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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (181,702) $ (174,721)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 38,621 63,561
Depreciation and amortization expense 15,193 12,979
Impairment of other investments 12,923 5,000
Net amortization and accretion on marketable securities (6,212) 278
Change in fair value of success payment liabilities (3,309) 2,177
Non-cash lease income (1,344) (1,104)
Loss on property and equipment disposals, net 1,072 97
Change in fair value of equity warrant 0 1,067
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets (23) (672)
Accounts payable 1,039 1,193
Accrued liabilities and other current liabilities 1,020 (5,836)
Deferred revenue 0 (36,299)
Operating lease liabilities, non-current 0 3,331
Other non-current liabilities (337) (339)
Net cash used in operating activities (123,059) (129,288)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,661) (19,694)
Purchases of marketable securities (220,095) (346,647)
Sales and maturities of marketable securities 507,494 308,153
Net cash provided by (used in) investing activities 284,738 (58,188)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 155 9,252
Proceeds from employee stock purchase plan 1,163 887
Taxes paid related to net share settlement of equity awards (334) (367)
Net cash provided by financing activities 984 9,772
Net increase (decrease) in cash, cash equivalents and restricted cash 162,663 (177,704)
Cash, cash equivalents and restricted cash at beginning of period 123,834 294,294
Cash, cash equivalents and restricted cash at end of period 286,497 116,590
Represented by:    
Cash and cash equivalents 286,214 116,311
Restricted cash 283 279
Total 286,497 116,590
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for amounts included in the measurement of lease liabilities 8,030 8,136
Cash received for amounts related to tenant improvement allowances 0 3,238
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ 2 $ 3,563