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CONDENSED 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 (loss) income $ (86,431) $ 10,963  
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Depreciation and amortization 7,048 5,630  
Stock-based compensation 12,180 6,680  
Amortization of operating lease ROU assets 45,627 37,646  
(Gain) loss on foreign exchange (2,311) 2,379  
Capitalization of paid-in-kind interest on long-term debt 6,345 0  
Amortization of debt issuance costs 2 8,750  
Amortization of debt discounts 368 (3,007)  
Change in fair value of share-settled redemption feature and gain on conversion of convertible notes 0 (29,512)  
Change in fair value of SPAC Warrants 110 (14,895)  
Change in fair value of Earn Out Liability (1,498) (73,177) $ (30,322)
Other operating activities 622 682  
Changes in:      
Accounts receivable, net (1,962) 3,233  
Prepaid expenses 3,055 (9,408)  
Other current and non-current assets 332 4,429  
Accounts payable (2,026) (22,009)  
Accrued liabilities (2,060) 4,742  
Taxes payable 2,020 2,963  
Deferred revenue 16,703 15,253  
Operating lease ROU assets and operating lease liabilities, net (33,695) (5,200)  
Other current and non-current liabilities 79 3,165  
Net cash used in operating activities (35,492) (50,693)  
Cash flows from investing activities:      
Purchase of property and equipment (6,924) (10,539)  
Capitalization of internal-use software (554) (1,077)  
Net cash used in investing activities (7,478) (11,616)  
Cash flows from financing activities:      
Proceeds from Delayed Draw Notes 0 159,225  
Repayment of debt and payment of early termination fees 0 (27,745)  
Proceeds from business combination and PIPE Investment 0 325,928  
Common stock issuance costs 0 (58,555)  
Proceeds from exercise of stock options 8 873  
Net cash provided by financing activities 8 399,726  
Effects of foreign exchange on cash 180 (327)  
Net change in cash, cash equivalents, and restricted cash (42,782) 337,090  
Cash, cash equivalents, and restricted cash at beginning of period 289,186 69,941 69,941
Cash, cash equivalents, and restricted cash at end of period 246,404 407,031 289,186
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 0 381  
Cash paid for interest 713 1,873  
Supplemental disclosure of non-cash investing and financing activities      
Accrued purchases of property and equipment 51 1,789  
Conversion of Convertible Notes 0 159,172  
Conversion of Legacy Sonder Warrants 0 1,243  
Reclassification of liability-classified Legacy Sonder Warrants to equity 0 2,111  
Recognition of Earn Out Liability 0 (98,117) (98,117)
Recognition of SPAC Warrants 0 (25,985)  
Issuance of Delayed Draw Warrants 0 5,598  
Conversion of Exchangeable Stock 0 49,733  
Conversion of Redeemable Convertible Preferred Stock 0 518,750  
Reconciliation of cash, cash equivalents, and restricted cash:      
Cash and cash equivalents 217,968 406,348 246,624
Restricted cash 28,436 683 42,562
Cash, cash equivalents, and restricted cash at end of period $ 246,404 $ 407,031 $ 289,186