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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 547,858 $ 733,294
Accounts receivable, net 52,675 43,806
Inventory 283,754 241,870
Prepaid expenses and other current assets 33,010 33,078
Total current assets 917,297 1,052,048
Property, plant, and equipment, net 241,389 226,489
Operating lease right-of-use assets 25,692 26,815
Prepaid lease costs, non-current 96,166 59,188
Other non-current assets, net 6,613 6,836
Investment in unconsolidated joint venture 7,353 8,023
Total assets 1,294,510 1,379,399
Current liabilities:    
Accounts payable 67,387 69,040
Wages payable 3,406 155
Accrued bonus 2,754 128
Current portion of operating lease liabilities 4,454 4,458
Accrued expenses and other current liabilities 22,807 20,226
Short-term finance lease liabilities 183 182
Total current liabilities 100,991 94,189
Long-term liabilities:    
Convertible senior notes, net 1,130,657 1,129,674
Operating lease liabilities, net of current portion 21,485 22,599
Finance lease obligations and other long term liabilities 396 442
Total long-term liabilities 1,152,538 1,152,715
Commitments and Contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share—500,000 shares authorized, none issued and outstanding 0 0
Common stock, par value $0.0001 per share—500,000,000 shares authorized; 63,525,399 and 63,400,899 shares issued and outstanding at April 2, 2022 and December 31, 2021, respectively 6 6
Additional paid-in capital 519,681 510,014
Accumulated deficit (477,430) (376,972)
Accumulated other comprehensive loss (1,276) (553)
Total stockholders’ equity 40,981 132,495
Total liabilities and stockholders’ equity $ 1,294,510 $ 1,379,399