XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (27,558) $ 13,261
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 8,944 8,196
Loss on disposal and abandonment of intangible assets 252 51
Loss on disposal and impairment of property and equipment, net 1,429 2,408
Stock-based compensation 80,124 30,195
Deferred income taxes (11,670) (3,946)
Unrecognized tax benefits 573 594
Other noncash, net 4,573 2,923
Provision for expected credit losses 776 0
Change in assets and liabilities:    
Accounts and notes receivable and contract assets (48,551) (30,497)
Inventory (59,371) (6,302)
Prepaid expenses and other assets (4,822) (11,967)
Accounts payable, accrued and other liabilities 25,365 (13,528)
Deferred revenue 34,099 28,476
Net cash provided by operating activities 4,163 19,864
Cash flows from investing activities:    
Purchases of investments (516,687) (242,693)
Proceeds from call / maturity of investments 287,199 92,207
Purchases of property and equipment (66,023) (12,111)
Proceeds from disposal of property and equipment 94 0
Purchases of intangible assets (177) (328)
Investment in unconsolidated affiliate (4,700) 0
Net cash used in investing activities (300,294) (162,925)
Cash flows from financing activities:    
Net proceeds from equity offering 306,779 0
Proceeds from options exercised 295 106
Income and payroll tax payments for net-settled stock awards (6,886) (3,268)
Net cash provided by (used in) financing activities 300,188 (3,162)
Effect of exchange rate changes on cash and cash equivalents (303) (678)
Net increase (decrease) in cash and cash equivalents 3,754 (146,901)
Cash and cash equivalents and restricted cash, beginning of period 172,355 351,027
Cash and cash equivalents and restricted cash, end of period 176,109 204,126
Supplemental disclosures:    
Cash and cash equivalents 176,000 202,551
Restricted cash (Note 1) 109 1,575
Total cash, cash equivalents and restricted cash shown in the statements of cash flows 176,109 204,126
Cash paid for income taxes, net of refunds 7,678 2,422
Non-cash transactions    
Property and equipment purchases in accounts payable and accrued liabilities 1,734 1,047
Commission converted to stock-based award $ 0 $ 314