XML 87 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (258,795) $ (307,842) $ (35,236)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 19,062 19,447 16,706
Non-cash operating lease cost 3,451 4,737 5,304
Stock-based compensation to employees and directors 19,255 23,018 18,318
(Increase) decrease in deferred income taxes, net 283 41,349 (1,404)
Gain on disposal of cryptocurrencies 0 6,361 0
Gain on sale of intangible assets (10,275) 0 0
Write-down of assets held for sale 3,385 25,875 0
Loss from equity method securities 77,687 140,404 63,923
Loss on debt securities carried at fair value 2,430 0 0
Other non-cash adjustments (14) (693) 185
Changes in operating assets and liabilities:      
Accounts receivable, net 3,573 (1,727) 3,805
Inventories 1,494 (6,514) (1,389)
Prepaids and other current assets 1,293 1,889 4,076
Other long-term assets, net (2,175) (757) (1,116)
Accounts payable (24,172) 32,555 (28,821)
Accrued liabilities (31) 10,442 (36,625)
Unearned revenue (6,502) 5,117 (14,907)
Operating lease liabilities (2,819) (5,094) (5,527)
Other long-term liabilities (1,434) 5,569 173
Net cash used in operating activities (174,304) (18,586) (12,535)
Cash flows from investing activities:      
Purchase of intangible assets (6,044) (25,816) 0
Proceeds from the sale of intangible assets 10,275 0 0
Expenditures for property and equipment (14,315) (19,181) (14,899)
Disbursement for notes receivable (17,000) (10,000) 0
Proceeds from the disposal of cryptocurrencies 0 9,804 0
Proceeds from the sale of assets held for sale 51,441 0 0
Capital distribution from investment 0 4 1,224
Purchase of equity securities 0 0 (18,920)
Other investing activities, net 569 559 (439)
Net cash provided by (used in) investing activities 24,926 (44,630) (33,034)
Cash flows from financing activities:      
Repurchase of shares 0 0 (80,117)
Proceeds under short-term contract financing 25,000 0 0
Payments of taxes withheld upon vesting of employee stock awards (3,331) (3,799) (3,700)
Proceeds from sale of common stock, net of offering costs 42,993 0 0
Payments on long-term debt (34,782) (3,606) (3,447)
Proceeds from employee stock purchase plan 1,472 1,913 924
Other financing activities, net 1,370 0 0
Net cash provided by (used in) financing activities 32,722 (5,492) (86,340)
Net decrease in cash, cash equivalents, and restricted cash (116,656) (68,708) (131,909)
Cash, cash equivalents, and restricted cash, beginning of year 302,749 371,457 503,366
Cash, cash equivalents, and restricted cash, end of year $ 186,093 $ 302,749 $ 371,457