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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net loss $ (186,638) $ (151,293) $ (143,032)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 56,139 41,168 26,756
Stock-based compensation 81,244 40,556 36,450
Amortization of debt discount and debt issuance costs 3,634 2,038 1,868
Amortization of right-of-use assets 3,543 2,760 3,418
Write-down for excess and obsolete inventories 13,608 9,792 11,147
Loss on disposal of assets 3,708 2,594 1,976
Loss on debt extinguishment, net     7,434
Impairment of investment     3,000
Other 455 1,187 2,721
Changes in operating assets and liabilities:      
Accounts receivable (12,795) (18,832) (10,141)
Inventories (45,562) (20,704) (27,746)
Prepaid expenses and other current assets (11,098) 552 1,258
Other assets (541) (109) 11
Accounts payable 6,989 9,796 757
Accrued expenses and other current liabilities 17,000 13,508 8,023
Lease liability (3,602) (2,678) 150
Contract liabilities 1,793 (2,280) (1,040)
Other long-term liabilities (6,362) (3,189) 3,673
Net cash used in operating activities (78,485) (75,134) (73,317)
Investing activities:      
Purchases of property and equipment (80,508) (49,453) (68,544)
Purchase of intangible assets (6,467) (8,827)  
Acquisition of business, net of cash acquired (55,000)   (62,133)
Purchase of OCEANE     (21,097)
Cash paid for investments     (3,000)
Settlement of forward contract     (2,988)
Net cash used in investing activities (141,975) (58,280) (157,762)
Financing activities:      
Proceeds from Revolving Credit Facility and line of credit 134,000 62,500  
Payment of debt issuance costs (3,321) (1,315) (10,028)
Proceeds from common stock offerings, net of offering costs 213,181   131,828
Proceeds from issuance of convertible notes     316,250
Net cash paid for common stock exercises (1,064) (3,041) (5,963)
Purchase of capped calls     (39,866)
Repurchase of common stock     (25,000)
Proceeds from term debt, net of debt discount 148,473    
Repayment of Revolving Credit Facility and line of credit (119,500) (27,500)  
Repayment of OCEANEs (13,315)    
Repayment of Squadron Medical Term Loan     (45,000)
Repayment of Inventory Financing Agreement     (8,088)
Other (1,535) 584 (2,167)
Net cash provided by financing activities 356,919 31,228 311,966
Effect of exchange rate changes on cash (185) (366) (1,404)
Net change in cash and cash equivalents 136,274 (102,552) 79,483
Cash and cash equivalents at beginning of year 84,696 187,248 107,765
Cash and cash equivalents at end of year 220,970 84,696 187,248
Supplemental disclosure of cash flow information:      
Cash paid for interest 17,269 3,860 5,027
Cash paid for income taxes 333 272 223
Supplemental disclosure of noncash investing and financing activities:      
PPP Loan Forgiveness     4,271
Debt issuance costs   2,760  
Financed insurance 1,328 1,959  
Financed property and equipment   600  
Financed inventory     4,015
Purchases of property and equipment in accounts payable and accrued expenses 10,406 2,128 2,577
Purchase of intangible assets 99 750  
Recognition of lease liability $ 424 1,694 $ 23,403
Modification of lease liability for lease amendment   $ 4,288