Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 607,498 $ 305,496
Accounts receivable 62,609 9,270
Prepaid expenses and other current assets 31,457 12,952
Total current assets 701,564 327,718
Property, plant and equipment, net 670,913 150,545
Deferred engineering costs 0 110,025
Other non-current assets 57,805 33,518
Total assets 1,430,282 621,806
Current liabilities:    
Accounts payable 17,407 2,852
Accrued and other liabilities 149,874 85,946
Borrowings 163,274 0
Total current liabilities 330,555 88,798
Long-term liabilities:    
Borrowings 381,561 53,687
Finance lease liabilities 49,998 50,103
Other non-current liabilities 27,570 10,917
Total long-term liabilities 459,129 114,707
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 authorized: 6,123,782 and 6,123,782 shares outstanding, respectively 61 61
Common stock, $0.01 par value, 800,000,000 authorized: 564,856,629 and 500,453,575 shares outstanding, respectively 5,456 4,774
Additional paid-in capital 1,647,015 1,344,526
Accumulated deficit (1,011,934) (931,060)
Total stockholders’ equity 640,598 418,301
Total liabilities and stockholders’ equity $ 1,430,282 $ 621,806