v3.20.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (58,047) $ (68,499)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 3,583 3,642
Amortization 464 333
Share-based compensation expense 4,072 6,675
Unrealized foreign exchange (gains) losses (2,004) 1,048
Other 718 (166)
Changes in operating assets and liabilities:    
Increase in receivables and other operating assets (10,104) (16,851)
Increase in non-current operating assets 615 1,263
Increase (decrease) in payables and other current liabilities 3,571 (876)
Increase in deferred revenue 49,074 3,060
Net cash used in operating activities (8,058) (70,371)
Cash flows from investing activities    
Acquisition of property, plant and equipment (460) (1,202)
Acquisition of intangibles (407) (922)
Maturity or redemption of marketable securities 39,931 54,324
Investment in marketable securities (298,016) (15,983)
Net cash (used in) provided by investing activities (258,952) 36,217
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 334,388  
Proceeds from exercise of stock options 5,075 366
Net cash provided by financing activities 339,463 366
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (678) 289
Net increase (decrease) in cash, cash equivalents and restricted cash 71,775 (33,499)
Cash, cash equivalents and restricted cash at start of period 54,908 72,476
Cash, cash equivalents and restricted cash at end of period $ 126,683 $ 38,977

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