XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows used in operating activities    
Net loss $ (86,837) $ (158,722)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 257 343
Share-based compensation 23,665 20,103
Stock issued for services 45 46
Amortization of premiums and accretion of discounts on investment securities, net (3,670) (947)
Changes in operating assets and liabilities:    
Accounts receivable, net (20,775) (26,820)
Inventory (17,975) (17,074)
Prepaid expenses and other assets (417) (12,535)
Accounts payable (2,662) 2,058
Accrued and other current liabilities 7,799 6,201
Accrued customer programs 6,089 10,519
Accrued employee benefits (1,373) (2,512)
Operating lease liabilities, net (1,014) 1,698
Net cash used in operating activities (96,868) (177,642)
Cash flows provided by (used in) investing activities    
Purchases of investments (174,411) (552,782)
Maturities of investments 252,697 268,665
Purchases of property and equipment 0 (689)
Net cash provided by (used in) investing activities 78,286 (284,806)
Cash flows provided by financing activities    
Proceeds of public offering, net 0 433,725
Proceeds from exercise of stock options 12,225 13,593
Net cash provided by financing activities 12,225 447,318
Net decrease in cash, cash equivalents, and restricted cash (6,357) (15,130)
Cash, cash equivalents, and restricted cash at beginning of period 150,365 93,765
Cash, cash equivalents, and restricted cash at end of period 144,008 78,635
Non-cash investing and financing activities    
Right of use assets under operating leases $ 0 $ 4,167