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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 413,083 $ 885,562
Short-term investments 1,078,257 504,544
Other current assets 16,643 13,537
Total current assets 1,507,983 1,403,643
Property and equipment, net 15,824 7,809
Long-term investment 8,218 15,629
Right-of-use asset   39,900
Other long-term assets 19,049 9,157
Total assets 1,588,754 1,476,128
Current liabilities    
Accounts payable 35,163 18,117
Accrued liabilities 108,495 53,355
Total current liabilities 143,658 71,472
Lease liability 45,879  
Other liabilities 2,179 1,962
Total liabilities 191,716 115,339
Commitments and contingencies (see Note 14)
Shareholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; none issued and outstanding at both December 31, 2021 and December 31, 2020 0 0
Common stock, $0.001 par value; 100,000,000 authorized; 55,356,904 and 50,439,069 issued and outstanding at December 31, 2021 and December 31, 2020, respectively 55 50
Additional paid-in capital 3,099,937 2,481,218
Accumulated other comprehensive income 9,068 9,759
Accumulated deficit (1,712,022) (1,130,238)
Total shareholders’ equity 1,397,038 1,360,789
Total liabilities and shareholders’ equity $ 1,588,754 $ 1,476,128