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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net income (loss) $ (49,485) $ (26,576) $ (159,964) $ (55,231) $ (92,534)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:          
Depreciation and amortization 2,803 2,659 8,246 7,924 10,624
Accrued Interest 480 1 530 (822) (2,216)
Asset write-downs and impairment of field equipment 112 163 374 514 955
Share-based compensation 26,346 26,305 98,170 77,173 106,955
Foreign currency remeasurement loss (gain) 1,398 (141) 2,185 1,051 (3,256)
Decrease (increase) in accounts receivables 2,642 11,522 24,094 6,318 2,547
Amortization of discount (premium) (6,691) 232 (15,822) 1,743 (1,536)
Decrease (increase) in inventories (4,080) 2,952 (8,250) (2,061) (4,342)
Decrease (increase) in other long-term assets 3,971 1,665 3,585 5,885 7,107
Increase (decrease) in accounts payables and accrued expenses 6,265 5,265 (3,992) (1,895) 14,257
Increase (decrease) in other long-term liabilities (3,075) (1,627) (7,934) (6,104) (7,773)
Net cash provided by (used in) operating activities (19,314) 22,420 (58,778) 34,495 30,788
Cash flows from investing activities:          
Purchase of property, equipment and field equipment (7,253) (5,703) (20,272) (14,927) (21,358)
Proceeds from maturity of short-term investments 275,549 358,729 916,433 1,074,763 1,179,289
Purchase of short-term investments (251,038) (503,270) (810,513) (1,071,733) (1,297,888)
Net cash provided by (used in) investing activities 17,258 (150,244) 85,648 (11,897) (139,957)
Cash flows from financing activities:          
Proceeds from issuance of shares, net 0 0 2,883 2,759 5,224
Repayment of long-term debt 0 (7) (10) (21) (28)
Exercise of options 1,171 4,211 11,004 9,343 10,295
Net cash provided by (used in) financing activities 1,171 4,204 13,877 12,081 15,491
Effect of exchange rate changes on cash, cash equivalents and restricted cash (97) (107) (69) (252) (97)
Increase (decrease) in cash, cash equivalents and restricted cash (982) (123,727) 40,678 34,427 (93,775)
Cash, cash equivalents and restricted cash at the beginning of the period 157,494 367,763 115,834 209,609 209,609
Cash, cash equivalents and restricted cash at the end of the period 156,512 244,036 156,512 244,036 115,834
Cash paid during the period for:          
Income taxes paid (refunded), net 1,202 907 8,745 3,933 5,480
Interest paid 0 1 1 3 41
Reconciliation of cash, cash equivalents and restricted cash:          
Cash and cash equivalents 154,860 243,805 154,860 243,805 115,326
Restricted cash 1,652 231 1,652 231 508
Total cash, cash equivalents and restricted cash 156,512 244,036 156,512 244,036 115,834
Non-cash activities:          
Right-of-use assets obtained in exchange for lease liabilities $ 4,693 $ 2,828 $ 10,477 $ 6,687 $ 12,117