| Schedule of financial assets measured at fair value on a recurring basis |
The following fair value hierarchy table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2021 |
|
|
Quoted Prices in |
|
Significant |
|
|
|
|
|
|
|
|
Active Markets |
|
Other |
|
Significant |
|
|
|
|
|
for Identical |
|
Observable |
|
Unobservable |
|
|
|
|
|
Items |
|
Inputs |
|
Inputs |
|
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
180,998 |
|
$ |
— |
|
$ |
— |
|
$ |
180,998 |
Commercial paper |
|
|
— |
|
|
159,591 |
|
|
— |
|
|
159,591 |
Corporate bonds |
|
|
— |
|
|
104,755 |
|
|
— |
|
|
104,755 |
Government bonds |
|
|
— |
|
|
36,727 |
|
|
— |
|
|
36,727 |
Asset-backed securities |
|
|
— |
|
|
25,245 |
|
|
— |
|
|
25,245 |
Other investments |
|
|
— |
|
|
— |
|
|
7,137 |
|
|
7,137 |
Total assets |
|
$ |
180,998 |
|
$ |
326,318 |
|
$ |
7,137 |
|
$ |
514,453 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
$ |
— |
|
$ |
— |
|
$ |
6,084 |
|
$ |
6,084 |
Subscription agreement |
|
|
— |
|
|
— |
|
|
474 |
|
|
474 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
6,558 |
|
$ |
6,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
|
Quoted Prices in |
|
Significant |
|
|
|
|
|
|
|
|
Active Markets |
|
Other |
|
Significant |
|
|
|
|
|
for Identical |
|
Observable |
|
Unobservable |
|
|
|
|
|
Items |
|
Inputs |
|
Inputs |
|
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
407,512 |
|
$ |
— |
|
$ |
— |
|
$ |
407,512 |
Commercial paper |
|
|
— |
|
|
119,285 |
|
|
— |
|
|
119,285 |
Corporate bonds |
|
|
— |
|
|
47,959 |
|
|
— |
|
|
47,959 |
U.S. Treasury securities |
|
|
19,997 |
|
|
— |
|
|
— |
|
|
19,997 |
Other investments |
|
|
— |
|
|
— |
|
|
3,000 |
|
|
3,000 |
Total assets |
|
$ |
427,509 |
|
$ |
167,244 |
|
$ |
3,000 |
|
$ |
597,753 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Private placement warrants |
|
$ |
— |
|
$ |
— |
|
$ |
93,328 |
|
$ |
93,328 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
93,328 |
|
$ |
93,328 |
|
The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
|
(as restated) |
|
|
Quoted Prices in |
|
Significant |
|
|
|
|
|
|
|
|
Active Markets |
|
Other |
|
Significant |
|
|
|
|
|
for Identical |
|
Observable |
|
Unobservable |
|
|
|
|
|
Items |
|
Inputs |
|
Inputs |
|
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
407,512 |
|
$ |
— |
|
$ |
— |
|
$ |
407,512 |
Commercial paper |
|
|
— |
|
|
119,285 |
|
|
— |
|
|
119,285 |
Corporate bonds |
|
|
— |
|
|
47,959 |
|
|
— |
|
|
47,959 |
U.S. Treasury securities |
|
|
19,997 |
|
|
— |
|
|
— |
|
|
19,997 |
Other investments |
|
|
— |
|
|
— |
|
|
3,000 |
|
|
3,000 |
Total assets |
|
$ |
427,509 |
|
$ |
167,244 |
|
$ |
3,000 |
|
$ |
597,753 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Private placement warrants |
|
$ |
— |
|
$ |
— |
|
$ |
93,328 |
|
$ |
93,328 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
93,328 |
|
$ |
93,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2019 |
|
|
Quoted Prices in |
|
Significant |
|
|
|
|
|
|
|
|
Active Markets |
|
Other |
|
Significant |
|
|
|
|
|
for Identical |
|
Observable |
|
Unobservable |
|
|
|
|
|
Items |
|
Inputs |
|
Inputs |
|
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
40,454 |
|
$ |
— |
|
$ |
— |
|
$ |
40,454 |
Commercial paper |
|
|
— |
|
|
19,938 |
|
|
— |
|
|
19,938 |
Corporate bonds |
|
|
— |
|
|
48,010 |
|
|
— |
|
|
48,010 |
Asset‑backed securities |
|
|
— |
|
|
16,806 |
|
|
— |
|
|
16,806 |
Repurchase agreements |
|
|
— |
|
|
25,001 |
|
|
— |
|
|
25,001 |
Total assets |
|
$ |
40,454 |
|
$ |
109,755 |
|
$ |
— |
|
$ |
150,209 |
|
| Schedule of Movement in Level 3 liabilities measured at fair value |
The following table presents information about the Company’s movement in Level 3 liabilities measured at fair value (in thousands):
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2021 |
|
2020 |
|
Balance at beginning of period |
|
$ |
93,328 |
|
$ |
— |
|
Additions |
|
|
6,558 |
|
|
— |
|
Changes in fair value |
|
|
56,576 |
|
|
— |
|
Exercise of private placement warrants |
|
|
(149,904) |
|
|
— |
|
Balance at end of period |
|
$ |
6,558 |
|
$ |
— |
|
|
The following table presents information about the Company’s movement in Level 3 liabilities measured at fair value (in thousands):
|
|
|
|
|
|
|
|
|
2020
(as restated) |
|
2019 |
Balance at beginning of year |
|
$ |
— |
|
$ |
— |
Warrant liability assumed |
|
|
149,745 |
|
|
|
Change in fair value of warrant liability |
|
|
(56,417) |
|
|
|
Balance at end of year |
|
$ |
93,328 |
|
$ |
— |
|