XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net loss $ (386,909) $ (47,081)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,884 3,557
operating lease, right-of-use asset, periodic reduction, net (1,611) 2,128
Stock-based compensation 16,561 21,431
Deferred income taxes 296,710 (16,073)
Operating Lease, Impairment Loss 3,276 0
Other 1,104 (1,993)
Changes in operating assets and liabilities:    
Accounts receivable, net 4,943 (5,444)
Inventory 8,935 (8,278)
Prepaid expenses and other assets (1,437) (3,079)
Accounts payable and other liabilities (39,502) (17,054)
Deferred revenue (2,752) (3,068)
Net Cash Provided by (Used in) Operating Activities (97,798) (74,954)
Investing activities:    
Purchases of property and equipment, net (1,680) (961)
Purchases of marketable securities 0 (25,782)
Maturities of marketable securities 24,000 90,204
Payments for (Proceeds from) Other Investing Activities 12,308 0
Net cash provided by investing activities 10,012 63,461
Financing activities:    
Proceeds from issuance of common stock 1,380 2,324
Payment, Tax Withholding, Share-based Payment Arrangement (2,180) (4,834)
Payments for Repurchase of Common Stock 0 (20,000)
Net cash used in financing activities (800) (22,510)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (1,086) 181
Cash and cash equivalents 133,036 189,913
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $ (89,672) $ (33,822)