Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (399,472) $ (111,893)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization expense 14,525 11,073
Stock-based compensation expense 42,480 38,862
Loss (Gain) from change in the fair value of warrants and earnout shares 202,780 (59,512)
Income from equity method investment 0 (19,039)
Net accretion and amortization of investments in marketable debt securities (9,690) 86
Changes in operating assets and liabilities    
Other receivables and prepaid expenses and other current assets (5,929) 512
Other non-current assets 4,480 22,336
Accounts payable and accrued and other liabilities 2,137 3,064
Non-current liabilities (1,623) 0
Net cash used in operating activities (150,312) (114,511)
Cash flows from investing activities    
Purchases of marketable securities (281,019) (867,257)
Proceeds from sales and maturities of marketable securities 393,956 365,155
Purchases of property and equipment (14,140) (19,032)
Acquisitions, net of cash 0 (5,707)
Net cash provided by (used in) investing activities 98,797 (526,841)
Cash flows from financing activities    
Proceeds from issuance of common stock in private placement 280,196 0
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan 3,801 0
Proceeds from the exercise of stock options and warrants issuance 1,346 659
Repayments of tenant improvement loan and obligations under finance lease (460) (577)
Net cash provided by financing activities 284,883 82
Net change in cash, cash equivalents and restricted cash 233,368 (641,270)
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 383,435 315,055
Reconciliation of cash, cash equivalents and restricted cash to balance sheets    
Cash and cash equivalents 382,673 311,089
Restricted cash 762 3,966
Cash, cash equivalents and restricted cash 383,435 315,055
Non-cash investing and financing activities    
Unpaid property and equipment purchases 1,171 236
Property and equipment purchased through finance leases $ 0 $ 252