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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net (loss) income $ (226,608) $ 7,197
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, depletion and amortization 24,776 3,778
Provision for inventory obsolescence 13,443 143
Stock-based compensation expense 4,981 2,100
Non-cash operating lease expense 4,804 2,071
Impairment charges 192,328 0
Change in fair value of contingent consideration (1,560) 260
Deferred income tax benefit (12,430) 0
Other 375 884
Changes in assets and liabilities:    
Accounts receivable 6,182 (5,055)
Inventories 21,301 (27,293)
Prepaid expenses and other current assets (814) (323)
Other assets (118) (1,025)
Accounts payable (2,893) 8,350
Accrued expenses and other current liabilities (6,381) 10,403
Deferred revenue (6,708) (130)
Lease liabilities (3,375) (1,851)
Other long-term liabilities (35) (10)
Net cash from (used in) operating activities 7,268 (501)
Investing activities    
Business combinations, net of cash and cash equivalents 190 (195,816)
Purchases of property, plant and equipment (4,522) (691)
Other (411) (100)
Net cash used in investing activities (4,743) (196,607)
Financing activities    
Proceeds from issuance of common stock upon follow-on public offering, net of offering costs 0 309,798
Proceeds from exercises of investor warrants 0 20,295
Payment of withholding tax related to restricted stock units (2,105) (14,910)
Borrowings under revolving credit facilities 646 69,923
Repayments of revolving credit facilities (781) (69,716)
Repayments of long-term debt Term Loan (625) 0
Other (484) 57
Net cash (used in) from financing activities (3,349) 315,447
Effect of exchange rate changes on cash, cash equivalents and restricted cash (115) 73
Net (decrease) increase in cash, cash equivalents and restricted cash (939) 118,412
Cash, cash equivalents and restricted cash at beginning of period 28,384 76,955
Cash, cash equivalents and restricted cash at end of period $ 27,445 $ 195,367