v3.21.2
Condensed Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash flows from operating activities:      
Net loss $ (112,554) $ (127,780) $ (54,131)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 2,083 4,207 3,441
Non-cash operating lease expense   235 312
Loss on the disposal of property and equipment     9
Debt discount amortization     2,638
Stock-based compensation   70,660 740
Gain on fair value change in contingent earnout share liability 8,157 (75,402)  
Loss on fair value change in private placement warrants liability   (1,639)  
Changes in operating assets and liabilities:      
Prepaids and other current assets   (7,714) (267)
Other assets   256 664
Accounts payable   1,165 (999)
Accrued interest expense     (671)
Accrued expenses and other current liabilities   23,916 6,160
Operating lease liabilities     (210)
Net cash used in operating activities   (108,818) (42,314)
Cash flows from investing activities:      
Purchases of property and equipment   (28,653) (979)
Net cash used in investing activities   (28,653) (979)
Cash flows from financing activities:      
Proceeds from related party convertible debt and derivative liability     10,000
Proceeds from issuance of ordinary shares     3
Proceeds from convertible debt     15,250
Loan advance     7,017
Repurchase of restricted ordinary shares   (4) (25)
Proceeds from public warrants exercised   6,867  
Repurchase of unvested shares   (4) (25)
Payment of offering costs   (1,306)  
Repayments on loan advance   6,943  
Other     22
Net cash (used in) provided by financing activities   (1,386) 32,267
Net increase in cash, cash equivalents, and restricted cash   (138,857) (11,026)
Cash, cash equivalents, and restricted cash, beginning of period   702,422 29,507
Cash, cash equivalents, and restricted cash, end of period 563,565 563,565 18,481
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets      
Cash and cash equivalents at end of period 563,075 563,075 17,981
Restricted cash 490 490 500
Total cash, cash equivalents, and restricted cash at end of period shown in the condensed consolidated statements of cash flows $ 563,565 563,565 18,481
Supplemental non-cash investing and financing activities      
Acquisition of property and equipment included in current liabilities   37,887  
Offering costs included in accounts payable   12,001  
Recognition of operating lease right of use asset   2,003  
Conversion of private placement warrants to public warrants   8,252  
Gain on extinguishment of convertible debt recorded in additional paid-in capital     $ 8,264
Supplemental disclosures of cash flow information      
Cash paid for interest   $ 60  

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