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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (664,326) $ (418,821)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration 464 (5,591)
Depreciation and amortization 17,335 14,378
Stock-based compensation expense 101,829 123,640
(Gain) loss on equity securities (28,765) 9,068
Excess inventory reserve 29,712 0
Other non-cash items 13,358 (1,538)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 3,287 (2,534)
Inventory (19,007) (9,382)
Operating lease right-of-use assets 22,630 16,345
Accounts payable 2,004 (15,420)
Accrued expenses and other liabilities 54,774 (13,056)
Operating lease liabilities (24,499) (14,603)
Deferred revenue 210 8,558
Collaboration research advancement (4,920) (6,202)
Net cash used in operating activities (495,914) (315,158)
Cash flows from investing activities:    
Purchase of property, plant and equipment (12,944) (21,098)
Purchases of marketable securities (421,416) (964,428)
Proceeds from maturities of marketable securities 802,367 722,487
Proceeds from sales of marketable securities 31,318 29,878
Proceeds from divestiture of business 110,300 0
Purchase of intangible assets (8,000) 0
Net cash provided by (used in) investing activities 501,625 (233,161)
Cash flows from financing activities:    
Proceeds from public offering of common stock, net of issuance costs 0 541,536
Proceeds From Issuance Of Common Stock And Warrants 74,982 0
Proceeds from exercise of stock options and ESPP contributions 5,078 3,747
Net cash provided by financing activities 80,060 545,283
Increase in cash, cash equivalents and restricted cash 85,771 (3,036)
Cash, cash equivalents and restricted cash at beginning of period 373,728 381,709
Cash, cash equivalents and restricted cash at end of period 459,499 378,673
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 402,461 324,164
Restricted cash included in receivables and other current assets 2,530 0
Restricted cash included in restricted cash and other non-current assets 54,508 54,509
Total cash, cash equivalents and restricted cash 459,499 378,673
Supplemental cash flow disclosures from investing and financing activities:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 732 1,686
Right-of-use assets obtained in exchange for operating lease liabilities 22,049 18,909
Reduction of right of use asset and associated lease liability due to lease reassessment (9,004) 0
Issuance of unrestricted stock awards to settle accrued employee compensation $ 14,488 $ 0