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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (110,955) $ (87,407)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,571 1,178
Noncash lease expense 1,391 1,041
Stock-based compensation 16,859 10,295
Accretion of premiums and discounts on investments (134) (1,332)
Changes in assets and liabilities:    
Accounts receivable (3,847) (323)
Unbilled accounts receivable 2,152 (219)
Inventory (382)  
Prepaid expenses and other current assets (1,408) (1,381)
Other assets (66) (114)
Accounts payable 3,715 982
Accrued expenses (16,576) (1,208)
Deferred revenue (575) (731)
Operating lease liabilities (1,073) (969)
Net cash used in operating activities (109,328) (80,188)
Cash flows from investing activities    
Purchases of property and equipment (1,525) (1,770)
Purchases of investments (139,250) (112,916)
Maturities of investments 200,635 204,000
Net cash provided by investing activities 59,860 89,314
Cash flows from financing activities    
Proceeds from public offerings of common stock, net of commissions, underwriting discounts and offering costs 308,541  
Proceeds from issuance of common stock 1,609 2,039
Other financing activities   (28)
Net cash provided by financing activities 310,150 2,011
Net increase in cash, cash equivalents, and restricted cash 260,682 11,137
Cash, cash equivalents and restricted cash at beginning of period 119,604 73,429
Effect of exchange rate changes on cash, cash equivalents and restricted cash 50 (16)
Cash, cash equivalents and restricted cash at end of period 380,336 84,550
Supplemental cash flow information    
Public offering costs incurred but unpaid at period end 118  
Property and equipment purchases unpaid at period end 465 1,478
Cash paid for taxes, net $ 32 $ 53