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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net loss $ (137,560) $ (116,510)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 40,120 29,819
Stock-based compensation 60,729 30,464
Amortization of debt discount and debt issuance costs 2,586 1,470
Amortization of right-of-use assets 2,598 1,927
Write-down for excess and obsolete inventories 9,188 7,023
Loss on disposal of assets 2,209 1,739
Other 1,717 573
Changes in operating assets and liabilities:    
Accounts receivable (4,938) (10,133)
Inventories (36,087) (20,131)
Prepaid expenses and other current assets (6,499) 19
Other assets (52) (840)
Accounts payable 10,290 7,437
Accrued expenses 7,984 4,144
Lease liabilities (2,677) (1,905)
Contract liabilities 1,906 (1,133)
Other long-term liabilities (4,995) (694)
Net cash used in operating activities (53,481) (66,731)
Investing activities:    
Purchase of property and equipment (54,791) (35,984)
Purchase of intangible assets (3,971) (7,461)
Acquisition of business (55,000)  
Net cash used in investing activities (113,762) (43,445)
Financing activities:    
Proceeds from term loan, net of debt discount 148,473  
Payment of debt issuance costs (3,321) (968)
Proceeds from common stock offering, net of offering costs 67,428  
Net cash paid for common stock exercises (2,334) (4,179)
Proceeds from revolving credit facility 92,000 35,000
Repayment of OCEANEs (13,315)  
Repayment of revolving credit facility (82,500)  
Proceeds from financed insurance 1,328 1,801
Other (2,411) (1,439)
Net cash provided by financing activities 205,348 30,215
Effect of exchange rate changes on cash (275) (1,175)
Net increase (decrease) in cash and cash equivalents 37,830 (81,136)
Cash and cash equivalents at beginning of period 84,696 187,248
Cash and cash equivalents at end of period 122,526 106,112
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,202 2,723
Cash paid for income taxes 247 272
Supplemental disclosure of noncash activities:    
Financed insurance 1,328 1,801
Debt issuance costs   347
Purchases of property and equipment in accounts payable and accrued expenses 7,156 2,019
Purchase of intangible assets 171 750
Recognition of lease liability $ 424 180
Modification of lease liability for lease amendment   4,288
Common stock issued for asset acquisition   $ 250