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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net income (loss) $ (24,008) $ (14,641) $ (28,655) $ (18,769) $ (58,351)
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Depreciation and amortization 2,654 2,480 5,264 4,850 10,251
Accrued Interest (602) 0 (823) 0 (94)
Asset write-downs and impairment of field equipment 216 178 351 354 649
Share-based compensation 25,823 27,881 50,868 46,744 94,900
Foreign currency remeasurement loss (gain) 943 372 1,192 2,529 3,231
Decrease (increase) in accounts receivables 2,257 3,026 (5,204) 7,649 5,270
Amortization of discount (premium) 827 925 1,511 1,528 3,101
Decrease (increase) in inventories (209) 1,663 (5,013) 367 2,483
Decrease (increase) in other long-term assets 2,356 1,584 4,219 3,016 4,519
Increase (decrease) in accounts payables and accrued expenses 7,649 5,122 (7,160) 2,496 27,777
Increase (decrease) in other long-term liabilities (2,144) (2,418) (4,475) (6,812) (10,980)
Net cash provided by (used in) operating activities 15,762 26,172 12,075 43,952 82,756
Cash flows from investing activities:          
Purchase of property, equipment and field equipment (4,131) (2,618) (9,224) (6,599) (24,170)
Proceeds from maturity of short-term investments 437,034 0 716,034 608,000 958,000
Purchase of short-term investments (277,146) 0 (568,463) (549,848) (1,078,664)
Net cash provided by (used in) investing activities 155,757 (2,618) 138,347 51,553 (144,834)
Cash flows from financing activities:          
Proceeds from issuance of shares, net 2,759 2,371 2,759 2,371 4,546
Repayment of long-term debt (7) (7) (14) (13) (26)
Exercise of options 1,984 8,695 5,132 16,656 21,182
Net cash provided by (used in) financing activities 4,736 11,059 7,877 19,014 25,702
Effect of exchange rate changes on cash, cash equivalents and restricted cash (120) (3) (145) (105) (188)
Increase (decrease) in cash, cash equivalents and restricted cash 176,135 34,610 158,154 114,414 (36,564)
Cash, cash equivalents and restricted cash at the beginning of the period 191,628 325,977 209,609 246,173 246,173
Cash, cash equivalents and restricted cash at the end of the period 367,763 360,587 367,763 360,587 209,609
Cash paid during the period for:          
Income taxes paid (refunded), net 1,854 2,490 3,027 85 3,110
Interest paid 1 1 2 2 101
Non-cash activities:          
Right-of-use assets obtained in exchange for lease liabilities $ 279 $ 665 $ 3,859 $ 949 $ 5,387