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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss $ (160,577) $ (533,136) $ (252,727)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 112,805 110,820 121,776
Depreciation included in cost of goods sold 53,564 59,837 52,541
Debt extinguishments, net 0 (5,937) 0
Impairment and disposal of long-lived assets, net of (recoveries) (5,292) 6,664 75,547
Impairment of goodwill 0 307,590 0
Amortization of operating lease right of use assets 11,519 10,333 11,252
Share-based compensation 20,202 10,575 18,124
Allowance for credit losses 5,763 2,750 3,617
Deferred income taxes (10,374) (17,173) (27,174)
Loss from disposal of discontinued operations 0 69,481 49,130
Other non-cash changes 943 6,472 3,720
Changes in operating assets and liabilities:      
Inventories (18,735) 83,304 (83,430)
Accounts receivable 741 (1,712) (4,206)
Prepaid expenses and other current assets (6,136) 6,751 5,264
Other assets (2,927) 2,954 2,388
Accounts payable and accrued liabilities 7,210 1,635 (819)
Income tax receivable / payable (8,502) (48,822) 19,756
Other liabilities 1,874 (13,807) 21,649
Operating lease liabilities (7,989) (9,172) (10,002)
Deferred revenue 6,691 (8,232) 2,370
Uncertain tax position liabilities 264,871 160,891 12,794
Other long-term liabilities (2,215) (225) 1,526
Proceeds received from insurance for operating expenses 8,048 0 0
Net cash provided by operating activities 271,484 201,841 23,096
Cash flows from investing activities      
Purchases of property and equipment (121,520) (40,385) (164,749)
Purchases of property and equipment related to construction finance liabilities 0 0 (13,247)
Capitalized interest (1,081) 148 (4,732)
Payments made for issuance of note receivable 0 (750) 0
Purchases of internal use software (25,063) (10,615) (9,214)
Purchases of short-term investments (80,000) 0 0
Maturities of short-term investments 20,000 0 0
Cash paid for licenses (7,000) (4,640) (1,855)
Payment for initial direct costs on finance leases (647) 0 0
Proceeds from notes receivable repayments 1,663 903 1,472
Proceeds received from insurance recoveries on property and equipment 527 0 0
Proceeds from disposal activities 6,506 17,869 5,049
Acquisitions, net of cash 0 0 (27,781)
Net cash used in investing activities (206,615) (37,470) (215,057)
Cash flows from financing activities      
Payments for taxes related to net share settlement of equity awards (14,751) (466) (615)
Payments on finance lease obligations (7,593) (7,588) (7,361)
Payments on notes payable (4,678) (11,780) (2,928)
Payments on construction finance liabilities (3,469) (2,050) (1,161)
Payments and costs related to consolidated VIE settlement transaction (5,077) 0 0
Distributions to subsidiary non-controlling interest (1,081) (50) (50)
Payments on private placement notes 0 (177,595) (1,874)
Payments for debt issuance costs 0 (774) (832)
Proceeds from non-controlling interest holders' subscription 3,000 0 0
Proceeds from equity exercises 210 0 19,394
Proceeds from construction finance liabilities 0 0 7,047
Proceeds from notes payable, net of discounts 0 24,718 90,541
Proceeds from private placement notes, net of discounts 0 0 75,635
Net cash (used in) provided by financing activities (33,439) (175,585) 177,796
Net increase (decrease) in cash, cash equivalents, and restricted cash 31,430 (11,214) (14,165)
Cash, cash equivalents, and restricted cash, beginning of period 207,979 213,792 229,644
Cash and cash equivalents of discontinued operations, beginning of period 301 5,702 4,015
Less: cash and cash equivalents of discontinued operations, end of period 0 (301) (5,702)
Cash, cash equivalents, and restricted cash, end of period 239,710 207,979 213,792
Supplemental disclosure of cash flow information      
Interest 65,411 81,209 76,142
Income taxes paid, net of (refunds) (48,406) 52,644 146,672
Noncash investing and financing activities      
ASC 842 lease additions - operating and finance leases 51,517 14,323 41,141
Purchases of property and equipment in accounts payable and accrued liabilities 5,337 2,778 3,924
Reclassification of assets to held for sale 10,568 18,408 0
Redeemed non-controlling interest, former mezzanine equity 2,600 0 0
Redemptions of non-controlling interest 2,071 0 0
Noncash partial extinguishment of construction finance liability 0 18,486 0
Acquisition fair value adjustments 0 0 1,595
Acquisition of variable interest entity with note payable 0 0 5,500
Cash and cash equivalents, beginning balance [1] 201,372 [2] 207,185 [2] 226,631
Restricted cash, beginning balance 6,607 6,607 3,013
Cash and cash equivalents, ending balance [2] 238,803 201,372 [1] 207,185 [1]
Restricted cash, ending balance 907 6,607 6,607
Cash, cash equivalents and restricted cash $ 239,710 $ 207,979 $ 213,792
[1]
(1)Excludes cash associated with discontinued operations totaling $0.3 million, $5.7 million, and $4.0 million as of December 31, 2024, 2023, and 2022, respectively.
[2]
(2)Excludes cash associated with discontinued operations totaling zero, $0.3 million, and $5.7 million as of December 31, 2024, 2023, and 2022, respectively.