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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Cash flows used in operating activities:    
Net loss $ (162,444) $ (137,909)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation, accretion and amortization 30,917 7,100
Stock-based compensation 31,797 44,199
Changes in fair value of common stock warrants 12,540 27,180
Impairment and loss on disposal of long-lived assets 35,107 4,411
Others 172 0
Changes in operating assets and liabilities:    
Accounts and notes receivables 669 128
Inventory (771) (163)
Prepaid expenses and other assets (1,562) 3,145
Accounts payable (8,250) 892
Accrued expenses and compensation 3,465 1,849
Deferred revenue 299 0
Deferred tax liability (5,366) 0
Other liabilities 1,434 5
Net cash used in operating activities (61,993) (49,163)
Cash flows from investing activities:    
Purchase of property and equipment (40,297) (15,724)
Purchases of investments (31,812) (65,736)
Maturities of investments 91,621 0
Net cash provided by (used in) investing activities 19,512 (81,460)
Cash flows from financing activities:    
Proceeds from loan borrowing and issuance of Convertible Senior Notes 4,572 172,500
Repayment of debt (73) 0
Payments of debt issuance costs 0 (5,228)
Purchase of Capped Calls 0 (17,250)
Payroll tax payments for shares withheld upon vesting of RSUs (3,315) (1,226)
Proceeds from the exercise of stock options and issuance of common stock, net of issuance costs 42,753 972
Proceeds from issuance of common stock under employee stock purchase plan 1,145 1,169
Repurchase of unvested restricted common stock (1) (13)
Net cash provided by financing activities 45,081 150,924
Effect of exchange rate changes on cash, cash equivalents and restricted cash (748) 0
Change in cash, cash equivalents, and restricted cash 1,852 20,301
Cash and cash equivalents and restricted cash, beginning of period 235,123 322,976
Cash and cash equivalents, and restricted cash, end of period 236,975 343,277
Supplemental cash flow disclosure:    
Cash paid for interest 2,773 0
Cash paid for income taxes 148 0
Purchase of property and equipment included in liabilities 20,629 15,770
Accrued debt issuance costs $ 0 $ 689