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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (91,249) $ (134,637)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,580 2,595
Stock-based compensation 9,740 13,733
Amortization of discount on investments 325 665
Amortization of debt discount 424 382
Change in fair value of warrant liability (1,350) 0
Non-cash royalty revenue related to sale of future royalties (66) 0
Non-cash interest expense associated with the sale of future royalties 750 967
Changes in operating assets and liabilities:    
Accounts receivable (4,638) (4,014)
Inventory, current and noncurrent (1,841) (6,629)
Prepaid expenses and other current assets (5,700) (2,109)
Accounts payable (5,265) (2,886)
Accrued expenses (6,406) (59)
Deferred revenue (11,496) 0
Operating lease assets 1,930 2,092
Operating lease liabilities (1,823) (2,313)
Other assets and liabilities 87 (33)
Net cash used in operating activities (113,998) (132,246)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (97,418) (170,659)
Maturities of available-for-sale securities 101,950 211,539
Purchases of property and equipment (10) (221)
Net cash used in investing activities 4,522 40,659
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of commissions 82,257 1,534
Payment of offering costs (442) (105)
Proceeds from stock options exercised 0 916
Proceeds from the issuance of shares under employee stock purchase plan 391 1,191
Net cash provided by financing activities 82,206 3,536
Net decrease in cash, cash equivalents and restricted cash (27,270) (88,051)
Cash, cash equivalents and restricted cash, beginning of period 99,845 169,724
Cash, cash equivalents and restricted cash, end of period 72,575 81,673
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 10,785 10,785
Cash paid for income taxes 31 0
Unpaid offering costs 0 154
Property and equipment included in accounts payable or accruals $ 0 $ 18