v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
|
|
Cash Flows from Operating Activities: |
|
|
Net loss |
$ (228,050)
|
$ (223,065)
|
Reconciliation of net loss to net cash used in operating activities: |
|
|
Stock-based compensation |
6,260
|
3,035
|
Depreciation |
584
|
233
|
Amortization of right-of-use asset |
2,043
|
794
|
Accretion of debt issuance costs |
625
|
0
|
Change in fair value of derivative liabilities |
0
|
138,436
|
Unrealized loss recognized on equity securities |
4,910
|
0
|
Unrealized foreign currency loss |
4,078
|
0
|
Changes in operating assets and liabilities: |
|
|
Prepaid expenses and other assets |
(26,655)
|
(13,773)
|
Accounts payable and accrued expenses |
(25,547)
|
36,790
|
Customer deposits |
8,150
|
1,296
|
Change in operating lease liability |
(1,866)
|
(673)
|
Net cash used in operating activities |
(255,468)
|
(56,927)
|
Cash Flows from Investing Activities: |
|
|
Acquisition of equity investment |
(10,000)
|
0
|
Purchases of property and equipment and intangible asset |
(99,911)
|
(65,990)
|
Net cash used in investing activities |
(109,911)
|
(65,990)
|
Cash Flows from Financing Activities: |
|
|
Proceeds from the exercise of warrants |
0
|
89,023
|
Payment for stock issuance costs and redemption of unexercised warrants |
(353)
|
(22)
|
Proceeds from the exercise of stock options |
2,079
|
5,124
|
Payments for statutory withholding taxes |
(1,415)
|
0
|
Proceeds from stock issuance under "At-the-market" offering |
14,568
|
0
|
Net cash provided by financing activities |
14,879
|
94,125
|
Net decrease in cash and cash equivalents |
(350,500)
|
(28,792)
|
Cash and cash equivalents, beginning of the period |
1,202,439
|
991,158
|
Cash and cash equivalents, end of the period |
851,939
|
962,366
|
Supplemental disclosure of cash flow information |
|
|
Cash paid for interest |
$ 9,642
|
$ 0
|
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