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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Operating activities:      
Net loss $ (395,120) $ (50,765)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 4,711 5,001  
operating lease, right-of-use asset, periodic reduction, net (285) 2,133  
Stock-based compensation 23,933 31,448  
Deferred income taxes 296,759 (17,964)  
Operating Lease, Impairment Loss 3,276 0  
Other (627) (1,968)  
Changes in operating assets and liabilities:      
Accounts receivable, net (41,746) (30,630)  
Inventory (48,993) (27,745)  
Prepaid expenses and other assets (4,650) (6,895)  
Accounts payable and other liabilities 64,807 25,712  
Deferred revenue (2,107) (4,919)  
Net Cash Provided by (Used in) Operating Activities (100,042) (76,592)  
Investing activities:      
Purchases of property and equipment, net (3,623) (985)  
Purchases of marketable securities 0 (25,782)  
Maturities of marketable securities 24,000 134,204  
Payments for (Proceeds from) Other Investing Activities 12,308 0  
Net cash provided by investing activities 8,069 107,437  
Financing activities:      
Proceeds from issuance of common stock 2,150 3,876  
Payment, Tax Withholding, Share-based Payment Arrangement (2,847) (7,146)  
Payments for Repurchase of Common Stock 0 (30,000)  
Net cash used in financing activities (697) (33,270)  
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 157 (326)  
Cash and cash equivalents 130,195 220,984  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $ (92,513) $ (2,751)  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents     $ 223,735