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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (18,000) $ (22,645) $ (116,445)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 597 180 23
Amortization of investments 1,602    
Stock-based compensation 45,813 30,917 18,806
Amortization of debt discount and debt issuance costs 635 1,644 2,183
Amortization of intangible asset 1,441 679 646
Changes in assets and liabilities:      
Accounts receivable, net (38,144) (49,907) (21,205)
Inventory (112,095) (18,967) (27,542)
Prepaid and other current assets (17,636) (10,366) 510
Other long-term assets 642 (900)  
Interest receivable (1,329)    
Accrued interest payable (428) (210) (310)
Deferred revenue (2,214) 136 1,656
Accounts payable, accrued expenses and other current liabilities 114,741 65,913 37,602
Other long-term liabilities 2,629 (5,840) 9,373
Net cash used in operating activities (21,746) (9,366) (94,703)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Sale and maturities of securities 301,989    
Purchases of securities (678,700)    
Purchases of furniture, fixtures and equipment (252) (2,478) (58)
Net cash used in investing activities (376,963) (2,478) (58)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock, net of transaction costs   440,108 264,840
Proceeds from issuance of common stock under employee stock purchase plan 1,957 2,165 1,043
Proceeds from exercise of stock options, net of transaction costs 5,158 24,478 26,402
Payment of transaction costs for conversion of preferred stock (504)   (39)
Payment on debt from royalty-bearing instrument (50,336) (31,652) (14,690)
Transaction costs related to exchange of exchangeable senior notes     (121)
Taxes related to stock-based awards (15,182) (25,487) (6,184)
Net cash (used in) provided by financing activities (58,907) 409,612 271,251
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (457,616) 397,768 176,490
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 648,495 250,727 74,237
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 190,879 648,495 250,727
Cash paid during the year for:      
Interest 2,043 4,591 21,527
Income taxes 207 67 850
Supplemental disclosure of non-cash transactions:      
Laxdale milestone   8,457  
Initial recognition of operating lease right-of-use asset   $ 8,995  
Exchange of exchangeable senior notes into common stock     29,490
Conversion of Series A Convertible Preferred Stock into common stock $ 18,020   $ 2,514