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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 8,420 $ 9,485
Receivables, net 338,321 326,602
Inventories 181,401 210,573
Prepaid expenses and other current assets 14,035 9,596
Total current assets 542,177 556,256
Property and equipment 54,462 55,929
Accumulated depreciation (26,258) (21,404)
Property and equipment, net 28,204 34,525
Capitalized software for internal use, net 28,899 30,506
Operating lease right-of-use assets 26,863  
Goodwill 371,569 609,592
Definite-lived intangible assets, net 155,798 240,810
Assets held for sale 3,642  
Other noncurrent assets 5,451 4,670
Total assets 1,162,603 1,476,359
Current liabilities:    
Accounts payable 368,410 308,084
Rebates payable to PBM customers 23,459 23,264
Borrowings on revolving line of credit 105,000 176,300
Current portion of long-term debt 443,324 11,500
Current portion of operating lease liabilities 4,566  
Accrued expenses:    
Compensation and benefits 13,481 13,348
Contingent consideration 5,523 5,075
Other 27,779 21,014
Total current liabilities 991,542 558,585
Long-term debt, less current portion   438,369
Noncurrent operating lease liabilities 23,538  
Deferred income taxes 1,459 2,781
Contingent consideration 4,948 1,820
Derivative liability 10,084 4,292
Deferred gain   5,175
Other   253
Total liabilities 1,031,571 1,011,275
Shareholders' equity:    
Preferred stock (10,000,000 shares authorized; none issued and outstanding)
Common stock (no par value; 590,000,000 shares authorized; 75,973,963 and 74,474,677 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively) 641,557 629,411
Additional paid-in capital 55,529 50,544
Accumulated deficit (555,970) (210,579)
Accumulated other comprehensive loss (10,084) (4,292)
Total shareholders' equity 131,032 465,084
Total liabilities and shareholders' equity $ 1,162,603 $ 1,476,359