Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.23.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (414,000) $ (1,231,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,000 11,000
Reduction in the carrying amount of right-of-use assets 14,000 14,000
Stock-based compensation 82,000 76,000
Goodwill impairment 0 1,000,000
Change in fair value of derivative liabilities 12,000 (106,000)
Non-cash interest income (14,000) 0
Other operating activities 0 1,000
Changes in operating assets and liabilities:    
Other current and non-current assets 8,000 49,000
Operating lease liabilities (14,000) (12,000)
Other current and non-current liabilities (2,000) (27,000)
Net cash used in operating activities (318,000) (225,000)
Cash flows from investing activities    
Purchases of property and equipment (6,000) (9,000)
Purchases of short-term investments (425,000) (966,000)
Maturities of short-term investments 659,000 133,000
Net cash provided by (used in) investing activities 228,000 (842,000)
Cash flows from financing activities    
Proceeds from issuance of common stock 2,000 9,000
Other financing activities (7,000) (2,000)
Net cash (used in) provided by financing activities (5,000) 7,000
Net decrease in cash, cash equivalents, and restricted cash (95,000) (1,060,000)
Cash, cash equivalents, and restricted cash at beginning of the period 277,000 1,626,000
Cash, cash equivalents, and restricted cash at end of the period $ 182,000 $ 566,000