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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 133,414 $ (82,126)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on equity investments (147,322) (11,828)
Fair value adjustments (76,391) 21,864
Depreciation and amortization 2,925 2,095
Stock-based compensation 22,653 19,561
Noncash (accretion) investment amortization (2,858) 1,719
Loss (gain) on disposal of property and equipment 63 (4)
Decrease (increase) in assets, net of acquisition:    
Accounts receivable, net 46,301 13,489
Unbilled and other receivables (1,448) (4,095)
Reduction in the carrying amount of right of use assets 3,720 3,140
Prepaid expenses and other assets (11,408) (8,721)
Increase (decrease) in liabilities, net of acquisition:    
Accounts payable 192 (2,979)
Income taxes payable 4,779 41
Accrued payroll, taxes, and benefits (3,554) (1,872)
Deferred revenue (21,235) (17,887)
Lease liabilities (1,584) 364
Other accrued liabilities 2,216 2,861
Net cash used in operating activities (49,537) (64,378)
Cash flows from investing activities:    
Purchases of property and equipment (6,007) (3,670)
Purchases of equity investments (4,125) (600)
Distribution from equity investment 147,117 11,828
Acquisition, net of acquired cash 0 (6,427)
Purchases of marketable securities (125,714) (111,215)
Proceeds from maturity of marketable securities 228,174 180,710
Net cash provided by investing activities 239,445 70,626
Cash flows from financing activities:    
Issuances of common stock upon stock option exercises 5,565 1,304
Payment of offering costs (174) 0
Net cash provided by financing activities 5,391 1,304
Net increase in cash and cash equivalents and restricted cash 195,299 7,552
Cash and cash equivalents and restricted cash, beginning of period 95,717 123,267
Cash and cash equivalents and restricted cash, end of period 291,016 130,819
Supplemental disclosure of cash flow and noncash information    
Cash paid for income taxes 918 171
Supplemental disclosure of non-cash investing and financing activities    
Accrued offering costs 199 0
Purchases of property and equipment in accounts payable 2,935 80
Purchases of property and equipment in accrued liabilities 30 0
Acquisition of right to use assets, contingency resolution 514 1,513
Acquisition of right of use assets in exchange for lease liabilities $ 6,333 $ 14,767