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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (106,476) $ (130,849)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 17,439 28,105
Impairment of other investments 13,001 12,923
Depreciation and amortization expense 9,925 10,089
Net amortization and accretion on marketable securities (8,129) (3,925)
Gain on marketable equity security (149) 0
Change in fair value of success payment liabilities (566) (603)
Non-cash lease income (979) (816)
Loss on property and equipment disposals, net 15 430
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets (246) 641
Accounts payable (630) 2,449
Accrued liabilities and other current liabilities (3,090) (3,592)
Other non-current liabilities (225) (225)
Net cash used in operating activities (80,110) (85,373)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (361) (2,466)
Purchases of marketable securities (224,475) (141,815)
Maturities of marketable securities 291,837 329,347
Net cash provided by investing activities 67,001 185,066
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 155 83
Proceeds from employee stock purchase plan 810 1,163
Taxes paid related to net share settlement of equity awards (76) (119)
Net cash provided by financing activities 889 1,127
Net (decrease) increase in cash, cash equivalents and restricted cash (12,220) 100,820
Cash, cash equivalents and restricted cash at beginning of period 145,931 123,834
Cash, cash equivalents and restricted cash at end of period 133,711 224,654
Represented by:    
Cash and cash equivalents 133,424 224,372
Restricted cash 287 282
Total 133,711 224,654
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for amounts included in the measurement of lease liabilities 5,551 5,215
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ 50 $ 33