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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net loss $ (48,620) $ (16,383) $ (85,727)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities      
Depreciation, amortization of intangible assets and loan fees 35,468 39,300 27,483
Goodwill impairment 47,264 0 0
Loss on debt extinguishment 0 5,453 0
Loss (gain) on disposition of property, plant, and equipment 438 (1,183) (238)
Stock based compensation expense 11,363 9,428 9,170
Deferred tax adjustment 599 3,487 59,708
Termination of supply agreement 0 0 7,801
Other non-cash activity (385) 233 164
Changes in assets and liabilities      
Accounts receivable (4,137) (11,197) (31,652)
Inventories (46,297) 1,283 (17,846)
Other assets 1,093 (1,380) 556
Accounts payable 58,546 (12,131) 17,435
Accrued wages payable (1,225) 2,194 1,424
Other accrued expenses (6,083) 4,663 7,121
Net cash provided by (used in) operating activities 48,024 23,767 (4,601)
Cash flows from investing activities      
Proceeds from disposition of property, plant, and equipment 0 5,132 442
Purchase of property, plant, and equipment (11,973) (31,270) (22,392)
Purchase of Capstar and related intangibles 0 0 (96,072)
Net cash used in investing activities (11,973) (26,138) (118,022)
Cash flows from financing activities      
Proceeds from issuance of convertible notes 0 0 143,750
Payment for Capped Call options 0 0 (14,821)
Proceeds from issuance of long-term debt 59,000 642,568 837,675
Principal payments on long-term debt (66,600) (597,071) (838,073)
Payment of financing fees on Convertible Notes 0 0 (5,884)
Tax distributions to LLC Owners 0 (70) (47)
Principal payments on finance lease obligations (1,493) (1,926) (1,965)
Payment of deferred financing fees and debt discount 0 (7,656) (550)
Tax withholding payments on Restricted Stock Units (875) (937) (595)
Stock repurchase (3,857) 0 0
Exercise of options to purchase class A common stock 115 13,426 9,274
Net cash (used in) provided by financing activities (13,710) 48,334 128,764
Net change in cash and cash equivalents 22,341 45,963 6,141
Effect of exchange rate changes on cash and cash equivalents (482) (13) 43
Cash and cash equivalents, beginning of period 79,406 33,456 27,272
Cash and cash equivalents, end of period 101,265 79,406 33,456
Supplemental cash flow information      
Interest paid 26,404 19,189 19,402
Net change in property, plant, and equipment acquired through accounts payable 509 735 279
Finance lease additions 59 1,191 2,019
Net change of deferred tax asset from step-up in basis 0 3,348 0
Income taxes paid, net of refunds 359 418 130
Accrued tax distribution 0 7 (434)
Issuance of note for termination, settlement, and asset acquisition agreement 0 0 17,487
Purchase of intangible assets from note issuance $ 0 $ 0 $ (9,686)