Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 823,522 $ 305,496
Accounts receivable 31,975 9,270
Prepaid expenses and other current assets 22,210 12,952
Total current assets 877,707 327,718
Property, plant and equipment, net 409,150 150,545
Deferred engineering costs 0 110,025
Other non-current assets 54,085 33,518
Total assets 1,340,942 621,806
Current liabilities:    
Accounts payable 5,123 2,852
Accrued and other liabilities 69,970 85,946
Borrowings 162,848 0
Total current liabilities 237,941 88,798
Long-term liabilities:    
Borrowings 381,072 53,687
Finance lease liabilities 50,034 50,103
Other non-current liabilities 18,161 10,917
Total long-term liabilities 449,267 114,707
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: 568,620,208 and 500,453,575 shares outstanding, respectively 5,454 4,774
Additional paid-in capital 1,645,920 1,344,526
Accumulated deficit (997,701) (931,060)
Total stockholders’ equity 653,734 418,301
Total liabilities and stockholders’ equity $ 1,340,942 $ 621,806