v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ (228,918) $ (422,868)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 20,169 19,468
Amortization of operating lease right-of-use assets 6,464 5,095
Amortization of premium/discount on marketable securities (1,819) (3,952)
Loss on marketable securities 2,201 7,774
Change in fair value of private warrants (1,050) (1,345)
Vendor stock-in-lieu of cash program 12,358 31,487
Gain from acquisition of EM4 (1,752) 0
Impairment of goodwill and other intangible assets 6,647 0
Gain on extinguishment of debt (147,346) 0
Changes in fair value of derivative liability (2,476) 0
Amortization of debt premium/discount and issuance costs 3,065 2,427
Inventory write-offs and write-downs 20,737 17,343
Share-based compensation, including restructuring costs 115,792 160,031
Losses and impairments on non-marketable securities and certain other assets 4,000 2,141
Change in product warranty and other (2,367) 4,273
Changes in operating assets and liabilities:    
Accounts receivable (59) (7,729)
Inventories (22,638) (25,249)
Prepaid expenses and other current assets (1,987) 10,858
Other non-current assets (5,108) (3,458)
Accounts payable 7,327 4,018
Accrued and other current liabilities 9,590 14,379
Other non-current liabilities (7,522) (9,219)
Net cash used in operating activities (214,692) (194,526)
Cash flows from investing activities:    
Purchases of marketable securities (92,400) (269,164)
Proceeds from maturities of marketable securities 154,837 390,836
Proceeds from sales/redemptions of marketable securities 3,737 51,569
Purchases of property and equipment (4,244) (21,129)
Net cash provided by investing activities 58,099 139,504
Cash flows from financing activities:    
Proceeds from issuance of Senior notes, net of Senior Notes and 2030 Convertible Notes issuance costs 89,202 0
Proceeds from exercise of stock options 547 2,560
Proceeds from sale of Class A common stock under ESPP 800 1,406
Payments of employee taxes related to stock-based awards (240) (572)
Net cash provided by financing activities 132,115 62,105
Net increase (decrease) in cash, cash equivalents and restricted cash (24,478) 7,083
Beginning cash, cash equivalents and restricted cash 140,624 71,105
Ending cash, cash equivalents and restricted cash 116,146 78,188
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,683 3,906
Supplemental disclosures of noncash investing and financing activities:    
Conversion of 2030 Convertible Notes to equity 18,596 0
Recognition/derecognition of operating lease right-of-use asset and liability 2,543 3,335
Purchases of property and equipment recorded in accounts payable and accrued liabilities 400 2,194
Vendor stock-in-lieu of cash program—advances for capital projects and equipment 0 7,411
Investment in Plus 0 10,000
Equity Financing Program    
Cash flows from financing activities:    
Net proceeds from issuance of Class A common stock 41,806 38,711
TPK Universal Solutions Limited    
Cash flows from financing activities:    
Net proceeds from issuance of Class A common stock 0 20,000
EM4    
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain from acquisition of EM4 (1,800)  
Cash flows from investing activities:    
Acquisition of EM4 (net of cash acquired) (3,831) 0
Seagate    
Cash flows from investing activities:    
Acquisition of Seagate’s lidar business $ 0 $ (12,608)

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