v3.20.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (93,479) $ (107,801)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,151 5,406
Amortization 718 511
Share-based compensation expense 7,352 8,495
Unrealized foreign exchange (gains) losses (1,102) 522
Other 2,817 (208)
Changes in operating assets and liabilities:    
Decrease (increase) in receivables and other operating assets 3,345 (20,075)
Decrease in non-current operating assets 2,291 1,468
(Decrease) increase in payables and other current liabilities (117) 8,879
Increase in deferred revenue 48,649 2,824
Net cash used in operating activities (24,375) (99,979)
Cash flows from investing activities    
Acquisition of property, plant and equipment (1,174) (1,425)
Acquisition of intangibles (496) (1,036)
Maturity or redemption of marketable securities 78,915 92,803
Investment in marketable securities (363,777) (19,080)
Net cash (used in) provided by investing activities (286,532) 71,262
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 334,388  
Proceeds from exercise of stock options 5,541 366
Net cash provided by financing activities 339,929 366
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (1,023) (398)
Net increase (decrease) in cash, cash equivalents and restricted cash 27,999 (28,749)
Cash, cash equivalents and restricted cash at start of period 54,908 72,476
Cash, cash equivalents and restricted cash at end of period $ 82,907 $ 43,727

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