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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net income (loss) for the period $ 2,611 $ (78,618)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Share-based compensation expense 14,553 8,933
Depreciation expense 1,523 1,103
Non-cash lease expense 1,643 1,248
Foreign exchange (gain) loss (230) 10
Net (accretion)/amortization of marketable securities (733) 85
Deferred tax (3,857) (1,431)
Changes in operating assets and liabilities:    
Prepaid expenses 676 (2,425)
Research and development tax credits receivable (340) (295)
Collaboration revenue receivable (9,626) 0
Other receivables (831) 3,429
Other non-current assets 89 (616)
Accounts payable 7,066 (295)
Accrued expenses and other current liabilities (1,291) 5,166
Operating lease liability, current portion 536 (174)
Income taxes (1,152) 129
Operating lease liability, net of current portion (1,672) (584)
Deferred revenue 20,994 (723)
Net cash provided by (used in) operating activities 29,959 (65,058)
Cash Flows From Investing Activities:    
Purchases of property and equipment (2,322) (1,525)
Proceeds from maturities of marketable securities 6,400 5,450
Purchase of marketable securities (213,914) (5,203)
Net cash used in investing activities (209,836) (1,278)
Cash Flows From Financing Activities:    
Proceeds from exercise of stock options 283 712
Proceeds from issuance of common stock under the 2020 Employee Share Purchase Plan 432 283
Net cash provided by financing activities 715 995
Effect of exchange rate fluctuations on cash held (74) (60)
Net Decrease In Cash And Cash Equivalents (179,236) (65,401)
Cash and cash equivalents at beginning of period 334,427 326,396
Cash and cash equivalents at end of period 155,191 260,995
Supplemental Disclosure Of Cash Flow Information:    
Property and equipment purchases incurred but not yet paid 0 13
Right-of-use asset obtained in exchange for new operating lease liability 56 3,827
Deferred financing costs in accruals and other current liabilities $ 0 $ 104