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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ (81,966) $ 13,706
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,035 5,435
Amortization of inventory step-up 2,537 0
Inventory impairment charges 31 503
Share-based compensation 11,395 12,415
Amortization of discount and cost of issuance of debt 259 0
Bad debts 0 24
(Gain) loss from change in fair value of warrants 47,332 (47,353)
(Gain) loss from change in fair value of contingent considerations and acquisition-related holdbacks 1,630 (83)
Deferred City Semi compensation 0 125
Deferred tax liabilities (3,716) 0
Amortization of right-of-use assets 525 469
Unrealized foreign currency transaction (gain) loss 0 (14)
Changes in operating assets and liabilities:    
Accounts receivable 4,823 (1,796)
Inventory (9,973) (235)
Accounts payable (2,937) 1,271
Accrued expenses and other current liabilities (1,562) 1,037
Accrued payroll liabilities 269 (1,820)
Deferred revenue (523) 1,792
Prepaid and other current assets (5,627) (789)
Operating lease liabilities (453) (144)
Other long-term liabilities (964) (257)
Net cash used in operating activities (32,885) (15,714)
Cash flows from investing activities:    
Purchases of property and equipment (3,199) (565)
Business combinations, net of cash acquired (98,429) (8,705)
Net cash used in investing activities (101,628) (9,270)
Cash flows from financing activities:    
Proceeds from issuance of common stock/At-the-market offering 34,194 0
Proceeds from issuance of debt obligations 747 315
Payments on debt obligations (11,825) (383)
Payments on financed software (2,069) (704)
Proceeds from exercise of stock options 19 52
Net cash provided by (used in) financing activities 21,066 (720)
Effect of exchange rate changes on cash and cash equivalents (1,034) (398)
Net decrease in cash and cash equivalents (114,481) (26,102)
Cash, cash equivalents and restricted cash at beginning of period 321,879 219,464
Cash, cash equivalents and restricted cash at end of period 207,398 193,362
Supplemental disclosure of cash flow information:    
Cash paid for interest 88 58
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 348 39
Fair value of common stock issued for business combination 85,391 0
Fair value of common stock issuable for business combination 20,979 0
Contingent consideration for business combination 73,047 8,204
Accrual for purchase consideration for business combination $ 4,264 $ 9,674