Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED 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 loss     $ (148,742) $ (427,990)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization     40,322 38,294  
Stockbased compensation     26,699 37,826  
Goodwill impairment $ 2,450 $ 0 2,450 229,500 $ 498,800
Amortization (accretion) of discount on investments     (490) (305)  
Amortization of deferred costs on convertible notes     548 276  
Provision for bad debt     640 1,038  
Loss on disposal of property and equipment     501 209  
Net increase (decrease) in accrued interest related to marketable securities     238 771  
Net unrealized (gain) loss on equity investment     286 6,172  
Net unrealized (gain) loss on other investments       745  
Deferred tax benefit     (675) (1,602)  
Change in fair value of contingent consideration   (300)   (254)  
Foreign currency transaction loss     392 1,202  
Impairment charges 6,062   6,062    
Changes in operating assets and liabilities:          
Accounts receivable     (2,446) 3,166  
Inventory     (16,052) (31,195)  
Prepaid expenses and other current assets     (8,716) (969)  
Other assets     2,425 1,196  
Accounts payable     7,397 (2,959)  
Accrued expenses and other current liabilities     1,009 (3,855)  
Customer deposits     (4,542) 2,360  
Deferred revenue     3,590 (1,589)  
Change in right of use assets and lease liabilities, net     (4,456) (2,850)  
Other liabilities     1,706 24  
Net cash used in operating activities     (91,854) (150,789)  
Cash flows from investing activities:          
Purchases of property and equipment     (2,709) (8,157)  
Proceeds from other investment       3,155  
Proceeds from sale of property and equipment     9,942 6  
Purchase of marketable securities     (4,973) (158,404)  
Proceeds from sales and maturities of marketable securities     112,719 205,650  
Proceeds from disposal of subsidiaries     4,089    
Proceeds from capital grant       200  
Cash paid for acquisitions, net of cash acquired     (500) (23)  
Net cash provided by investing activities     118,568 42,427  
Cash flows from financing activities:          
Proceeds from the exercise of stock options     1,203 3,036  
Payment of taxes related to net share settlement upon vesting of restricted stock units     (147) (230)  
Repayment of loans     (337) (421)  
Proceeds from issuance of convertible notes       115,000  
Costs incurred in connection with the issuance of convertible notes       (3,619)  
Net cash provided by financing activities     719 113,766  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (461) (1,491)  
Net increase in cash, cash equivalents, and restricted cash     26,972 3,913  
Cash, cash equivalents, and restricted cash at beginning of period     81,913 68,258 68,258
Cash, cash equivalents, and restricted cash at end of period 108,885 72,171 108,885 72,171 81,913
Supplemental disclosures of cash flow information          
Cash and cash equivalents 107,432 66,987 107,432 66,987 76,291
Restricted cash included in other current assets 841 4,072 841 4,072  
Restricted cash included in other noncurrent assets 612 1,112 612 1,112  
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows $ 108,885 $ 72,171 108,885 72,171 $ 81,913
Noncash investing and financing activities:          
Net unrealized (gain) loss on investments     (339) 418  
Common Stock issued for settlement of contingent consideration     797 500  
Deferred contract costs       1,341  
Additions to right of use assets and lease liabilities     11,443 10,742  
Purchase of property and equipment included in accounts payable     326 1,507  
Purchase of property and equipment included in accrued expense     90    
Transfers from property and equipment to inventory     1,647 2,470  
Transfers from inventory to property and equipment     $ 1,370 $ 3,475