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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (68,144) $ (55,043)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 22,028 12,732
Depreciation and amortization 4,187 1,958
Change in fair value of success payment liabilities (3,851) 9,967
Net amortization or accretion on marketable securities 475 483
Non-cash lease (income) expense (214) 1,040
Loss on property equipment and disposals 84 0
Change in fair value of warrants (28) 43
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets (397) (342)
Accounts payable 2,937 634
Accrued liabilities and other current liabilities (6,393) (4,695)
Deferred revenue (558) (2,437)
Operating lease liabilities, non-current 2,135 2,063
Other non-current liabilities (113) 0
Net cash used in operating activities (47,852) (33,597)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (9,733) (19,190)
Purchases of marketable securities (96,196) (48,291)
Sales and maturities of marketable securities 79,807 204,158
Net cash (used in) provided by investing activities (26,122) 136,677
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 2,555 884
Net cash provided by financing activities 2,555 884
Net (decrease) increase in cash, cash equivalents and restricted cash (71,419) 103,964
Cash, cash equivalents and restricted cash at beginning of period 294,294 140,872
Cash, cash equivalents and restricted cash at end of period 222,875 244,836
Represented by:    
Cash and cash equivalents 222,596 244,370
Restricted cash 279 466
Total 222,875 244,836
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash received for amounts related to tenant improvement allowances 2,042 2,063
Cash paid for amounts included in the measurement of lease liabilities 2,672 1,362
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities 107 13,543
Remeasurement of operating lease right-of-use asset for lease modification 5 4,208
Deferred offering costs included in accounts payable and accrued liabilities $ 0 $ 398