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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flow from operating activities:    
Net loss $ (69,868) $ (37,470)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 10,752 6,981
Depreciation 779 461
Amortization of discount on investments (418) (292)
Loss on disposal of equipment 49  
Change in operating assets and liabilities:    
Prepaid expenses and other current assets 226 448
Operating lease right-of-use assets 1,066 635
Other long-term assets   (13)
Accounts payable (467) 1,950
Accrued liabilities (1,512) (180)
Prepayment from collaboration partner   (9,874)
Operating lease liabilities (504)  
Other long-term liabilities   (692)
Net cash used in operating activities (59,897) (38,046)
Cash flow from investing activities:    
Purchases of investments   (32,697)
Sales of investments 4,000 4,000
Maturities of investments 96,475 16,000
Purchases of property and equipment (12,627) (813)
Net cash provided by (used in) investing activities 87,848 (13,510)
Cash flow from financing activities:    
Proceeds from issuance of common stock in follow-on offerings, net of issuance and financing costs   271,485
Proceeds from exercise of stock options and employee stock purchase plan 1,817 280
Net cash provided by financing activities 1,817 271,765
Net increase in cash, cash equivalents and restricted cash 29,768 220,209
Cash, cash equivalents and restricted cash, beginning of period 103,630 248,265
Cash, cash equivalents and restricted cash, end of period 133,398 468,474
Non-cash investing and financing activities:    
Unpaid portion of property and equipment purchases included in period-end accounts payable and accrued liabilities $ 2,015 570
Vesting of early exercised options and restricted stock   8
Unpaid financing-related costs   $ 262