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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 18,602 $ (24,786)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Provision for loss (gains) on accounts receivable 4 (2)
Loss on disposal of property, plant and equipment 150 268
Share-based compensation 6,221 8,415
Inventory obsolescence 699 (29)
Depreciation and amortization 15,902 14,492
Write-off and amortization of deferred financing costs and loan discount 514 2,478
Change in operating lease right of use asset 379 357
Loss on equity method investment 0 980
Gain on equity investment (9,918) 0
Changes in operating assets and liabilities:    
Accounts receivable (11,757) 9,182
Inventories (7,817) (8,000)
Prepaid expenses and other current assets 548 2,525
Other assets (691) (3,664)
Accounts payable 9,909 (10,724)
Accrued expenses (16,943) (4,869)
Operating lease liability (396) (363)
Net cash flows provided by (used in) operating activities 5,406 (13,740)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments 0 (49,326)
Acquisitions of property, plant and equipment, software and deposits on equipment (46,473) (58,039)
Net cash flows used in investing activities (46,473) (107,365)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of options to purchase common stock 2,815 834
Tax withholdings related to net shares settlements of restricted stock units (223) (602)
Purchase of capped call options 0 (66,211)
Proceeds from issuance of convertible senior notes 0 393,518
Debt issuance costs 0 (2,026)
Principal payments under finance lease obligations (502) 0
Net cash flows provided by financing activities 2,090 325,513
NET CHANGE IN CASH AND CASH EQUIVALENTS (38,977) 204,408
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 296,871 132,735
CASH AND CASH EQUIVALENTS, END OF PERIOD 257,894 337,143
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 6,591 1,216
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Property, plant and equipment purchases in accounts payable and accrued expenses 17,332 25,943
Receivable from exercise of options to purchase common stock 0 1,120
Tax withholdings related to net shares settlements of restricted stock units in accrued expenses $ 1,859 $ 0