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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,626) $ (20,553)
Adjustments to reconcile loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 150 146
Amortization (accretion) of investments 649 (151)
Stock-based compensation 13,925 10,591
Amortization of debt discount and debt issuance costs   289
Amortization of intangible asset 361 360
Changes in assets and liabilities:    
Accounts receivable, net 3,299 (41,858)
Inventory (42,028) (15,352)
Prepaid and other current assets 1,251 (7,416)
Other long-term assets (24)  
Interest receivable 118 (1,021)
Accrued interest payable   (111)
Deferred revenue (662) 961
Accounts payable and other current liabilities 6,479 79,285
Other long-term liabilities (596) (1,033)
Net cash (used in) provided by operating activities (18,704) 4,137
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sale and maturities of securities 127,925 17,077
Purchases of securities   (310,648)
Disposal of furniture, fixtures and equipment 4  
Purchases of furniture, fixtures and equipment   (251)
Net cash provided by (used in) investing activities 127,929 (293,822)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options, net of transaction costs 2,059 1,306
Payment on debt from royalty-bearing instrument   (13,330)
Taxes paid related to stock-based awards (7,252) (13,831)
Net cash used in financing activities (5,193) (25,855)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 104,032 (315,540)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 190,879 648,495
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 294,911 332,955
Cash paid during the year for:    
Interest   $ 875
Income taxes 5  
Supplemental disclosure of non-cash transactions:    
Laxdale Milestone $ 12,000