XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net (loss) income before redeemable non-controlling interest $ (70,169) $ (97,342)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation, amortization and accretion of debt discount 27,054 28,264
Stock-based compensation 15,140 31,508
Loss on short-term investments 6 2,609
Non-cash operating lease expense 6,552 4,796
Provision for inventory obsolescence and revaluation 6,061 646
Provision for bad debts 197 329
Loss (gain) on the disposition of businesses, property, equipment and other assets 51 (365)
Provision for deferred income taxes and reserve adjustments 141 1,666
Loss on equity method investment 747 0
Asset impairment 14,856 2,359
Changes in operating accounts:    
Accounts receivable (11,706) (1,513)
Inventories (23,106) (30,342)
Prepaid expenses and other current assets (2,790) 2,562
Accounts payable (7,717) (1,666)
Deferred revenue and customer deposits 1,351 (3,468)
Accrued and other liabilities (16,066) 12,387
All other operating activities (12,495) (4,879)
Net cash (used in) provided by operating activities (71,893) (52,449)
Cash flows from investing activities:    
Purchases of property and equipment (20,995) (17,055)
Purchases of short-term investments 0 (384,406)
Sales and maturities of short-term investments 180,925 112,050
Acquisitions and other investments, net of cash acquired (29,241) (84,705)
Net cash provided by (used in) investing activities 130,689 (374,116)
Cash flows from financing activities:    
Purchase of non-controlling interests 0 (2,300)
Taxes paid related to net-share settlement of equity awards (4,752) (10,195)
Other financing activities (463) (486)
Net cash (used in) provided by financing activities (5,215) (12,981)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,561 (7,911)
Net increase (decrease) in cash, cash equivalents and restricted cash 55,142 (447,457)
Cash, cash equivalents and restricted cash at the beginning of the year [1] 391,975 789,970
Cash, cash equivalents and restricted cash at the end of the year [1] 447,117 342,513
Supplemental cash flow information    
Lease assets obtained in exchange for new lease liabilities 37,513 2,422
Cash interest payments 231 148
Cash income tax payments, net 4,815 3,575
Transfer of equipment from inventory to property and equipment, net [2] $ 1,316 $ 1,063
[1] The amounts for cash and cash equivalents and restricted cash shown above include restricted cash of $118 and $114 as of September 30, 2023 and December 31, 2022, respectively, which are included in prepaid expenses and other current assets. In addition, included in cash and cash equivalents and restricted cash above as of September 30, 2023, and December 31, 2022 is $1,445 and $3,727, respectively, of restricted cash included in other non-current assets.
[2] Inventory is transferred to property and equipment at cost when we require additional machines for training or demonstration or for placement into on demand manufacturing services locations.