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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (24,786) $ (17,542)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Provision for loss (gains) on accounts receivable (2) (25)
Loss on disposal of equipment 268 43
Share-based compensation 8,415 6,295
Inventory obsolescence (29) (149)
Depreciation and amortization 14,492 8,007
Write-off and amortization of deferred financing costs and loan discount 2,478 132
Change in operating lease right of use asset 357 310
Loss on equity method investment 980 1,310
Changes in operating assets and liabilities:    
Accounts receivable 9,182 (26,653)
Inventories (8,000) (9,588)
Prepaid expenses and other current assets 2,525 717
Other assets (3,664) (990)
Accounts payable (10,724) 5,449
Accrued expenses (4,869) (1,811)
Other lease liabilities (363) (290)
Net cash flows used in operating activities (13,740) (34,785)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (49,326) 0
Investments in equity method investment 0 (3,294)
Acquisitions of property, plant and equipment, software and deposits on equipment (58,039) (55,888)
Net cash flows used in investing activities (107,365) (59,182)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of options to purchase common stock 834 232
Tax withholdings related to net shares settlements of restricted stock units (602) (323)
Proceeds from borrowings under Credit Facility 0 51,000
Purchase of capped call option (66,211) 0
Proceeds from issuance of convertible senior notes 393,518 0
Debt issuance costs (2,026) 0
Net cash flows provided by financing activities 325,513 50,909
NET CHANGE IN CASH AND CASH EQUIVALENTS 204,408 (43,058)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 132,735 72,788
CASH AND CASH EQUIVALENTS, END OF PERIOD 337,143 29,730
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,216 421
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Property, plant and equipment purchases in accounts payable and accrued expenses 25,943 51,572
Receivable from exercise of options to purchase common stock $ 1,120 $ 0