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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net loss $ (228,302) $ (340,141) $ (306,620)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on sale of ATOM Facility (50,237) 0 0
Stock-based compensation expense 53,838 53,865 51,351
Depreciation and amortization expense 5,653 9,345 8,332
Non-cash operating lease expense 8,915 1,948 1,457
Amortization of investment premiums 1,024 1,769 828
Other non-cash items, net 147 108 208
Changes in operating assets and liabilities:      
Accounts receivable (39,235) 264 (1,250)
Increase (Decrease) in Inventories (1,586) 0 0
Other current assets 1,836 8,182 (8,666)
Operating lease assets 0 0 886
Other assets (266) (1,727) (219)
Accounts payable (9,211) 9,067 (815)
Accrued compensation (7,491) 4,692 5,752
Accrued research and development expenses 11,541 (2,362) 7,472
Other current liabilities 2,067 1,618 (187)
Deferred revenue (11,468) 35,218 61,250
Operating lease liabilities (8,009) (1,859) (1,316)
Other long-term liabilities 354 (509) 778
Net cash used in operating activities (270,430) (220,522) (180,759)
Investing activities      
Purchases of short-term investments (180,589) (301,129) (425,868)
Proceeds from maturities and sales of short-term investments 292,973 333,967 309,653
Purchases of property and equipment (4,193) (10,580) (4,513)
Net proceeds from sale of ATOM Facility 94,765 0 0
Net cash provided by (used in) investing activities 202,956 22,258 (120,728)
Financing activities      
Proceeds from sale of common stock and pre-funded warrants in underwritten offerings, net 0 0 353,780
Proceeds from issuance of common stock through ATM facilities, net 21,891 98,697 69,189
Proceeds from employee stock awards 1,921 6,762 6,680
Proceeds from sale of future revenues, net 30,605 0 0
Taxes paid related to net share settlement of restricted stock units (623) (1,244) (1,521)
Principal payments on finance lease obligations (518) (254) (389)
Other financing activities, net (192) (17) (165)
Net cash provided by financing activities 53,084 103,944 427,574
Increase (decrease) in cash, cash equivalents and restricted cash (14,390) (94,320) 126,087
Cash, cash equivalents and restricted cash at beginning of period 107,478 201,798 75,711
Cash, cash equivalents and restricted cash at end of period 93,088 107,478 201,798
Non-cash investing and financing activities      
Property and equipment purchases included in accounts payable and other accrued liabilities 61 2,139 326
Accrued costs related to underwritten public offering 0 0 192
Accrued costs related to ATM facility 0 87 0
Accrued transaction costs related to sale of future revenues 332 0 0
Supplemental cash flow disclosure      
Cash paid for interest 335 32 62
Cash paid for income taxes $ 19 $ 15 $ 10