XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES:    
Net loss $ (114,985) $ (133,533)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,712 10,345
Operating lease costs 7,619 7,339
Stock-based compensation 27,041 22,266
Amortization of debt issuance costs 645 644
Amortization of premium (discount) on marketable debt securities 111 (1,009)
Unrealized losses (gains) on marketable equity securities 30,054 (3,882)
Impairment of non-marketable equity securities and other related assets 0 5,485
Other 652 (300)
Cash effect of changes in operating assets and liabilities:    
Accounts receivable, net 4,220 12,349
Inventory, net (1,042) 5,125
Prepaid expenses and other current assets, net (5,627) (3,354)
Other assets, net 1,024 1,765
Accounts payable and accrued liabilities 13,240 13,886
Operating lease liabilities (8,835) (7,422)
Deferred revenue 4,887 (4,145)
Net cash used in operating activities (30,284) (74,441)
INVESTING ACTIVITIES:    
Purchase of marketable debt securities 0 (63,252)
Maturity of marketable debt securities 35,000 228,000
Purchase of property and equipment (6,934) (7,524)
Net cash provided by investing activities 28,066 157,224
FINANCING ACTIVITIES:    
Proceeds from issuance of common stock upon exercise of stock options 213 157
Taxes paid related to net share settlement of restricted stock units (1,544) (993)
Other 257 (18)
Net cash used in financing activities (1,074) (854)
Net effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (1,138) (163)
Net (decrease) increase in cash, cash equivalents and restricted cash (4,430) 81,766
Cash, cash equivalents and restricted cash—Beginning of period 1,133,687 141,948
Cash, cash equivalents and restricted cash—End of period 1,129,257 223,714
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Purchase of property and equipment included in accounts payable and accrued liabilities 1,640 8,016
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,029,027 223,640
Restricted cash – included in cash, cash equivalents and restricted cash 100,230 74
Total cash, cash equivalents and restricted cash $ 1,129,257 $ 223,714