v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (62,319) $ (41,505)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization expense 5,212 3,333
Non-cash interest expense and amortization of debt costs 0 825
Stock-based compensation expense 19,429 4,808
Other non-cash compensation expense 0 1,741
Gain from change in the fair value of warrants and earnout shares 16,814 0
Income from equity method investment (14,458) (1,400)
Net accretion and amortization of investments in marketable debt securities 774 1,622
Changes in operating assets and liabilities    
Other receivables and prepaid expenses and other current assets 418 (1,995)
Other non-current assets 9,332 (32)
Accounts payable and accrued and other liabilities (3,000) 2,938
Net cash used in operating activities (61,426) (29,665)
Cash flows from investing activities    
Purchase of marketable securities (571,890) (169,676)
Proceeds from sales of marketable securities 34,506 26,825
Proceeds from maturities of marketable securities 73,550 142,054
Purchases of property and equipment (10,833) (5,082)
Acquisitions, net of cash 1,465 0
Net cash used in investing activities (476,132) (5,879)
Cash flows from financing activities    
Repurchase of common stock (85) 0
Proceeds from capital lease obligation 0 380
Proceeds from issuance of convertible notes 0 74,972
Proceeds from the exercise of stock options and warrants issuance 427 309
Repayments of tenant improvement loan and capital lease obligation (262) (160)
Payments for deferred offering costs   (512)
Net cash provided by financing activities 80 74,989
Net change in cash, cash equivalents and restricted cash (537,478) 39,445
Cash, cash equivalents and restricted cash, at the beginning of the period 956,325 78,030
Cash, cash equivalents and restricted cash, at the end of the period 418,847 117,475
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets    
Cash and cash equivalents 417,116 116,782
Restricted cash 1,731 693
Cash, cash equivalents and restricted cash in consolidated balance sheets 418,847 117,475
Non-cash investing and financing activities    
Unpaid property and equipment purchases 426 1,996
Uber acquisition in exchange for Series C redeemable convertible preferred stock 0 77,619
Property and equipment purchased through capital leases $ 252 $ 0

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