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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (155,837) $ (160,199)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 15,569 14,364
Noncash lease expense 5,491 5,423
Share-based compensation expense 47,352 41,183
Intangible assets amortization 1,270 1,270
Investment amortization (6,225) 1,825
Inventory reserve 931 2,638
Noncash interest expense 4,563 653
Other 165 (20)
Changes in operating assets and liabilities    
Accounts receivable, net 8,798 (9,139)
Inventory (6,815) (2,212)
Prepaid expenses and other current assets (3,964) 601
Accounts payable and accrued liabilities (10,746) (3,419)
Operating lease right-of-use assets and liabilities (6,688) (3,041)
Deferred revenue (23,180) (44,018)
Other (76) 165
Net cash used in operating activities (129,392) (153,926)
Investing activities    
Purchases of property and equipment (9,399) (13,807)
Purchases of marketable securities (307,563) (113,744)
Proceeds from maturities of marketable securities 443,402 228,000
Net cash provided by investing activities 126,440 100,449
Financing activities    
Proceeds from exercise of stock options 2,158 7,568
Proceeds from revenue interest purchase agreement, net of issuance costs   124,691
Net cash provided by financing activities 2,158 132,259
Net (decrease) increase in cash, cash equivalents and restricted cash (794) 78,782
Cash, cash equivalents and restricted cash at beginning of year 92,428 141,203
Cash, cash equivalents and restricted cash at end of period 91,634 219,985
Noncash investing and financing activities    
Purchases of equipment included in accounts payable and accrued liabilities 1,308 2,619
Revenue interest purchase agreement issuance costs included in accounts payable and accrued liabilities   $ 316
Supplemental disclosure of cash flow information    
Cash paid for interest $ 7,089