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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income (loss) $ (42,077) $ 30,713
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation expense 11,661 7,273
Non-cash lease expense 16  
Depreciation and amortization expense 7 7
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 275 1,151
Other assets   (356)
Accounts payable (877) 3,732
Accrued expenses and other liabilities (28,014) 6,628
Deferred revenue   (65,985)
Net cash used in operating activities (59,009) (16,837)
Cash flows from investing activities    
Additions to property and equipment (44)  
Net cash used in investing activities (44)  
Cash flows from financing activities    
Proceeds from issuance of common stock for exercise of stock options 223 471
Net cash provided by financing activities 223 471
Net increase (decrease) in cash, cash equivalents and restricted cash (58,830) (16,366)
Cash, cash equivalents and restricted cash at the beginning of period 764,680 850,224
Cash, cash equivalents and restricted cash at the end of period 705,850 833,858
Cash, cash equivalents and restricted cash at the end of period:    
Cash and cash equivalents 705,545 833,751
Restricted cash 305 107
Cash, cash equivalents and restricted cash at the end of period 705,850 $ 833,858
Supplemental disclosure of noncash financing activities    
Property and equipment purchases unpaid at period end 702  
Right of use assets obtained in exchange for operating lease liabilities $ 2,938