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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net loss $ (105,063) $ (247,740)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,978 10,201
Expensed in-process research and development   2,679
Premium amortization and discount accretion on investment securities (556) 1,450
Stock-based compensation 131,858 84,789
Non-cash lease expense 7,204 7,451
Amortization of debt discount and issuance cost 658 642
Foreign exchange adjustment 377 265
Non-cash interest expense (13) 68
Changes in operating assets and liabilities:    
Accounts receivable (57,647) (15,680)
Inventory (225) (7,281)
Prepaid expenses and other assets 20,874 12,590
Accounts payable 16,668 (9,018)
Accrued compensation 19,701 9,936
Operating lease liabilities (8,269) (5,196)
Other accrued liabilities (10,598) (11,175)
Deferred revenue 1,044 6,368
Cash provided by (used in) operating activities 30,991 (159,651)
Investing activities:    
Purchases of investments (72,810)  
Proceeds from maturity of investments 221,500 83,250
Purchases of property and equipment, net (31,993) (20,190)
Cash paid for acquisition of intangible assets (10,495)  
Cash provided by investing activities 106,202 63,060
Financing activities:    
Proceeds from exercise of stock options 8,648 2,939
Proceeds from the issuance of common stock under the employee stock purchase plan 8,862 8,674
Cash provided by financing activities 17,510 11,613
Net change in cash, cash equivalents and restricted cash 154,703 (84,978)
Cash, cash equivalents and restricted cash, beginning of period 642,095 466,091
Cash, cash equivalents and restricted cash, end of period 796,798 381,113
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,592 5,596
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accruals 2,245 103
Acquisition of warrants 1,884  
Amounts accrued for acquisition of intangible assets 1,400  
Issuance of common stock for IPR&D acquisition   14,435
Issuance of common stock for bonuses 24,071 19,771
Stock-based compensation included in capitalized software development costs $ 1,089 $ 376