XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Interim Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash used in operating activities    
Loss for the period $ (59,426) $ (16,661)
Adjustments for non-monetary items:    
Share-based compensation expense 8,074 13,398
Impairments of assets 146 0
Depreciation of property, plant and equipment 249 261
Amortization of intangible assets 52 26
Impairment of intangible assets 743 0
Depreciation of right-of-use assets 393 307
Gain from reversal of inventory impairment charges 0 (361)
Share of results in joint venture 1,363 2,502
Deferred tax asset (848) (3,856)
Change in defined benefit pension liability 0 72
Convertible loans, derivatives, change in fair value 0 (15,855)
Warrant obligations, change in fair value (1,272) 0
Employee stock purchase plan deductions 244 0
Financial income  (2,304) (18,307)
Financial expense 10,291 9,165
Exchange differences 18 (63)
Operating loss before working capital changes (42,277) (29,372)
Decrease in accounts receivable, net 48,901 3,466
Decrease (increase) in other current assets (175) (355)
Decrease (increase) in other current assets 55 (1,065)
(Decrease) increase in accounts payable (3,663) 4,383
Increase in income taxes 587 2,686
Decrease in other liabilities and other payables (12,090) (10,666)
Cash used in operating activities (8,662) (30,923)
Interest paid (3,841) (1,838)
Interest received 2,795 18
Interest expense on lease obligations 126 52
Payments made under royalty financing transaction (4,885) (1,191)
Tax paid (304) 0
Net cash used in operating activities (14,771) (33,882)
Cash used in investing activities    
Payment for purchase of property, plant and equipment (996) (229)
Payment for purchase of intangible assets (20) (889)
Payment for deposits 0 (330)
Net cash used in investing activities (1,016) (1,448)
Cash provided by (used in) financing activities    
Principal portion of lease obligation payments (196) (258)
Net cash provided by (used in) financing activities (196) (258)
Net decrease in cash and cash equivalents (15,983) (35,588)
Exchange losses on cash and cash equivalents 89 (82)
Cash and cash equivalents at beginning of the period 326,441 466,544
Cash and cash equivalents at end of the period 310,547 430,874
Supplemental Non-Cash Investing Information    
Capital expenditures and intangible asset acquisitions recorded in Accounts payable $ 411 $ 0