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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net loss $ (225,304) $ (200,368) $ (207,298)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense 20,532 19,221 12,254
Noncash lease expense 6,920 7,227 7,028
Share-based compensation expense 62,908 55,477 43,251
Intangible assets amortization 1,699 1,699 1,699
Investment amortization (9,184) 741 7,233
Impairment of right-of-use and related long-lived assets 25,429    
Inventory reserve 1,387 2,638  
Noncash interest expense 5,300 985  
Other 172 (19) (78)
Changes in operating assets and liabilities      
Accounts receivable, net 2,032 (22,648) (7,362)
Inventory (2,838) 817 (5,200)
Prepaid expenses and other current assets (1,930) 3,551 1,286
Accounts payable and accrued liabilities (5,407) 7,111 3,940
Operating lease right-of-use assets and liabilities (8,676) (4,050) 8,522
Deferred revenue (29,291) (56,496) (57,727)
Other (73) 169 (275)
Net cash used in operating activities (156,324) (183,945) (192,727)
Investing activities      
Purchases of property and equipment (10,697) (16,349) (61,746)
Purchases of marketable securities (429,558) (278,778) (316,544)
Proceeds from maturities of marketable securities 569,902 298,032 559,500
Net cash provided by investing activities 129,647 2,905 181,210
Financing activities      
Proceeds from exercise of stock options 2,245 7,890 26,717
Proceeds from revenue interest purchase agreement, net of issuance costs   124,375  
Proceeds from initial capital contributions for Digital Biotechnologies, Inc.     429
Net cash provided by financing activities 2,245 132,265 27,146
Net (decrease) increase in cash, cash equivalents and restricted cash (24,432) (48,775) 15,629
Cash, cash equivalents and restricted cash at beginning of year 92,428 141,203 125,574
Cash, cash equivalents and restricted cash at end of year 67,996 92,428 141,203
Noncash investing activities      
Purchases of equipment included in accounts payable and accrued liabilities 687 1,719 $ 682
Supplemental disclosure of cash flow information      
Cash paid for interest $ 8,985 $ 494