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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net loss $ (113,163) $ (69,731)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 2,715 2,091
Equity-based compensation 22,092 14,151
Other income, non-cash 2,064 890
Changes in:    
Accounts receivable (6) (25,018)
Prepaid expenses and other assets (5,068) 29,659
Accounts payable and accrued expenses (5,770) (2,496)
Deferred revenue (539) (157)
Operating lease assets and liabilities 778 37
Other liabilities, net (3,766) (1,601)
Net cash used in operating activities (100,663) (52,175)
Investing activities:    
Purchase of property, plant and equipment (7,024) (2,991)
Purchases of marketable securities (323,975)  
Maturities of marketable securities 163,101  
Net cash used in investing activities (167,898) (2,991)
Financing activities:    
Proceeds from issuance of common shares, net of issuance costs 214,592  
Proceeds from exercise of options and ESPP contributions, net of issuance costs 11,399 1,132
Net cash provided by financing activities 225,991 1,132
Effect of exchange rate changes on cash 5 (25)
Decrease in cash (42,565) (54,059)
Cash, cash equivalents and restricted cash, beginning of period 1,185,468 948,812
Cash, cash equivalents and restricted cash, end of period 1,142,903 894,753
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment purchases in accounts payable and accrued expenses 8,847 1,340
Equity issuance costs in accounts payable and accrued expenses $ 2,868 $ 39