Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows (Statement)

v3.22.0.1
Statement of Cash Flows (Statement) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (755,453) $ (214,449)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15,581 3,117
Reduction in the carrying amount of ROU assets 25,424 14,109
Accretion of discount on short-term investments 0 (143)
Loss on disposal of equipment 3,338 0
Non-cash severance 7,873 0
Stock based compensation 220,058 16,880
Change in deferred tax asset valuation allowance (4,504) 0
Change in fair value of derivative liabilities 20,116 0
Transaction costs associated with warrants 4,516 0
Other 3,836 0
Changes in operating assets and liabilities:    
Contract asset (32,538) 0
Prepaid expenses and other current assets (9,901) (11,692)
Other assets (5,566) (14,038)
Accounts payable 444 2,189
Accrued expenses and other current and non-current liabilities (35,845) 13,674
Operating lease liability (20,667) (1,526)
Net cash used in operating activities (563,288) (191,879)
Cash flows from investing activities:    
Purchases of property and equipment (48,054) (6,689)
Proceeds from sale of property and equipment 3,500 0
Net cash acquired in acquisitions 294,439 0
Purchase of short-term investments 0 (120,022)
Maturities of short-term investments 0 470,000
Net cash provided by investing activities 249,885 343,289
Cash flows from financing activities:    
Proceeds from early exercised stock options 0 79
Payments to repurchase unvested early exercised stock options 0 (763)
Payments to repurchase series B preferred stock 0 (532)
Proceeds from issuance of common stock 7,999 2,662
Proceeds from issuance of Series U-2 preferred stock, net 397,862 0
Proceeds from the reverse recapitalization, net of transaction costs 1,133,961 0
Net cash provided by financing activities 1,539,822 1,446
Net increase in cash, cash equivalents, and restricted cash 1,226,419 152,856
Cash, cash equivalents, and restricted cash at beginning of the period 399,828 246,972
Cash, cash equivalents, and restricted cash at end of the period $ 1,626,247 $ 399,828