XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income (loss) $ (73,412) $ 32,252
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation expense 23,569 17,280
Depreciation and amortization expense 50 15
Changes in operating assets and liabilities:    
Accounts receivable   (50,000)
Prepaid expenses and other current assets 2,991 2,895
Other assets   (293)
Accounts payable 9,351 16,456
Accrued expenses and other liabilities (41,584) 23,586
Deferred revenue   (76,376)
Operating lease liabilities 840  
Net cash used in operating activities (78,195) (34,185)
Cash flows from investing activities    
Additions to property and equipment (1,923)  
Net cash used in investing activities (1,923)  
Cash flows from financing activities    
Proceeds from issuance of common stock for exercise of stock options 223 528
Net cash provided by financing activities 223 528
Net decrease in cash, cash equivalents and restricted cash (79,895) (33,657)
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 684,785 816,567
Cash, cash equivalents and restricted cash at the end of period:    
Cash and cash equivalents 684,480 816,460
Restricted cash 305 107
Cash, cash equivalents and restricted cash at the end of period 684,785 $ 816,567
Supplemental disclosure of noncash financing activities    
Right of use assets obtained in exchange for operating lease liabilities $ 2,938