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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2025
Feb. 29, 2024
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (178,528) $ (85,221)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 79,540 47,664
Stock-based compensation 10,233 13,634
Lease expense 23,911 6,708
Loss on legal settlement 0 2,380
Amortization of debt issuance costs 11,515 498
Loss/(gain) on classification of held for sale (24,616) 21,723
Loss on change in fair value of related party debt 0 2,612
Loss on conversion of debt 33,612 0
Loss on change in fair value of debt 85,439 0
Loss on abandonment of assets 769 0
Loss on change in fair value of warrants issued 6,421 0
Changes in operating assets and liabilities:    
Accounts receivable (10,722) (143)
Prepaid expenses and other current assets (4,072) (4,115)
Accounts payable (88,378) 55,463
Accrued liabilities (12,319) 5,811
Due to customer (8,195) 0
Lease assets and liabilities (13,557) (35,674)
Other assets (757) (3,921)
CASH FLOW (USED IN) PROVIDED BY OPERATING ACTIVITIES (122,257) 45,338
CASH FLOW FROM INVESTING ACTIVITIES    
Purchases of property and equipment and other assets (483,340) (84,437)
Proceeds from satisfaction of contingency on sale of assets 25,000 0
Finance lease prepayments (4,840) (35,132)
Purchases of investments (2,498) (390)
CASH FLOW USED IN INVESTING ACTIVITIES (465,678) (119,959)
CASH FLOW FROM FINANCING ACTIVITIES    
Repayment of finance leases (93,992) (27,527)
Payment of deferred financing costs (42,903) 0
Tax payments for restricted stock upon vesting (2,970) (606)
Proceeds from issuance of common stock 191,590 121,237
Common stock issuance costs (10,253) (235)
Proceeds from issuance of preferred stock 100,489 0
Preferred stock issuance costs (8,914) 0
Dividends issued on preferred stock (1,213) 0
Proceeds from issuance of SAFE agreement included in long-term debt 12,000 0
Repurchase of shares (31,342)
Proceeds from convertible notes 450,000 0
Purchase of capped call options (51,750) 0
Purchase of prepaid forward contract (52,736) 0
CASH FLOW PROVIDED BY FINANCING ACTIVITIES 817,471 72,027
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 229,536 (2,594)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 31,688 43,574
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 261,224 40,980
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 54,855 9,121
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Operating right-of-use assets obtained by lease obligation 20,280 95,018
Finance right-of-use assets obtained by lease obligation 106,754 219,268
Property and equipment in accounts payable and accrued liabilities 142,787 41,100
Conversion of debt to common stock 104,945 0
Extinguishment of non-controlling interest 0 9,765
Loss on legal settlement 0 2,300
Conversion of preferred stock to common stock 53,191 0
Cashless exercise of warrants 5 0
Issuance of warrants, at fair value 50,586 0
Nonrelated Party    
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Gain (loss) on extinguishment of debt 1,177 0
Changes in operating assets and liabilities:    
Customer deposits 2,306 (150)
Deferred revenue (32,795) 15,953
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings of long-term debt 650,000 8,422
Repayments of long-term debt (290,535) (6,764)
Related Party    
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Gain (loss) on extinguishment of debt 0 2,353
Changes in operating assets and liabilities:    
Customer deposits (1,549) 0
Deferred revenue (1,692) (237)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings of related party debt 0 23,000
Repayment of related party debt $ 0 $ (45,500)