XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities          
Net loss     $ (342,717) $ (180,404)  
Adjustments to reconcile net loss to cash used by operating activities:          
Stock-based compensation     6,553 10,949  
Loss (gain) on disposal of fixed assets $ 175   2,784 (101,736)  
Impairment of property plant and equipment and intangible assets 738 $ 74,865 140,219 74,865  
Depreciation of property plant and equipment     54,407    
Write down of inventory and prepaid inventory     24,105 25,624  
Other non-cash changes     (2,183) 484  
Changes in assets and liabilities:          
Inventory     (10,537) (36,695)  
Prepaid expenses and other assets     13,337 10,289  
Accounts payable     (11,353) 5,120  
Accrued salaries, wages, and benefits     (82) (3,560)  
Accrued legal and professional     (25,061) 37,903  
Accrued expenses and other liabilities     30,522 (13,861)  
Net Cash used in operating activities     (120,006) (171,022)  
Cash flows from investing activities          
Purchases of property plant and equipment     (10,152) (50,563)  
Purchases of short-term investments     (32,147) (49,304)  
Maturities of short-term investments     134,203    
Investment in Foxconn Joint Venture       (13,500)  
Proceeds from the sale of fixed assets     397 38,813  
Net Cash provided by (used in) investing activities     92,301 (74,554)  
Cash flows from financing activities          
Proceeds from notes payable for Foxconn Joint Venture       13,500  
Down payments received from Foxconn       100,000  
Issuance of Class A common stock       1,853  
Proceeds from Equity Purchase Agreement, net of issuance costs       40,439  
Net Cash provided by financing activities       155,792  
Decrease in cash and cash equivalents     (27,705) (89,784)  
Cash and cash equivalents, beginning balance     121,358 244,016 $ 244,016
Cash and cash equivalents, ending balance $ 93,653 $ 154,232 $ 93,653 154,232 $ 121,358
Non-cash items          
Capital assets acquired with payables       $ 2,162