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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (1,446,000,000) $ (1,349,000,000)
Depreciation and amortization 280,000,000 188,000,000
Stock-based compensation expense 233,000,000 183,000,000
Inventory LCNRV write-downs and losses on firm purchase commitments 150,000,000 229,000,000
Other non-cash activities 53,000,000 2,000,000
Changes in operating assets and liabilities:    
Accounts receivable, net (228,000,000) (55,000,000)
Inventory (435,000,000) (781,000,000)
Other assets (81,000,000) (29,000,000)
Accounts payable and accrued liabilities 113,000,000 22,000,000
Other liabilities 92,000,000 69,000,000
Net cash used in operating activities (1,269,000,000) (1,521,000,000)
Cash flows from investing activities:    
Purchases of short-term investments (902,000,000) 0
Maturities of short-term investments 550,000,000 0
Capital expenditures (254,000,000) (283,000,000)
Net cash used in investing activities (606,000,000) (283,000,000)
Cash flows from financing activities:    
Proceeds from issuance of capital stock 2,000,000 3,000,000
Proceeds from issuance of convertible notes 0 1,485,000,000
Other financing activities (4,000,000) (3,000,000)
Net cash provided by (used in) financing activities (2,000,000) 1,485,000,000
Effect of exchange rate changes on cash and cash equivalents (1,000,000) 0
Net change in cash (1,878,000,000) (319,000,000)
Cash, cash equivalents, and restricted cash—Beginning of period 7,857,000,000 12,099,000,000
Cash, cash equivalents, and restricted cash—End of period 5,979,000,000 11,780,000,000
Supplemental disclosure of non-cash investing and financing activities:    
Capital expenditures included in liabilities 383,000,000 333,000,000
Capital stock issued to settle bonuses 179,000,000 137,000,000
Right-of-use assets obtained in exchange for operating lease liabilities $ 52,000,000 $ 11,000,000