v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (445,939) $ (237,986) $ (362,298)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 6,566 4,162 2,517
Amortization of operating lease right-of-use assets 5,237 3,705 0
Amortization of premium on marketable securities 1,288 1,792 175
Change in fair value of warrants (9,222) 26,126 268,266
Vendor stock-in-lieu of cash program 41,459 10,817 0
Amortization of debt discount and issuance costs 3,236 0 0
Inventory write-offs and write-downs 12,154 2,918 4,407
Loss on sale or disposal of property and equipment 0 752 525
Loss on extinguishment of debt 0 0 3,996
Share-based compensation 162,405 77,684 8,711
Impairment of investments and certain other assets 6,016 0 0
Expense related to Volvo Warrants 0 959 0
Warranty related to sensors 2,481 1,538 0
Deferred taxes 232 (1,262) 0
Other 0 305 0
Changes in operating assets and liabilities:      
Accounts receivable 5,144 (6,233) (4,294)
Inventories (10,477) (10,751) (4,018)
Prepaid expenses and other current assets (6,557) (24,340) (2,805)
Other non-current assets (3,289) (6) 165
Accounts payable 5,301 3,838 2,620
Accrued and other current liabilities 17,768 3,578 6,693
Other non-current liabilities (2,035) (6,017) (302)
Net cash used in operating activities (208,232) (148,421) (75,642)
Cash flows from investing activities:      
Cash received from acquisition of Optogration, Inc. 0 358 0
Purchases of marketable securities (including $17,846 and $16,423 with related parties in 2022 and 2021, respectively, see Note 17) (404,598) (716,933) (315,920)
Proceeds from maturities of marketable securities 367,367 366,857 16,755
Proceeds from sales/redemptions of marketable securities (including $24,753 and $4,396 with related parties in 2022 and 2021, respectively, see Note 17) 88,041 161,910 28,974
Proceeds from refundable security deposits 0 0 581
Purchases of property and equipment (15,614) (6,433) (2,202)
Disposal of property and equipment 0 53 18
Advances for capital projects and equipment (2,450) 0 0
Net cash provided by (used in) investing activities 27,986 (194,188) (271,794)
Cash flows from financing activities:      
Proceeds from issuance of convertible senior notes, net of debt discounts of $15,625 0 609,375 0
Purchases of capped call options 0 (73,438) 0
Cash received from Gores on recapitalization 0 0 380,601
Transaction costs related to merger with Gores 0 0 (17,226)
Issuance cost paid for Series X convertible preferred stock 0 0 (5,790)
Proceeds from the issuance of debt 0 0 32,101
Repayment of debt 0 (112) (41,190)
Debt prepayment charges 0 0 (1,918)
Debt issuance costs 0 0 (361)
Principal payments on finance leases (capital leases prior to adoption of ASC 842)   (289) (222)
Principal payments on finance leases (capital leases prior to adoption of ASC 842) 0    
Proceeds from exercise of warrants 0 153,927 0
Proceeds from exercise of stock options 3,986 5,859 0
Proceeds from sale of Class A common stock under ESPP 1,271 0 0
Payments of employee taxes related to stock-based awards (3,730) 0 0
Repurchases of common stock and redemption of warrants (80,878) (231,600) (10)
Other financing activities 0 (130) 0
Net cash provided by (used in) financing activities (79,351) 463,592 529,850
Net increase (decrease) in cash, cash equivalents and restricted cash (259,597) 120,983 182,414
Beginning cash, cash equivalents and restricted cash 330,702 209,719 27,305
Ending cash, cash equivalents and restricted cash 71,105 330,702 209,719
Supplemental disclosures of cash flow information:      
Cash paid for interest 7,769 215 2,789
Supplemental disclosures of noncash investing and financing activities:      
Issuance of Class A common stock upon exercise of warrants 19,003 338,293 30,112
Conversion of Series A, Series X and Founders’ convertible preferred stock into Class A and Class B common stock 0 0 422,813
Issuance of Class A common stock for investment in Robotic Research OpCo, LLC 0 10,002 0
Issuance of Class A common stock to acquire Optogration, Inc. 0 6,527 0
Operating lease right-of-use assets obtained in exchange for lease obligations 16,749 2,876 0
Assets acquired under finance leases (capital leases prior to adoption of ASC 842) 0 0 318
Purchases of property and equipment recorded in accounts payable and accrued liabilities 3,870 849 319
Amounts payable for shares repurchased 0 4,273 0
Vendor stock-in-lieu of cash program—advances for capital projects and equipment 28,402 0 0
Investment in ECARX Holdings, Inc. 12,588 0 0
Accounting Standards Update 2016-02      
Supplemental disclosures of noncash investing and financing activities:      
Operating lease right-of-use assets obtained in exchange for lease obligations 0 10,849 0
Series X Convertible Preferred Stock      
Cash flows from financing activities:      
Proceeds from issuance of Series X convertible preferred stock 0 0 183,865
Issuance cost paid for Series X convertible preferred stock     (5,790)
Freedom Photonics      
Cash flows from investing activities:      
Acquisitions (2,759) 0 0
Solfice      
Cash flows from investing activities:      
Acquisitions $ (2,001) $ 0 $ 0

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