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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 442,128 $ (107,098)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in estimated constraint on profit-sharing amount 397,433 0
Depreciation and amortization 2,882 2,538
Amortization of intangible assets 266 266
Amortization of premiums (accretion of discounts) on investments, net 1,732 (238)
Payment for contingent consideration in excess of acquisition date fair value (93,803) 0
Noncash lease expense 4,283 2,973
Change in fair value of equity investments 106,428 0
Change in estimated fair value of contingent consideration 5,633 42,918
Stock-based compensation 52,403 36,469
Other 292 32
Changes in operating assets and liabilities:    
Receivable from collaboration 433,689 0
Prepaid expenses and other current assets (5,472) 521
Other assets (41) (857)
Accounts payable 2,444 4,933
Accrued liabilities and other long-term liabilities 145,381 (22,287)
Operating lease liabilities (1,012) (93)
Deferred revenue 15,559 90,452
Net cash provided by operating activities 1,510,225 50,529
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of an equipment 11 0
Purchases of property and equipment (36,439) (2,744)
Purchases of investments (341,293) (55,729)
Maturities of investments 0 221,382
Net cash (used in) provided by investing activities (377,721) 162,909
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock in connection with a grant agreement 28,462 0
Proceeds from issuance of common stock in connection with a collaboration agreement 0 85,213
Payment of principal on financing lease obligation (124) (126)
Proceeds from exercise of stock options 1,558 5,945
Issuance of common stock under ESPP 2,066  
Payment of contingent consideration (1,197) 0
Net cash provided by financing activities 30,765 91,032
Net increase in cash, cash equivalents and restricted cash and cash equivalents 1,163,269 304,470
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 363,415 451,487
Cash, cash equivalents and restricted cash and cash equivalents at end of period 1,526,684 755,957
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment purchases included in accounts payable and accrued liabilities 8,755 2,485
Operating lease liabilities obtained in exchange of right-of-use asset 3,942 0
SUPPLEMENTAL DISCLOSURE OF CASHFLOW INFORMATION    
Cash paid during the period for income tax 89,416 0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONDENSED CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalents 1,505,183 741,951
Restricted cash and cash equivalents, current 13,147 7,004
Restricted cash and cash equivalents, noncurrent 8,354 7,002
Total cash, cash equivalents and restricted cash $ 1,526,684 $ 755,957