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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net loss $ (547,496) $ (471,341) $ (130,004)
Reconciliation of net loss to net cash used in operating activities:      
Stock-based compensation 19,602 5,622 711
Depreciation and amortization 7,285 699 77
Amortization of right-of-use asset 4,463 2,576 228
Amortization of debt discount 1,474 373 1,610
Change in fair value of warrants liability 0 138,436 75,363
Change in fair value of embedded derivative 0 0 406
Change in fair value of convertible equity security 0 0 9,647
Loss on disposal of fixed assets 0 0 28
Reclassification of expensed payments made to arrangers of convertible security 0 0 3,500
Unrealized loss recognized on equity securities 6,860 0 0
Unrealized (gain) loss on foreign currency transactions 3,975 (1,469) 34
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (53,194) (43,797) (13,823)
Accounts payable and accrued expenses 99,578 66,253 9,213
Customer deposits 9,034 2,773 2,581
Change in operating lease liability (4,118) (1,395) 2,423
Net cash used in operating activities (452,537) (301,270) (38,006)
Cash Flows from Investing Activities:      
Acquisition of equity investment (10,000) 0 0
Purchase of property and equipment and intangible asset (190,989) (134,386) (676)
Net cash used in investing activities (200,989) (134,386) (676)
Cash Flows from Financing Activities:      
Proceeds from the issuance of bridge notes 0 0 5,372
Proceeds from issuance of convertible notes 0 667,500 0
Payments for debt issuance costs 0 (209) 0
Payments made for capped call options 0 (96,788) 0
Payments made to initial purchasers for convertible notes 0 (8,314) 0
Proceeds from exercise of warrants 0 89,023 0
Payments for stock issuance costs and redemption of unexercised warrants 0 (22) 0
Proceeds from issuance of convertible equity security, net of issuance costs 0 0 46,500
Payments to tax authorities for statutory withholding taxes (1,562) (9,869) 0
Proceeds from recapitalization of Spartan shares, net of redemptions and issuance costs 0 0 976,023
Proceeds from the exercise of stock options 2,154 5,616 87
Proceeds from stock issuance under "At-the-market" offering 190,492 0 0
Payments for "At-the-market" issuance costs (3,448) 0 0
Net cash provided by financing activities 187,636 646,937 1,027,982
Net increase (decrease) in cash and cash equivalents (465,890) 211,281 989,300
Cash and cash equivalents, beginning of the period 1,202,439 991,158 1,858
Cash and cash equivalents, end of the period 736,549 1,202,439 991,158
Supplemental disclosure of cash flow information      
Cash paid for interest 17,985 0 0
Cash paid for income taxes $ 46 $ 0 $ 0