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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income (loss) $ (772,576) $ 5,128
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 86,919 93,721
Unrealized foreign currency exchange rate gain (loss) (1,134) (3,077)
Loss on disposal of property and equipment 825 2,447
Impairment charges 449,090 0
Amortization of bond premium 1,867 127
Stock-based compensation 23,258 25,635
Deferred income taxes 22,296 (13,890)
Changes in reserves and allowances 19,772 (10,196)
Changes in operating assets and liabilities:    
Accounts receivable 126,059 (75,116)
Inventories (307,430) 62,302
Prepaid expenses and other assets 77,368 64,533
Other non-current assets (301,523) 12,812
Accounts payable 46,449 57,674
Accrued expenses and other liabilities 230,670 (48,094)
Customer refund liability (18,630) (60,089)
Income taxes payable and receivable 7,310 (1,210)
Net cash provided by (used in) operating activities (309,410) 112,707
Cash flows from investing activities    
Purchases of property and equipment (50,862) (77,046)
Purchases of other assets 0 (997)
Purchase of businesses (38,190) 0
Net cash used in investing activities (89,052) (78,043)
Cash flows from financing activities    
Proceeds from long term debt and revolving credit facility 1,288,753 25,000
Payments on long term debt and revolving credit facility (550,000) (162,817)
Purchase of capped call (47,850) 0
Employee taxes paid for shares withheld for income taxes (2,732) (3,077)
Proceeds from exercise of stock options and other stock issuances 2,859 4,238
Payments of debt financing costs (4,823) (2,661)
Other financing fees 0 76
Net cash provided by (used in) financing activities 686,207 (139,241)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4,351 4,463
Net increase in (decrease in) cash, cash equivalents and restricted cash 292,096 (100,114)
Cash, cash equivalents and restricted cash    
Beginning of period 796,008 566,060
End of period 1,088,104 465,946
Non-cash investing and financing activities    
Change in accrual for property and equipment $ (11,246) $ (17,392)