XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss $ (160,199) $ (145,941)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 14,364 7,834
Noncash lease expense 5,423 5,259
Share-based compensation expense 41,183 31,376
Intangible assets amortization 1,270 1,270
Investment amortization 1,825 5,956
Research and development inventory reserve 2,638  
Interest expense 653  
Other (20) (9)
Changes in operating assets and liabilities    
Accounts receivable, net (9,139) (7,075)
Inventory (2,212) (4,168)
Prepaid expenses and other current assets 601 (2,239)
Accounts payable and accrued liabilities (3,419) 5,518
Operating lease right-of-use assets and liabilities (3,041) 9,935
Deferred revenue (44,018) (46,345)
Other 165 (272)
Net cash used in operating activities (153,926) (138,901)
Investing activities    
Purchases of property and equipment (13,807) (52,501)
Purchases of marketable securities (113,744) (238,001)
Proceeds from maturities of marketable securities 228,000 404,500
Net cash provided by investing activities 100,449 113,998
Financing activities    
Proceeds from exercise of stock options 7,568 23,439
Proceeds from revenue interest purchase agreement, net of issuance costs 124,691  
Proceeds from initial capital contributions for Digital Biotechnologies, Inc.   429
Net cash provided by financing activities 132,259 23,868
Net increase (decrease) in cash, cash equivalents and restricted cash 78,782 (1,035)
Cash, cash equivalents and restricted cash at beginning of year 141,203 125,574
Cash, cash equivalents and restricted cash at end of period 219,985 124,539
Noncash investing and financing activities    
Purchases of equipment included in accounts payable and accrued liabilities 2,619 $ 8,133
Revenue interest purchase agreement issuance costs included in accounts payable and accrued liabilities $ 316