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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net (loss) income $ (146,907) $ 71,390
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Gain on equity investments 0 (147,322)
Fair value adjustments (27,763) (61,869)
Depreciation and amortization 4,395 4,198
Stock-based compensation 37,424 35,307
Noncash investment accretion (6,260) (4,962)
Loss on disposal of property and equipment 8 140
Decrease (increase) in assets:    
Accounts receivable, net 52,711 36,069
Unbilled and other receivables (8,418) 884
Reduction in the carrying amount of right of use assets - operating leases 7,914 5,722
Prepaid expenses and other assets (5,314) (13,048)
(Decrease) increase in liabilities:    
Accounts payable (5,442) 742
Income taxes payable 0 729
Accrued payroll, taxes, and benefits 1,848 626
Deferred revenue (18,301) (28,114)
Lease liabilities - operating leases (7,738) (2,577)
Other accrued liabilities (4,412) 2,607
Net cash used in operating activities (126,255) (99,478)
Cash flows from investing activities:    
Purchases of property and equipment (6,438) (10,924)
Purchases of equity investments (3,000) (4,125)
Distribution from equity investment 0 147,136
Proceeds from disposition and sale of equity investments 48,798 0
Purchases of marketable securities (187,466) (224,513)
Proceeds from maturity of marketable securities 273,467 345,074
Net cash provided by investing activities 125,361 252,648
Cash flows from financing activities:    
Issuances of common stock upon stock option exercises 1,356 7,099
Principal payments on finance leases (43) (5)
Payment of offering costs 0 (373)
Issuance of common stock upon ATM offering, net 8,691 0
Net cash provided by financing activities 10,004 6,721
Net increase in cash and cash equivalents and restricted cash 9,110 159,891
Cash and cash equivalents and restricted cash, beginning of period 161,066 95,717
Cash and cash equivalents and restricted cash, end of period 170,176 255,608
Supplemental disclosure of cash flow and noncash information    
Cash paid for income taxes 847 2,194
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment in accounts payable 30 274
Purchases of property and equipment in accrued liabilities 138 685
Acquisition of right of use assets - operating leases, contingency resolution 2,848 514
Acquisition of right of use assets in exchange for lease liabilities - operating leases $ 0 $ 15,085