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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net loss $ (1,804,251) $ (386,710)
Adjustments to reconcile net loss to net cash used by operating activities:    
Amortization of intangibles assets 69,167 69,167
Depreciation 10,218 9,802
Stock-based compensation expense 55,053 47,064
Cash payment for equity awards (53,807) (24,667)
Deferred income taxes (57,949) (16,069)
Goodwill and intangible impairment 1,420,936 0
Other 361 (172)
Changes in operating assets and liabilities:    
Operating lease right-of-use assets and liabilities, net 1,586 4,306
Net cash used by operating activities (379,085) (309,391)
Cash flows from investing activities    
Net cash used by investing activities (3,934) (5,923)
Cash flows from financing activities    
Cash funding received from Illumina 1,244,300 304,000
Taxes paid related to net share settlement of equity awards 0 (225)
Net cash provided by financing activities 1,244,300 303,775
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (30) 257
Net increase (decrease) in cash, cash equivalents, and restricted cash 861,251 (11,282)
Cash, cash equivalents and restricted cash — beginning of period 101,512 246,128
Cash, cash equivalents and restricted cash — end of period 962,763 234,846
Represented by:    
Cash and cash equivalents. 958,845 230,621
Restricted cash 3,918 4,225
Total 962,763 234,846
Supplemental cash flow information:    
Property and equipment included in accounts payable and accrued liabilities (628) (1,135)
Operating cash flows from operating leases, net (10,043) (9,117)
Nonrelated Party    
Changes in operating assets and liabilities:    
Accounts receivable 3,488 4,273
Supplies (3,408) (1,412)
Prepaid expenses and other assets (2,509) 314
Accounts payable (2,486) (3,822)
Accrued and other liabilities (14,188) (8,501)
Cash flows from investing activities    
Purchases of property and equipment (3,934) (4,358)
Related Party    
Changes in operating assets and liabilities:    
Accounts receivable 48 164
Supplies (403) (1,498)
Prepaid expenses and other assets (18) 40
Accounts payable (828) (1,561)
Accrued and other liabilities (95) (109)
Cash flows from investing activities    
Purchases of property and equipment $ 0 $ (1,565)