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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (506,005) $ (312,222)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 10,251 10,932
Amortization of intangible assets 368,429 20,558
Amortization of right-of-use assets 3,083 10,912
Share-based compensation expense 32,080 55,003
Impairment charges 15,000 93,200
Accretion of discount and amortization of premium on marketable securities, net (3,905) (10,663)
Change in the estimated fair value of contingent consideration (18,700) 1,100
Inventory provision 9,768 3,715
Deferred income taxes (546) 0
Other 1,456 1,002
Changes in assets and liabilities    
Accounts receivable, net (3,092) 7,232
Inventory, net (4,926) (15,394)
Prepaid expenses and other assets 7,797 3,534
Accounts payable 761 (2,222)
Accrued expenses (1,396) (26,665)
Deferred revenue 685 875
Operating lease liabilities (661) (9,252)
Other liabilities (2,219) (7,053)
Net cash used in operating activities (92,140) (175,408)
Cash flows from investing activities    
Purchases of property and equipment (1,853) (4,571)
Purchases of intangible assets (5,000) 0
Purchases of investments (183,817) (418,164)
Sales of investments 0 8,061
Maturities of investments 280,089 480,440
Net cash provided by investing activities 89,419 65,766
Cash flows from financing activities    
Proceeds from issuance of common stock from equity plans 3,428 7,703
Notes payable principal payoff 0 (490)
Net cash provided by financing activities 3,428 7,213
Net increase (decrease) in cash, cash equivalents, and restricted cash 707 (102,429)
Cash, cash equivalents, and restricted cash at beginning of period 57,592 182,633
Cash, cash equivalents, and restricted cash at end of period 58,299 80,204
Cash and cash equivalents at end of period 56,467 77,982
Restricted cash at end of period 1,832 2,222
Cash, cash equivalents, and restricted cash at end of period 58,299 80,204
Supplemental disclosure of non-cash investing and financing activities    
Right-of-use asset and lease liability recognized due to lease extension $ 29,575 $ 0