Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows used in operating activities:    
Net loss $ (97,389) $ (52,476)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation of property and equipment 331 31
Amortization of intangible assets 1,059 586
Share-based compensation expense 15,574 7,698
Other, net (2,904) 1,071
Net changes in operating assets and liabilities    
Accounts receivable (4,418) (162)
Inventories (3,449) 0
Prepaid expenses and other current assets (1,987) (4,411)
Non-current assets 229 0
Right of use assets (126) (5,649)
Accounts payable and accrued liabilities 1,031 2,464
Lease liabilities 529 6,202
Net cash used in operating activities (91,520) (44,646)
Cash flows used in investing activities:    
Purchase of investments (216,987) (31,954)
Proceeds from investments 164,651 0
Purchases of equipment (358) (427)
Upfront lease payment (11,838) 0
Additions to internal use-software implementation costs (1,039) (375)
Capitalized patent costs (6) (79)
Net cash used in investing activities (65,577) (32,835)
Cash flows from financing activities    
Proceeds from exercise of stock options 6,278 3,875
Proceeds from exercise of warrants 30 1
Cash provided by financing activities 6,308 3,876
Net decrease in cash and cash equivalents (150,789) (73,605)
Cash and cash equivalents, beginning of period 272,350 306,019
Cash and cash equivalents, end of period 121,561 232,414
Supplemental cash flow information:    
Cash received for interest 376 1,211
Cash paid for taxes (236) (51)
Cash paid for amounts included in the measurement of lease liabilities (128) 0
Supplemental disclosure of noncash transactions    
Initial recognition of operating lease right-of-use asset $ 419 $ 5,804