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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:      
Net loss $ (23,122) $ (62,147) $ (53,079)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization   180 2,590
Stock-based compensation   8,349 10,594
Amortization of debt issuance costs   46 995
Gain on sale of non-financial assets 0 0 (132,818)
Asset Impairment Charges 0 0 1,600
Gain (Loss) on Extinguishment of Debt 0 0 255
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable   372 52,201
(Increase) decrease in inventory   0 345
(Increase) decrease in prepaid expenses and other current assets   1,985 (6,008)
Decrease in other assets   459 314
Decrease in accounts payable and other liabilities   (13,433) 14,281
Net cash provided by (used in) operating activities   (64,189) (108,730)
Cash and Cash Equivalents, Period Increase (Decrease)   (34,145) 16,139
Cash and cash equivalents 92,118 92,118 52,251
Cash paid for interest   307 16,892
Initial recognition of right of use asset 1,704 1,704  
Issuance of common stock under Equity Incentive Plans, value 19,123    
Cash flows from investing activities:      
Purchases of property and equipment   (1,198) (33)
Proceeds from Sale of Productive Assets   0 160,385
Purchases of investments   (28,880) (53,197)
Maturities of investments   26,092 229,500
Net cash (used in) provided by investing activities   (3,986) 336,655
Cash flows from financing activities:      
Proceeds from issuance of common stock   36,705 0
Repurchase of common stock   (2,675) (1,026)
Repayment of debt borrowings, net of fees   0 (210,760)
Net cash used in financing activities   34,030 (211,786)
Net increase (decrease) in cash and cash equivalents   (34,145) 16,139
Cash and cash equivalents at beginning of period   126,263 36,112
Cash and cash equivalents at end of period 92,118 92,118 52,251
Supplemental disclosure of cash flow information:      
Cash paid for interest   307 $ 16,892
Initial recognition of right of use asset 1,704 $ 1,704  
Issuance of common stock under Equity Incentive Plans, value $ 19,123