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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 128,291 $ 59,926 $ 21,411
Adjustments to reconcile net income to net cash provided by operating activities:      
Inventory step-up charges 2,130 734 1,483
Depreciation and amortization 38,447 27,067 20,868
Amortization of debt discount and issuance costs 11,530 10,970 7,536
Stock-based compensation expense 27,500 17,007 12,847
Contingent consideration expense 5,865    
Deferred income taxes, net 6,517 (3,992) (624)
Loss on conversion of debt 13   5,650
Other 851 267 663
Changes in operating assets and liabilities, excluding impact of acquisitions:      
Accounts receivable (46,523) (20,892) (7,830)
Unbilled receivables (2) 456 2,146
Inventories (89,781) (29,994) (10,797)
Prepaid expenses and other assets (10,192) (4,870) (595)
Operating lease right of use assets (4,315) 3,583 (4,662)
Other assets 432 (281) (66)
Accounts payable 19,523 2,462 662
Accrued expenses 23,196 1,037 13,096
Operating lease liability 6,958 (1,964) 5,447
Long-term liabilities (1,424) 1,109 (19)
Total cash provided by operating activities 119,016 62,625 67,216
Cash flows from investing activities:      
Additions to capitalized software costs (4,187) (3,889) (4,650)
Acquisition of assets, net of cash acquired (149,893) (175,041) (182,154)
Purchases of property, plant and equipment (67,089) (22,455) (18,504)
Total cash used in investing activities (221,169) (201,385) (205,308)
Cash flows from financing activities:      
Proceeds from issuance of senior convertible notes, net of issuance costs     278,466
Proceeds from issuance of common stock, net of issuance costs   297,775 320,713
Exercise of stock options 3,879 8,151 1,167
Repayment of senior convertible notes (21)   (114,989)
Payment of tax withholding obligation on vesting of restricted stock (2,897) (10) (490)
Total cash provided by financing activities 961 305,916 484,867
Effect of exchange rate changes on cash, cash equivalents and restricted cash (12,286) 12,729 (3,190)
Net (decrease) increase in cash, cash equivalents and restricted cash (113,478) 179,885 343,585
Cash, cash equivalents and restricted cash, beginning of period 717,292 537,407 193,822
Cash, cash equivalents and restricted cash, end of period 603,814 717,292 537,407
Supplemental disclosure of cash flow information:      
Income taxes paid 16,515 10,279 6,505
Interest paid 1,066 1,066 1,484
Supplemental disclosure of non-cash investing and financing activities:      
Assets acquired under operating leases 85,312 3,349 8,663
Fair value of 2,316,229 shares of common stock issued for conversion of convertible notes     198,757
C Technologies Inc      
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of common stock issued for acquisition     53,938
ARTeSYN Biosolutions Holdings Ireland Limited      
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of common stock issued for acquisition   69,422  
Avitide Inc.      
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of common stock issued for acquisition 82,968 0 0
Fair value of earnouts related to acquisition $ 94,238 $ 0 $ 0