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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (151,059) $ (181,702)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 25,061 38,621
Depreciation and amortization expense 14,605 15,193
Impairment of other investments 13,001 12,923
Net amortization and accretion on marketable securities (11,716) (6,212)
Non-cash lease income (1,591) (1,344)
Change in fair value of success payment liabilities (669) (3,309)
Loss on property and equipment disposals, net 417 1,072
Gain on marketable equity security (47) 0
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets (1,861) (23)
Accounts payable (1,198) 1,039
Accrued liabilities and other current liabilities 4 1,020
Other non-current liabilities (99) (337)
Net cash used in operating activities (115,152) (123,059)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (420) (2,661)
Purchases of marketable securities (355,905) (220,095)
Maturities of marketable securities 425,244 507,494
Net cash provided by investing activities 68,919 284,738
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 155 155
Proceeds from employee stock purchase plan 810 1,163
Taxes paid related to net share settlement of equity awards (76) (334)
Net cash provided by financing activities 889 984
Net (decrease) increase in cash, cash equivalents and restricted cash (45,344) 162,663
Cash, cash equivalents and restricted cash at beginning of period 145,931 123,834
Cash, cash equivalents and restricted cash at end of period 100,587 286,497
Represented by:    
Cash and cash equivalents 100,299 286,214
Restricted cash 288 283
Total 100,587 286,497
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for amounts included in the measurement of lease liabilities 8,449 8,030
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ 23 $ 2