XML 25 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (426,075) $ (78,178)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 5,131 3,240
Amortization of intangible assets 366,390 6,853
Amortization of right-of-use assets 1,258 1,921
Share-based compensation expense 9,201 19,525
Impairment charges 15,000 0
Accretion of discount and amortization of premium on marketable securities, net (1,706) (4,031)
Change in the estimated fair value of contingent consideration (18,700) (70)
Inventory provision 7,659 3
Deferred income taxes (546) 0
Other 719 403
Changes in assets and liabilities    
Accounts receivable, net (4,121) 6,292
Inventory, net (2,538) (11,655)
Prepaid expenses and other assets 3,426 3,051
Accounts payable (1,525) 6,644
Accrued expenses 311 (23,753)
Deferred revenue 1,332 1,601
Operating lease liabilities (1,618) (2,376)
Other liabilities 2,346 (5,152)
Net cash used in operating activities (44,056) (75,682)
Cash flows from investing activities    
Purchases of property and equipment (1,389) (3,879)
Purchases of intangible assets (5,000) 0
Purchases of investments (61,820) (191,907)
Maturities of investments 113,443 161,650
Net cash provided by (used in) investing activities 45,234 (34,136)
Cash flows from financing activities    
Proceeds from issuance of common stock from equity plans 1,959 6,891
Notes payable principal payoff 0 (338)
Net cash provided by financing activities 1,959 6,553
Net increase (decrease) in cash, cash equivalents, and restricted cash 3,137 (103,265)
Cash, cash equivalents, and restricted cash at beginning of period 57,592 182,633
Cash, cash equivalents, and restricted cash at end of period 60,729 79,368
Cash and cash equivalents at end of period 58,507 76,646
Restricted cash at end of period 2,222 2,722
Cash, cash equivalents, and restricted cash at end of period 60,729 79,368
Supplemental disclosure of non-cash investing and financing activities    
Right-of-use asset and lease liability recognized due to lease extension $ 29,575 $ 0