v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (125,367) $ (15,227)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,678 2,124
Non-cash operating lease expense 439 (584)
Stock-based compensation 20,680 45,146
Gain on fair value in contingent earnout shares liability (15,465) (83,560)
Loss on fair value change in private placement warrants liability 0 1,639
Changes in operating assets and liabilities:    
Prepaids and other current assets (998) (9,176)
Other assets (1,176) 253
Accounts payable, accrued expenses and other current liabilities (1,128) 5,366
Other long-term liabilities 0 71
Net cash used in operating activities (120,337) (53,948)
Cash flows from investing activities:    
Purchases of property and equipment (28,442) (12,108)
Return of prepayment to VDL Nedcar 30,440 0
Net cash provided by (used in) investing activities 1,998 (12,108)
Cash flows from financing activities:    
Proceeds from exercise of public warrants 0 6,867
Withholding for employee stock purchase plan 1,174 0
Repurchase of unvested shares (3) (2)
Payment of offering costs (100) (1,306)
Proceeds from the purchase of shares and warrants by VDL Nedcar 8,400 0
Net cash provided by financing activities 9,471 5,559
Net decrease in cash, cash equivalents, and restricted cash (108,868) (60,497)
Cash, cash equivalents, and restricted cash, beginning of period 227,492 702,422
Cash, cash equivalents, and restricted cash, end of period 118,624 641,925
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets    
Cash and cash equivalents at end of period 104,926 641,925
Restricted cash, current at end of period 3,448 0
Restricted cash, non-current at end of period 10,250 0
Total cash, cash equivalents, and restricted cash at end of period shown in the condensed consolidated statements of cash flows 118,624 641,925
Supplemental non-cash investing and financing activities    
Acquisition of property and equipment included in current liabilities 48,149 8,189
Offering costs included in current liabilities 982 12,001
Recognition of operating lease right-of-use asset 13,058 1,171
Conversion of private placement warrants to public warrants $ 0 $ 8,252

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