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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 14,521 $ (23,601)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 953 721
Share in net loss of equity method investment 47 5,523
Stock-based compensation 9,510 5,139
Amortization of right-of-use assets 767 405
Accretion of discount on available-for-sale securities 210 379
Amortization of debt issuance costs 153 167
Changes in operating assets and liabilities:    
Accounts receivable (10,407) (7,924)
Inventory (10,090) (3,308)
Prepaid expenses and other current assets 600 (135)
Other assets (119) 48
Accounts payable 4,911 1,782
Accrued and other current liabilities (9,051) 3,799
Lease liabilities (68) (298)
Net cash provided by (used in) operating activities 1,937 (17,303)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of available-for-sale securities (42,128) (15,263)
Proceeds from maturities of available-for-sale securities 18,000 46,400
Purchase of property and equipment (3,286) (4,051)
Net cash (used in) provided by investing activities (27,414) 27,086
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of taxes withheld on net settled vesting of restricted stock units (6) (5,114)
Proceeds from stock option exercises 391 773
Proceeds from issuance of common stock under employee stock purchase plan 2,135 1,141
Net cash provided by (used in) financing activities 2,520 (3,200)
Net (decrease) increase in cash, cash equivalents and restricted cash (22,957) 6,583
Cash, cash equivalents and restricted cash at beginning of period 90,874 51,873
Cash, cash equivalents and restricted cash equivalents at end of period 67,917 58,456
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 144 144
Income tax paid 78 15
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use asset obtained in exchange for lease liability 0 48
Property and equipment purchases included in accounts payable and accrued liabilities 3,159 3,104
Equity method investment obtained in exchange for related party contract liability 0 12,273
Transfer of fixed assets to inventory $ 44 $ 116