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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net loss $ (1,137,611) $ (380,402)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 145,866 85,551
Provision for severance benefits 100,649 48,856
Equity-based compensation 193,450 24,017
Paid-in-kind interest and accretion of discount on convertible notes 20,148 66,569
Revaluation of derivative instrument 0 (70,032)
Inventory and fixed asset losses due to fulfillment center fire 284,825 0
Non-cash operating lease expense 187,926 105,512
Non-cash others 32,786 40,352
Change in operating assets and liabilities:    
Accounts receivable, net (75,958) (41,234)
Inventories (308,559) (413,619)
Other assets (182,375) (153,416)
Accounts payable 561,528 948,051
Accrued expenses 50,604 41,145
Deferred revenue 13,015 8,037
Other liabilities (94,126) (24,299)
Net cash (used in) provided by operating activities (207,832) 285,088
Investing activities:    
Purchases of property and equipment (505,554) (314,941)
Proceeds from sale of property and equipment 960 222
Other investing activities (2,218) (35,629)
Net cash used in investing activities (506,812) (350,348)
Financing activities:    
Repurchase of common units and preferred units 0 (97,043)
Proceeds from issuance of Class A common stock upon initial public offering, net of underwriting discounts 3,431,277 0
Deferred offering costs paid (11,618) 0
Proceeds from issuance of common stock/units, equity-based compensation plan 57,521 11,223
Proceeds from short-term borrowings and long-term debt 308,772 220,649
Repayment of short-term borrowings and long-term debt (111,472) (24,913)
Other financing activities (2,289) (1,379)
Net cash provided by financing activities 3,672,191 108,537
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (88,842) (6,236)
Net increase in cash and cash equivalents, and restricted cash 2,868,705 37,041
Cash and cash equivalents, and restricted cash, as of beginning of period 1,401,302 1,371,535
Cash and cash equivalents, and restricted cash, as of end of period 4,270,007 1,408,576
Supplemental disclosure of cash-flow information:    
Cash paid for income taxes 1,088 155
Cash paid for interest 14,175 16,744
Non-cash investing and financing activities:    
(Decrease) increase in property and equipment-related accounts payable and accrued expenses (5,516) 16,661
Conversion of common units into Class A and Class B common stock 87,064 0
Conversion of redeemable convertible preferred units into Class A and Class B common stock 3,465,611 0
Conversion of convertible notes into Class A common stock $ 609,999 $ 0