XML 21 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash flows from operating activities:    
Net loss $ (248,655) $ (168,312)
Adjustments to reconcile net loss to cash flows from operating activities:    
Gain from sale of Priority Review Voucher, net of commission (102,000) (108,069)
Depreciation and amortization 17,377 13,004
Reduction in the carrying amounts of the right of use assets 6,023 5,389
Amortization of investment discount (101) (1,928)
Non-cash interest expense 3,691 12,217
Stock-based compensation 57,477 51,640
Other 3,786 (800)
Changes in operating assets and liabilities, net:    
Net increase in accounts receivable (26,180) (13,149)
Net increase in inventory (36,795) (8,271)
Net decrease (increase) in other assets 73,670 (44,309)
Net (decrease) increase in deferred revenue (44,255) 794,484
Net increase (decrease) in accounts payable, accrued expenses and other liabilities 6,445 (11,709)
Net cash (used in) provided by operating activities (289,517) 520,187
Cash flows from investing activities:    
Purchase of property and equipment (27,043) (28,289)
Proceeds from sale of Priority Review Voucher, net of commission 102,000 108,069
Purchase of available-for-sale securities (29,989) (756,738)
Maturity and sale of available-for-sale securities 436,000 626,980
Other (3,243) (1,927)
Net cash provided by (used in) investing activities 477,725 (51,905)
Cash flows from financing activities:    
Proceeds from exercise of stock options and purchase of stock under the Employee Stock Purchase Program 12,752 29,342
Taxes paid related to net share settlement of equity awards (6,333) (4,798)
Net cash provided by financing activities 6,419 336,597
Increase in cash, cash equivalents and restricted cash 194,627 804,879
Cash, cash equivalents and restricted cash:    
Beginning of period 1,511,713 843,645
End of period 1,706,340 1,648,524
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,697,275 1,639,959
Restricted cash in other assets $ 9,065 $ 8,565
Restricted Cash, Noncurrent, Asset, Statement of Financial Position [Extensible List] Other non-current assets Other non-current assets
Total cash, cash equivalents and restricted cash $ 1,706,340 $ 1,648,524
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 27,780 15,032
Supplemental schedule of non-cash investing activities and financing activities:    
Intangible assets and property and equipment included in accounts payable and accrued expenses 7,760 9,032
Shares withheld for tax included in accrued expenses 1,432  
Lease liabilities arising from obtaining right of use assets 10,582 37,586
Lease liabilities terminated $ 19,967  
Roche    
Cash flows from financing activities:    
Proceeds from issuance of common stock to Roche, net of offering costs   $ 312,053