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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities:    
Net loss $ (78,939) $ (72,559)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,639 1,583
Amortization of discount on marketable securities (1,146) (2,455)
Amortization and other changes in right-of-use assets 3,788 1,923
Gain on free shares (48) (551)
Stock-based compensation 12,384 9,390
Net loss on lease termination 0 218
Other 0 11
Net changes in operating assets and liabilities:    
Interest receivable 148 (391)
Accounts receivable 31,291 (7,422)
Prepaid expenses and other assets (7,763) (5,449)
Accounts payable and accrued liabilities 1,559 1,811
Accrued compensation and employee benefits (248) (764)
Deferred revenues 178,890 (10,821)
Long-term portion of lease liabilities (1,797) (563)
Other non-current liabilities 345 1,327
Net cash provided by (used in) operating activities 141,103 (84,712)
Investing Activities:    
Purchases of marketable securities (43,580) (244,306)
Maturities of marketable securities 151,839 226,884
Purchases of property and equipment (6,694) (9,760)
Purchase of additional shares of Sangamo France (237) 0
Net cash provided by (used in) investing activities 101,328 (27,182)
Financing Activities:    
Proceeds from public offering of common stock, net of issuance costs 0 136,308
Proceeds from issuance of common stock in connection with the Biogen collaboration agreement, net of issuance costs 142,526 0
Taxes paid related to net share settlement of equity awards (455) (296)
Proceeds from exercise of stock options and restricted stock units 1,307 4,094
Proceeds from exercise of stock options and restricted stock units 1,187 0
Net cash provided by financing activities 144,565 140,106
Effects of changes in foreign exchange rates 19 592
Net increase in cash, cash equivalents, and restricted cash 387,015 28,804
Cash, cash equivalents, and restricted cash, beginning of period 81,928 143,918
Cash, cash equivalents, and restricted cash, end of period 468,943 172,722
Supplemental disclosure of non-cash activities:    
Property and equipment included in unpaid liabilities 1,977 1,679
Right-of-use assets obtained in exchange for lease obligations $ 0 $ 29,671