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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (33,614) $ (59,494) $ (29,699)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:      
Provision for (gains) loss on accounts receivable (2) (20) 29
Loss on disposal of property, plant and equipment 4,321 396 538
Share-based compensation 24,935 26,092 24,998
Inventory obsolescence 0 3,455 349
Depreciation and amortization 58,517 34,555 30,468
Write-off and amortization of deferred financing costs and loan discount 4,060 795 1,212
Change in operating lease right of use asset 1,549 1,372 1,329
Loss on equity method investment 1,890 3,731 2,005
Changes in operating assets and liabilities:      
Accounts receivable 820 (32,993) (16,371)
Inventories (1,207) (26,171) (16,804)
Prepaid expenses and other current assets (2,249) (435) (2,891)
Other assets (4,053) (3,141) (7,899)
Accounts payable 3,543 (3,063) 14,958
Accrued expenses 19,237 13,078 (273)
Operating lease liability (1,807) (1,384) (1,302)
Net cash flows provided by (used in) operating activities 75,940 (43,227) 647
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of short-term investments (113,441) (19,840) 0
Proceeds from maturities of short-term investments 113,441 19,840 0
Investments in equity method investment 0 (3,293) 0
Acquisitions of property, plant and equipment, software and deposits on equipment (239,093) (230,071) (322,099)
Net cash flows used in investing activities (239,093) (233,364) (322,099)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from common shares issued in primary offering, net of issuance cost 0 337,508 332,172
Proceeds from exercise of options to purchase common stock 4,517 471 2,271
Tax withholdings related to net shares settlements of restricted stock units (1,400) (1,441) (4,187)
Proceeds from borrowings under Credit Facility 0 78,000 0
Repayment of borrowings under Credit Facility 0 (78,000) 0
Purchase of capped call options (66,211) 0 0
Proceeds from issuance of convertible senior notes 393,518 0 0
Principal payments under finance lease obligations (1,109) 0 0
Debt issuance costs (2,026) 0 0
Fees paid in connection with financing agreements 0 0 (3,263)
Net cash flows provided by financing activities 327,289 336,538 326,993
NET CHANGE IN CASH AND CASH EQUIVALENTS 164,136 59,947 5,541
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 132,735 72,788 67,247
CASH AND CASH EQUIVALENTS, END OF PERIOD 296,871 132,735 72,788
SUPPLEMENTAL CASH FLOW INFORMATION:      
Taxes paid 308 297 182
Interest paid 9,303 3,152 1,730
NON-CASH FINANCING AND INVESTING ACTIVITIES:      
Property, plant and equipment purchases in accounts payable and accrued expenses 19,286 44,258 22,482
Non-cash addition of finance lease to property, plant and equipment 29,187 0 0
Issuance of partner warrants $ 0 $ 9,775 $ 0