XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:      
Net loss $ (18,067) $ (39,025) $ (135,682)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization   79 1,806
Stock-based compensation   5,637 8,690
Amortization of debt issuance costs   29 726
Asset Impairment Charges 0 0 1,600
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable   236 25,656
(Increase) decrease in inventory   0 254
(Increase) decrease in prepaid expenses and other current assets   451 (4,141)
Decrease in other assets   261 207
Decrease in accounts payable and other liabilities   (14,707) 32,532
Net cash provided by (used in) operating activities   (47,039) (68,352)
Cash flows from investing activities:      
Purchases of property and equipment   (985) 0
Purchases of investments   (24,373) (37,148)
Maturities of investments   21,772 158,000
Net cash (used in) provided by investing activities   (3,586) 120,852
Cash flows from financing activities:      
Proceeds from issuance of common stock   16,924 0
Repurchase of common stock   (2,675) (1,026)
Repayment of debt borrowings, net of fees   0 (643)
Net cash used in financing activities   14,249 (1,669)
Net increase (decrease) in cash and cash equivalents   (36,376) 50,831
Cash and cash equivalents at beginning of period   126,263 36,112
Cash and cash equivalents at end of period 89,887 89,887 86,943
Supplemental disclosure of cash flow information:      
Cash paid for interest   307 $ 9,569
Initial recognition of right of use asset 1,704 1,704  
Operating Lease, Right-of-Use Asset 2,700 $ 2,700  
Issuance of common stock under Equity Incentive Plans, value $ 8