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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,353,581 $ 1,369,947
Short-term investments 1,862,848 2,489,798
Accounts receivable, net (including $77,808 and $35,526 from a related party as of June 30, 2024 and December 31, 2023, respectively) 101,370 51,822
Inventory 509,888 696,236
Prepaid expenses 71,637 69,682
Other current assets 102,164 79,670
Total current assets 4,001,488 4,757,155
Property, plant and equipment, net 3,065,711 2,810,867
Right-of-use assets 212,877 221,508
Long-term investments 687,641 461,029
Other noncurrent assets 204,049 180,626
Investments in equity securities of a related party 51,502 81,533
TOTAL ASSETS 8,223,268 8,512,718
Current liabilities:    
Accounts payable 113,634 108,724
Accrued compensation 137,374 92,494
Finance lease liabilities, current portion 7,099 8,202
Other current liabilities (including $79,735 and $92,258 associated with related parties as of June 30, 2024 and December 31, 2023, respectively) 752,779 798,990
Total current liabilities 1,010,886 1,008,410
Finance lease liabilities, net of current portion 76,533 77,653
Common stock warrant liability 19,071 53,664
Long-term debt 1,999,547 1,996,960
Other long-term liabilities (including $148,121 and $178,311 associated with related parties as of June 30, 2024 and December 31, 2023, respectively) 555,923 524,339
Derivative liability associated with Series A redeemable convertible preferred stock (related party) 394,100 0
Total liabilities 4,056,060 3,661,026
Commitments and contingencies (Note 12)
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Series A redeemable convertible preferred stock, par value $0.0001; 10,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 100,000 and 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively (related party) 651,311 0
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.0001; 15,000,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 2,319,543,729 and 2,300,111,489 shares issued and 2,318,685,904 and 2,299,253,664 shares outstanding as of June 30, 2024 and December 31, 2023, respectively 232 230
Additional paid-in capital 15,063,541 15,066,080
Treasury stock, at cost, 857,825 shares at June 30, 2024 and December 31, 2023 (20,716) (20,716)
Accumulated other comprehensive income (loss) (4,159) 4,850
Accumulated deficit (11,523,001) (10,198,752)
Total stockholders’ equity 3,515,897 4,851,692
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY $ 8,223,268 $ 8,512,718