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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss     $ (254,411) $ (226,807)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization     5,111 4,220
Loss on disposal of property and equipment     0 15
Stock-based compensation     75,037 63,655
Accretion of investment discounts and premiums     (9,934) (11,667)
(Recognition) deferral of equity method investment intra-entity profit on sales     (20,967) 5,656
Change in fair value of investments $ 20,354 $ 0 26,419 0
Loss from equity method investment 0 4,000 0 7,048
Change in fair value of contingent consideration 0 0 0 100
Changes in operating assets and liabilities:        
Accounts receivable     24,128 (1,289)
Prepaid expenses and other current assets     (6,239) (6,078)
Operating lease right-of-use assets     9,963 9,373
Other assets     1,493 (503)
Accounts payable     10,916 6,287
Accrued expenses     (20,555) (12,525)
Deferred revenue     (10,757) (28,919)
Operating lease liabilities     (9,052) (8,217)
Net cash used in operating activities     (178,848) (199,651)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment     (3,518) (8,133)
Purchases of marketable securities     (560,368) (625,319)
Sales and maturities of marketable securities     545,597 476,666
Net cash used in investing activities     (18,289) (156,786)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from options exercised     3,137 1,220
Issuance of shares through employee stock purchase plan     1,669 2,051
Net cash provided by financing activities     101,238 4,737
Net decrease in cash, cash equivalents and restricted cash equivalents     (95,899) (351,700)
Cash, cash equivalents and restricted cash equivalents, beginning of period     240,353 535,463
Cash, cash equivalents and restricted cash equivalents, end of period 144,454 183,763 144,454 183,763
Reconciliation of cash, cash equivalents and restricted cash equivalents to condensed consolidated balance sheet:        
Cash and cash equivalents 130,849 171,806 130,849 171,806
Restricted cash equivalents, included in investments and other assets 13,605 11,957 13,605 11,957
Total cash, cash equivalents and restricted cash equivalents 144,454 183,763 144,454 183,763
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Purchases of property and equipment unpaid at period end     631 2,998
Shares issued for Rewrite contingent consideration $ 0 $ 24,126 0 24,126
At The Market Offerings [Member]        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net proceeds from issuance of common stock through at-the-market offerings     $ 96,432 $ 1,466