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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (34,734) $ (107,318)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 2,973 3,130
Stock-based compensation 24,417 17,878
Amortization of premiums and accretion of discounts on marketable securities 718 1,152
Amortization of right-of-use assets 1,343 938
Changes in operating assets and liabilities:    
Receivable from collaboration partner (1,425) 0
Prepaid expenses and other current assets (2,279) (1,557)
Other assets (345) (3,376)
Accounts payable (530) 9,148
Accrued liabilities and accrued clinical supply costs (6,175) (4,225)
Deferred revenue 95,675 (10,678)
Lease liabilities (2,064) (2,014)
Other long-term liabilities 75 (314)
Net cash provided by (used in) operating activities 77,649 (97,236)
Cash flows from investing activities:    
Purchase of property and equipment (1,436) (1,775)
Purchase of marketable securities (321,290) (5,081)
Maturities of marketable securities 84,801 173,000
Net cash provided by (used in) investing activities (237,925) 166,144
Cash flows from financing activities:    
Proceeds from the exercise of options to purchase common stock 2,524 5,867
Purchase of common stock under employee stock option plan 865 969
Net cash provided by financing activities 3,389 6,836
Net increase (decrease) in cash, cash equivalents, and restricted cash (156,887) 75,744
Cash, cash equivalents, and restricted cash at beginning of period 330,624 51,441
Cash, cash equivalents, and restricted cash at end of period 173,737 127,185
Non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable and accrued liabilities $ 945 $ 348