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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income (loss) $ 13,542 $ (28,502)
Adjustments to reconcile net income (loss) to net cash provided by, (used in) operating activities:    
Provision for (recovery of) bad debts 660 (574)
Deferred tax expense (30,928) (7,036)
Depreciation and amortization 71,207 19,454
Amortization of debt discount and issuance costs 5,003 13,653
Equity-based compensation 11,677 11,706
Contingent consideration (5,981) 1,071
Warranty provision 4,341 305
Provision for inventory obsolescence (2,333) 654
Changes in operating assets and liabilities, net of business acquisition    
Accounts receivable (139,036) (50,840)
Inventories (14,273) (55,321)
Income tax receivables (3,610) 9,676
Prepaid expenses and other 11,146 (5,770)
Accounts payable 42,205 1,948
Accounts payable - related party (132) (1,622)
Accrued expenses and other 41,271 1,683
Warranty payments (373) 0
Income tax payable 2,951 (8,185)
Lease liabilities 1,914 337
Deferred revenue 34,772 (68,474)
Net cash provided by, (used in) operating activities 44,023 (165,837)
Cash flows from investing activities    
Purchase of property, plant and equipment (6,690) (2,252)
Acquisition of STI, net of cash acquired (373,816) 0
Investment in equity security 0 (11,975)
Net cash used in investing activities (380,506) (14,227)
Cash flows from financing activities    
Proceeds from Series A issuance 33,098 224,987
Proceeds from common stock issuance 15,885 120,645
Series A equity issuance costs (1,167) (7,195)
Common stock issuance costs (450) (3,873)
Dividends paid on Series A Preferred (18,670) 0
Payments on revolving credit facility (116,000) (102,000)
Proceeds from issuance of other debt 39,219 0
Proceeds from revolving credit facility 116,000 102,000
Principal payments on debt (33,286) (132,150)
Contingent consideration (1,483) (7,810)
Debt issuance costs 0 (6,590)
Net cash provided by financing activities 33,146 188,014
Effect of exchange rate changes on cash and cash equivalent balances (1,555) 0
Net change in cash and cash equivalents (304,892) 7,950
Cash and cash equivalents, beginning of period 367,670 108,441
Cash and cash equivalents, end of period 62,778 116,391
Supplemental Cash Flow Information    
Stock consideration paid for acquisition of STI $ 200,224 $ 0