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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (57,785) $ (57,641)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 452 416
Stock-based compensation expense 10,983 8,708
In process research and development expenses 20 30
Amortization of operating lease right-of-use assets 645 858
Amortization of long-term debt discount and issuance costs 292 1,605
Amortization of premium on marketable securities, net of accretion of discounts 125 66
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,589) (2,855)
Other assets 61 16
Operating lease liabilities (683) 117
Accounts payable (2,507) (6,565)
Accrued expenses 52 (729)
Accrued research and development expenses 753 1,078
Accrued compensation and benefits (5,802) (6,500)
Accrued interest expense 2,500 2,500
Net cash used in operating activities (53,483) (58,896)
Cash flows from investing activities    
Research and development asset acquisitions, net of cash acquired (20) (30)
Purchase of marketable securities (37,403) 0
Maturities of marketable securities 46,000 12,800
Purchase of property and equipment (157) (802)
Net cash provided by investing activities 8,420 11,968
Cash flows from financing activities    
Proceeds from the exercise of stock options 126 15
Net cash provided by financing activities 721 774
Effect of exchange rate changes on cash, cash equivalents and restricted cash (154) (242)
Net decrease in cash, cash equivalents and restricted cash (44,496) (46,396)
Cash, cash equivalents and restricted cash, at the beginning of the period 183,467 486,620
Cash, cash equivalents and restricted cash, at the end of the period 138,971 439,982
Supplemental disclosure of cash flow information:    
Cash paid for interest 675 675
Supplemental disclosure of noncash investing and financing activities:    
Operating lease right-of-use asset obtained in exchange for lease liability 3,029 0
Change in unrealized loss on marketable securities, net of tax (377) (69)
Employee Stock Purchase Plan    
Cash flows from financing activities    
Purchase of shares pursuant to Employee Stock Purchase Plan $ 595 $ 759