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Leases
9 Months Ended
Sep. 30, 2022
Lessee Disclosure [Abstract]  
Leases

8. Leases

We have operating lease agreements for laboratory, office and warehouse facilities in Seattle, Washington, Bothell, Washington, South San Francisco, California and New York City, New York. As of September 30, 2022, we were not party to any finance leases.

The following table reconciles our undiscounted operating lease cash flows to our operating lease liabilities, less current portion balance as of September 30, 2022 (in thousands):

 

2022 (excluding the nine months ended September 30, 2022)

 

$

3,488

 

2023

 

 

13,964

 

2024

 

 

13,692

 

2025

 

 

14,098

 

2026

 

 

12,330

 

Thereafter

 

 

81,188

 

Total undiscounted lease payments

 

 

138,760

 

Less:

 

 

 

   Imputed interest rate

 

 

(28,517

)

   Tenant improvement receivables

 

 

(1,194

)

Total operating lease liabilities

 

 

109,049

 

Less: Current portion

 

 

(8,528

)

Operating lease liabilities, less current portion

 

$

100,521

 

 

During the nine months ended September 30, 2022, cash paid for amounts included in the measurement of lease liabilities was $6.9 million, net of $4.0 million of cash received for tenant improvement allowances. Cash paid for amounts included in the measurement of lease liabilities was $5.6 million and cash received for tenant improvement allowances was $11.5 million during the nine months ended September 30, 2021.

We previously entered into a $2.1 million letter of credit with one of our financial institutions in connection with one of our leases.