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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (296,799) $ (364,811)
Adjustments to reconcile net loss to cash flows from operating activities:    
(Gain) loss on contingent consideration, net (7,200) 45,000
Gain from sale of Priority Review Voucher, net of commission (102,000) (108,069)
Depreciation and amortization 27,872 19,623
Reduction in the carrying amounts of the right of use assets 10,112 8,749
Non-cash interest expense 5,617 18,532
Stock-based compensation 84,161 78,543
Impairment of equity investment 4,488
Other 3,964 (2,031)
Changes in operating assets and liabilities, net:    
Net increase in accounts receivable (48,447) (30,948)
Net increase in inventory (56,508) (48,739)
Net decrease (increase) in other assets 74,155 (114,127)
Net (decrease) increase in deferred revenue (66,750) 771,923
Net (decrease) increase in accounts payable, accrued expenses and other liabilities (46,511) 8,356
Net cash (used in) provided by operating activities (413,846) 282,001
Cash flows from investing activities:    
Purchase of property and equipment (36,284) (53,592)
Proceeds from sale of Priority Review Voucher, net of commission 102,000 108,069
Purchase of available-for-sale securities (29,988) (897,691)
Maturity and sale of available-for-sale securities 466,000 847,980
Other (3,738) (2,596)
Net cash provided by investing activities 497,990 2,170
Cash flows from financing activities:    
Proceeds from exercise of stock options and purchase of stock under the Employee Stock Purchase Program 18,654 48,131
Taxes paid related to net share settlement of equity awards (6,333) (4,798)
Net cash provided by financing activities 12,321 355,386
Increase in cash, cash equivalents and restricted cash 96,465 639,557
Cash, cash equivalents and restricted cash:    
Beginning of period 1,511,713 843,645
End of period 1,608,178 1,483,202
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,599,113 1,474,637
Restricted cash in other assets $ 9,065 $ 8,565
Restricted Cash, Noncurrent, Statement of Financial Position [Extensible Enumeration] us-gaap:OtherNoncurrentAssetsMember us-gaap:OtherNoncurrentAssetsMember
Total cash, cash equivalents and restricted cash $ 1,608,178 $ 1,483,202
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 39,727 20,462
Supplemental schedule of non-cash investing activities and financing activities:    
Intangible assets and property and equipment included in accounts payable and accrued expenses 4,644 8,292
Shares withheld for tax included in accrued expenses 1,432 0
Lease liabilities arising from obtaining right of use assets 13,148 37,647
Lease liabilities terminated $ 19,967 0
Roche    
Cash flows from financing activities:    
Proceeds from issuance of common stock to Roche, net of offering costs   $ 312,053