v3.21.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (76,831) $ (58,047)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,879 3,583
Share-based compensation expense 10,783 4,072
Unrealized foreign exchange gains (267) (2,004)
Amortization (accretion) on available-for-sale debt securities 2,884 702
Other 1,401 480
Changes in operating assets and liabilities:    
Increase in receivables and other operating assets (21,457) (10,104)
Decrease in non-current operating assets   615
Increase in payables and other current liabilities 663 3,571
Increase in deferred revenue 1,946 49,074
Net cash used in operating activities (77,999) (8,058)
Cash flows from investing activities    
Acquisition of property, plant and equipment (2,924) (460)
Acquisition of intangibles (143) (407)
Maturity or redemption of marketable securities 154,465 39,931
Investment in marketable securities (81,958) (298,016)
Net cash provided by (used in) investing activities 69,440 (258,952)
Cash flows from financing activities    
Proceeds from issuance of common stock from offerings, net of commissions and issuance costs 2,519 334,388
Proceeds from exercise of stock options 578 5,075
Net cash provided by financing activities 3,097 339,463
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (937) (678)
Net increase (decrease) in cash, cash equivalents and restricted cash (6,399) 71,775
Cash, cash equivalents and restricted cash at start of period 61,484 54,908
Cash, cash equivalents and restricted cash at end of period $ 55,085 $ 126,683

Source