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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 12.3 $ 5.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18.8 11.0
Non-cash interest 22.3 15.4
Stock-based compensation 13.7 14.1
Provision for credit losses 2.6 2.0
Other 0.0 (0.6)
Changes in operating assets and liabilities:    
Accounts receivable (13.8) (7.0)
Inventories (2.8) (14.0)
Prepaid expenses and other assets (14.0) (1.5)
Accounts payable, accrued expenses and other current liabilities (13.9) (3.5)
Other liabilities (2.4) (1.3)
Net cash provided by operating activities 22.8 20.4
Cash flows from investing activities    
Capital expenditures (51.7) (91.9)
Acquisition of intangible assets (0.5) (5.0)
Purchases of investments (37.9) (39.1)
Receipts from the maturity or sale of investments 170.7 104.2
Net cash provided by (used in) investing activities 80.6 (31.8)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 477.5 0.0
Proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 14.2 25.6
Payment of withholding taxes in connection with vesting of restricted stock units (26.8) (7.9)
Net cash provided by financing activities 464.9 17.7
Effect of exchange rate changes on cash (2.9) (0.3)
Net increase in cash, cash equivalents and restricted cash 565.4 6.0
Cash, cash equivalents and restricted cash at beginning of period 213.7 113.9
Cash, cash equivalents and restricted cash at end of period 779.1 119.9
Supplemental cash flow information:    
Purchases of property and equipment included in accounts payable and accrued expenses $ 4.5 $ 3.0