XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net loss $ (166,037) $ (164,997)
Adjustments to reconcile net loss to net cash used for operating activities:    
Stock-based compensation expense 33,963 34,183
Depreciation and amortization 2,227 2,135
Amortization of debt discount 785 1,013
Amortization of debt issuance costs 69  
Amortization of premium on short-term investments 223 39
Impairment of property and equipment 354 61
Change in operating assets and liabilities:    
Accounts receivable (1,236) 6,225
Inventory 403 (17,781)
Prepaid expenses and other assets (5,694) 6,799
Accounts payable 5,360 9,309
Accrued clinical and manufacturing liabilities (32,811) 6,104
Accrued payroll and employee liabilities 2,409 (2,013)
Other accrued liabilities 1,889 (13,343)
Net cash used for operating activities (158,096) (132,266)
Investing activities:    
Purchases of short-term investments (91,321) (92,040)
Maturities and sales of short-term investments 150,940 248,525
Purchases of property and equipment (2,632) (4,319)
Net cash provided by investing activities 56,987 152,166
Financing activities:    
Net proceeds from convertible note financing 148,963  
Proceeds from issuance of common stock under equity incentive plan 5,049 1,833
Proceeds from purchases under the Employee Stock Purchase Plan 1,529 1,507
Proceeds from warrant exercises   3
Net cash provided by financing activities 155,541 3,343
Net increase in cash and cash equivalents 54,432 23,243
Cash and cash equivalents at beginning of year 105,138 71,898
Cash and cash equivalents at end of period $ 159,570 $ 95,141