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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (77,540) $ (70,638)
Cash flows from operating activities:    
Depreciation of property and equipment 6,603 5,810
Amortization and impairment of intangible assets 34,763 5,314
Amortization of operating lease right-of-use assets 3,437 3,252
Stock-based compensation 35,191 31,873
Fair value gain on contingent consideration (30,920) 0
Other (8,193) (4,429)
Changes in operating assets and liabilities:    
Research fees and grants receivable (34,434) (24,269)
Accrued royalties receivable 0 9,260
Income taxes payable (receivable) (5,953) 22,884
Accounts payable and accrued liabilities (130) (2,827)
Deferred revenue (12,782) (4,870)
Accrued royalties payable 0 (16,253)
Deferred grant income 19,757 25,566
Other assets (1,473) (4,833)
Net cash used in operating activities (71,674) (24,160)
Cash flows from investing activities:    
Purchases of property and equipment (44,250) (42,185)
Purchase of marketable securities (426,007) (528,891)
Proceeds from marketable securities 539,385 422,814
Receipt of grant funding 19,750 7,693
Long-term investments and other assets 3,950 (36,757)
Investment in equity accounted investees (10,820) (6,673)
Net cash provided by (used in) investing activities 82,008 (183,999)
Cash flows from financing activities:    
Payment of liability for in-licensing agreement and other (368) (863)
Proceeds from long-term liabilities 4,497 0
Proceeds from exercise of stock options 1,353 824
Net cash provided by (used in) financing activities 5,482 (39)
Effect of exchange rate changes on cash and cash equivalents (824) 584
Increase (decrease) in cash and cash equivalents 14,992 (207,614)
Cash and cash equivalents and restricted cash, beginning of period 160,610 414,651
Cash and cash equivalents and restricted cash, end of period 175,602 207,037
Restricted cash included in other assets 2,290 2,290
Total cash, cash equivalents, and restricted cash shown on the balance sheet 173,312 204,747
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment in accounts payable 15,944 11,718
Right-of-use assets obtained in exchange for operating lease obligation $ 452 $ 2,945