
Maturities of marketable securities 0 24,500
Net cash provided by (used in) investing activities (462,241) 3,766
Cash flows from financing activities    
Proceeds from issuance of common stock upon options exercise 1,680 3,711
Proceeds from issuance of common stock pursuant to employee stock purchase plans 64 305
Principal payments of tenant improvement allowance payable (24) (22)
Net cash provided by financing activities 1,720 3,994
Net increase (decrease) in cash, cash equivalents and restricted cash (558,818) (63,526)
Cash, cash equivalents and restricted cash, at beginning of period 737,834 950,720
Cash, cash equivalents and restricted cash, at end of period 179,016 887,194
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets    
Cash and cash equivalents 172,692 880,870
Restricted cash 6,324 6,324
Cash, cash equivalents and restricted cash, at end of period 179,016 887,194
Supplemental disclosures of non-cash investing and financing information:    
Operating lease right-of-use asset obtained in exchange for operating lease liability 74 498
Purchase of property and equipment under accounts payable and accruals $ 9,718 $ 1,821