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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (310,482) $ (258,569)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 65,260 51,345
Amortization of premium on marketable debt securities, net 3,380 2,511
Depreciation and amortization 8,569 6,488
Change in fair value of equity investments 19,513 51,665
Non-cash collaboration royalty revenue (10,261) (8,561)
Non-cash interest expense on liability related to the sale of future royalties 12,636 16,935
Other 386 511
Changes in operating assets and liabilities:    
Accounts receivable (8,902) (1,669)
Inventory (4,705) (2,174)
Prepaid expenses and other assets (6,793) (9,002)
Accounts payable, accrued, and other liabilities 41,260 (11,526)
Contract liabilities (4,639) (62,656)
Net cash used in operating activities (194,778) (224,702)
Investing activities:    
Purchase of property, plant, and equipment (63,107) (36,485)
Purchase of marketable debt securities (205,278) (664,347)
Proceeds from sale of marketable debt securities 42,950 70,548
Proceeds from maturities of marketable debt securities 297,304 406,614
Payment for intangible asset (30,000)  
Other (63)  
Net cash provided by (used in) investing activities 41,806 (223,670)
Financing activities:    
Proceeds from the issuance of common stock equity plan awards, net 7,738 25,503
Other (289) (226)
Net cash provided by financing activities 7,449 25,277
Effect of exchange rate changes on cash (1,346) (323)
Net decrease in cash, cash equivalents and restricted cash (146,869) (423,418)
Cash, cash equivalents and restricted cash at beginning of period 309,585 726,294
Cash, cash equivalents and restricted cash at end of period 162,716 302,876
Supplemental disclosures of non-cash information:    
Acquired lease liabilities arising from obtaining right-of-use assets 1,036 $ 2,301
Non-cash interest expense on liability related to the sale of future royalties capitalized into ending property, plant and equipment $ 4,781