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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (161,867) $ (103,227)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 2,068 286
Share-based compensation expense 15,080 5,701
Class A common shares issued or to be issued as consideration for Primatope, including milestone payments 8,800  
Loss on disposal of property and equipment 21 66
Other   235
Non-cash lease expense 1,211  
Accretion of discounts on short-term investments (3,501) (1,423)
Deferred income taxes (3,156) (978)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,020) (4,791)
Accounts payable (4,705) 8,823
Accrued expenses and other liabilities 4,638 9,296
Accrued milestones (15,000) 5,000
Operating lease liabilities (1,264)  
Other long-term liabilities 326  
Net cash used in operating activities (158,369) (81,012)
Cash flows from investing activities:    
Purchases of property and equipment (3,203) (5,290)
Purchases of short-term investments (488,773) (402,008)
Proceeds from the maturities of short-term investments 541,190 168,100
Net cash provided by (used in) investing activities 49,214 (239,198)
Cash flows from financing activities:    
Payments of offering costs (118) (3,657)
Proceeds from exercise of options and employee share purchase plan 1,119 377
Net cash provided by financing activities 84,107 346,736
Net increase in cash and cash equivalents and restricted cash (25,048) 26,526
Cash, cash equivalents and restricted cash at beginning of period 72,186 45,660
Cash, cash equivalents and restricted cash at end of period 47,138 72,186
Supplemental information:    
Cash paid for income taxes 1,724 383
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering costs included in accrued expenses and accounts payable   404
Property and equipment included in accrued expenses and accounts payable 222 1,292
Series C convertible preferred shares    
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred shares, net of issuance costs   190,822
Initial Public Offering | Class A common shares    
Cash flows from financing activities:    
Proceeds from issuance of common shares, net of underwriting commissions and discounts   $ 159,194
Follow-On Offering | Class A common shares    
Cash flows from financing activities:    
Proceeds from issuance of common shares, net of underwriting commissions and discounts 48,595  
Private Placement | Class A1 common shares    
Cash flows from financing activities:    
Proceeds from issuance of common shares from private placement, net of underwriting commissions and discounts $ 34,511