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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (398,169) $ (432,206)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 15,323 4,268
Stock-based compensation 9,793 8,521
Vesting of restricted stock awards for employee bonus 0 14,620
Loss on disposal of property and equipment 1,407 62,987
Change in fair value measurements 622 60,394
Loss (gain) on foreign exchange 2,484 (1,823)
Loss on write-off of vendor deposits, net and (gain) on write-off of accounts payable 2,992 (4,191)
Non-cash interest expense 8,468 36,478
Loss on extinguishment or settlement of related party notes payable, notes payable and vendor payables in trust, net 7,690 96,036
Gain on forgiveness of vendor payables in trust 0 (1,731)
Reserve for unrecoverable value added taxes 0 6,404
Other 324 0
Changes in operating assets and liabilities:    
Deposits 13,364 (35,796)
Other current and non-current assets (16,011) (18,446)
Accounts payable 27,467 (40,434)
Accrued payroll and benefits 9,372 (6,889)
Accrued expenses and other current liabilities (24,628) 12,763
Operating lease liabilities (2,886) 0
Accrued interest expense (12,721) 0
Transfers between vendor payables in trust and accounts payable 0 1,167
Net cash used in operating activities (355,109) (237,878)
Cash flows from investing activities    
Payments for property and equipment (112,099) (37,264)
Net cash used in investing activities (112,099) (37,264)
Cash flows from financing activities    
Proceeds from issuance of Class A Common Stock in the Business Combination 0 229,583
Proceeds from issuance of Class A Common Stock pursuant to the PIPE Financing 0 761,400
Transaction costs paid in connection with the Business Combination 0 (23,148)
Transaction costs paid in connection with the PIPE Financing 0 (61,130)
Proceeds from related party notes payable 0 200
Proceeds from notes payable, net of original issuance discount 40,050 172,031
Proceeds from exercise of warrants 1,728 0
Payments of notes payable (87,258) 0
Payments of related party notes payable 0 (38,217)
Payments of notes payable, including liquidation premium 0 (48,210)
Payments of notes payable issuance costs (2,813) (3,355)
Payments of vendor payables in trust 0 (27,722)
Payments of finance lease obligations (1,410) (2,691)
Repurchase of common stock (767) 0
Transfers between vendor payables in trust and accounts payable 0 (1,167)
Proceeds from exercise of stock options 9,535 10,492
Payments of stock issuance costs 0 (1,071)
Net cash (used in) provided by financing activities (40,935) 966,995
Effect of exchange rate changes on cash and restricted cash 11,594 (2,536)
Net (decrease) increase in cash and restricted cash (496,549) 689,317
Cash and restricted cash, beginning of period 530,477 1,827
Cash and restricted cash, end of period 33,928 691,144
Cash 31,766 666,061
Restricted cash 2,162 25,083
Supplemental disclosure of noncash investing and financing activities    
Conversion of related party notes payable and related party accrued interest into Class A Common Stock 0 294,796
Conversion of notes payable and accrued interest into Class A Common Stock 0 98,375
Conversion of assumed convertible and promissory notes payable into Class A Common Stock and Private Warrants 0 1,080
Recognition of operating right of use assets and lease liabilities upon adoption of ASC 842 and for new leases entered into in 2022 11,906 0
Additions of property and equipment included in accounts payable and accrued expenses 12,056 0
Issuance of Warrants 0 17,596
Issuance pursuant to commitment to issue registered shares 32,900 0
Receipt of class A common stock in consideration of exercises of options 669 0
Transfer of private warrants to unaffiliated parties 186 0
Conversion of convertible note to equity 67,218 0
Acquisitions of property and equipment included in accounts payable 0 270
Settlement of vendor payables in trust for a commitment to issue Class A Common Stock 0 96,186
Settlement of accounts payable for a commitment to issue Class A Common Stock 0 2,879
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Settlement of notes payable and accrued interest for a commitment to issue Class A Common Stock 0 68,541
Settlement of related party notes payable and related party accrued interest for a commitment to issue Class A Common Stock 0 69,218
Settlement of vendor payables in trust for a commitment to issue Class A Common Stock 0 96,186
Settlement of accounts payable for a commitment to issue Class A Common Stock 0 2,879
Reclassification of deferred transaction costs paid in prior periods against the proceeds received in the Business Combination 0 7,865
Supplemental disclosure of cash flow information    
Cash paid for interest 12,721 5,837
Class A Common Stock    
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Exchange of Legacy FF redeemable preference stock for a commitment to issue common stock 0 859,182
Class B Common Stock    
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Exchange of Legacy FF redeemable preference stock for a commitment to issue common stock 0 697,611
The9 Conditional Obligation    
Supplemental disclosure of noncash investing and financing activities    
Conversion of The9 Conditional Obligation to equity $ 0 $ 2,863