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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income (loss) $ 326,661 $ 28,067 $ (71,279)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation, amortization and accretion 60,043 47,929 42,288
Impairment of long-lived assets 138,050 0 9,729
Asset retirement obligation acceleration 0 280 5,259
Gain on interest rate swap termination 0 (5,494) 0
Amortization of debt related costs 4,300 1,249 676
Changes in fair value of contingent assets and liabilities (9,275) 34,700 72,400
Charges incurred in connection with acquired IPR&D 0 260,000 0
Loss (gain) on extinguishment of debt 0 588 (889)
Provision for excess and obsolete inventory 7,914 7,145 4,057
Stock-based compensation 50,507 29,262 15,934
Gain on disposal of assets (51,789) 0 (15,263)
Deferred taxes (55,632) (48,016) 4,437
Long-term indemnification receivable 3,929 9,554 7,121
Long-term income tax payable and other long-term liabilities (3,103) (12,477) (7,912)
Other 4,855 4,059 2,512
Changes in assets and liabilities which provided (used) cash:      
Accounts receivable (68,637) (128,460) (33,102)
Inventory (36,220) (7,508) (3,549)
Other current assets (2,418) (2,440) (73)
Other long-term assets 0 (533) 0
Accounts payable 17,189 301 5,425
Accrued expenses and other liabilities (81,114) 63,575 16,145
Net cash provided by operating activities 305,260 281,781 53,916
Investing activities      
Capital expenditures (46,555) (18,347) (12,140)
Proceeds from sale of assets, net 97,839 1,800 15,823
Acquisition of assets (45,345) (260,000) 0
Net cash provided by (used in) investing activities 5,939 (276,547) 3,683
Financing activities      
Proceeds from issuance of common stock 1,933 1,375 767
Debt issuance costs 0 (95) 0
Proceeds from issuance of long-term debt, net 0 557,750 0
Contingent value rights settlement (3,700) 0 0
Payments on long-term debt and other borrowings (717) (175,385) (43,348)
Deferred financing costs 0 (2,315) 0
Proceeds from interest rate swap termination 0 5,583 0
Proceeds from stock option exercises 3,816 7,537 5,295
Payments for minimum statutory tax withholding related to net share settlement of equity awards (14,394) (7,759) (2,046)
Repurchase of common stock 0 (75,000) 0
Net cash (used in) provided by financing activities (13,062) 311,691 (39,332)
Effect of foreign exchange rates on cash and cash equivalents (93) (335) (310)
Net increase in cash and cash equivalents and restricted cash 298,044 316,590 17,957
Cash and cash equivalents and restricted cash, beginning of year 417,241 100,651 82,694
Cash and cash equivalents and restricted cash, end of year 715,285 417,241 100,651
Reconciliation to amounts within the consolidated balance sheets      
Cash and cash equivalents 713,656 415,652 98,508
Restricted cash included in other long-term assets 1,629 1,589 2,143
Cash, cash equivalents and restricted cash at end of period 715,285 417,241 100,651
Supplemental disclosure of cash flow information      
Interest 15,387 5,064 6,284
Income taxes, net of refunds of $25, $50 and $315, respectively 151,579 54,049 215
Schedule of non-cash investing and financing activities      
Additions of property, plant and equipment included in liabilities 6,978 2,370 1,262
Right-of-use asset obtained in exchange for operating lease liabilities $ 29,396 $ 11,019 $ 683