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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net income (loss) $ 7,406 $ (5,052)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 45,186 18,683
Amortization of debt issue costs 1,888 1,297
Extinguishment of debt 3,395 0
Stock-based compensation 2,448 0
Deferred income taxes (2,406) (3,999)
Change in fair value of earnout liability 483 0
Gain on sale of rental equipment (3,632) (2,055)
Bargain purchase option 0 (1,363)
Charge for step-up of acquired inventory 2,866 0
Net realizable value and reserve adjustment for obsolete and excess inventory 4,608 1,104
Bad debt expense 795 939
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (21,771) 6,936
Inventories (42,404) (5,059)
Prepaid expenses and other current assets (1,874) 1,732
Accounts payable (8,839) (2,241)
Accrued expenses and other current liabilities 4,492 2,894
Other changes in operating assets and liabilities (3,670) (3,496)
Net cash provided by (used in) operating activities (11,029) 10,320
Investing activities    
Purchases of property, plant and equipment (8,307) (3,026)
Business acquisitions, net of cash acquired (115,343) (33,936)
Purchases of rental equipment (11,794) (10,755)
Proceeds from sale of rental equipment 8,756 6,341
Net cash provided by (used in) investing activities (126,688) (41,376)
Financing activities    
Proceeds from revolving lines of credit 383,489 38,121
Payments on revolving lines of credit (320,751) (11,200)
Proceeds from term loans 445,630 6,000
Payments on term loans (335,305) (7,486)
Deferred financing costs (11,956) 0
Capital contribution 0 9,233
Repurchase of common stock (1,940) 0
Shares repurchased held in treasury (520) 0
Payment of financing lease principal (429) 0
Payment on seller's note (9,757) 0
Net cash provided by (used in) financing activities 148,461 34,668
Effect of exchange rate changes on cash and cash equivalents (675) 660
Increase (decrease) in cash, cash equivalents and restricted cash 10,069 4,272
Cash, cash equivalents and restricted cash at beginning of period 14,671 10,399
Cash, cash equivalents and restricted cash at end of period 24,740 14,671
Cash and cash equivalents 24,554 14,671
Restricted cash 186 0
Supplemental disclosure of cash flow information    
Net cash paid for income taxes 13,813 2,998
Net cash paid for interest 22,153 15,395
Fair value of common stock exchanged for reverse acquisition 351,491 0
Settlement of related party obligations 5,276 0
Equity consideration in relation to business acquisitions 0 6,946
Seller's note issued as purchase consideration $ 1,169 $ 8,357