Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (113,393) $ (62,319)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization expense 7,067 5,212
Stock-based compensation expense 17,258 19,429
Loss (Gain) from change in the fair value of warrants and earnout shares 22,070 (16,814)
Income from equity method investment 0 (14,458)
Net accretion and amortization of investments in marketable debt securities (3,670) 774
Changes in operating assets and liabilities    
Other receivables and prepaid expenses and other current assets (8,517) 418
Other non-current assets 2,629 9,332
Accounts payable and accrued and other liabilities (1,083) (3,000)
Non-current liabilities (929) 0
Net cash used in operating activities (78,568) (61,426)
Cash flows from investing activities    
Purchase of marketable securities (126,445) (571,890)
Proceeds from sales and maturities of marketable securities 116,072 108,056
Purchases of property and equipment (8,756) (10,833)
Acquisition, net of cash 0 (1,465)
Net cash used in investing activities (19,129) (476,132)
Cash flows from financing activities    
Proceeds from issuance of common stock in private placement 50 0
Proceeds from the exercise of stock options 612 342
Repayments of tenant improvement loan and obligations under finance and capital lease (240) (262)
Net cash provided by financing activities 422 80
Net change in cash, cash equivalents and restricted cash (97,275) (537,478)
Cash, cash equivalents and restricted cash, at the beginning of the period 150,067 956,325
Cash, cash equivalents and restricted cash, at the end of the period 52,792 418,847
Reconciliation of cash, cash equivalents and restricted cash to balance sheets    
Cash and cash equivalents 49,795 417,116
Restricted cash 2,997 1,731
Cash, cash equivalents and restricted cash 52,792 418,847
Non-cash investing and financing activities    
Unpaid property and equipment purchases 1,357 426
Property and equipment purchased through capital leases $ 0 $ 252