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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (65,165) $ (89,869)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 3,701 3,917
Amortization of right-of-use operating lease assets 602 394
Amortization of patents 592 544
Amortization of premium on investments, net 4,175 4,023
Amortization of debt issuance costs 1,343 860
Stock-based compensation expense 26,236 37,861
Gain on investments (10) (13)
Non-cash losses related to disposal of property, plant and equipment 527 0
Non-cash losses related to patents 110 221
Changes in operating assets and liabilities:    
Contracts receivable 35,774 52,807
Inventories 774 (234)
Other current and long-term assets (7,222) 16,481
Income taxes receivable 865 2
Accounts payable 2,878 (9,569)
Accrued compensation (22,285) (36,465)
Accrued liabilities and other current liabilities 10,473 (11,905)
Deferred contract revenue (25,018) (23,717)
Net cash used in operating activities (31,650) (54,662)
Investing activities:    
Purchases of short-term investments (462,855) (330,051)
Proceeds from sale of short-term investments 178,837 411,907
Purchases of property, plant and equipment (2,705) (1,772)
Acquisition of licenses and other assets, net (826) (1,228)
Net cash (used in) provided by investing activities (287,549) 78,856
Financing activities:    
Proceeds from equity, net 1,848 7,760
Payments of tax withholdings related to vesting of employee stock awards and exercise of employee stock options (9,173) (15,337)
Net cash used in financing activities (7,325) (7,577)
Effects of exchange rates on cash (154) (126)
Net (decrease) increase in cash and cash equivalents (326,678) 16,491
Cash and cash equivalents at beginning of period 869,191 397,664
Cash and cash equivalents at end of period 542,513 414,155
Supplemental disclosures of cash flow information:    
Interest paid 594 594
Income taxes paid 2 2
Supplemental disclosures of non-cash investing and financing activities:    
Amounts accrued for capital and patent expenditures $ 1,344 $ 1,876