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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Activities        
Net loss $ (21,002) $ (14,420) $ (39,877) $ (32,038)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation     8,699 8,620
Depreciation and amortization 4,277 4,754 8,728 9,329
Amortization of marketable securities discount       (102)
Other noncash expense     1,276 351
Changes in operating assets and liabilities:        
Accounts receivable     341 (535)
Inventories     243 1,136
Prepaid expenses and other current assets, deposits and other assets     (5,941) (1,342)
Accounts payable, accrued expenses and non-current liabilities     (989) (3,392)
Net cash used in operating activities     (27,520) (17,973)
Investing Activities        
Acquisitions of property, plant and equipment     (26,708) (40,529)
Proceeds from maturity of marketable securities       168,550
Proceeds from sale of property, plant and equipment       112
Net cash (used in) provided by investing activities     (26,708) 128,133
Financing Activities        
Proceeds from issuance of Remarketed Bonds     68,155  
Extinguishment of 2021 Bonds     (68,155)  
Payment of debt offering costs     (1,665)  
Payment of loans payable     (65) (80)
Payment of finance lease liabilities     (255) (22)
Repurchases of common stock     (4,064)  
Net cash used in financing activities     (6,049) (102)
Net (decrease) increase in cash and cash equivalents     (60,277) 110,058
Cash, cash equivalents and restricted cash at beginning of period     375,597 315,376
Cash, cash equivalents and restricted cash at end of period 315,320 425,434 315,320 425,434
Schedule of cash, cash equivalents and restricted cash        
Cash and cash equivalents 245,676 347,665 245,676 347,665
Restricted cash (current) 1,489 71,201 1,489 71,201
Restricted cash (non-current) 68,155 6,568 68,155 6,568
Total cash, cash equivalents and restricted cash $ 315,320 $ 425,434 315,320 425,434
Supplemental disclosures of cash and non-cash investing and financing transactions        
Cash paid for interest     1,464 1,027
Non-cash purchase of property, plant and equipment     9,855 12,929
Right-of-use asset purchased with financing leases     2,444 0
Right-of-use asset purchased with operating lease     $ 32 $ 0