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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (2,903) $ (2,544)
Depreciation and amortization 554 411
Stock-based compensation expense 427 364
Fair value loss on convertible note, net 90 0
Inventory LCNRV write-downs and losses on firm purchase commitments 53 220
Other non-cash activities 55 7
Changes in operating assets and liabilities:    
Accounts receivable, net (88) (239)
Inventory (125) (1,190)
Other assets (63) (82)
Accounts payable and accrued liabilities (257) 16
Other liabilities 234 155
Net cash used in operating activities (2,023) (2,882)
Cash flows from investing activities:    
Purchases of short-term investments (2,229) (938)
Maturities of short-term investments 1,671 0
Capital expenditures (537) (538)
Net cash used in investing activities (1,095) (1,476)
Cash flows from financing activities:    
Proceeds from issuance of capital stock including employee stock purchase plan 33 37
Proceeds from issuance of convertible notes 1,000 1,485
Other financing activities (5) (5)
Net cash provided by financing activities 1,028 1,517
Effect of exchange rate changes on cash and cash equivalents (4) 2
Net change in cash (2,094) (2,839)
Cash, cash equivalents, and restricted cash—Beginning of period 7,857 12,099
Cash, cash equivalents, and restricted cash—End of period 5,763 9,260
Supplemental disclosure of non-cash investing and financing activities:    
Capital expenditures included in liabilities 365 338
Capital stock issued to settle bonuses 179 137
Right-of-use assets obtained in exchange for operating lease liabilities $ 87 $ 27