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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net loss $ (181,377) $ (145,510) $ (23,605)
Adjustment to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 11,133 1,609 711
Stock-based compensation 60,331 23,757 1,237
Accretion of unamortized debt discount and amortization of debt issuance costs 149 558 2,139
Change in fair value 0 21,463 (3,649)
Impairment charges 634 3,573 0
Deferred income taxes (19,233) 0 0
Change in fair value of common stock warrant liabilities (87,922) 23,049 0
Changes in operating assets and liabilities:      
Accounts receivable, net 203 0 0
Prepaid expenses and other assets (6,284) (7,505) (4,307)
Operating lease right-of-use assets (14,511)    
Accounts payable 6,261 10,729 (54)
Accrued professional fees (3,739) 0 0
Loss contingency accrual 11,557 0 0
Operating lease liabilities 15,677    
Other accruals and liabilities 26,967 12,045 5,591
Net cash used in operating activities (180,154) (56,232) (21,937)
Investing Activities      
Purchases of property and equipment, including internal-use software (3,236) (3,246) (3,223)
Investment in non-marketable equity securities (54,769) 0 0
Purchases of marketable securities (504,032) 0 0
Proceeds from sales of marketable securities 2,100 0 0
Cash paid for business acquisition, net of cash acquired (83,987) 0 0
Net cash used in investing activities (643,924) (3,246) (3,223)
Financing Activities      
Principal payments on finance leases obligations (1,582)    
Borrowings under debt agreements, net of issuance costs 280,897 0 9,563
Payments for debt issuance costs (3) (201) 0
Payments under debt agreements 0 (10,000) (3,500)
Proceeds from issuance of common stock in follow-on offering, net of underwriting commissions, and offering costs 402,138 0 0
Net cash contributions from Business Combination and PIPE Financing 0 246,484 0
Payments made towards offering costs (13,222) (1,993) 0
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0 76,617 24,908
Net proceeds from exercise of stock options and issuance of common stock 3,883 1,243 197
Proceeds from exercise of common stock warrants, net of redemptions 130,571 382 0
Taxes paid related to net share settlement of equity awards 0 (13,404) 0
Payments made to repurchase common stock 0 (1,339) 0
Payments for redemption of preferred stock 0 (1,211) 0
Net cash provided by financing activities 802,682 296,578 31,168
Net change in cash, cash equivalents and restricted cash (21,396) 237,100 6,008
Cash, cash equivalents and restricted cash – beginning of year 265,648 28,548 22,540
Cash, cash equivalents and restricted cash – end of year 244,252 265,648 28,548
Cash paid during the period for:      
Interest 180 815 269
Noncash investing and financing activities:      
Carrying value of long-term debt and accrued interest converted to redeemable convertible preferred stock 0 0 14,852
Settlement of the Redeemable convertible Series E preferred stock forward contract liability 0 21,688 0
Deferred offering costs and issuance costs in accounts payable and accrued liabilities 2,004 14,065 0
Issuance of common stock for business combination 67,051 0 0
Warrant liability reclassified to additional paid-in capital 84,016 0 0
Payment of promissory notes through surrender of shares $ 0 $ 18,673 $ 0