Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows used in operating activities:    
Net loss $ (73,145) $ (97,389)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,678 1,264
Share-based compensation expense 17,078 15,574
Other, net 2,511 (2,904)
Net changes in operating assets and liabilities    
Accounts receivable (2,758) (4,418)
Inventories, net (7,953) (3,449)
Prepaid expenses and other current assets (4,914) (1,987)
Non-current assets (517) 229
Accounts payable, accrued and other liabilities (6,242) 1,031
Lease liabilities (355) 529
Net cash used in operating activities (74,617) (91,520)
Cash flows used in investing activities:    
Purchase of investments (232,955) (216,987)
Proceeds from investments 225,677 164,651
Upfront lease payment 0 (11,838)
Purchase of non-current assets (118) (364)
Additions to internal use-software implementation costs 0 (1,039)
Net cash used in investing activities (7,396) (65,577)
Cash flows from financing activities    
Proceeds from exercise of stock options and employee share purchase plan 1,745 6,278
Proceeds from exercise of warrants 0 30
Cash provided by financing activities 1,745 6,308
Net decrease in cash, cash equivalents and restricted cash (80,268) (150,789)
Cash, cash equivalents and restricted cash, beginning of period 231,900 272,350
Cash, cash equivalents and restricted cash, end of period 151,632 121,561
Supplemental cash flow information    
Cash received for interest 528 376
Cash paid for taxes (779) (236)
Cash paid for amounts included in the measurement of lease liabilities (572) (128)
Supplemental disclosure of noncash transactions    
Initial recognition of operating lease right-of-use asset 0 419
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets    
Cash, cash equivalents 151,408 121,561
Restricted cash 224 0
Total cash, cash equivalents and restricted cash $ 151,632 $ 121,561