XML 24 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (5,432,000,000) $ (6,752,000,000) $ (4,688,000,000)
Depreciation and amortization 937,000,000 652,000,000 197,000,000
Stock-based compensation expense 821,000,000 987,000,000 570,000,000
Other expenses 0 0 643,000,000
Loss on convertible notes, net 0 0 441,000,000
Inventory LCNRV write-downs and losses on firm purchase commitments 107,000,000 920,000,000 95,000,000
Other non-cash activities 115,000,000 82,000,000 36,000,000
Changes in operating assets and liabilities:      
Accounts receivable, net (59,000,000) (76,000,000) (20,000,000)
Inventory (1,604,000,000) (1,657,000,000) (369,000,000)
Other current assets (62,000,000) (14,000,000) (81,000,000)
Other non-current assets (84,000,000) (22,000,000) (8,000,000)
Accounts payable and accrued liabilities 105,000,000 623,000,000 461,000,000
Other current liabilities 73,000,000 104,000,000 83,000,000
Other non-current liabilities 217,000,000 101,000,000 18,000,000
Net cash used in operating activities (4,866,000,000) (5,052,000,000) (2,622,000,000)
Cash flows from investing activities:      
Purchases of short-term investments (2,410,000,000) 0 0
Maturities of short-term investments 925,000,000 0 0
Capital expenditures (1,026,000,000) (1,369,000,000) (1,794,000,000)
Net cash used in investing activities (2,511,000,000) (1,369,000,000) (1,794,000,000)
Cash flows from financing activities:      
Proceeds from share issuance upon initial public offering, net of underwriting discounts and commissions and offering costs 0 0 13,530,000,000
Proceeds from issuance of capital stock including employee stock purchase plan 61,000,000 102,000,000 2,658,000,000
Proceeds from issuance of convertible notes 3,195,000,000 0 2,500,000,000
Proceeds from issuance of long-term debt 0 0 1,226,000,000
Purchase of capped call options (108,000,000) 0 0
Other financing activities (18,000,000) (3,000,000) (86,000,000)
Net cash provided by financing activities 3,130,000,000 99,000,000 19,828,000,000
Effect of exchange rate changes on cash and cash equivalents 5,000,000 (2,000,000) 0
Net change in cash (4,242,000,000) (6,324,000,000) 15,412,000,000
Cash, cash equivalents, and restricted cash—Beginning of period 12,099,000,000 18,423,000,000 3,011,000,000
Cash, cash equivalents, and restricted cash—End of period 7,857,000,000 12,099,000,000 18,423,000,000
Supplemental disclosure of cash flow information:      
Cash paid for interest 169,000,000 88,000,000 2,000,000
Supplemental disclosure of non-cash investing and financing activities:      
Capital expenditures included in liabilities 374,000,000 364,000,000 479,000,000
Capital stock issued to settle bonuses 137,000,000 0 0
Conversion of convertible notes 0 0 2,941,000,000
Conversion of convertible preferred stock $ 0 $ 0 $ 7,894,000,000