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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net loss $ (117,163) $ (104,139)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 29,819 17,986
Stock-based compensation 30,464 26,724
Amortization of debt discount and debt issuance costs 1,470 1,589
Amortization of right-of-use assets 1,927 2,730
Write-down for excess and obsolete inventories 7,023 6,842
Loss on disposal of assets 1,739 969
Loss on extinguishment of debt, net   7,434
Other 573 861
Changes in operating assets and liabilities:    
Accounts receivable (10,133) (1,417)
Inventories (20,131) (23,817)
Prepaid expenses and other current assets 19 4,815
Other assets (840) 69
Accounts payable 7,437 (298)
Accrued expenses 4,144 258
Lease liabilities (1,905) 168
Contract liabilities (1,133) (3,601)
Other long-term liabilities (50) 4,251
Net cash used in operating activities (66,740) (58,576)
Investing activities:    
Purchase of property and equipment (35,984) (48,946)
Purchase of intangible assets (7,461)  
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 (43,445) (137,765)
Financing activities:    
Proceeds from Revolving Credit Facility 35,000  
Payment of debt issuance costs (968) (10,028)
Proceeds from common stock offering   131,828
Proceeds from issuance of convertible notes   316,250
Net cash paid from common stock exercises (4,179) (5,825)
Purchase of capped calls   (39,866)
Repurchase of common stock   (25,000)
Repayment of Squadron Medical term loan   (45,000)
Proceeds from financed insurance 1,801  
Repayment of Inventory Financing Agreement   (8,088)
Principal payments on finance lease obligations (126) (65)
Principal payments on term loan and notes payable (1,313) (1,545)
Other   (208)
Net cash provided by financing activities 30,215 312,453
Effect of exchange rate changes on cash (1,166) (9)
Net (decrease) increase in cash and cash equivalents (81,136) 116,103
Cash and cash equivalents at beginning of period 187,248 107,765
Cash and cash equivalents at end of period 106,112 223,868
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,723 4,297
Cash paid for income taxes 272 225
Supplemental disclosure of noncash activities:    
PPP Loan Forgiveness   4,271
Financed insurance 1,801  
Financed inventory   4,015
Debt issuance costs 347  
Purchases of property and equipment in accounts payable and accrued expenses 2,019 4,459
Purchase of intangible assets 750  
Recognition of lease liability 180 $ 23,403
Modification of lease liability for lease amendment 4,288  
Common stock issued for asset acquisition $ 250