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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net loss $ (126,247) $ (67,159) $ (43,910)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 12,817 7,504 3,790
Stock-based compensation expense 7,183 1,010 644
Bad debt expense 309 133 281
Change in fair value of warrants (12,127) 661 0
Amortization related to financing activities 1,389 2,507 18
Loss on extinguishment of debt 11,742 0 0
Impairment of goodwill 0 4,832 0
Other (65) 364 48
Changes in operating assets and liabilities:      
Accounts receivable (7,038) 693 (2,597)
Inventories (11,690) (5,364) (4,287)
Prepaid expenses and other current assets (13,149) (30) (1,241)
Accounts payable 11,293 (1,949) 4,291
Accrued expenses 7,539 4,120 106
Other liabilities 294 0 (1,496)
Net cash used in operating activities (117,750) (52,678) (44,353)
Investing activities      
Purchases of marketable securities (648,923) (208,780) (36,348)
Proceeds from maturities of marketable securities 2,499 9,070 10,700
Proceeds from sales of marketable securities 639,612 107,243 54,765
Payments for acquisitions of property and equipment (31,490) (9,855) (6,841)
Payments made in connection with business acquisitions (116,287) 0 (26,822)
Proceeds from divestitures 0 1,650 0
Net cash used in investing activities (154,589) (100,672) (4,546)
Financing activities      
Merger transaction costs 285,378 0 0
Payments for extinguishment of debt (43,082) 0 0
Principal payments on debt (4,400) (8,941) (831)
Proceeds from issuance of debt 103,634 24,534 15,293
Borrowing under revolving line of credit 20,954 25,587 28,518
Repayments under revolving line of credit (20,907) (27,082) (27,023)
Proceeds from issuance of redeemable convertible preferred stock, net of costs 0 154,420 32,561
Retirement of redeemable convertible preferred stock 0 (7,766) 0
Repayments of financing lease obligations (703) (121) (60)
Proceeds from the exercise of stock options and warrants 681 72 89
Net cash provided by financing activities 341,555 160,703 48,547
Effect of exchange rate changes on cash 4 (226) (21)
Net increase (decrease) in cash and cash equivalents 69,220 7,127 (373)
Cash and cash equivalents, beginning of year 9,743 2,616 2,989
Cash and cash equivalents, end of year 78,963 9,743 2,616
Supplemental disclosure of cash flow information      
Cash paid for taxes 53 0 5
Cash paid for interest 6,591 4,685 622
Supplemental disclosure of non-cash activities      
Issuance of Notes Payable Warrants and Convertible Notes Payable Warrants 6,663 4,580 0
Conversion of Notes Payable Warrants upon Merger 4,576 0 0
Public Warrants and Private Placement Warrants acquired in Merger 50,850 0 0
Issuance of conversion option 8,783 0 0
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities 3,578 669 952
Noncash or Part Noncash Acquisition, Inventory Acquired 1,854 0 0
Financing leases $ 46,021 $ 33,523 $ 0