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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net loss $ (136,937) $ (138,595)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,077 3,002
Expensed in-process research and development 2,679  
Premium amortization and discount accretion on investment securities 787 1,790
Stock-based compensation 40,695 35,087
Non-cash lease expense 3,806 3,305
Amortization of debt discount and issuance cost 320 312
Foreign exchange adjustment 265 (281)
Loss on investments   46
Amortization of other assets   143
Non-cash interest expense 48 4
Changes in operating assets and liabilities:    
Accounts receivable (2,400) (45,788)
Inventory (5,277) 1,860
Prepaid expenses and other assets 2,338 (6,366)
Accounts payable 5,762 (7,557)
Accrued compensation 14,993 (8,545)
Operating lease liabilities (2,177) (2,765)
Other accrued liabilities (18,181) 21,336
Deferred revenue 7,312 5,735
Cash used in operating activities (80,890) (137,277)
Investing activities:    
Purchases of investments   (24,977)
Proceeds from sale of investments   166,895
Proceeds from maturity of investments 27,250 81,000
Purchases of property and equipment, net (11,598) (15,885)
Cash provided by investing activities 15,652 207,033
Financing activities:    
Proceeds from exercise of stock options 2,301 4,156
Cash provided by financing activities 2,301 4,156
Net change in cash, cash equivalents and restricted cash (62,937) 73,912
Cash, cash equivalents and restricted cash, beginning of period 466,091 84,614
Cash, cash equivalents and restricted cash, end of period 403,154 158,526
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,124 159
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accruals 1,613 $ 2,096
Issuance of common stock for IPR&D acquisition 14,435  
Issuance of common stock for bonus $ 19,771