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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) income $ (5,905) $ 67,486 $ 91,758
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Founders advisory fees - related party (change in fair value) 198,308 (108,481) (117,302)
Depreciation and amortization expense 65,718 64,855 65,795
Interest and payment-in-kind on preferred shares 7,057 6,792 6,537
Share-based compensation 12,849 1,596 14,649
Non-cash lease expense 5,070 5,248 5,390
Deferred income taxes (99,557) (25,816) (17,000)
Intangible impairment 0 40,738 0
Amortization of deferred financing costs 1,730 1,664 1,602
Amortization of acquisition related inventory step-up 0 0 24,796
Gain on contingent earn-out 0 (7,273) (12,706)
Foreign currency loss (gain) 2,443 (1,655) 3,462
Loss on disposal of assets 66 139 9
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (13,293) (14,435) (6,190)
Inventories 29,872 (2,044) (61,934)
Prepaid expenses and other current assets (843) 1,014 1,922
Accounts payable (754) (15,335) 9,696
Deferred revenue 1,842 0 (383)
Income taxes payable, net (13,299) (3,498) 8,920
Accrued expenses and other current liabilities 4,306 (1,758) (647)
Founders advisory fees - related party (cash settled) (2,702) (4,655) (53,547)
Operating lease liabilities (3,278) (4,182) (5,072)
Finance lease liabilities (501) (282) 0
Other, net (741) 75 73
Net cash provided by (used in) operating activities 188,388 193 (40,172)
Cash flows from investing activities:      
Purchase of property and equipment (15,531) (9,435) (8,613)
Proceeds from short-term investments 5,383 0 0
Purchase of short-term investments 0 (5,459) 0
Purchase of businesses, net of cash acquired (32,792) 0 (1,638)
Net cash used in investing activities (42,940) (14,894) (10,251)
Cash flows from financing activities:      
Ordinary shares repurchased (14,420) (64,066) (49,341)
Proceeds from exercise of warrants 23,509 0 529
Principal payments on finance lease obligations (740) (387) 0
Net cash provided by (used in) financing activities 8,349 (64,453) (48,812)
Effect of foreign currency on cash and cash equivalents (2,617) (320) 431
Net change in cash and cash equivalents 151,180 (79,474) (98,804)
Cash and cash equivalents, beginning of period 47,276 126,750 225,554
Cash and cash equivalents, end of period 198,456 47,276 126,750
Supplemental disclosures of cash flow information:      
Cash paid for interest 37,317 37,005 35,488
Cash paid for income taxes 74,559 25,960 13,488
Non-cash investing and financing activities:      
Liability portion of founders advisory fees - related party reclassified to additional paid in capital $ 8,464 $ 2,618 $ 19,568