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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 52,546 $ 8,957
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 249 277
Gain on sale of property and equipment 0 (246)
Amortization of debt financing costs 1,546 209
Impairment of inventory 22,205 339
Stock-based compensation 4,028 1,263
Change in fair value of warrant liabilities (18,201) 0
Changes in operating assets and liabilities:    
Accounts receivable (6,764) (4,808)
Inventory (179,060) (311,840)
Prepaid expenses and other assets (5,847) (10,108)
Accounts payable 4,306 3,153
Accrued and other liabilities 12,513 15,274
Net cash used in operating activities (112,479) (297,530)
Cash flows from investing activities:    
Purchases of property and equipment (725) (5,942)
Proceeds from sales of property and equipment 0 2,032
Net cash used in investing activities (725) (3,910)
Cash flows from financing activities:    
Borrowings from credit facilities and notes payable 2,132,189 888,970
Repayments of credit facilities and notes payable (2,017,985) (580,819)
Payment of debt financing costs (35) (185)
Proceeds from exercise of stock options 4,775 633
Payments for taxes related to stock-based awards (235) 0
Net cash provided by financing activities 118,709 308,599
Net change in cash, cash equivalents and restricted cash 5,505 7,159
Cash, cash equivalents and restricted cash, beginning of period 194,433 50,742
Cash, cash equivalents and restricted cash, end of period 199,938 57,901
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:    
Cash and cash equivalents 155,464 44,560
Restricted cash 44,474 13,341
Total cash, cash equivalents and restricted cash 199,938 57,901
Supplemental disclosure of cash flow information:    
Cash payments for interest $ 19,941 $ 5,537