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Unaudited 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) $ (733,630) $ 107,443
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 124,169 140,443
Unrealized foreign currency exchange rate gain (loss) (3,676) 12,885
Loss on disposal of property and equipment 3,547 2,884
Impairment charges 452,945 0
Amortization of bond premium 6,910 190
Stock-based compensation 32,770 38,048
Deferred income taxes 19,172 23,827
Changes in reserves and allowances 22,910 (22,778)
Changes in operating assets and liabilities:    
Accounts receivable (105,874) (187,585)
Inventories (159,930) 123,364
Prepaid expenses and other assets 64,404 73,753
Other non-current assets (288,111) 5,939
Accounts payable 17,972 (67,336)
Accrued expenses and other liabilities 301,720 (52,466)
Customer refund liability (23,164) (88,710)
Income taxes payable and receivable 18,159 (7,433)
Net cash provided by (used in) operating activities (249,707) 102,468
Cash flows from investing activities    
Purchases of property and equipment (71,639) (105,767)
Purchases of other assets 0 (1,273)
Purchase of businesses (38,848) 0
Net cash used in investing activities (110,487) (107,040)
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 (800,000) (162,817)
Purchase of capped call (47,850) 0
Employee taxes paid for shares withheld for income taxes (3,285) (4,088)
Proceeds from exercise of stock options and other stock issuances 3,855 5,797
Payments of debt financing costs (5,150) (2,661)
Other financing fees 0 77
Net cash provided by (used in) financing activities 436,323 (138,692)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,398 4,809
Net increase in (decrease in) cash, cash equivalents and restricted cash 78,527 (138,455)
Cash, cash equivalents and restricted cash    
Beginning of period 796,008 566,060
End of period 874,535 427,605
Non-cash investing and financing activities    
Change in accrual for property and equipment $ (12,449) $ (15,620)