XML 38 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flow from operating activities    
Net loss $ (68,112) $ (37,299)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 6,544 2,820
Depreciation and amortization 2,722 2,717
Share of loss from equity method investee 1,202 563
Gain on deemed sale from equity method investee 0 (1,229)
Amortization of premiums on investments (2,213) (1,017)
Other non-operating income 0 (177)
Changes in operating assets and liabilities:    
Receivable from collaboration partners (5,276) (5,000)
Amounts owed by a related party 83 (89)
Other long-term assets 21 0
Prepaid expenses and other current assets (1,902) (1,188)
Accounts payable (94) (1,029)
Accrued liabilities 3,639 4,141
Other current liabilities 42 33
Deferred revenue (250) 1,209
Deferred rent (397) (344)
Net cash used in operating activities (63,991) (35,889)
Cash flow from investing activities    
Purchases of short-term and long-term investments (180,245) (222,067)
Proceeds from maturities of short-term and long-term investments 253,290 109,601
Purchases of property and equipment (1,729) (3,485)
Net cash provided by (used in) investing activities 71,316 (115,951)
Cash flow from financing activities    
Repurchase of unvested shares of stock (94) 0
Proceeds from initial public offering, net of issuance costs 0 125,111
Proceeds from issuance of common stock upon exercise of stock options, net of repurchases 697 3,327
Payment of preferred stock issuance costs 0 (135)
Net cash provided by financing activities 603 128,303
Net increase (decrease) in cash and cash equivalents 7,928 (23,537)
Cash, cash equivalents and restricted cash at beginning of period 71,267 98,629
Cash, cash equivalents and restricted cash at end of period 79,195 75,092
Non-cash investing and financing activities:    
Unpaid portion of property and equipment purchases included in accounts payable and accrued liabilities 33 103
Vesting of early exercised stock options and restricted stock $ 784 $ 982