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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Operating activities      
Net loss $ (295,776) $ (206,561)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation of long-lived assets 16,606 9,789  
Amortization of intangible assets 4,725 4,959  
Lower of cost or net realizable value inventory adjustment and provision for excess and obsolete inventory 39,675 2,009  
Stock-based compensation 13,704 43,302  
Loss on extinguishment of convertible senior notes 14,047    
(Recoveries)/provision for losses on accounts receivable (1,447) 237  
Amortization of debt issuance costs and discount on convertible senior notes 330 621  
Provision for common stock warrants 4,495 14,175  
Deferred income tax expense/(benefit) 163 (947)  
Impairment 284 1,083  
Loss on service contracts 3,809 221  
Fair value adjustment to contingent consideration (9,200) 8,769  
Net realized loss on investments   1  
Accretion of premium on available-for-sale securities   (5,945)  
Lease origination costs (1,331) (2,660)  
Change in fair value for equity securities   (5,075)  
Loss on equity method investments 13,113 5,317  
Changes in operating assets and liabilities that provide (use) cash:      
Accounts receivable 96,436 1,493  
Inventory (38,312) (131,581)  
Contract assets 1,356 (14,677)  
Prepaid expenses and other assets (14,496) (5,522)  
Accounts payable, accrued expenses, and other liabilities 25,755 13,821  
Payments of contingent consideration (9,164)    
Deferred revenue and other contract liabilities (32,500) (9,748)  
Net cash used in operating activities (167,728) (276,919)  
Investing activities      
Purchases of property, plant and equipment (92,621) (168,565)  
Purchases of equipment related to power purchase agreements and equipment related to fuel delivered to customers (6,072) (11,389)  
Proceeds from maturities of available-for-sale securities   315,827  
Cash paid for non-consolidated entities and non-marketable equity securities (21,891) (40,077)  
Net cash (used in)/provided by investing activities (120,584) 95,796  
Financing activities      
Payments of contingent consideration (836) (2,000)  
Proceeds from public and private offerings, net of transaction costs 305,346    
Payments of tax withholding on behalf of employees for net stock settlement of stock-based compensation (278) (2,590)  
Proceeds from exercise of stock options 41 674  
Principal payments on long-term debt (300) (330)  
Proceeds from finance obligations   27,927  
Principal repayments of finance obligations and finance leases (20,908) (16,500)  
Net cash provided by financing activities 283,065 7,181  
Effect of exchange rate changes on cash 4,187 (2,096)  
Increase/(decrease) in cash and cash equivalents 37,840 (215,769)  
(Decrease)/increase in restricted cash (38,900) 39,731  
Cash, cash equivalents, and restricted cash beginning of period 1,169,144 1,549,344 $ 1,549,344
Cash, cash equivalents, and restricted cash end of period 1,168,084 1,373,306 $ 1,169,144
Supplemental disclosure of cash flow information      
Cash paid for interest, net of capitalized interest of $2.1 million and $2.0 million 9,111 7,869  
Summary of non-cash activity      
Recognition of right of use asset - finance leases   4,018  
Recognition of right of use asset - operating leases 2,913 22,470  
Accrued debt extinguishment costs, cash to be paid in subsequent period 1,245    
Net transfers between inventory and long-lived assets 16,008 441  
Accrued purchase of fixed assets, cash to be paid in subsequent period $ 113,449 $ 65,701