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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (153,098) $ (75,525)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 4,853 988
Stock-based compensation 3,347 2,520
Loss on disposal of property and equipment 0 647
Change in fair value measurements (1,186) 26,917
Loss (gain) on foreign exchange 894 (831)
Non-cash interest expense 2,319 25,131
Loss on extinguishment of related party notes payable, notes payable and vendor payables in trust, net 0 1,309
Other 108 0
Changes in operating assets and liabilities    
Deposits 6,840 (1,025)
Other current and other non-current assets 2,095 (480)
Accounts payable 5,747 (635)
Accrued expenses and other current liabilities 14,527 665
Operating lease liabilities (882) 0
Accrued interest expense (7,928) 0
Net cash used in operating activities (122,364) (20,319)
Cash flows from investing activities    
Payments for property and equipment (44,398) (711)
Net cash used in investing activities (44,398) (711)
Cash flows from financing activities    
Proceeds from related party notes payable 0 200
Proceeds from notes payable, net of original issuance discount 0 76,140
Payments of related party notes payable 0 (1,528)
Payments of notes payable, including Payment Premium (87,065) (3,355)
Payments of finance lease obligations (466) (1,110)
Proceeds from exercise of stock options 1,855 2,650
Net cash (used in) provided by financing activities (85,676) 72,997
Effect of exchange rate changes on cash and restricted cash (653) (548)
Net (decrease) increase in cash and restricted cash (253,091) 51,419
Cash and restricted cash, beginning of period 530,477 1,827
Cash and restricted cash, end of period 277,386 53,246
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash 276,374 47,525
Restricted cash 1,012 5,721
Total cash and restricted cash, end of period 277,386 53,246
Supplemental disclosure of noncash investing and financing activities    
Operating leases 8,206 0
Additions of property and equipment included in accounts payable and accrued expenses 1,881 0
Conversion of The9 Conditional Obligation to equity 0 2,863
Supplemental disclosure of cash flow information    
Cash paid for interest $ 10,040 $ 772