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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Cash flows used in operating activities:    
Net loss $ (121,566) $ (185,082)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation, accretion and amortization 26,675 37,417
Stock-based compensation 37,973 48,630
Changes in fair value of common stock warrants (11,778) (17,359)
Gain on bargain purchase of assets (4,761) 0
Impairment and loss on disposal of long-lived assets 0 38,249
Interest expense (non-cash) 9,222 0
Others 1,312 174
Changes in operating assets and liabilities:    
Accounts and notes receivables (2,359) 494
Inventory (7,247) (827)
Prepaid expenses and other assets 445 (3,913)
Accounts payable 6,539 (10,018)
Accrued expenses and compensation (2,781) 3,175
Deferred revenue 702 (502)
Deferred tax liability (1,135) (3,303)
Other liabilities 467 190
Net cash used in operating activities (68,292) (92,675)
Cash flows from investing activities:    
Purchase of property and equipment (17,216) (59,830)
Payment for business acquisition (10,000) 0
Purchases of investments (370,133) (31,812)
Maturities of investments 58,145 106,621
Net cash provided by (used in) investing activities (339,204) 14,979
Cash flows from financing activities:    
Proceeds from issuance of convertible senior notes and loan borrowing 360,000 4,572
Payments of debt issuance costs (9,900) 0
Repayment of debt (794) (180)
Purchase of Capped Calls (45,288) 0
Proceeds from exercise of common stock warrants 232,106 0
Payments of issuance costs related to common stock and warrant dividends (5,995) 0
Repurchase of common stock (58,385) 0
Proceeds from the exercise of stock options and issuance of common stock under ATM, net of issuance costs 3,133 44,285
Payroll tax payments for shares withheld upon vesting of RSUs (4,855) (5,601)
Proceeds from issuance of common stock under employee stock purchase plan 711 1,145
Repurchase of unvested restricted common stock 0 (4)
Net cash provided by financing activities 470,733 44,217
Effect of exchange rate changes on cash, cash equivalents and restricted cash (409) 1,303
Change in cash, cash equivalents, and restricted cash 62,828 (32,176)
Cash and cash equivalents and restricted cash, beginning of period 274,691 235,123
Cash and cash equivalents and restricted cash, end of period 337,519 202,947
Supplemental cash flow disclosure:    
Cash paid for interest 2,971 2,951
Cash paid for income taxes 1,072 164
Purchase of property and equipment included in liabilities 8,146 14,478
Cashless warrant exercise 0 2,276
Accrued debt issuance costs 1,500 0
Accrued issuance costs related to the Warrants $ 1,082 $ 0