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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (17,133) $ (396,068)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,290 10,134
Non-cash lease expense 7,381 6,759
Stock-based compensation 80,529 70,087
Non-cash interest expense 783 11,886
Net (accretion of discount) amortization of premium on investments (17,172) (11,527)
Non-cash debt extinguishment gain (173,676)  
Other (1,677) 2,342
Changes in assets and liabilities:    
Accounts receivable (22,516) (18,970)
Inventory (6,055) (5,195)
Prepaid expenses and other current assets (7,350) 10,570
Other assets (9,572) (1,724)
Accrued expenses and accounts payable 3,447 (10,856)
Other long-term liabilities (6,199) (7,235)
Deferred revenue 2,561 (10,280)
Operating lease liabilities (8,863) (7,842)
Net cash used in operating activities (163,222) (357,919)
Cash flows from investing activities    
Purchases of property and equipment (3,698) (11,389)
Purchases of investments (756,662) (648,705)
Maturities of investments 679,150 855,365
Net cash provided by (used in) investing activities (81,210) 195,271
Cash flows from financing activities    
Proceeds from at-the-market offerings, net of issuance costs 48,936  
Net proceeds from stock option exercises and employee stock purchase plan 67,984 5,729
Net proceeds from term loan facility 146,973 97,968
Principal payments for financing arrangements (541)  
Net cash provided by financing activities 263,352 103,697
Net increase (decrease) in cash, cash equivalents, and restricted cash 18,920 (58,951)
Cash, cash equivalents and restricted cash at beginning of period 81,524 124,904
Effect of exchange rate changes on cash, cash equivalents and restricted cash 415 (285)
Cash, cash equivalents and restricted cash at end of period 100,859 65,668
Supplemental cash flow information    
Cash paid for interest 56,055 25,455
Property and equipment purchases unpaid at period end 106 1,921
Cash paid for taxes, net $ 789 $ 762