XML 19 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (147,946) $ (116,606)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15,345 13,969
Amortization and impairment of internal-use software 1,741 1,563
Stock-based compensation expense 37,473 37,222
Change in fair value of warrant liabilities (32,989) 0
Loss (gain) on disposal of property and equipment 92 57
Gain on lease termination (15) (876)
Changes in operating assets and liabilities:    
Accounts receivable (related party amounts of $(105) and nil for the nine months ended December 31, 2021 and 2020, respectively) (21,078) 1,259
Inventories (10,605) (2,127)
Deferred cost of revenue (10,630) (5,831)
Prepaid expenses and other current assets (related party amounts of $(207) and nil as of December 31, 2021 and March 31, 2021, respectively) (7,697) 5,483
Operating lease right-of-use assets 5,265 8,496
Other assets (604) 37
Accounts payable (related party amounts of $(4,422) and $(4,231) for the nine months ended December 31, 2021 and 2020, respectively) (804) (215)
Accrued expenses and other current liabilities (related party amounts of $5,416 and $749 for the nine months ended December 31, 2021 and 2020, respectively) 9,878 636
Deferred revenue (related party amounts of $(3,969) and $(5,221) for the nine months ended December 31, 2021 and 2020, respectively) 40,223 29,576
Operating lease liabilities (5,655) (6,693)
Other liabilities (3,617) 64
Net cash used in operating activities (131,623) (33,986)
Cash flows from investing activities:    
Purchases of property and equipment (2,421) (3,860)
Purchases of intangible assets (5,500) 0
Proceeds from sale of property and equipment 1 838
Capitalized internal-use software costs (2,855) (2,725)
Cash paid for acquisitions, net of cash acquired (94,165) 0
Net cash used in investing activities (104,940) (5,747)
Cash flows from financing activities:    
Proceeds from issuance of redeemable convertible preferred stock 0 82,500
Payments for issuance costs of redeemable convertible preferred stock 0 (232)
Proceeds from exercise of stock options (related party amounts of nil and $34,710 for the nine months ended December 31, 2021 and 2020, respectively) 11,476 38,210
Payments of transaction costs (30,642) 0
Proceeds from issuance of common stock upon Merger 309,720 0
Proceeds from PIPE 250,000 0
Proceeds from exercise of merger warrants 44 0
Payment for warrant redemptions (116) 0
Net cash provided by financing activities 540,482 120,478
Effect of Exchange Rate on Cash and Cash Equivalents (4) 0
Net increase (decrease) in cash and restricted cash 303,915 80,745
Cash and restricted cash—beginning of period 290,862 216,315
Cash and restricted cash—end of period 594,777 297,060
Supplemental disclosures of non-cash investing and financing activities:    
Purchases of property and equipment during the period included in accounts payable and accrued expenses 859 50
Stock-based compensation capitalized for internal-use software costs 745 501
Reclassification of deferred offering costs 3,971  
Vesting of related party early exercised stock options   14,892
Assumption of merger warrants liability 75,415 0
Conversion of redeemable convertible preferred stock to common stock 837,351 0
Redemption/Exercise of Class A Common Stock Warrants 42,354 0
Stock consideration in acquisition of businesses, including fair value of common stock issued and fair value of stock-based awards that were vested 322,842 0
Cash 586,204 288,687
Restricted cash, current 1,599 1,399
Restricted cash, noncurrent 6,974 6,974
Total cash and restricted cash $ 594,777 $ 297,060