CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands |
3 Months Ended |
9 Months Ended |
12 Months Ended |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
| Cash flows from operating activities: |
|
|
|
|
| Net loss |
|
$ (118,986)
|
$ (62,012)
|
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
| Stock-based compensation expense |
|
30,440
|
18,402
|
|
| Depreciation and amortization expense |
|
2,294
|
879
|
|
| Change in fair value of preferred stock warrant liability |
$ 426
|
|
2,187
|
|
| Accretion of discount on investments |
|
(1,939)
|
(198)
|
|
| Loss on disposal of property and equipment |
|
119
|
|
|
| Non-cash interest expense |
|
201
|
26
|
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Prepaid expenses and other current assets |
|
(2,129)
|
(2,792)
|
|
| Operating lease, right-of-use-asset |
|
3,336
|
|
|
| Other assets |
|
(293)
|
|
|
| Accounts payable |
|
3,184
|
2,402
|
|
| Accrued expenses and other current liabilities |
|
3,725
|
2,472
|
|
| Deferred rent |
|
|
(14)
|
|
| Operating lease liabilities |
|
(1,411)
|
|
|
| Net cash used in operating activities |
|
(81,459)
|
(38,648)
|
|
| Cash flows from investing activities: |
|
|
|
|
| Purchases of property, plant and equipment |
|
(27,381)
|
(11,671)
|
|
| Purchases of investments |
|
(259,231)
|
(87,369)
|
|
| Sales and maturities of investments |
|
143,275
|
33,460
|
|
| Net cash used in investing activities |
|
(143,337)
|
(65,580)
|
|
| Cash flows from financing activities: |
|
|
|
|
| Proceeds from issuance of convertible preferred stock, net of issuance costs |
|
|
100,986
|
|
| Proceeds from initial public offering of common stock, net of commissions and underwriting discounts |
|
|
257,866
|
|
| Payments of initial public offering costs |
|
|
(3,449)
|
|
| Proceeds from repayment of promissory note |
|
|
245
|
|
| Repurchase of unvested restricted common stock |
|
(122)
|
|
|
| Proceeds from borrowings under loan and security agreement |
|
25,000
|
|
|
| Proceeds from issuance of common stock upon exercise of stock options |
|
1,843
|
18
|
|
| Net cash provided by financing activities |
|
26,721
|
355,666
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
(198,075)
|
251,438
|
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
309,421
|
104,572
|
$ 104,572
|
| Cash, cash equivalents and restricted cash at end of period |
$ 356,010
|
111,346
|
356,010
|
$ 309,421
|
| Supplemental cash flow information: |
|
|
|
|
| Cash paid for interest, net of interest capitalized |
|
1,706
|
|
|
| Cash paid for leases |
|
3,194
|
|
|
| Supplemental disclosure of non-cash investing and financing information: |
|
|
|
|
| Lease assets obtained in exchange for new operating lease liabilities |
|
49,496
|
|
|
| Purchases of property, plant and equipment included in accounts payable or accrued expenses |
|
6,073
|
1,353
|
|
| Amounts capitalized under build-to-suit lease transaction |
|
|
24,657
|
|
| Deferred offering costs and issuance costs included in accounts payable or accrued expenses |
|
$ 11
|
|
|
| Offering costs and issuance costs included in accounts payable and accrued expenses |
|
|
99
|
|
| Reclassification of warrant liability to additional paid-in capital |
|
|
3,053
|
|
| Conversion of preferred stock to common stock upon closing of the initial public offering |
|
|
$ 240,776
|
|