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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ (38,760) $ (53,061) $ (207,043)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,815 2,722 10,969
Accrued Interest 1,622 (1,120) (95)
Asset write-downs and impairment of field equipment 194 126 493
Share-based compensation 34,084 39,084 115,608
Foreign currency remeasurement loss (gain) 613 (127) 161
Decrease (increase) in accounts receivables and prepaid expenses 3,275 (14,511) (29,414)
Amortization of discount (premium) (5,381) (4,056) (23,084)
Decrease (increase) in inventories (4,650) (2,718) (8,919)
Decrease (increase) in other long-term assets 1,174 1,534 4,072
Increase (decrease) in accounts payables and accrued expenses (18,245) (10,464) 14,869
Increase (decrease) in other long-term liabilities (1,765) (3,158) (9,781)
Net cash provided by (used in) operating activities (31,574) (16,727) (73,336)
Cash flows from investing activities:      
Purchase of property, equipment and field equipment (11,784) (6,088) (27,093)
Proceeds from maturity of short-term investments 258,000 326,287 1,214,982
Purchase of short-term investments 0 (237,912) (1,003,741)
Net cash provided by (used in) investing activities 246,216 82,287 184,148
Cash flows from financing activities:      
Proceeds from issuance of shares, net 0 0 4,416
Repayment of long-term debt 0 (7) (10)
Exercise of options 213 5,211 11,381
Net cash provided by (used in) financing activities 213 5,204 15,787
Effect of exchange rate changes on cash, cash equivalents and restricted cash (56) 41 131
Increase (decrease) in cash, cash equivalents and restricted cash 214,799 70,805 126,730
Cash, cash equivalents and restricted cash at the beginning of the period 242,564 115,834 115,834
Cash, cash equivalents and restricted cash at the end of the period 457,363 186,639 242,564
Cash paid during the period for:      
Income taxes paid (refunded), net 2,914 1,712 13,665
Interest paid 2 1 6
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 453,763 185,963 240,821
Restricted cash 3,600 676 1,743
Total cash, cash equivalents and restricted cash 457,363 186,639 242,564
Non-cash activities:      
Right-of-use assets obtained in exchange for lease liabilities 282 3,451 18,063
Purchase of property incurred but unpaid at period end $ 1,062 $ 0 $ 1,714