XML 20 R8.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (53,061) $ (4,647) $ (92,534)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,722 2,610 10,624
Accrued Interest (1,120) (221) (2,216)
Asset write-downs and impairment of field equipment 126 135 955
Share-based compensation 39,084 25,045 106,955
Foreign currency remeasurement loss (gain) (127) 249 (3,256)
Decrease (increase) in accounts receivables 14,511 (7,461) 2,547
Amortization of discount (premium) (4,056) 684 (1,536)
Decrease (increase) in inventories (2,718) (4,804) (4,342)
Decrease (increase) in other long-term assets 1,534 1,863 7,107
Increase (decrease) in accounts payables and accrued expenses (10,464) (14,809) 14,257
Increase (decrease) in other long-term liabilities (3,158) (2,331) (7,773)
Net cash provided by (used in) operating activities (16,727) (3,687) 30,788
Cash flows from investing activities:      
Purchase of property, equipment and field equipment (6,088) (5,093) (21,358)
Proceeds from maturity of short-term investments 326,287 279,000 1,179,289
Purchase of short-term investments (237,912) (291,317) (1,297,888)
Net cash provided by (used in) investing activities 82,287 (17,410) (139,957)
Cash flows from financing activities:      
Proceeds from issuance of shares, net 0 0 5,224
Repayment of long-term debt (7) (7) (28)
Exercise of options 5,211 3,148 10,295
Net cash provided by (used in) financing activities 5,204 3,141 15,491
Effect of exchange rate changes on cash, cash equivalents and restricted cash 41 (25) (97)
Increase (decrease) in cash, cash equivalents and restricted cash 70,805 (17,981) (93,775)
Cash, cash equivalents and restricted cash at the beginning of the period 115,834 209,609 209,609
Cash, cash equivalents and restricted cash at the end of the period 186,639 191,628 115,834
Cash paid during the period for:      
Income taxes paid (refunded), net 1,712 1,173 5,480
Interest paid 1 1 41
Non-cash activities:      
Right-of-use assets obtained in exchange for lease liabilities $ 3,451 $ 3,580 $ 12,117