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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net loss $ (64,116) $ (96,164)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount and deferred financing 1,091 1,359
Depreciation and amortization 4,336 3,463
Stock-based compensation 47,000 51,471
Non-cash changes in the fair value of contingent consideration payable 0 588
Foreign currency remeasurement loss 9,391 23,904
Deferred taxes 0 (4,939)
Other 6,520 2,060
Changes in operating assets and liabilities:    
Accounts receivable (447) 2,705
Inventories (26,901) (27,483)
Prepaid expenses and other current assets 13,959 (12,263)
Accounts payable, accrued expenses, and other current liabilities 2,641 31,620
Other non-current assets and liabilities (478) (2,586)
Payment of contingent consideration 0 (7,937)
Net cash used in operating activities (7,004) (34,202)
Investing activities    
Sale and redemption of marketable securities 62,335 126,848
Purchases of marketable securities (73,866) (36,448)
Capital expenditures (2,909) (4,144)
Net cash (used in) provided by investing activities (14,440) 86,256
Financing activities    
Payment of finance leases (78) (51)
Withholding taxes paid on vested restricted stock units (18,405) (14,008)
Proceeds from stock options exercised, net 4,317 4,405
Proceeds from warrants exercised, net 0 12
Proceeds from the issuance of shares in connection with at-the-market offering, net of issuance costs 0 26,553
Payment of contingent consideration 0 (1,063)
Net cash (used in) provided by financing activities (14,166) 15,848
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,110) (6,684)
Net (decrease) increase in cash, cash equivalents, and restricted cash at the end of the period (37,720) 61,218
Cash, cash equivalents, and restricted cash at the beginning of period 250,077 153,115
Cash, cash equivalents, and restricted cash at the end of period 212,357 214,333
Supplemental disclosures of cash flow information    
Cash paid during the period for interest 23,790 23,155
Cash paid for taxes 1,126 5,978
Tenant improvements paid through lease incentives 120 0
Capital expenditures unpaid at the end of period $ 90 $ 297