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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net loss $ (245,390) $ (241,340) [1] $ (29,704) [1]
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization expense 21,807 11,734 6,407
Stock-based compensation expense 219,421 120,231 5,482
Change in fair value of warrant and contingent liabilities (198,401) 0 0
Provision for excess and obsolete inventory 2,129 0 0
Non-cash lease expense 1,555 2,400 (176)
Loss on extinguishment of debt 301 0 0
Amortization of debt issuance costs 66 0 0
Change in operating assets and liabilities:      
Accounts receivable 5,535 (10,611) (4,567)
Inventory (10,624) (8,979) (7,970)
Prepaid expenses and other current assets (14,250) 2,498 (2,526)
Due to/from related parties 1,433 (442) (919)
Other assets (1,861) 1,175 (4,395)
Accounts payable and accrued expenses 25,916 14,805 12,847
Contract liabilities (1,310) (559) 2,342
Other current liabilities 3,239 15,960 4,451
Net cash used in operating activities (190,434) (93,128) (18,728)
Investing activities      
Purchases of property and equipment (9,400) (24,094) (11,923)
Development of internal-use software assets (11,386) (7,880) (3,533)
Net cash used in investing activities (20,786) (31,974) (15,456)
Financing activities      
Proceeds from Prior PIPE issuance 350,000 0 0
Proceeds from equity infusion from the merger, net of redemptions 442,684 0 0
Legacy Sema4 Shareholder payout (230,665) 0 0
Payment of transaction costs (51,760) 0 0
Stock Appreciation Rights payout (3,795) 0 0
Repayment of long-term debt (8,741) 0 0
Exercise of stock options 1,271 0 0
Capital contributions from ISMMS 0 0 30,897
Proceeds from long-term debt 0 15,928 0
Long-term debt principal payments (1,000) (186) 0
Debt issuance costs (537) 0 0
Capital lease principal payments (3,728) (4,010) (1,709)
Net cash provided by financing activities 493,729 129,056 148,012
Net increase in cash, cash equivalents and restricted cash 282,509 3,954 113,828
Cash, cash equivalents and restricted cash, at beginning of year 118,960 115,006 1,178
Cash, cash equivalents and restricted cash, at end of year 401,469 118,960 115,006
Supplemental disclosures of cash flow information      
Cash paid for interest 2,751 1,745 305
Cash paid for taxes 349 0 0
Purchases of property and equipment in accounts payable and accrued expenses 761 447 818
Software development costs in accounts payable and accrued expenses 1,149 1,473 1,040
Non-cash Series A redeemable convertible preferred stock dividends declared and paid 0 0 3,039
Debt issuance costs incurred but unpaid 1,000 0 0
Series B redeemable convertible preferred stock      
Financing activities      
Proceeds from Issuance of Redeemable Preferred Stock 0 0 118,824
Series C redeemable convertible preferred stock      
Financing activities      
Proceeds from Issuance of Redeemable Preferred Stock $ 0 $ 117,324 $ 0
[1] Certain expenses were previously misclassified as cost of services. These expenses are now reported as selling and marketing. This adjustment has no impact on total revenue, loss from operations, net loss and comprehensive loss or net loss per share. Refer to Note 2, “Summary of Significant Accounting Policies” to our consolidated financial statements for further information.