Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 474,205 $ 305,496
Accounts receivable 76,731 9,270
Prepaid expenses and other current assets 23,355 12,952
Total current assets 574,291 327,718
Property, plant and equipment, net 789,076 150,545
Deferred engineering costs 0 110,025
Other non-current assets 63,316 33,518
Total assets 1,426,683 621,806
Current liabilities:    
Accounts payable 4,805 2,852
Accrued and other liabilities 129,180 85,946
Borrowings 163,556 0
Total current liabilities 297,541 88,798
Long-term liabilities:    
Borrowings 382,208 53,687
Finance lease liabilities 49,963 50,103
Other non-current liabilities 24,428 10,917
Total long-term liabilities 456,599 114,707
Commitments and Contingencies (Note 11)
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 and 800,000,000 authorized: 564,567,568 and 500,453,575 shares outstanding, respectively 5,456 4,774
Additional paid-in capital 1,647,896 1,344,526
Accumulated deficit (980,870) (931,060)
Total stockholders’ equity 672,543 418,301
Total liabilities and stockholders’ equity $ 1,426,683 $ 621,806