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Consolidated statements of cash flows - USD ($)
2 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Oct. 31, 2022
Oct. 31, 2021
Operating activities          
Net (loss) income $ 1,600,000 $ (138,000,000.0)   $ (50,300,000) $ (70,500,000)
Adjustments to reconcile net (loss) income to net cash used in operating activities:          
Stock-based compensation expense 2,100,000 12,700,000   17,500,000 4,000,000.0
Depreciation and amortization 1,300,000 8,900,000   3,700,000 1,600,000
Loss on write off of fixed assets 0 3,900,000   0 0
Foreign exchange (gain) loss 800,000 1,200,000   (1,300,000) 600,000
Fair value (gain) loss on financial instruments (21,400,000) (22,100,000)   (67,500,000) 35,200,000
Inventory write downs to net realizable value 1,000,000.0 6,000,000.0   6,400,000 2,900,000
Income tax expense 0 100,000   0 0
Bad debt expense 0 1,200,000 $ 0 0 0
Interest and accretion on convertible debt 2,200,000 7,600,000   12,300,000 1,100,000
Non-cash lease expense 300,000 600,000   900,000 0
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities (12,100,000) (117,900,000)   (78,300,000) (25,100,000)
Changes in working capital items:          
Accounts receivable (2,800,000) 2,500,000   2,600,000 (3,500,000)
Other receivables (2,200,000) 8,000,000.0   (6,800,000) (700,000)
Prepayments and deposits 300,000 (1,900,000)   (3,300,000) (4,800,000)
Inventories (1,300,000) (8,700,000)   (12,700,000) (3,900,000)
Deferred revenue 0 200,000   0 0
Accounts payable (5,800,000) 8,100,000   7,100,000 7,000,000.0
Accrued liabilities (17,000,000.0) 9,900,000   14,400,000 5,400,000
Net cash used in operating activities (40,900,000) (99,800,000)   (77,000,000) (25,600,000)
Investing activities          
Purchases of property, plant, equipment, and other assets (18,900,000) (334,900,000)   (190,100,000) (21,400,000)
Prepaid construction charges (18,900,000) (334,900,000)   (190,100,000) (21,400,000)
Financing activities          
Payments of transaction costs (600,000) (7,800,000)   (300,000) 0
Proceeds from reservation fees recorded in deferred revenue 0 5,300,000   0 0
Capital contribution from (payment to) the holders of non-controlling interest in subsidiary 0 (400,000)   300,000 0
Proceeds from private share issuance, net of share issuance costs 0 0   0 21,600,000
Proceeds from public share issuance, net of share issuance costs 0 0   49,700,000 525,300,000
Proceeds from exercise of stock options 0 0   0 200,000
Proceeds from exercise of warrants 0 0   100,000 0
Proceeds from convertible debt, net of issuance cost 0 0   198,700,000 98,400,000
Proceeds from loan payable 0 0   0 10,100,000
Proceeds from government grants 0 0   0 100,000
Repayment of loan payable 0 0   0 (12,500,000)
Net cash (used in) provided by financing activities (600,000) (2,900,000)   248,500,000 643,200,000
Net change in cash, cash equivalents and restricted cash (60,400,000) (437,600,000)   (18,600,000) 596,200,000
Cash, cash equivalents and restricted cash, beginning of year 578,300,000 517,900,000   596,900,000 700,000
Cash, cash equivalents and restricted cash, end of year 517,900,000 80,300,000 $ 517,900,000 578,300,000 596,900,000
Supplemental non-cash investing activities:          
Purchases of property and equipment included in liabilities 48,600,000 87,600,000   7,200,000 2,100,000
Supplemental information:          
Interest paid $ 0 $ 0   $ (200,000) $ (1,500,000)