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Condensed consolidated interim statements of cash flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating activities        
Net loss $ (35,300,000) $ (28,100,000) $ (74,700,000) $ (38,200,000)
Items not affecting cash        
Share-based compensation 3,700,000 4,500,000 6,900,000 11,500,000
Depreciation 4,000,000.0 2,600,000 7,700,000 4,500,000
Foreign exchange (gain) loss on translation 200,000 (400,000) 400,000 (100,000)
Foreign exchange (gain) loss on translation (7,300,000) (7,700,000) (6,600,000) (22,600,000)
Interest expense 3,700,000 3,900,000 7,700,000 7,700,000
Interest paid (800,000) (400,000) (1,800,000) (900,000)
Interest received 4,600,000 1,300,000 9,900,000 1,500,000
Interest income (4,200,000) (1,300,000) (9,200,000) (1,500,000)
Cash flows from (used in) operations before changes in working capital (31,400,000) (25,600,000) (59,700,000) (38,100,000)
Changes in non-cash working capital items        
Accounts receivable 2,800,000 5,300,000 3,400,000 (600,000)
Other receivables 200,000 (2,200,000) 4,300,000 (2,300,000)
Prepayments and deposits (8,800,000) (7,500,000) (12,100,000) (15,300,000)
Inventories 2,600,000 (1,900,000) 5,800,000 (3,900,000)
Accounts payable and accrued liabilities (10,700,000) 7,800,000 (7,700,000) 17,300,000
Deferred Revenue 5,400,000 0 5,400,000 0
Net cash used in operating activities (39,900,000) (24,100,000) (60,600,000) (42,900,000)
Investing activities        
Purchases of plant and equipment (57,000,000.0) (36,100,000) (163,600,000) (53,600,000)
Prepaid equipment deposits (21,400,000) (28,300,000) (1,100,000) (27,200,000)
Net cash used in investing activities (78,400,000) (64,400,000) (164,700,000) (80,800,000)
Financing activities        
Proceeds from convertible debt 0 198,700,000 0 198,700,000
Capital contribution from the holders of non-controlling interest 0 300,000 0 300,000
Purchase of non-controlling interest (400,000) 0 (400,000) 0
Repayment of lease principal (1,700,000) (1,300,000) (3,400,000) (2,400,000)
Net cash (used in) from financing activities (2,100,000) 247,400,000 (3,800,000) 246,300,000
Net change in cash and cash equivalents (120,400,000) 158,900,000 (229,100,000) 122,600,000
Cash and cash equivalents, beginning of the period 409,200,000 527,400,000 517,900,000 563,700,000
Cash and cash equivalents, end of the period $ 288,800,000 $ 686,300,000 $ 288,800,000 $ 686,300,000