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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (80,164) $ (61,108)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 19,007 10,394
Stock-based compensation 19,387 15,970
Amortization of debt discount and debt issuance costs 973 1,292
Amortization of right-of-use assets 1,128 1,950
Write-down for excess and obsolete inventories 4,100 4,317
Loss on disposal of assets 1,194 689
Other (126) 2,003
Changes in operating assets and liabilities:    
Accounts receivable (2,255) (1,261)
Inventories (16,615) (15,195)
Prepaid expenses and other current assets (1,093) 1,515
Other assets (253) 145
Accounts payable 7,651 3,797
Accrued expenses (3,646) (62)
Lease liabilities (1,054) (26)
Contract liabilities (187) (444)
Other long-term liabilities (97) 914
Net cash used in operating activities (52,050) (35,110)
Investing activities:    
Purchase of property and equipment (26,338) (36,028)
Purchase of intangible assets (1,479)  
Acquisition of business, net of cash acquired   (62,133)
Purchase of OCEANE   (21,097)
Cash paid for investments   (3,000)
Settlement of forward contract   (2,589)
Net cash used in investing activities (27,817) (124,847)
Financing activities:    
Proceeds from common stock offering   131,828
Net cash received (paid) from common stock exercises 218 (3,044)
Proceeds from financed insurance 1,617  
Principal payments on finance lease obligations (83) (2)
Principal payments on term loan and notes payable (981) (13)
Net cash provided by financing activities 771 128,769
Effect of exchange rate changes on cash (682) 4
Net (decrease) increase in cash and cash equivalents (79,778) (31,184)
Cash and cash equivalents at beginning of period 187,248 107,765
Cash and cash equivalents at end of period 107,470 76,581
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,970 3,476
Cash paid for income taxes 267 225
Supplemental disclosure of noncash activities:    
Financed insurance 1,617  
Financed inventory   3,707
Purchases of property and equipment in accounts payable and accrued expenses 2,304 591
Purchase of intangible assets 750  
Recognition of lease liability   $ 23,159
Modification of lease liability for lease amendment 4,288  
Common stock issued for asset acquisition $ 250