XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net income $ 91,324 $ 86,020
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and accretion 30,375 23,893
Impairment of long-lived assets 138,050 0
Asset retirement obligation acceleration 0 500
Amortization of debt related costs 2,155 491
Changes in fair value of contingent assets and liabilities (8,975) 26,900
Provision for excess and obsolete inventory 3,179 3,185
Stock-based compensation 22,359 13,035
Deferred taxes (39,616) 6,598
Long-term indemnification receivable (327) (793)
Long-term income tax payable and other long-term liabilities 1,386 1,154
Other 1,735 2,172
(Decreases) increases in cash from operating assets and liabilities:    
Accounts receivable (39,078) (100,994)
Inventory (19,255) (2,013)
Other current assets (9,260) 744
Other long-term assets 0 (533)
Accounts payable 14,186 (861)
Accrued expenses and other liabilities (112,004) 23,363
Net cash provided by operating activities 76,234 82,861
Investing activities    
Capital expenditures (19,865) (7,533)
Proceeds from sale of assets, net 0 1,800
Acquisition of assets, net (45,345) 0
Net cash used in investing activities (65,210) (5,733)
Financing activities    
Payments on long-term debt and other borrowings (528) (5,219)
Contingent value rights settlement (3,700) 0
Proceeds from stock option exercises 3,189 6,780
Proceeds from issuance of common stock 940 577
Payments for minimum statutory tax withholding related to net share settlement of equity awards (12,621) (6,328)
Net cash used in financing activities (12,720) (4,190)
Effect of foreign exchange rates on cash, cash equivalents and restricted cash 139 (19)
Net (decrease) increase in cash, cash equivalents and restricted cash (1,557) 72,919
Cash, cash equivalents and restricted cash, beginning of period 417,241 100,651
Cash, cash equivalents and restricted cash, end of period 415,684 173,570
Reconciliation to amounts within the condensed consolidated balance sheets    
Cash and cash equivalents 414,076 171,427
Restricted cash included in other long-term assets 1,608 2,143
Cash, cash equivalents and restricted cash at end of period $ 415,684 $ 173,570