Post-effective amendment to a registration statement that is not immediately effective upon filing

Condensed Consolidated Statements of Cash Flows

v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net loss $ (196,333) $ (208,230) $ (387,482)
Adjustments to reconcile net loss to net cash used in operating activities:      
Expensed transaction costs and mark-to-market adjustments of derivative liabilities (37,811)    
Depreciation & amortization 51,592 32,495 116,953
Non cash vehicle expenses 7,233 11,998 18,082
Share-based compensation expense 86,631 6,174 30,738
Debt discount accretion 1,695 2,635 1,296
Bad debt expense 2,766 463 2,135
Loss on extinguishment of debt 2,304   1,514
Loss on disposal of property and equipment 156 3,407  
Other 392 (300) (614)
Changes in assets and liabilities, net of impact of business acquisitions and disposals:      
Accounts receivable (8,372) (662) (4,553)
Inventory (9,331) (901) (4,361)
Prepaid expenses and other current assets (24,176) 7,095 (6,580)
Other assets 200 (162) 145
Accounts payable (7,485) (15,096) (15,514)
Deferred revenue 16 6,203 30,341
Accrued expenses and other current liabilities 2,335 6,454 2,994
Other liabilities (3,439) (1,724) 5,529
Net cash used in operating activities (131,627) (150,151) (209,377)
Cash flows from investing activities      
Purchases of property and equipment (846) (500) (7,179)
Purchases of vehicles (214,852) (11,862) (101,381)
Net cash acquired in acquisitions 0 68,664 (171)
Net cash (used in) provided by investing activities (215,698) 56,302 (108,731)
Cash flows from financing activities      
Proceeds from Business Combination and PIPE financing 249,610    
Transaction costs paid in connection with Business Combination and PIPE financing (25,946)    
Proceeds from issuance of debt, net of issuance costs 52,680 0 69,787
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs   51,711  
Proceeds from issuance of redeemable convertible senior preferred stock and derivatives, net of issuance costs 207,814   271,943
Proceeds from issuance of common stock 423 933 1,219
Payment for settlement of warrants (600) (2,002) (3,000)
Payment for settlement of debt (40,610) (18,776) (21,337)
Net cash provided by financing activities 443,371 31,866 318,612
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents 10,088 (3,590) (1,049)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 106,134 (65,573) (545)
Beginning of period 53,767 119,340 119,885
End of period 159,901 53,767 119,340
Non-cash activities:      
Transaction costs not yet paid 6,563    
Fair Value of net assets acquired in non cash acquisition 1,300,121 190,000  
Conversion of convertible debt to redeemable convertible preferred stock in acquisition     8,271
Supplemental disclosures of cash flow information      
Interest 695 4,278 3,271
Income taxes 263 214 916
Cash and Cash Equivalents [Member]      
Cash flows from financing activities      
Beginning of period 43,158 109,160  
End of period 128,556 43,158 109,160
Restricted Cash [Member]      
Cash flows from financing activities      
Beginning of period 10,609 10,180  
End of period $ 31,345 $ 10,609 $ 10,180