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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Oct. 01, 2023
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net loss $ (1,929,939) $ (1,278,158)
Adjustments to reconcile net loss to net cash used by operating activities:    
Amortization of intangibles assets 103,750 103,750
Depreciation 14,865 15,018
Stock-based compensation expense 72,502 72,383
Cash payment for equity awards (53,807) (65,034)
Deferred income taxes (104,990) (34,133)
Goodwill and intangible impairment 1,420,936 718,466
Other 949 2,039
Changes in operating assets and liabilities:    
Operating lease right-of-use assets and liabilities, net 1,545 5,521
Net cash used by operating activities (483,666) (466,902)
Cash flows from investing activities    
Net cash used by investing activities (4,905) (8,992)
Cash flows from financing activities    
Cash funding received from Illumina 1,244,300 378,000
Taxes paid related to net share settlement of equity awards 0 (220)
Net cash provided by financing activities 1,244,300 377,780
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 228 49
Net increase (decrease) in cash, cash equivalents, and restricted cash 755,957 (98,065)
Cash, cash equivalents and restricted cash — beginning of period 101,512 246,128
Cash, cash equivalents and restricted cash — end of period 857,469 148,063
Represented by:    
Cash and cash equivalents. 853,551 143,838
Restricted cash 3,918 4,225
Total 857,469 148,063
Supplemental cash flow information:    
Property and equipment included in accounts payable and accrued liabilities (231) (1,087)
Operating cash flows from operating leases, net (14,773) (13,896)
Nonrelated Party    
Changes in operating assets and liabilities:    
Accounts receivable 1,699 6,058
Supplies (847) (2,414)
Prepaid expenses and other assets (1,254) (1,938)
Accounts payable (11,379) (5,825)
Accrued and other liabilities (935) 2,190
Cash flows from investing activities    
Purchases of property and equipment (4,905) (6,348)
Related Party    
Changes in operating assets and liabilities:    
Accounts receivable 32 178
Supplies 1,329 (2,174)
Prepaid expenses and other assets (24) 40
Accounts payable (824) (2,753)
Accrued and other liabilities 2,726 (116)
Cash flows from investing activities    
Purchases of property and equipment $ 0 $ (2,644)