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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net loss $ (268,124) $ (102,021)
Adjusted for the following items:    
Inventory valuation adjustments 36,116  
Depreciation and amortization expenses 14,232 10,460
Impairment of assets 58,210  
Stock-based compensation expenses 23,404 22,303
Change in fair value of warrant liability 51,275  
Loss from equity method investments 4,495 1,837
Change in fair value of contingent consideration   (17,019)
Loss from equity investments measured at fair value 1,272 1,572
Loss from sale of investment 65  
Interest on debt securities (601)  
Deferred taxes (4,013) (3,987)
Amortization of discount on convertible notes 7,944 7,616
Amortization of transaction costs on Senior Facility 943  
Foreign currency loss 5,424  
Accretion related to obligations under finance leases 394 138
Issuance costs on registered offering recorded to net loss 3,953  
Credit loss expenses 288 520
Provision for sales returns (188)  
Loss on disposal of property and equipment 885 112
Other non-cash items 88 1,755
Changes in non-cash working capital:    
Accounts receivable 11,072 (15,019)
Inventory (25,476) (73,758)
Prepayments and other current assets 4,263 (54,607)
Accounts payable (12,544) 38,773
Accrued expenses and other current liabilities (17,863) 16,539
Net cash used in operating activities (104,486) (167,255)
Investing activities    
Business combinations, net of cash acquired   (166,086)
Interest receipts on debt securities 146  
Investment in joint venture with AB InBev (2,323)  
Change in deposits and other assets (3,148) 85
Purchases of short-term and other investments   (8,486)
Proceeds from the sale of other investments 437 8,640
Purchases of property and equipment (39,366) (50,421)
Proceeds from disposal of property and equipment 2,371  
Purchases of intangible assets   (941)
Net cash used in investing activities (41,883) (264,844)
Financing activities    
Proceeds from at-the-market equity offering, net of costs 75,459 37,445
Proceeds from ABG Profit Participation Arrangement 1,353 3,333
Proceeds from issuance of registered offering, net of issuance costs 85,465  
Payment of ABG finance liability (1,500)  
Proceeds from exercise of stock options 6,007 4,885
Payment of obligations under finance lease (309) (565)
Payment on the settlement of stock options (1,144)  
Proceeds from issuance of Senior Facility, net of transaction costs 46,395  
Repayment of Senior Facility (1,605)  
Net cash provided by financing activities 210,121 45,098
Effect of foreign currency translation on cash and cash equivalents (5,338) (95)
Increase (decrease) in cash and cash equivalents 58,414 (387,096)
Cash and cash equivalents, beginning of period 96,791 487,255
Cash and cash equivalents, end of period $ 155,205 100,159
Investment In ABG [Member]    
Investing activities    
Investment in ABG Profit Participation Arrangement   (33,333)
S & S Acquisition [Member]    
Investing activities    
Investment in equity method investees and S&S acquisition   $ (14,302)