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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net loss $ (340,955) $ (184,123)
Adjusted for the following items:    
Inventory valuation adjustments 2,062 4,044
Depreciation and amortization expenses 4,908 4,561
Impairment of assets   29,839
Stock-based compensation expenses 7,193 7,677
Change in fair value of warrant liability 263,201 71,978
Loss from equity method investments 1,787 1,748
(Gain) loss from equity investments measured at fair value (300) 1,534
(Gain) loss from sale of investment (75) 65
Interest on debt securities   (221)
Deferred taxes (635) (1,272)
Amortization of discount on convertible notes 1,653 2,597
Amortization of transaction costs on Senior Facility 436 131
Foreign currency (gain) loss (699) 28,069
Accretion related to obligations under finance leases 485 151
Issuance costs on registered offering recorded to net loss   3,953
Credit loss expenses 805 46
Provision for sales returns (924) (262)
Loss on disposal of property and equipment 82 457
Other non-cash items   138
Changes in non-cash working capital:    
Accounts receivable (1,000) (1,906)
Inventory (4,893) (11,594)
Prepayments and other current assets 2,703 6,749
Accounts payable 30,513 (15,218)
Accrued expenses and other current liabilities 20,645 (3,172)
Net cash used in operating activities (13,008) (54,031)
Investing activities    
Change in deposits and other assets   (927)
Investment in equity method investees (493)  
Proceeds from the sale of other investments 2,719 437
Purchases of property and equipment (2,466) (18,290)
Proceeds from disposal of property and equipment 171 661
Net cash used in investing activities (69) (18,119)
Financing activities    
Proceeds from at-the-market equity offering, net of costs 156,029 27,027
Proceeds from ABG Profit Participation Arrangement   1,353
Proceeds from issuance of registered offering, net of issuance costs   85,465
Payment of ABG finance liability (375) (1,000)
Proceeds from exercise of warrants 76,106  
Proceeds from exercise of stock options 6,117 1,813
Payment of obligations under finance lease   (105)
Payment on the settlement of stock options (2,487) (748)
Proceeds from issuance of Senior Facility, net of transaction costs   46,395
Repayment of Senior Facility (1,309) (414)
Net cash provided by financing activities 234,081 159,786
Effect of foreign currency translation on cash and cash equivalents 5,664 (10,437)
Increase (decrease) in cash and cash equivalents 226,668 77,199
Cash and cash equivalents, beginning of period 189,702 96,791
Cash and cash equivalents, end of period $ 416,370 $ 173,990