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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net loss $ (356,770) $ (405,226)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,186 12,772
Expensed in-process research and development 2,679  
Premium amortization and discount accretion on investment securities 1,929 3,971
Stock-based compensation 142,896 116,398
Non-cash lease expense 11,011 9,989
Amortization of debt discount and issuance cost 966 941
Foreign exchange adjustment 265 (12)
Loss on investments   532
Non-cash interest expense 85 100
Changes in operating assets and liabilities:    
Accounts receivable (10,762) (114,288)
Inventory (6,669) (13,520)
Prepaid expenses and other assets 7,356 486
Accounts payable (8,951) 8,367
Accrued compensation 15,177 1,285
Operating lease liabilities (8,424) (7,207)
Other accrued liabilities (2,072) 35,422
Deferred revenue 5,268 (384)
Cash used in operating activities (188,830) (350,374)
Investing activities:    
Purchases of investments   (86,947)
Proceeds from sale of investments   214,738
Proceeds from maturity of investments 173,500 216,500
Purchases of property and equipment, net (29,667) (35,870)
Cash provided by investing activities 143,833 308,421
Financing activities:    
Proceeds from exercise of stock options 3,501 5,971
Proceeds from issuance of common stock under employee stock purchase plan 8,674 8,496
Proceeds from public offering, net of issuance cost 235,441  
Cash provided by financing activities 247,616 14,467
Net change in cash, cash equivalents and restricted cash 202,619 (27,486)
Cash, cash equivalents and restricted cash, beginning of period 466,091 84,614
Cash, cash equivalents and restricted cash, end of period 668,710 57,128
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,907 4,008
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accruals (1,168) $ 458
Issuance of common stock for IPR&D acquisition 14,435  
Issuance of common stock for bonuses $ 19,771