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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (284,755) $ (235,070)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 23,543 16,849
Stock-based compensation 50,904 37,417
Asset impairment 108 1,188
Lease expense 11,155 6,014
Other, net (650) (1,114)
Changes in operating assets and liabilities:    
Other receivables and assets (1,243) (1,334)
Unearned revenue (22,374) (33,360)
Accounts payable (1,687) (670)
Accrued development expense (2,623) 391
Accrued expenses and other current liabilities (5,001) 3,936
Lease liabilities (11,121) (7,950)
Net cash used in operating activities (243,744) (213,703)
Cash flows from investing activities    
Net cash and restricted cash acquired in the acquisition of a business 0 1,915
Purchases of property and equipment (12,397) (9,888)
Purchase of an intangible asset (3,000) (247)
Sales and maturities of investments 0 480
Net cash used in investing activities (15,397) (7,740)
Cash flows from financing activities    
Proceeds from issuance of common shares, net of issuance costs 289,387 50,000
Proceeds from equity incentive plans 6,433 9,546
Repayment of long-term debt and finance lease liabilities (2,339) (72)
Net cash provided by financing activities 293,481 59,474
Effect of exchange rate changes on cash, cash equivalents and restricted cash 66 64
Net change in cash, cash equivalents and restricted cash 34,406 (161,905)
Cash, cash equivalents and restricted cash, beginning of period 401,425 559,112
Cash, cash equivalents and restricted cash, end of period 435,831 397,207
Supplemental schedule of non-cash investing and financing activities    
Issuance of shares for the acquisitions of businesses 0 91,025
Accrued property and equipment 236 0
Financed equipment purchase 0 1,214
Purchase of an intangible asset $ 6,000 $ 0