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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) $ 121,190 $ (10,947) $ (14,034)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Stock-based compensation expense 39,621 7,457 624
Depreciation and amortization expense 29 19 17
Changes in operating assets and liabilities      
Unbilled accounts receivable   (5,815)  
Prepaid expenses and other current assets (483) (7,296) (43)
Other assets (161)   0
Accounts payable 10,289 (488) 157
Accrued expenses and other liabilities 43,877 12,437 450
Deferred revenue (301,367) 301,367  
Net cash provided by (used in) operating activities (87,005) 296,734 (12,829)
Cash flows from investing activities      
Additions to property and equipment (4) (26) (2)
Net cash used in investing activities (4) (26) (2)
Cash flows from financing activities      
Net proceeds from issuance of convertible preferred stock   214,116  
Proceeds from issuance of common stock 1,465 27  
Net proceeds from initial public offering of common stock   317,605  
Net cash provided by financing activities 1,465 531,748  
Net increase (decrease) in cash, cash equivalents and restricted cash (85,544) 828,456 (12,831)
Cash, cash equivalents and restricted cash at the beginning of period 850,224 21,768 34,599
Cash, cash equivalents and restricted cash at the end of period 764,680 850,224 21,768
Cash, cash equivalents and restricted cash at the end of period      
Cash and cash equivalents 764,375 850,117 21,661
Restricted cash 305 107 107
Cash, cash equivalents and restricted cash at the end of period $ 764,680 850,224 $ 21,768
Supplemental disclosure of non-cash financing activities      
Conversion of preferred stock to common stock upon closing of initial public offering   $ 283,230