XML 20 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net loss $ (148,113) $ (53,592)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,539 555
Stock-based compensation 77,925 10,945
Accretion of unamortized debt discount and amortization of debt issuance costs 824 9
Amortization of premium (accretion of discount) for marketable securities 984 0
Deferred income taxes (318) 0
Change in fair value of common stock warrant liabilities (4,462) 2,108
Changes in operating assets and liabilities:    
Accounts receivable, net 267 0
Prepaid expenses and other assets (5,676) (4,499)
Operating lease right-of-use assets 534 (13,453)
Accounts payable (5,613) (4,060)
Operating lease liabilities (473) 14,386
Other accruals and liabilities (4,868) 8,448
Net cash used in operating activities (83,450) (39,153)
Investing Activities    
Purchases of property and equipment, including internal-use software (107) (659)
Purchases of marketable securities (149,495) 0
Proceeds from maturities of marketable securities 83,265 0
Proceeds from sales of marketable securities 25,593 0
Net cash used in investing activities (40,744) (659)
Financing Activities    
Principal payments on finance leases obligations (840) 0
Payments for debt issuance costs (1,976) 0
Proceeds from issuance of common stock in follow-on offering, net of underwriting commissions, and offering costs 0 402,817
Payments made towards deferred offering costs 0 (13,167)
Net proceeds from exercise of stock options and issuance of common stock 236 12
Net cash (used in) provided by financing activities (2,580) 389,662
Net change in cash, cash equivalents and restricted cash (126,774) 349,850
Cash, cash equivalents and restricted cash – beginning of year 244,252 265,648
Cash, cash equivalents and restricted cash – end of period 117,478 615,498
Cash paid during the period for:    
Interest 86 15
Noncash investing and financing activities:    
Deferred offering costs and issuance costs in accounts payable and accrued liabilities 28 1,449
Warrant exercise receivable 0 104,558
Warrant liability reclassified to additional paid-in capital $ 0 $ 67,961