Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (73,440) $ (322,334)
Adjustments to reconcile net loss to net cash used in operating activities:    
Mark-to-market adjustments of derivative liabilities and fair valued convertible notes (2,690) (132,580)
Impairment of assets 0 215,822
Impairment of product sales inventory 0 31,769
Depreciation and amortization 28,078 40,965
Non-cash vehicle expenses 4,938 10,328
Loss on disposal of vehicles 848 0
Stock-based compensation expense 17,436 82,038
Amortization of debt issuance costs and discounts 1,805 2,348
Bad debt (recovery) expense (330) 5,096
Other 49 1,025
Changes in assets and liabilities:    
Accounts receivable 1,966 (2,327)
Inventory 1,886 14,686
Prepaid expenses and other current assets 8,302 (16,912)
Other assets 933 83
Accounts payable 5,271 10,514
Deferred revenue (8,159) 11,174
Accrued expenses and other current liabilities (494) 4,602
Other liabilities (2,926) (1,200)
Net cash used in operating activities (16,527) (44,903)
Cash flows from investing activities    
Business Acquisitions, net of cash acquired (6,794) 0
Proceeds from disposal of used vehicles 358 0
Purchases of property and equipment (186) (437)
Purchases of vehicles (3,231) (86,349)
Net cash used in investing activities (9,853) (86,786)
Cash flows from financing activities    
Proceeds from borrowings, net of issuance costs 6,000 109,106
Proceeds from issuance of convertible debt, net of issuance costs 8,614 0
Proceeds from the issuance of common stock 256 372
Proceeds from issuance of ATM Facility shares, net of fees 191 0
Payments for taxes related to net share settlement (4) (2,161)
Payment for settlement of debt (13,494) (54,706)
Proceeds from issuance of convertible debt from Bird Canada acquisition 994 0
Net cash provided by financing activities 2,557 52,611
Effect of exchange rate changes on cash (1,463) 6,889
Net decrease in cash and cash equivalents and restricted cash and cash equivalents (25,286) (72,189)
Beginning of period 39,045 159,901
End of period 13,759 87,712
Cash and cash equivalents 10,235 38,529
Restricted cash and cash equivalents 3,524 49,183
Total cash and cash equivalents and restricted cash and cash equivalents $ 13,759 $ 87,712