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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net loss $ (56,106) $ (151,584) $ (236,568)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization of debt discount and deferred financing 2,262 2,616 2,634
Depreciation and amortization 8,547 7,873 5,342
Stock-based compensation 84,905 86,077 76,512
Loss on extinguishment of debt 0 13,933 0
Non-cash changes in the fair value of contingent consideration payable 0 2,583 1,078
Foreign currency remeasurement loss 16,234 19,613 6,121
Non-cash deferred taxes 0 (4,939) 9
Asset impairment charges and other asset write-offs 9,210 2,727 18,177
Changes in operating assets and liabilities:      
Accounts receivable (19,484) (20,108) (17,330)
Inventories (73,652) (44,614) (5,343)
Prepaid expenses and other current assets 13,961 (8,062) (6,194)
Accounts payable, accrued expenses, and other current liabilities (16,520) 49,195 (6,377)
Other non-current assets and liabilities (3,248) (3,054) (4,636)
Payment of contingent consideration 0 (21,347) 0
Net cash used in operating activities (33,891) (69,091) (166,575)
Investing activities      
Sale and redemption of marketable securities 117,779 197,227 335,926
Purchases of marketable securities (114,786) (91,723) (243,255)
Capital expenditures (3,553) (7,440) (3,766)
Proceeds from sale of assets 0 0 3,411
Net cash (used in) provided by investing activities (560) 98,064 92,316
Financing activities      
Proceeds from the issuance of shares in connection with at-the-market offering, net of issuance costs 19,566 63,108 0
Proceeds from equity financing, net of issuance costs 0 29,827 0
Withholding taxes paid on vested restricted stock units (22,025) (17,920) (11,490)
Proceeds from stock options exercised, net 7,677 10,261 4,310
Proceeds from warrants exercised, net 0 12 0
Payment of long-term debt 0 (408,043) 0
Proceeds from long-term debt, net of issuance costs 0 387,360 0
Payment of contingent consideration 0 (2,653) 0
Payment of finance leases (97) (275) (283)
Net cash provided by (used in) financing activities 5,121 61,677 (7,463)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,031) 6,312 (14,619)
Net (decrease) increase in cash, cash equivalents, and restricted cash (33,361) 96,962 (96,341)
Cash, cash equivalents, and restricted cash at the beginning of the year 250,077 153,115 249,456
Cash, cash equivalents, and restricted cash at the end of the year 216,716 250,077 153,115
Supplemental disclosures of cash flow information      
Tenant improvements paid through lease incentive 315 105 0
Cash paid during the period for interest 58,960 36,090 34,358
Capital expenditures unpaid at the end of period 103 868 1,141
Cash paid for income taxes $ 8,214 $ 8,525 $ 1,609