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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (20,958) $ (66,611)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 37 906
Stock-based compensation 2,851 4,432
Amortization of debt issuance costs 14 362
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 294 26,397
(Increase) decrease in inventory 0 96
(Increase) decrease in prepaid expenses and other current assets 1,095 (2,875)
Decrease in other assets (74) 102
Decrease in accounts payable and other liabilities (8,418) 15,137
Net cash provided by (used in) operating activities (25,159) (22,054)
Cash flows from investing activities:    
Purchases of property and equipment (38) 0
Purchases of investments (21,686) (33,222)
Maturities of investments 4,000 76,000
Net cash (used in) provided by investing activities (17,724) 42,778
Cash flows from financing activities:    
Proceeds from issuance of common stock 16,947 0
Repurchase of common stock (2,675) (923)
Repayment of debt borrowings, net of fees 0 (321)
Net cash used in financing activities 14,272 (1,244)
Net increase (decrease) in cash and cash equivalents (28,611) 19,480
Cash and cash equivalents at beginning of period 126,263 36,112
Cash and cash equivalents at end of period 97,652 55,592
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 $ 3,658
Initial recognition of right of use asset 1,700  
Operating Lease, Right-of-Use Asset 2,900  
Issuance of common stock under Equity Incentive Plans, value $ 16,399