XML 216 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net loss $ (542,731) $ (31,251) $ (112,485)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 14,012 7,066 3,905
Stock-based compensation 48,626 13,333 2,658
Amortization of right-of-use assets 5,009 0 0
Loss on extinguishment of debt 1,521 0 0
Class A common stock issued for in-process research and development 306,000 0 792
Loss on disposal of property and equipment 29 614 251
Accretion of discount on term loan 17 101 455
Changes in operating assets and liabilities:      
Accounts receivable (17,847) (5,284) (14,747)
Inventory (14,601) (6,699) (3,732)
Prepaid expenses and other current assets (5,265) (3,535) (2,429)
Other assets (2,686) (251) (999)
Accounts payable (7,770) 4,901 2,587
Accrued compensation and other related benefits 2,936 5,292 2,600
Deferred revenue 2,023 634 1,673
Accrued contingent liabilities (24,485) 30,658 38,000
Accrued expenses and other current liabilities 25,917 5,771 1,701
Deferred rent, noncurrent 0 12,730 3,328
Operating lease liability (4,832) 0 0
Other noncurrent liabilities (3,771) 547 33
Net cash (used in) provided by operating activities (217,898) 34,627 (76,409)
Investing activities:      
Purchases of property and equipment (36,666) (42,742) (6,284)
Acquisition of intangible assets (1,728) (25) (425)
Net cash used in investing activities (38,394) (42,767) (6,709)
Financing activities:      
Proceeds from term loans 0 0 19,512
Payments on term loans (31,256) 0 (704)
Proceeds from borrowings under revolver 0 11,000 0
Payments on borrowings under revolver 0 (11,000) 0
Payments on financing arrangement (5,848) 0 0
Payments on capital lease obligations 0 0 (69)
Proceeds from issuance of common stock upon initial and follow-on public offerings, net of issuance costs 482,267 410,824 0
Proceeds from issuance of preferred stock, net of issuance costs 0 0 84,830
Issuance of common stock from exercise of stock options and employee stock purchase plan purchases 23,743 3,766 1,798
Net cash provided by financing activities 468,906 414,590 105,367
Effect of exchange rates on changes in cash, cash equivalents, and restricted cash (463) (45) (18)
Net increase in cash, cash equivalents, and restricted cash 212,151 406,405 22,231
Cash, cash equivalents, and restricted cash at beginning of year 476,493 70,088 47,857
Cash, cash equivalents, and restricted cash at end of year 688,644 476,493 70,088
Supplemental disclosures of cash flow information:      
Cash paid for interest 1,670 2,250 1,824
Cash paid for taxes 280 22 6
Noncash investing and financing activities      
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities 2,983 4,492 2,260
Right-of-use assets obtained in exchange for new operating lease liabilities 13,562 0 0
Conversion of convertible preferred stock into common stock upon initial public offering 0 243,244 0
Purchase of technology licenses under financing arrangement $ 0 $ 22,099 $ 0