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Leases
3 Months Ended
Mar. 31, 2023
Lessee Disclosure [Abstract]  
Leases

7. Leases

We have operating lease agreements for laboratory, office and warehouse facilities in Seattle, Washington, Bothell, Washington, South San Francisco, California and New York City, New York. As of March 31, 2023, we were not party to any finance leases.

The following table reconciles our undiscounted operating lease cash flows to our operating lease liabilities, less current portion balance as of March 31, 2023 (in thousands):

 

2023 (excluding the three months ended March 31, 2023)

 

$

10,520

 

2024

 

 

13,692

 

2025

 

 

14,098

 

2026

 

 

12,330

 

2027

 

 

11,944

 

Thereafter

 

 

69,244

 

Total undiscounted lease payments

 

 

131,828

 

Less: Imputed interest rate

 

 

(26,047

)

Total operating lease liabilities

 

 

105,781

 

Less: Current portion

 

 

(9,287

)

Operating lease liabilities, less current portion

 

$

96,494

 

 

During the three months ended March 31, 2023, cash paid for amounts included in the measurement of lease liabilities was $3.4 million. Cash paid for amounts included in the measurement of lease liabilities was $3.3 million and cash received for tenant improvement allowances was $4.0 million during the three months ended March 31, 2022.

We previously entered into a $2.1 million letter of credit with one of our financial institutions in connection with one of our leases.