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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (550,499) $ (379,541)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash share-based compensation expense 43,206 34,855
Non-cash interest expense on mandatorily redeemable preferred shares 19,864 8,333
Non-cash interest expense on liability related to sale of future royalties 31,950 19,284
Non-cash expense related to license agreement 0 5,646
Change in fair value of derivatives 7,071 2,980
Loss from equity method investment 3,472 4,308
Depreciation and amortization 4,625 437
Other non-cash items 80 0
Changes in operating assets and liabilities:    
Trade receivables, net (79,522) 0
Inventories (18,124) 0
Prepaid expenses and other current assets (46,088) 1,494
Other assets (45) (352)
Accounts payable 27,898 810
Accrued expenses and other current liabilities 65,410 26,862
Other long-term liabilities 62 (2,000)
Net cash used in operating activities (490,641) (276,884)
Cash flows from investing activities:    
Purchases of marketable securities (230,233) 0
Purchases of property and equipment (1,501) (1,637)
Payments for leasehold improvements (1,600) 0
Payments for intangible assets (41,500) 0
Net cash used in investing activities (274,834) (1,637)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 264,000 0
Proceeds from issuance of common shares 283,333 303,221
Proceeds from sale of future royalties 147,476 0
Proceeds from sale of contingently redeemable non-controlling interests 60,000 0
Proceeds from obligation to perform R&D services 2,124 0
Proceeds from issuance of mandatorily redeemable preferred shares 0 125,000
Proceeds from exercise of warrants 0 1,998
Payments of issuance costs (2,300) (1,150)
Payment of term loan commitment fee (2,000) 0
Proceeds from exercise of stock options 17,815 2,777
Repayment of principal for finance leases (991) 0
Net cash provided by financing activities 769,457 431,846
Effect of exchange rate changes on cash, cash equivalents and restricted cash 324 0
Net increase in cash, cash equivalents and restricted cash 4,306 153,325
Cash, cash equivalents and restricted cash at beginning of period 317,727 264,249
Cash, cash equivalents and restricted cash at end of period 322,033 417,574
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,564 0
Cash paid for income taxes $ 1,406 $ 835