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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 126 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Cash flows from operating activities:          
Net loss     $ (249,461) $ (248,486)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Non-cash royalty revenue related to the sales of future royalties     (33,825) (39,254) $ 367,277
Non-cash interest expense on liabilities related to the sales of future royalties $ 7,228 $ 13,089 14,757 26,385 259,030
Change in fair value of development derivative liability 0 2,713 (33,427) 4,312  
Non-cash research and development expense     4,951 5,795  
Stock-based compensation 11,103 23,714 32,064 47,612  
Depreciation and amortization     7,171 7,090  
Impairment of right-of-use assets and property, plant and equipment 57,321   57,321 0  
Amortization of premiums (discounts), net and other non-cash transactions     700 4,090  
Changes in operating assets and liabilities:          
Accounts receivable     12,486 10,018  
Inventory     (1,168) 676  
Operating leases, net     1,486 2,260  
Other assets     7,627 11,585  
Accounts payable     2,833 (2,101)  
Accrued compensation     14,588 14,133  
Other accrued expenses     (1,520) (4,101)  
Net cash used in operating activities     (163,417) (159,986)  
Cash flows from investing activities:          
Purchases of investments     (247,014) (527,887)  
Maturities of investments     466,423 612,419  
Sales of investments     0 5,035  
Purchases of property, plant and equipment     (4,983) (6,157)  
Net cash provided by investing activities     214,426 83,410  
Cash flows from financing activities:          
Proceeds from shares issued under equity compensation plans     655 28,523  
Cash receipts from development derivative liability     750 1,500  
Net cash provided by financing activities     1,405 30,023  
Effect of foreign exchange rates on cash and cash equivalents     (87) (57)  
Net increase (decrease) in cash and cash equivalents     52,327 (46,610)  
Cash and cash equivalents at beginning of period     25,218 198,955  
Cash and cash equivalents at end of period $ 77,545 $ 152,345 77,545 152,345 $ 77,545
Supplemental disclosures of cash flow information:          
Operating lease right-of-use asset recognized in exchange for lease liabilities     $ 0 $ 1,057