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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net earnings (loss) $ 141 $ 35,230
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 63,183 64,694
Other income from Navitor (see Note 4) 0 (12,888)
Amortization of deferred financing costs and debt discount 532 1,582
Realized gains from sales of marketable securities 0 (14)
Amortization of premium/discount on marketable securities (849) 3,215
Change in fair value of contingent consideration (1,313) 1,894
Other noncash adjustments, net 10,485 7,983
Share-based compensation expense 20,314 13,307
Deferred income tax benefit (15,255) (18,564)
Changes in operating assets and liabilities:    
Accounts receivable 21,155 (14,958)
Inventories 1,082 (6,304)
Prepaid expenses and other assets (8,138) 3,098
Accrued product returns and rebates 10,808 25,746
Accounts payable and other liabilities (36,018) (12,659)
Contingent consideration 0 (2,100)
Net cash provided by operating activities 66,127 89,262
Cash flows from investing activities    
Purchases of marketable securities 0 (340,665)
Sales and maturities of marketable securities 335,297 173,189
Purchases of property and equipment (587) (422)
Net cash provided by (used in) investing activities 334,710 (167,898)
Cash flows from financing activities    
Proceeds from Line of Credit 93,000 0
Payments on Line of Credit (93,000) 0
Payment on convertible notes (402,500) 0
Payment of contingent consideration 0 (22,900)
Proceeds from issuance of common stock 3,528 9,594
Net cash used in financing activities (398,972) (13,306)
Net change in cash and cash equivalents 1,865 (91,942)
Cash and cash equivalents at beginning of year 93,120 203,434
Cash and cash equivalents at end of period 94,985 111,492
Supplemental cash flow information    
Cash paid for interest on debt 1,946 2,516
Cash paid for income taxes 27,055 14,558
Cash paid for operating leases 13,242 9,547
Noncash investing and financing activities    
Lease assets obtained for new operating leases 5,903 973
Deferred legal fees and fixed assets included in accounts payable and accrued expenses 0 144
Property and equipment additions from utilization of tenant improvement allowance $ 0 $ 580