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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (247,740) $ (283,746)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,201 7,631
Expensed in-process research and development 2,679  
Premium amortization and discount accretion on investment securities 1,450 2,960
Stock-based compensation 85,165 76,060
Non-cash lease expense 7,451 6,652
Amortization of debt discount and issuance cost 642 625
Foreign exchange adjustment 265 7
Loss on investments   203
Non-cash interest expense 68 32
Changes in operating assets and liabilities:    
Accounts receivable (15,680) (86,237)
Inventory (7,281) (3,556)
Prepaid expenses and other assets 12,590 4,727
Accounts payable (9,018) 2,492
Accrued compensation 9,936 (7,982)
Operating lease liabilities (5,196) (5,528)
Other accrued liabilities (11,175) 29,525
Deferred revenue 6,368 8,009
Cash used in operating activities (159,275) (248,126)
Investing activities:    
Purchases of investments   (79,956)
Proceeds from sale of investments   191,939
Proceeds from maturity of investments 83,250 153,500
Purchases of property and equipment, net (20,566) (23,661)
Cash provided by investing activities 62,684 241,822
Financing activities:    
Proceeds from exercise of stock options 2,939 4,578
Proceeds from issuance of common stock under employee stock purchase plan 8,674 8,496
Cash provided by financing activities 11,613 13,074
Net change in cash, cash equivalents and restricted cash (84,978) 6,770
Cash, cash equivalents and restricted cash, beginning of period 466,091 84,614
Cash, cash equivalents and restricted cash, end of period 381,113 91,384
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,596 3,612
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accruals 103 $ 2,035
Issuance of common stock for IPR&D acquisition 14,435  
Issuance of common stock for bonuses $ 19,771