XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net loss $ (85,217) $ (93,373)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of long-lived assets 5,521 20,433
Depreciation and amortization 2,648 7,745
Accretion of discount on marketable securities (273) (1,865)
Amortization in operating lease right-of-use assets 2,451 4,018
Stock-based compensation 5,784 15,067
Other non-cash adjustments 103 0
Impairment of goodwill and indefinite-lived intangible assets 0 89,485
Deferred income tax benefit 0 (6,377)
Net changes in operating assets and liabilities:    
Interest receivable 370 (425)
Accounts receivable 342 962
Prepaid expenses and other assets 3,565 5,548
Accounts payable and other accrued liabilities (4,654) (3,101)
Accrued compensation and employee benefits (3,195) (8,450)
Lease liabilities (2,822) (2,455)
Other non-current liabilities 36 61
Deferred revenues 0 (154,284)
Net cash used in operating activities (75,547) (127,011)
Investing Activities:    
Purchases of marketable securities 0 (52,112)
Maturities of marketable securities 1,110 146,048
Sales of marketable securities 34,730 0
Sales of assets classified as held for sale 127 0
Purchases of property and equipment 0 (15,740)
Net cash provided by investing activities 35,967 78,196
Financing Activities:    
Proceeds from issuance of common stock, net of offering expenses 21,924 0
Proceeds from at-the-market offering, net of offering expenses 0 15,105
Taxes paid related to net share settlement of equity awards (481) (1,303)
Proceeds from issuance of common stock under employee stock purchase plan 146 719
Net cash provided by financing activities 21,589 14,521
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (927) 680
Net (decrease) increase in cash, cash equivalents, and restricted cash (18,918) (33,614)
Cash, cash equivalents, and restricted cash, beginning of period 46,704 101,944
Cash, cash equivalents, and restricted cash, end of period 27,786 68,330
Supplemental cash flow disclosures:    
Property and equipment included in unpaid liabilities $ 433 $ 4,909