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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:        
Net loss $ (157,749) $ (357,319) $ (273,887) $ (153,266)
Adjustments to reconcile net loss to net cash used in operating activities:        
Changes in fair value of warrant liabilities (1,404) 0 108,636 61,074
Warrant related expense 0 0 0 7,649
Depreciation and amortization 2,099 3,822 1,297 923
Loss on disposal of property and equipment 0 1,003 0 0
Interest on non-recourse debt 19,288 39,929 19,791 0
Loss on induced exchanges of debt 897 0 13,005 0
Amortization of deferred revenue (94) 0 (77) (64)
Amortization of bond premiums 3 0 31 218
Amortization of debt issuance costs 179 50 1,679 730
Amortization of deferred rent 132 0 279 10
Non-cash lease expense 0 264 0 0
Loss on sale of marketable securities 0 0 0 16
Decrease in allowance for doubtful accounts 0 0 (9) (62)
Non-cash expense related to stock-based compensation 886 11,736 4,024 4,333
Non-cash financing expenses 0 0 0 347
Changes in operating assets and liabilities        
Accounts receivable, net 46 (295) 452 103
Inventories, net 0 0 580 (196)
Other receivables 0 0 (30) 223
Prepaid expenses and other current assets 3,617 (16,423) (7,679) (97)
Accounts payable and accrued expenses 1,436 29,977 (1,518) 15,809
Other liabilities 0 (186) 0 0
Deferred revenue 0 65,000 0 0
Net cash used in operating activities (130,664) (222,442) (133,426) (62,250)
Cash flows from investing activities:        
Purchases of marketable securities 0 0 (10,380) (131,610)
Proceeds from sales/maturities of marketable securities 21,818 0 95,112 57,183
Purchases of property and equipment (11,213) (6,849) (9,975) (1,837)
Net cash (used in) provided by investing activities 10,605 (6,849) 74,757 (76,264)
Cash flows from financing activities:        
Exercise of stock options, net 176 2,553 2,261 4,290
Exercise of warrants 1,688 0 78,226 0
Sale of preferred stock, net of related expenses 0 0 0 121,782
Proceeds from public offering of common stock 0 273,031 299,467 28,578
Proceeds from the issuance of non-recourse debt 0 0 182,216 0
Debt conversion fees 0 0 (530) 0
Tax withholding payments for stock-based compensation (192) 0 (1,521) (546)
Net cash provided by financing activities 1,672 347,181 627,903 168,804
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (22) (22) (46) (100)
Net increase (decrease) in cash, cash equivalents and restricted cash (118,409) 117,868 569,188 30,190
Cash, cash equivalents, and restricted cash beginning of period 612,582 494,173 43,394 13,204
Cash, cash equivalents, and restricted cash end of period 494,173 612,041 612,582 43,394
Supplemental disclosure of cash flow information:        
Interest paid 475 338 2,850 4,750
Income taxes paid 0 0 0 24
Schedule of non-cash investing and financing activities:        
Issuance of common shares for debt conversion 13,757 0 92,307 0
Accrued capital expenditures 795 101 2,173 0
Non-cash component of warrant exercise 7,569 0 0 0
Shares received in cashless exercise 2,450 1,271 0 0
Total cash, cash equivalents and restricted cash 612,582 494,173 612,582 13,204
Market Offering        
Cash flows from financing activities:        
Proceeds from private offering of common stock 0 71,597 0 0
Private placement        
Cash flows from financing activities:        
Proceeds from private offering of common stock $ 0 $ 0 $ 67,784 $ 14,700