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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 23,344 $ (10,749)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Share-based compensation (3,409) 5,737
Amortization and depreciation 4,856 4,847
Foreign exchange loss (gain) on revaluation of finance lease liability (Monoplant) 1,812 (6,025)
Net amortization of premiums and discounts on investments (2,656) (3,206)
Other, net 2,325 1,559
Net changes in operating assets and liabilities:    
Accounts receivable, net (3,806) (4,820)
Inventory, net (6,967) (56)
Prepaid expenses and other current assets 6,033 873
Other noncurrent operating assets 0 17
Accounts payable (974) 1,345
Accrued expenses and other liabilities (23,405) (7,936)
Deferred revenue 4,342 (3)
Operating lease liabilities (195) (181)
Net cash provided by (used in) operating activities 1,300 (18,598)
Cash flows from investing activities:    
Proceeds from the sale and maturities of investments 123,035 170,505
Purchases of investments (91,986) (121,260)
Purchase of property, equipment and intangible assets (17) (12)
Net cash provided by investing activities 31,032 49,233
Cash flows from financing activities:    
Repurchase of common shares (46,921) (12,301)
Principal portion of finance lease payments (2,771) (2,778)
Proceeds from issuance of common shares from exercise of stock options and vesting of RSUs and performance awards 9,288 5,524
Taxes paid related to net settlement of exercises of stock options and vesting of RSUs and performance awards (8,933) (5,496)
Net cash used in financing activities (49,337) (15,051)
Net (decrease) increase in cash, cash equivalents and restricted cash (17,005) 15,584
Cash, cash equivalents and restricted cash, beginning of the period 83,433 48,875
Cash, cash equivalents and restricted cash, end of the period 66,428 64,459
Supplemental cash flow information:    
Cash paid for excise tax (246) 0
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets    
Cash and cash equivalents 66,113 63,914
Restricted cash 315 545
Total cash, cash equivalents and restricted cash $ 66,428 $ 64,459