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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (80) $ (68)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 19 17
Depreciation and amortization 2 1
Noncash lease expense 2 2
Amortization of premiums (discounts) on marketable securities (4) 2
Other items, net 1 3
Changes in operating assets and liabilities:    
Receivable from collaboration partners ($6 and $715 from a related party) 6 715
Other assets (($1) and ($1) from a related party) (8) (7)
Accounts payable 10 8
Deferred revenue (($25) and ($16) to a related party) (25) (18)
Other liabilities (21) (1)
Net cash provided by (used in) operating activities (98) 654
Cash flows from investing activities    
Purchases of marketable securities (154) (377)
Proceeds from maturities of marketable securities 284 94
Proceeds from sales of marketable securities 2 18
Purchases of property and equipment (3) (3)
Net cash provided by (used in) investing activities 129 (268)
Cash flow from financing activities    
Proceeds from issuance of common stock pursuant to equity award plans 1 10
Proceeds from sale of future royalties   5
Net cash provided by financing activities 1 15
Net increase in cash, cash equivalents and restricted cash 32 401
Cash, cash equivalents and restricted cash at beginning of period 209 151
Cash, cash equivalents and restricted cash at end of period 241 552
Non-cash investing and financing activities:    
Unpaid portion of property and equipment purchases included in accounts payable and accrued liabilities $ 4 1
Unpaid acquisition of in-process research and development   $ 3