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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income (loss) $ 66,858 $ (164,981) $ (68,357)
Reconciliation of net loss to net cash used in operating activities:      
Depreciation and amortization 4,725 3,519 3,024
Equity-based compensation 44,057 34,985 18,873
Loss from equity method investment in Casebia 5,467 4,275 1,763
Non-cash expense related to ViaCyte transaction   15,582  
Gain from consolidation of Casebia (16,000)    
Other income, non-cash   (169) (9)
Changes in:      
Accounts receivable (11) 2,538 531
Prepaid expenses and other assets (32,618) (3,342) (4,117)
Accounts payable and accrued expenses 5,025 12,110 (831)
Deferred revenue (45,146) (296) (20,718)
Deferred rent   (709) (522)
Operating lease assets and liabilities (663)    
Other liabilities, net 24,983 249 270
Net cash provided by (used in) operating activities 56,677 (96,239) (70,093)
Investing activities      
Purchase of property and equipment (6,684) (2,773) (7,814)
Net cash and restricted cash received in connection with the acquisition of Casebia 8,009    
Purchase of available for sale debt security     (500)
Net cash provided by (used in) investing activities 1,325 (2,773) (8,314)
Financing activities      
Proceeds from issuance of common shares, net of issuance costs 415,019 307,053  
Proceeds from exercise of options, net of issuance costs 15,964 8,938 2,608
Repurchase of treasury shares   (57)  
Net cash provided by financing activities 430,983 315,934 2,608
Effect of exchange rate changes on cash 15 (22) 41
Increase in cash 489,000 216,900 (75,758)
Cash, cash equivalents and restricted cash, beginning of period 459,812 242,912 318,670
Cash, cash equivalents and restricted cash, end of period 948,812 459,812 242,912
Supplemental disclosure of non-cash investing and financing activities      
Property and equipment purchases in accounts payable and accrued expenses 1,811 334  
Stock option issuance costs included in accrued expenses $ 295 $ 375  
Costs for proposed supplemental offering in accounts payable and accrued expenses     $ 290