Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (312,569) $ (126,088)
Adjustments to reconcile net loss to net cash used in operating activities:    
Issuance of and mark-to-market adjustments of derivative liabilities (134,936) 47,259
Impairment of assets 215,822 0
Impairment of product sales inventory 31,769 0
Depreciation and amortization 28,829 18,616
Non-cash vehicle expenses 7,160 (195)
Stock-based compensation expense 92,354 2,768
Loss on extinguishment of debt 0 2,304
Amortization of debt issuance costs and discounts 1,127 1,180
Bad debt expense 4,898 910
Other (779) (739)
Changes in assets and liabilities:    
Accounts receivable (1,223) 1,022
Inventory 7,725 4,044
Prepaid expenses and other current assets (13,332) (8,628)
Other assets 267 (83)
Accounts payable 11,642 (4,337)
Deferred revenue 6,106 7,487
Accrued expenses and other current liabilities 9,703 8,731
Other liabilities (1,703) 150
Net cash used in operating activities (47,141) (45,599)
Cash flows from investing activities    
Purchases of property and equipment (430) (66)
Purchases of vehicles (82,883) (71,313)
Net cash used in investing activities (83,313) (71,379)
Cash flows from financing activities    
Proceeds from borrowings, net of issuance costs 95,365 9,152
Debt repayments (21,452) (33,550)
Proceeds from issuance of redeemable convertible senior preferred stock and derivatives, net of issuance costs 0 207,814
Payment for settlements of warrants 0 (600)
Payment for taxes related to net share settlement (2,011) 0
Proceeds from the issuance of common stock 258 453
Net cash provided by financing activities 72,160 183,269
Effect of exchange rate changes on cash 3,498 3,832
Net (decrease) increase in cash and cash equivalents and restricted cash and cash equivalents (54,796) 70,123
Beginning of period 159,901 53,767
End of period 105,105 123,890
Cash and cash equivalents 57,140 101,340
Restricted cash and cash equivalents 47,965 22,550
Total cash and cash equivalents and restricted cash and cash equivalents $ 105,105 $ 123,890