XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (42,412) $ 18,999
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization expense 7,747 5,269
Stock-based compensation expense 39,696 26,092
Unrealized interest on held to maturity securities (12,027)  
Changes in assets and liabilities:    
Accounts receivable, net 25,460 (348)
Inventories (6,602) (10,753)
Prepaid expenses and other assets (2,976) (1,702)
Accounts payable (5,210) 1,266
Accrued expenses and other liabilities (1,000) (3,486)
Net cash provided by operating activities 2,676 35,337
Cash flows from investing activities    
Purchase of held to maturity securities (536,558)  
Proceeds from maturity of held to maturity securities 533,780  
Purchase of property and equipment (3,676) (17,241)
Cash paid for intangibles (2,471) (404)
Net cash used in investing activities (8,925) (17,645)
Cash flows from financing activities    
Tax withholding paid on behalf of employees for net share settlement (19,342) (16,942)
Proceeds from public offering 21,976 20,592
Payments for offering costs (613) (512)
Net cash provided by financing activities 2,021 3,138
Net increase (decrease) in cash and cash equivalents (4,228) 20,830
Cash and cash equivalents    
Beginning of period 34,603 559,461
End of period 30,375 580,291
Supplemental disclosure of cash flow information    
Income taxes paid 137 37
Supplemental disclosure of noncash investing and financing activities    
Unpaid property and equipment $ 1,043 2,687
Right-of-use assets acquired under operating leases   $ 4,356