XML 22 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (180,404) $ (329,217)
Adjustments to reconcile net loss to cash used by operating activities:    
Stock-based compensation 10,949 12,365
Gain on disposal of fixed assets (101,736)  
Impairment of fixed assets 74,865  
Amortization of intangible assets   11,111
Other non-cash changes 26,108 13,903
Changes in assets and liabilities:    
Accounts receivables   21
Inventory (36,695)  
Prepaid expenses and other assets 10,289 (3,001)
Accounts payable 5,120 10,929
Accrued expenses and other liabilities 20,482 37,649
Net Cash used by operating activities (171,022) (246,240)
Cash flows from investing activities    
Purchases of capital assets (50,563) (255,528)
Purchases of short-term assets (49,304)  
Investment in Foxconn Joint Venture (13,500)  
Proceeds from the sale of capital assets 38,813  
Net Cash used by investing activities (74,554) (255,528)
Cash flows from financing activities    
Proceeds from notes payable 13,500 82,016
Down payments received from Foxconn 100,000 82,000
Issuance of common stock 1,853 3,822
Proceeds from Equity Purchase Agreement with YA, net of issuance costs 40,439 20,000
Net Cash provided by financing activities 155,792 105,838
Decrease in cash and cash equivalents (89,784) (395,930)
Cash and cash equivalents, beginning balance 244,016 629,761
Cash and cash equivalents, ending balance 154,232 233,831
Non-cash items    
Derecognition of Foxconn down payments for sale of capital assets 200,000  
Capital assets acquired with payables $ 2,162 $ 10,793