Inventory

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory consisted of the following (in thousands):

	December 31,
	2022		2021
Raw materials	$	13,912	$	8,872
Semi-finished goods	21,410		—
Finished goods	1,361		—
Total inventory	$	36,683	$	8,872

Inventory write-downs as a result of excess, obsolescence, expiry, or other reasons, and losses on firm purchase commitments are recorded as a component of Cost of sales in the consolidated statements of operations. For the year ended December 31, 2022, inventory write-downs were $447.6 million and losses on firm purchase commitments were $155.9 million. There were no inventory write-downs or losses on firm purchase commitments during 2021 or 2020. Inventory

reserves for write-downs are relieved when the inventory is disposed of through scrap or sale. Activity in the reserve for excess and obsolete inventory was as follows (in thousands):

	Year Ended December 31, 2022
Balance at January 1, 2022	$	—
Charged to Cost of sales, including impairments	447,597
Other additions	—
Deductions	(79,214)
Balance at December 31, 2022	$	368,383