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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (1,543,760) $ (301,711)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 105,201 80,690
Amortization of insurance premium 21,128 14,924
Non-cash operating lease cost 12,278 8,952
Stock-based compensation 125,195 268,943
Inventory and firm purchase commitments write-downs 503,679 178,057
Other non-cash items (27,704) 2,404
Changes in operating assets and liabilities:    
Accounts receivable (978) 1,608
Inventory (447,962) (603,852)
Prepaid expenses (31,035) 6,459
Other current assets 18,488 (32,199)
Other noncurrent assets (109,758) (27,556)
Accounts payable (95,999) 49,596
Accrued compensation 5,679 23,186
Operating lease liabilities (11,712) (6,944)
Other current liabilities (43,380) 179,544
Other long-term liabilities 20,349 7,795
Net cash used in operating activities (1,501,622) (1,008,277)
Cash flows from investing activities:    
Purchases of property, plant and equipment (445,485) (494,900)
Purchases of investments (2,147,253) (1,419,223)
Proceeds from maturities of investments 1,982,489 0
Proceeds from sale of investments 148,388 0
Other investing activities (4,827) 0
Net cash used in investing activities (466,688) (1,914,123)
Cash flows from financing activities:    
Payment for short-term insurance financing note 0 (15,330)
Payment for finance lease liabilities (3,079) (2,401)
Proceeds from borrowings 4,266 6,663
Proceeds from exercise of stock options 5,107 12,849
Proceeds from employee stock purchase plan 15,089 12,882
Tax withholding payments for net settlement of employee awards (10,378) (191,241)
Net cash provided by (used in) financing activities 3,007,870 (183,209)
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,039,560 (3,105,609)
Beginning cash, cash equivalents, and restricted cash 1,737,320 6,298,020
Ending cash, cash equivalents, and restricted cash 2,776,880 3,192,411
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 11,307 12,282
Cash paid for taxes 23 480
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property, plant and equipment included in accounts payable and other current liabilities 13,689 17,240
Property, plant and equipment and right-of-use assets obtained through leases 21,567 47,022
Line of Credit    
Cash flows from financing activities:    
Payment for credit facility issuance costs 0 (6,631)
Underwriting Agreement    
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,184,224 0
Private Placement    
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,812,641 0
Change in fair value of common stock warrant liability    
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of common stock warrant liability $ (1,331) $ (858,173)