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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (70,511) $ (59,780) $ (50,878)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 3,068 3,929 4,858
Amortization and premium of marketable securities, net (3,209) (729) (1,140)
(Gain) loss on sale or disposal of assets (24) (55) 11
Intangible asset impairment 3,500 18,000  
Other asset impairment     1,800
Gain on fair value remeasurement of contingent consideration (1,405) (4,218) (1,294)
Non-cash income tax benefit (227) (1,167)  
Stock-based compensation expense 8,953 3,915 4,551
Changes in operating assets and liabilities:      
Accounts and other receivables 1,574 (787) 2,274
Prepaid and other current assets (1,871) (334) 362
Other assets (5)   (39)
Accounts payable and accrued expenses 3,653 1,638 (321)
Other liabilities (4,405) (816) (6,599)
Net cash used in operating activities (60,909) (40,404) (46,415)
Cash flows from investing activities:      
Sales and maturities of marketable securities 174,947 123,600 113,173
Purchases of marketable securities (389,881) (220,321) (95,382)
Acquisition of property and equipment (1,249) (1,552) (731)
Proceeds from sale or disposal of assets 27 55 20
Net cash (used in) provided by investing activities (216,156) (98,218) 17,080
Cash flows from financing activities:      
Net proceeds from stock issuances 269,893 170,792 16,248
Proceeds from issuance of stock from employee benefit plans 2,479 434 9
Issuance of term loan   2,962  
Payment of term loan   (2,962)  
Net cash provided by financing activities 272,372 171,226 16,257
Net (decrease) increase in cash and cash equivalents (4,693) 32,604 (13,078)
Cash and cash equivalents at beginning of period 43,836 11,232 24,310
Cash and cash equivalents at end of period 39,143 43,836 11,232
Non-cash investing activities      
Accrued construction in progress $ 289 $ 221 $ 25