| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net loss | ||||||
-321,169 | -67,723 | -7,809 | -7,883 | |||
Adjusted for the following items: | ||||||
Inventory valuation adjustments | ||||||
68,583 | 384 | 204 | 234 | |||
Depreciation and amortization expenses | ||||||
15,849 | 3,562 | 1,853 | 1,953 | |||
Impairment of assets | ||||||
112,070 | - | - | - | |||
Stock-based compensation expenses | ||||||
31,842 | 20,988 | 139 | 94 | |||
Change in fair value of contingent consideration | ||||||
-46,914 | - | - | - | |||
Loss from equity method investments | ||||||
-4,504 | - | - | - | |||
Loss (gain) from equity investments measured at fair value | ||||||
-939 | -6 | - | - | |||
Loss from sale of investment | ||||||
2,631 | - | - | - | |||
Interest on debt securities | ||||||
149 | - | - | - | |||
Deferred taxes | ||||||
-8,847 | -4,485 | - | - | |||
Amortization of discount on convertible notes | ||||||
9,843 | 2,180 | - | - | |||
Foreign currency (gain) loss | ||||||
5,944 | -6,477 | 1,363 | 187 | |||
Accretion related to obligations under finance leases | ||||||
-367 | - | - | - | |||
Non-cash interest expenses | ||||||
- | 5,669 | 693 | 772 | |||
Credit loss expenses | ||||||
1,723 | 285 | - | 9 | |||
Loss on disposal of property and equipment | ||||||
-2,436 | 2 | -11 | -2 | |||
Changes in non-cash working capital: | ||||||
Accounts receivable | ||||||
14,820 | 16,512 | 507 | -317 | |||
Taxes receivable | ||||||
5,196 | -101 | - | - | |||
Other receivables | ||||||
- | - | 1,187 | 1 | |||
Inventory | ||||||
102,643 | 9,226 | 3,295 | -693 | |||
Prepayments and other current assets | ||||||
46,212 | 2,588 | 433 | 8 | |||
Accounts payable | ||||||
20,003 | 5,218 | 4,728 | 122 | |||
Accrued expenses and other current liabilities | ||||||
28,215 | 9,418 | 963 | 565 | |||
Other liabilities | ||||||
86 | - | - | - | |||
Net cash used in operating activities | ||||||
-258,065 | -46,248 | -6,003 | -3,318 | |||
Investing activities | ||||||
Business combinations, net of cash acquired | ||||||
163,889 | - | - | - | |||
Investment in equity method investees | ||||||
14,201 | - | - | - | |||
Change in deposits and other assets | ||||||
2,689 | - | 397 | -6 | |||
Purchases of short-term and other investments | ||||||
1,350,666 | 319,373 | - | - | |||
Proceeds from sales and maturities of short-term investments | ||||||
1,383,632 | 274,497 | - | - | |||
Purchases of property and equipment | ||||||
73,741 | 50,198 | 10,910 | 488 | |||
Proceeds from disposal of property and equipment | ||||||
6,581 | 713 | 23 | - | |||
Purchases of intangible assets | ||||||
4,875 | 4,259 | 531 | 543 | |||
Net cash used in investing activities | ||||||
-253,181 | -98,620 | -11,815 | -1,025 | |||
Financing activities | ||||||
Proceeds from at-the-market equity offering, net of costs | ||||||
111,073 | - | - | - | |||
Proceeds from ABG Profit Participation Arrangement | ||||||
4,187 | - | - | - | |||
Payment of ABG finance liability | ||||||
500 | - | - | - | |||
Payment under Privateer Holdings debt facilities | ||||||
- | 36,940 | - | - | |||
Advances under Privateer Holdings debt and construction facilities | ||||||
- | 3,453 | 6,039 | 4,406 | |||
Proceeds from Preferred Shares - Series A, net of transaction costs | ||||||
- | 52,560 | - | - | |||
Proceeds from exercise of stock options | ||||||
5,458 | - | - | - | |||
Payment of mortgage debt | ||||||
- | 9,136 | - | - | |||
Proceeds from mortgage debt | ||||||
- | - | - | 9,062 | |||
Payments on long-term debt | ||||||
- | - | - | 2,190 | |||
Long-term debt financing costs | ||||||
- | - | - | 359 | |||
Payment of obligations under finance lease | ||||||
504 | - | 199 | - | |||
Payment on the settlement of stock options | ||||||
5,014 | - | - | - | |||
Proceeds from issuance of convertible notes, net of issuance costs | ||||||
- | 460,269 | - | - | |||
Proceeds from issuance of common stock pursuant to IPO, net | ||||||
- | 160,792 | - | - | |||
Net cash provided by financing activities | ||||||
114,700 | 630,998 | 12,235 | 10,919 | |||
Effect of foreign currency translation on cash and cash equivalents | ||||||
6,082 | -1,198 | 375 | 226 | |||
Increase (decrease) in cash and cash equivalents | ||||||
-390,464 | 484,932 | -5,208 | 6,802 | |||
Supplemental Disclosure for Cash Flow Information | ||||||
Cash paid for interest | ||||||
- | - | 1,157 | 295 | |||
Capital lease obligation | ||||||
- | - | 8,958 | - | |||
Non-cash investing activities | ||||||
Addition to property and equipment under capital lease | ||||||
- | - | 8,958 | - | |||
Investment In ABG [Member] | ||||||
Investment in ABG Profit Participation Arrangement | ||||||
33,333 | - | - | - | |||
Privateer Holdings Construction Facility [Member] | ||||||
Advances under Privateer Holdings debt facilities | ||||||
- | - | 6,395 | - | |||