XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net loss $ (86,655) $ (40,912)
Non-cash adjustments reconciling net loss to operating cash flows:    
Depreciation of property and equipment 126 44
Accretion of discount on investments (520) (917)
Share-based compensation expense 21,567 11,131
Changes in operating assets and liabilities:    
Other current assets (100) (1,528)
Other long-term assets (331) (1,229)
Accounts payable, accrued liabilities, deferred revenue and other liabilities 6,909 (1,071)
Cash flows used in operating activities (59,004) (34,482)
Investing activities:    
Purchases of short-term investments (230,384) (127,458)
Sales and maturities of short-term investments 108,381 92,250
Purchases of property, plant, and equipment (224) 0
Cash flows used in investing activities (122,227) (35,208)
Financing activities:    
Proceeds from issuance of common stock, net of issuance costs 323,977 107,883
Proceeds from stock options exercised 15,183 2,668
Proceeds from disgorgement of shareholders' short-swing profits 41 1,050
Cash flows provided by financing activities 339,201 111,601
Increase in cash, cash equivalents and restricted cash 157,970 41,911
Cash, cash equivalents and restricted cash, beginning of period 46,856 32,694
Cash, cash equivalents and restricted cash, end of period 204,826 74,605
Reconciliation of cash, cash equivalents and restricted cash, end of period:    
Total cash, cash equivalents and restricted cash 204,826 74,605
Supplemental disclosures of non-cash investing activities:    
Purchases of property, plant, and equipment included within accounts payable and accrued liabilities $ 408 $ 0