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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net loss $ (81,568) $ (32,651)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,109 5,011
Amortization of right-of-use assets 3,386 1,633
Charge of in-process research and development costs with no alternative future use 8,500 0
Unrealized translation gains (loss) on obligation related to royalty 0 (51)
Re-valuation of contingent consideration (190) 0
Non-cash stock-based compensation 32,153 6,398
Amortization of premium (discount) on marketable securities 1,065 (1,276)
Benefit from income tax differences 0 (1,235)
Others (19) 0
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable, net 6,894 234
Inventory (5,173) (5,040)
Prepaid expenses and other current assets 438 1,122
Other assets (242) (1,129)
Accounts payable (2,476) 3,412
Accrued compensation (31) 701
Accrued expenses and other liabilities (1,820) 2,939
Operating lease liabilities (3,881) 1,435
Deferred revenue (792) 358
Net cash used in operating activities (36,647) (18,139)
INVESTING ACTIVITIES:    
Purchases of marketable securities (465,302) (418,841)
Maturity of marketable securities 197,548 129,160
Business acquisition, net of cash acquired 0 (9,765)
Purchases of property and equipment (19,105) (5,752)
Purchase of intangible assets (17,886) 0
Net cash used in investing activities (304,745) (305,198)
FINANCING ACTIVITIES:    
Payments made on royalty obligations 0 (151)
Payments made on capital lease obligations (79) (62)
Proceeds from issuance of common stock upon exercise of stock options 3,548 5,530
Proceeds from issuances of common stock under employee stock purchase plan 3,956 1,933
Proceeds from public offering, net of underwriting discounts and commissions 355,730 350,432
Payment of offering costs related to public offering (369) (326)
Net cash provided by financing activities 362,786 357,356
Net effect of foreign exchange rate changes on cash and cash equivalents 49 90
Net increase in cash and cash equivalents 21,443 34,109
Cash and cash equivalents—Beginning of period 143,228 140,544
Cash and cash equivalents—End of period 164,671 174,653
Supplemental Disclosures of Cash Flow Information:    
Operating lease liabilities arising from obtaining right-of-use assets 11,373 1,565
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 5,396 3,874
Follow-on public offering issuance costs included in accounts payable and accrued expenses 761 486
Initial fair value of contingent consideration at acquisition date $ 0 $ 1,135