|
Depreciation and amortization
|
|
$5.6m
|
$9.3m
|
$13.4m
|
$18.8m
|
$23.5m
|
$27.7m
|
$31.7m
|
$33.1m
|
$33.0m
|
|
Property, plant, equipment, and right-of-use asset impairments
|
|
$140k
|
$203k
|
$0
|
$280k
|
$0
|
$0
|
$39.7m
|
$0
|
$0
|
|
Reduction of operating lease right-of-use assets
|
|
—
|
—
|
$0
|
$16.1m
|
$19.4m
|
$19.6m
|
$16.7m
|
$15.2m
|
$16.1m
|
|
Non-cash interest expense
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$8.7m
|
$8.2m
|
|
Gain on debt extinguishment
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($4.2m)
|
($40.8m)
|
|
Operating lease liability
|
|
—
|
—
|
$0
|
($12.8m)
|
($15.3m)
|
($17.8m)
|
($26.5m)
|
($20.9m)
|
($22.2m)
|
|
Net loss
|
|
($52.3m)
|
($75.8m)
|
($96.7m)
|
($175.8m)
|
($236.1m)
|
($196.4m)
|
($168.5m)
|
($134.2m)
|
($41.8m)
|
|
Stock-based compensation expense
|
|
$1.9m
|
$2.9m
|
$7.7m
|
$24.3m
|
$48.8m
|
$46.1m
|
$34.3m
|
$29.1m
|
$28.9m
|
|
Bad debt expense
|
|
$636k
|
$999k
|
$1.4m
|
$903k
|
$1.0m
|
$1.7m
|
$2.0m
|
$2.5m
|
$2.6m
|
|
Issuance costs allocated to liability classified warrants
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$374k
|
$0
|
|
Provision for inventory write-downs and shrinkage
|
|
—
|
—
|
—
|
—
|
$510k
|
$4.1m
|
$9.8m
|
$2.6m
|
$2.2m
|
|
Change in fair value of warrant liability
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$68.2m
|
$35.8m
|
|
Loss (gain) related to warehouse fire, net
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$740k
|
($95k)
|
|
Other adjustments
|
|
—
|
—
|
($226k)
|
($86k)
|
$10k
|
$0
|
$0
|
($165k)
|
($39k)
|
|
Accounts receivable
|
|
($4.2m)
|
($1.6m)
|
($1.6m)
|
($337k)
|
($1.6m)
|
($6.1m)
|
($7.0m)
|
$767k
|
($12.5m)
|
|
Inventory, net
|
|
($3.9m)
|
($3.7m)
|
($13.2m)
|
($20.4m)
|
($28.7m)
|
$28.0m
|
$10.9m
|
($3.7m)
|
($9.5m)
|
|
Prepaid expenses and other current assets
|
|
($2.4m)
|
($5.3m)
|
($4.1m)
|
($3.4m)
|
($4.0m)
|
($3.0m)
|
$2.0m
|
$701k
|
($796k)
|
|
Other assets
|
|
($802k)
|
($318k)
|
($1.0m)
|
$548k
|
($638k)
|
($409k)
|
($3.0m)
|
$76k
|
($701k)
|
|
Accounts payable
|
|
($88k)
|
($2.6m)
|
$6.0m
|
$2.8m
|
($10.0m)
|
$4.9m
|
($425k)
|
$910k
|
$1.6m
|
|
Accrued consignor payable
|
|
$10.5m
|
$6.6m
|
$17.6m
|
$4.2m
|
$14.0m
|
$10.5m
|
($4.4m)
|
$11.5m
|
$21.8m
|
|
Other accrued and current liabilities
|
|
$6.1m
|
$15.7m
|
$10.7m
|
$8.0m
|
$30.9m
|
($9.8m)
|
($464k)
|
$13.1m
|
$12.7m
|
|
Other noncurrent liabilities
|
|
$33k
|
$3.4m
|
$2.8m
|
($166k)
|
$947k
|
$301k
|
($172k)
|
$382k
|
$304k
|
|
Insurance proceeds related to warehouse fire
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$461k
|
$2.3m
|
|
Capitalized proprietary software development costs
|
|
($2.5m)
|
($5.7m)
|
($9.3m)
|
($8.7m)
|
($10.0m)
|
($14.1m)
|
($13.0m)
|
($11.8m)
|
($12.9m)
|
|
Purchases of property and equipment
|
|
($11.6m)
|
($13.4m)
|
($24.8m)
|
($18.3m)
|
($37.5m)
|
($22.9m)
|
($29.2m)
|
($14.2m)
|
($18.6m)
|
|
Proceeds from exercise of stock options
|
|
—
|
—
|
—
|
—
|
$6.0m
|
$2.9m
|
$19k
|
$376k
|
$1.0m
|
|
Proceeds from issuance of stock in connection with the Employee Stock Purchase Program
|
|
—
|
—
|
$0
|
$972k
|
$2.3m
|
$1.4m
|
$886k
|
$1.4m
|
$1.7m
|
|
Repayment of 2025 Notes
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($26.7m)
|
|
Cash received from settlement of Capped Calls in conjunction with the Note Exchanges
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$396k
|
$1.9m
|
|
Issuance costs paid related to the Note Exchanges
|
|
—
|
($545k)
|
—
|
—
|
—
|
$0
|
$0
|
($5.3m)
|
($6.5m)
|
|
Beginning of period
|
|
$23.8m
|
$20.7m
|
$45.6m
|
$154.4m
|
$350.8m
|
$418.2m
|
$190.6m
|
$187.1m
|
$166.0m
|
|
Property and equipment additions not yet paid in cash
|
|
$196k
|
$158k
|
$1.8m
|
($18.3m)
|
$1.9m
|
$13.9m
|
$1.8m
|
$1.8m
|
$3.5m
|
|
Capitalized proprietary software development costs not yet paid in cash
|
|
—
|
—
|
—
|
—
|
—
|
$1.6m
|
$1.1m
|
$654k
|
$978k
|
|
Stock-based compensation capitalized to proprietary software development costs
|
|
—
|
—
|
$0
|
$0
|
$1.4m
|
$1.6m
|
$777k
|
$504k
|
$318k
|
|
Liability classified warrants issued in connection with the 2024 Note Exchange
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$10.4m
|
$0
|
|
Net decrease in principal amount of debt due to the 2024 Note Exchange and 2025 Note Exchange
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($17.2m)
|
($42.7m)
|
|
Tax withholding liability for restricted stock
|
|
—
|
—
|
$0
|
$0
|
$3k
|
$11k
|
$11k
|
$0
|
$0
|
|
Net cash provided by (used in) operating activities
|
|
($38.6m)
|
($47.2m)
|
($54.5m)
|
($134.4m)
|
($142.2m)
|
($91.6m)
|
($61.3m)
|
$26.8m
|
$37.0m
|
|
Net cash used in investing activities
|
|
($11.3m)
|
($33.9m)
|
($215.4m)
|
$178.0m
|
($43.4m)
|
($36.9m)
|
($42.1m)
|
($25.6m)
|
($29.2m)
|
|
Accretion of debt discounts and issuance costs
|
|
—
|
$104k
|
$11k
|
$2.4m
|
$14.0m
|
$2.4m
|
$2.6m
|
$2.1m
|
$2.2m
|
|
Net cash (used in) provided by financing activities
|
|
$46.7m
|
$106.1m
|
$378.7m
|
$152.8m
|
$252.9m
|
$4.1m
|
$226k
|
($4.8m)
|
($28.9m)
|
|
Net decrease in cash, cash equivalents, and restricted cash
|
|
($3.2m)
|
$25.0m
|
$108.8m
|
$196.4m
|
$67.3m
|
($124.4m)
|
($103.2m)
|
($3.5m)
|
($21.1m)
|
|
Cash paid for interest
|
|
$704k
|
$666k
|
$553k
|
$11k
|
$6.6m
|
$8.1m
|
$8.1m
|
$10.7m
|
$17.5m
|
|
Taxes paid related to restricted stock vesting
|
|
$22k
|
$49k
|
($130k)
|
($748k)
|
($5k)
|
($205k)
|
($679k)
|
($1.6m)
|
($160k)
|
|
Cash paid for income taxes
|
|
$22k
|
$49k
|
$102k
|
$90k
|
$94k
|
$256k
|
$227k
|
$200k
|
$331k
|