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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net loss [1] $ (82,406) $ (78,530)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,093 1,092
Stock-based compensation 42,531 9,565
Accretion of unamortized discount and amortization of issuance costs 28 548
Fair value adjustment of financial instruments 0 20,808
Impairment charge 0 3,395
Deferred income taxes (18,825) 0
Change in fair value of common stock warrant liabilities [1] (81,898) 0
Changes in operating assets and liabilities:    
Accounts receivable, net 975 0
Prepaid expenses and other assets (7,217) (3,858)
Deferred offering costs 0 (13,507)
Accounts payable (3,445) 3,078
Accrued professional fees (3,989) 12,199
Loss contingency accrual 11,557 0
Other liabilities 33,270 15,466
Net cash used in operating activities (103,326) (29,744)
Investing Activities    
Purchases of property and equipment, including internal-use software (2,068) (3,009)
Investment in non-marketable equity securities (54,748) 0
Business combination, net of cash acquired (83,987) 0
Net cash used in investing activities (140,803) (3,009)
Financing Activities    
Payments of capital lease obligations (946) 0
Payments for debt issuance costs 0 (201)
Payments under debt agreements 0 (10,000)
Proceeds from issuance of common stock in follow-on offering, net of underwriting commissions, and offering costs 402,139 0
Payments made towards offering costs (13,221) (653)
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0 76,617
Proceeds from exercise of stock options and issuance of common stock 3,166 673
Proceeds from exercise of common stock warrants, net of redemptions 130,571 0
Payments made to repurchase common stock and preferred stock 0 (2,450)
Net cash provided by financing activities 521,709 63,986
Net change in cash, cash equivalents and restricted cash 277,580 31,233
Cash, cash equivalents and restricted cash – beginning of year 265,648 28,548
Cash, cash equivalents and restricted cash – end of year 543,228 59,781
Cash paid during the period for:    
Interest 161 800
Noncash investing and financing activities:    
Issuance of common stock for business combination 67,051 0
Remeasurement of redeemable convertible preferred stock 0 865,952
Settlement of the Redeemable convertible Series E preferred stock forward contract liability 0 21,688
Deferred offering costs in accounts payable and accrued liabilities 0 12,795
Warrant liability reclassified to additional paid-in capital $ 84,016 $ 0
[1] Retroactively restated for the reverse recapitalization as described in Notes 1 and 3.