XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.4
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (314,635,000) $ (129,571,000)
Adjustments for:    
Depreciation and amortization 4,888,000 5,313,000
Equity-settled expenses, including compensation 65,901,000 73,047,000
Gain on business divestiture (217,000) 0
(Gain) loss on disposal of capital assets (75,000) 10,000
Impairment loss 187,775,000 0
Loss on notes receivable 8,161,000 0
Bad debt expense 194,000 0
Non-cash interest expense 3,754,000 0
Non-cash operating lease expense 709,000 1,064,000
Deferred tax benefit (32,141,000) (407,000)
Non-cash loss from investments, net 195,000 22,000
Write-down of assets held-for-sale 11,003,000 0
Change, net of acquisitions in:    
Inventory (1,914,000) (5,346,000)
Other assets 1,110,000 (3,908,000)
Interest receivable (1,286,000) (3,179,000)
Accounts payable and accrued liabilities 7,384,000 6,477,000
Taxes payable 9,742,000 2,279,000
Interest payable 4,392,000 (320,000)
Other liabilities 852,000 (1,184,000)
Net cash used in operating activities (44,208,000) (55,703,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of capital assets (7,904,000) (32,276,000)
Investments in notes receivable (14,193,000) (24,557,000)
Collection of notes receivable 235,000 3,138,000
Cash paid for long-term investments (34,019,000) (4,158,000)
Proceeds from business divestiture 997,000 0
Proceeds from sale of capital assets 1,160,000 172,000
Business acquisitions, net of cash acquired (9,983,000) (21,205,000)
Purchases of intangible assets 0 (58,488,000)
Deferred acquisition costs and deposits 0 2,076,000
Distributions from investments 26,000 137,000
Proceeds from purchase of short-term investments 0 149,828,000
Net cash (used in) provided by investing activities (63,681,000) 14,667,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party debt 5,000,000 0
Repayment of related party loan (20,000,000) 0
Proceeds from financing 129,000,000 0
Deferred financing costs paid (3,317,000) 0
Proceeds from issuance of private placement units, net 27,887,000 0
Collateral received from financing agreement 22,000,000 0
Settlement of taxes withheld 0 (9,727,000)
Repayment of debt (10,822,000) (12,179,000)
Capital distributions, net 0 (4,363,000)
Net cash provided by (used in) financing activities 149,748,000 (26,269,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 41,859,000 (67,305,000)
Cash, cash equivalents and restricted cash - Beginning of period 26,600,000 105,038,000
Cash, cash equivalents and restricted cash - End of period 68,459,000 37,733,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid - non-lease 988,000 593,000
Income taxes paid 867,000 4,253,000
OTHER NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital assets not yet paid for 5,625,000 281,000
Issuance of Class D units for land 0 264,000
Issuance of SVS for operating lease 0 3,353,000
Exchange of intangible assets to notes receivable (Note 4) 18,800,000 0
Holdback of Maine HSCP notes receivable (Note 6) 917,000 0
Promissory note conversion to equity (Note 6) 10,087,000 0
Deferred tax liability related to business acquisition (Note 3) 3,077,000 18,377,000
Beneficial conversion feature on convertible note (See Note 10) 523,000 0
Convertible note conversion 550,000 0
Unpaid debt issuance costs $ 4,968,000 $ 0