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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (73,873) $ (109,247)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,460 4,957
Stock-based compensation expense 2,566 9,115
Amortization of operating lease right-of-use assets 5,859 5,751
Contra-revenue associated with milestones 601 318
Amortization of debt discounts 1,192 843
Loss on impairment 2,270 0
Gain on disposal of long-lived assets (1,825) 0
Changes in operating assets and liabilities:    
Accounts receivable 1,869 11,185
Inventory 16,312 (14,001)
Prepaid expenses and other current assets 1,425 784
Other non-current assets 749 71
Accounts payable (4,037) 8,712
Accrued expenses and other current liabilities (16,656) (11,802)
Operating lease liabilities (7,076) (3,160)
Other non-current liabilities (123) (1,659)
Net cash, cash equivalents, and restricted cash used in operating activities (64,287) (98,133)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (385) (3,358)
Proceeds from sale of property and equipment 65 0
Proceeds from sales of marketable securities 806 0
Proceeds from commutation of reinsurance contracts 187 0
Proceeds from sale of discontinued operations 1,781 0
Capitalized website internal-use software costs (3,273) (5,072)
Cash paid for acquisition of Fair Dealer Services, LLC 0 (15,000)
Net cash, cash equivalents, and restricted cash used in investing activities (819) (23,430)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from flooring line of credit facility 48,666 270,083
Repayment of flooring line of credit facility (59,061) (259,505)
Proceeds from Senior Unsecured Notes, net of discounts 0 19,591
Payment of debt issuance costs 0 (175)
Principal payments on finance leases (183) 0
Proceeds from disgorgement of stockholders' short-swing profits 75 0
Proceeds from stock option exercises, including from early exercised options 0 3
Payment of tax withheld for common stock issued under stock-based compensation plans (70) (2,453)
Repurchase of shares related to early exercised options (1) (40)
Net cash, cash equivalents, and restricted cash provided by (used in) financing activities (10,574) 27,504
Net decrease in cash, cash equivalents and restricted cash (75,680) (94,059)
Cash, cash equivalents and restricted cash, beginning of period 107,846 194,341
Cash, cash equivalents and restricted cash, end of period 32,166 100,282
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 5,537 5,221
Cash paid for income taxes 224 125
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Capital expenditures in accounts payable 6 163
Vesting of exercised options 25 59
Stock-based compensation capitalized to internal-use software 304 662
Issuance of shares as consideration in business acquisitions 0 2,481
Imputation of debt discounts reducing purchase consideration transferred in business acquisitions 0 2,103
Establishment of lease right of use assets and lease liabilities    
Operating lease right of use assets 0 42,602
Operating lease liabilities 0 43,378
Other assets 0 1,716
Other liabilities 0 2,492
Termination of lease right of use assets and lease liabilities    
Operating lease right of use assets 19,426 0
Operating lease liabilities 18,899 0
Finance lease right of use assets 6,857 0
Finance lease liabilities $ 7,388 $ 0