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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (301,122) $ (164,093)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,374 2,240
Amortization of operating lease right-of-use assets 3,531 2,682
Amortization of premium on marketable securities 1,111 979
Change in fair value of warrants (6,645) 22,649
Vendor stock-in-lieu of cash program 32,487 2,744
Amortization of debt discount and issuance costs 2,427 0
Impairment of inventories 8,750 1,601
Share-based compensation 117,874 49,887
Deferred taxes 0 (1,264)
Product warranty and other (623) 1,143
Changes in operating assets and liabilities:    
Accounts receivable 6,457 5,748
Inventories (6,648) (6,658)
Prepaid expenses and other current assets (4,685) (16,971)
Other non-current assets (1,371) (88)
Accounts payable 8,379 3,330
Accrued and other current liabilities 5,716 5,910
Other non-current liabilities (3,571) (4,095)
Net cash used in operating activities (133,559) (94,256)
Cash flows from investing activities:    
Cash received from acquisition of Optogration, Inc. 0 358
Purchases of marketable securities (363,906) (530,179)
Proceeds from maturities of marketable securities 254,068 306,907
Proceeds from sales of marketable securities 68,804 83,493
Purchases of property and equipment (11,277) (4,155)
Advances for capital projects and equipment (2,009) 0
Net cash used in investing activities (59,080) (143,576)
Cash flows from financing activities:    
Proceeds from exercise of warrants 0 153,927
Proceeds from exercise of stock options 2,891 4,738
Payments of employee taxes related to stock-based awards (2,773) (140)
Repurchase of common stock and redemption of warrants (80,878) (2)
Other financing activities 0 (362)
Net cash provided by (used in) financing activities (80,760) 158,161
Net decrease in cash, cash equivalents and restricted cash (273,399) (79,671)
Beginning cash, cash equivalents and restricted cash 330,702 209,719
Ending cash, cash equivalents and restricted cash 57,303 130,048
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,863 53
Supplemental disclosures of noncash investing and financing activities:    
Issuance of Class A common stock upon exercise of warrants 19,003 338,293
Operating lease right-of-use assets obtained in exchange for lease obligations 16,749 2,876
Purchases of property and equipment recorded in accounts payable and accrued liabilities 1,663 543
Vendor stock-in-lieu of cash program—advances for capital projects and equipment 21,024 0
Freedom Photonics    
Cash flows from investing activities:    
Acquisitions (2,759) 0
Solfice    
Cash flows from investing activities:    
Acquisitions (2,001) 0
Upon adoption of ASC 842    
Supplemental disclosures of noncash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for lease obligations $ 0 $ 10,849