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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (24,622) $ (121,359)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation expense 20,342 11,827
Depreciation and amortization expense 2,927 3,255
Non-cash operating lease cost 4,247 2,305
Net (accretion) amortization of (discounts) premiums on investments (236) 547
Amortization of debt issuance costs 337 328
Loss on extinguishment of debt 1,625 0
Change in fair value of warrant liabilities (132) 0
Collaboration (profit) loss sharing - related party 5,713 (705)
Changes in operating assets and liabilities:    
Prepaid expenses and other current and other non-current assets 3,579 (10,145)
Collaboration receivable - related party (7,559) 0
Inventories (5,340) 0
Deferred income - related party 2,817  
Deferred revenue - related party (951) (2,709)
Accounts payable (3,092) 709
Operating lease liabilities (577) (2,130)
Accrued expenses and other current and long-term liabilities (3) [1] (9,678) 1,735
Net cash used in operating activities (10,600) (116,342)
Cash flows from investing activities:    
Purchases of property and equipment (5,301) (5,113)
Purchases of investments (4,426) (36,138)
Sales and maturities of investments 22,983 77,622
Net cash provided by investing activities 13,256 36,371
Cash flows from financing activities:    
Proceeds from exercise of stock options 356 387
Proceeds from issuance of common stock from at the market equity offering 11,730 0
Issuance of common stock under ESPP 1,229 892
Proceeds from issuance of debt, net of issuance costs 103,378 27,606
Repayment of notes payable (52,860) (1,907)
Net cash provided by financing activities 63,833 26,978
Net increase (decrease) in cash, cash equivalents, and restricted cash 66,489 (52,993)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1 0
Cash, cash equivalents and restricted cash at beginning of period 171,215 188,002
Cash, cash equivalents and restricted cash at end of period 237,705 135,009
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,869 1,836
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable and accrued expenses 943 597
Prepaid rent reclassified to right-of-use assets 2,336 4,962
Lease liability arising from obtaining right-of-use assets 1,210 4,370
Recognition of warrant liabilities 2,100 0
Warrants issued related to Term Loan and recorded as debt discount $ 2,785 $ 0
[1] Includes related party amounts of ($3,398) and $1,379 at June 30, 2023 and 2022, respectively (see Note 16)