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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net loss $ (340,141) $ (306,620) $ (290,976)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 53,865 51,351 51,696
Depreciation and amortization expense 9,345 8,332 7,070
Non-cash operating lease expense 1,948 1,457 964
Amortization (accretion) of investment premiums (discounts) 1,769 828 (1,330)
Loss on disposals of property and equipment 21 130 1,027
Asset retirement obligation accretion expense 87 78 71
Changes in operating assets and liabilities:      
Accounts receivable 264 (1,250) 0
Prepaid expenses and other current assets 8,182 (8,666) (998)
Operating lease assets 0 886 239
Other assets (1,727) (219) 322
Accounts payable 9,067 (815) 4,213
Accrued compensation 4,692 5,752 4,070
Accrued research and development expenses (2,362) 7,472 (10,869)
Other current liabilities 1,618 (187) (394)
Deferred revenue 35,218 61,250 0
Operating lease liabilities (1,859) (1,316) (731)
Other long-term liabilities (509) 778 0
Net cash used in operating activities (220,522) (180,759) (235,626)
Investing activities      
Purchases of short-term investments (301,129) (425,868) (270,230)
Proceeds from maturities and sales of short-term investments 333,967 309,653 336,261
Purchases of property and equipment (10,580) (4,513) (5,733)
Proceeds from sale of property and equipment 0 0 161
Net cash provided by (used in) investing activities 22,258 (120,728) 60,459
Financing activities      
Proceeds from sale of common stock and pre-funded warrants in underwritten offerings, net 0 353,780 140,888
Proceeds from issuance of common stock through ATM facilities, net 98,697 69,189 47,729
Proceeds from employee stock awards 6,762 6,680 7,350
Taxes paid related to net share settlement of restricted stock units (1,244) (1,521) (6,695)
Principal payments on finance and capital lease obligations (254) (389) (486)
Other financing activities, net (17) (165) 0
Net cash provided by financing activities 103,944 427,574 188,786
Increase (decrease) in cash, cash equivalents and restricted cash (94,320) 126,087 13,619
Cash, cash equivalents and restricted cash at beginning of period 201,798 75,711 62,092
Cash, cash equivalents and restricted cash at end of period 107,478 201,798 75,711
Non-cash investing and financing activities      
Property and equipment purchases included in accounts payable and other accrued liabilities 2,139 326 276
Accrued costs related to underwritten public offering 0 192 172
Accrued costs related to ATM facility 87 0 0
Proceeds from issuance of common stock through ATM facilities not yet received 0 0 1,185
Supplemental cash flow disclosure      
Cash paid for interest 32 62 50
Cash paid for income taxes $ 15 $ 10 $ 0