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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (254,153) $ (292,213) $ (120,114)
Adjustments to reconcile net loss to net cash used in operating activities:      
Change in fair value of contingent consideration 232 439 (6,468)
Depreciation and amortization 11,533 16,350 13,188
Stock-based compensation expense 41,040 54,629 60,997
Other non-cash items 85 430 73
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (8,356) 1,578 1,526
Operating lease right-of-use assets 34,649 15,541 13,764
Accounts payable 327 (6) (13,240)
Accrued expenses and other liabilities (8,110) 15,733 (7,479)
Operating lease liabilities (12,042) (16,199) (10,960)
Deferred revenue (22,762) 4,180 8,317
Collaboration research advancement (19,577) (7,496) (7,397)
Net cash used in operating activities (237,134) (207,034) (67,793)
Cash flows from investing activities:      
Purchases of property, plant and equipment (22,842) (11,575) (22,261)
Purchases of marketable securities (145,908) 0 0
Proceeds from maturities of marketable securities 180,447 34,986 0
Purchase of intangible assets 0 (8,000) 0
Net cash provided by (used in) investing activities 11,697 15,411 (22,261)
Cash flows from financing activities:      
Transfers from bluebird bio 0 354,889 90,054
Proceeds from issuance of common stock in private placement, net of issuance costs 165,533 0 0
Proceeds from exercise of stock options and ESPP contributions 696 0 0
Net cash provided by financing activities 166,229 354,889 90,054
Decrease in cash, cash equivalents and restricted cash (59,208) 163,266 0
Cash, cash equivalents and restricted cash at beginning of year 163,266 0 0
Cash, cash equivalents and restricted cash at end of year 104,058 163,266 0
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 71,032 130,414 0
Restricted cash included in restricted cash and other non-current assets 33,026 32,852 0
Total cash, cash equivalents and restricted cash 104,058 163,266 0
Supplemental cash flow disclosures:      
Purchases of property, plant and equipment included in accounts payable and accrued expenses 10,896 3,703 2,039
Right-of-use assets obtained in exchange for operating lease liabilities 0 0 4,989
Non-cash return of bRT-related assets to bluebird bio 0 110,300 0
Increase of right-of-use asset and associated lease liability due to lease reassessment 0 174,618 0
Issuance of unrestricted stock awards to settle accrued employee compensation $ 0 $ 6,544 $ 0