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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flow from operating activities    
Net loss $ (159,694) $ (151,066)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 23,930 35,742
Depreciation 4,760 3,542
Other non-cash items, net (226) 1,332
Changes in operating assets and liabilities:    
Accounts receivable 147 5,797
Prepaid expenses and other current assets 307 1,414
Right-of-use assets 3,641 7,080
Other non-current assets (719) (2,077)
Accounts payable 1,674 (2,978)
Accrued expenses (485) (9,439)
Deferred revenue (3,333) (11,372)
Operating lease liabilities (5,078) (7,196)
Net cash used in operating activities (135,076) (129,221)
Cash flow from investing activities    
Purchases of property and equipment (3,494) (5,132)
Proceeds from the sale of equipment 18  
Purchases of marketable securities (209,782) (304,570)
Proceeds from maturities of marketable securities 354,854 278,076
Net cash provided by (used in) investing activities 141,596 (31,626)
Cash flow from financing activities    
Proceeds from offering of common stock, net of issuance costs   249,458
Proceeds from exercise of stock options 298 31,065
Issuance of common stock under benefit plans 367 526
Net cash provided by financing activities 665 281,049
Net increase in cash, cash equivalents, and restricted cash 7,185 120,202
Cash, cash equivalents, and restricted cash, beginning of period 207,396 143,559
Cash, cash equivalents, and restricted cash, end of period 214,581 263,761
Supplemental disclosure of cash and non-cash activities:    
Fixed asset additions included in accounts payable and accrued expenses 413 597
Cash paid in connection with operating lease liabilities 11,894 8,918
Right-of-use assets obtained in exchange of operating lease obligations $ 4,708 $ 9,753