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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net loss $ (149,387) $ (102,107)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 4,283 2,010
Equity-based compensation 29,848 20,857
Loss from equity method investment   2,037
Other expense, non-cash 889  
Changes in:    
Accounts receivable 66 (233)
Prepaid expenses and other assets 23,595 (1,399)
Accounts payable and accrued expenses 13,216 (849)
Deferred revenue (201) (50)
Operating lease assets and liabilities (111) (391)
Other liabilities, net (3,652) 6
Net cash used in operating activities (81,454) (80,119)
Investing activities:    
Purchase of property and equipment (6,596) (3,271)
Net cash used in investing activities (6,596) (3,271)
Financing activities:    
Proceeds from issuance of common shares, net of issuance costs 83,021 52,294
Proceeds from exercise of options, net of issuance costs 7,616 3,086
Net cash provided by financing activities 90,637 55,380
Effect of exchange rate changes on cash (28) (2)
Increase (decrease) in cash 2,559 (28,012)
Cash, cash equivalents and restricted cash, beginning of period 948,812 459,812
Cash, cash equivalents and restricted cash, end of period 951,371 431,800
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment purchases in accounts payable and accrued expenses 2,585 702
Equity issuance costs in accounts payable and accrued expenses $ 1,009 $ 477