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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (122,317) $ (115,429)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 23,502 19,644
Depreciation and amortization 11,434 5,151
Amortization of deferred financing costs 1,142 1,105
Amortization of premium on short-term investments, net 99 1,481
Non-cash operating lease cost 3,289 3,012
Allowance for inventory obsolescence and accounts receivable credit loss 5,919 2,318
Changes in operating assets and liabilities:    
Accounts receivable (16,914) 11,698
Inventory (18,509) (16,109)
Prepaid expenses and other assets 4,553 (8,057)
Accounts payable 17,780 2,793
Accrued liabilities 4,768 (3,016)
Accrued compensation and other employee benefits (2,933) (2,348)
Customer deposits (104) (207)
Deferred revenue and other liabilities 5,299 1,040
Operating lease liabilities (3,904) (3,601)
Net cash used in operating activities (86,896) (100,525)
Investing activities    
Purchases of property and equipment (9,477) (11,497)
Purchase of internal-use software assets (5,809) (5,343)
Purchase of intellectual property 0 (750)
Proceeds from sale of short-term investments 0 7,700
Proceeds from maturity of short-term investments 81,476 167,774
Purchases of short-term investments 0 (49,500)
Net cash provided by investing activities 66,190 108,384
Financing activities    
Tax withholdings related to net share settlements of restricted stock units (490) (1,504)
Proceeds from issuance of common stock for employee stock purchase plan 2,220 2,669
Proceeds from exercise of stock options 112 1,417
Repayment of finance lease obligations (170) (257)
Net cash provided by financing activities 1,672 2,325
Effect of exchange rate changes on cash, restricted cash and cash equivalents (16) (183)
Net increase (decrease) in cash, restricted and cash equivalents (19,050) 10,001
Cash, restricted cash and cash equivalents    
Beginning of period 113,148 107,068
End of period 94,098 117,069
Supplemental disclosures    
Operating lease right-of-use assets obtained in exchange for lease obligations 0 2,126
Cash and cash equivalents 93,802 117,069
Restricted cash and cash equivalents $ 296 $ 0