XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net Income (Loss) $ 48,893 $ 96,825
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,237 23,933
Amortization of debt issuance costs 914 905
Stock-based compensation 12,737 14,900
Deferred income taxes, net (2,196) 738
Contingent consideration 3,026 (9,295)
Noncash interest income (2,023) 0
Other 574 276
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Accounts receivable (4,606) (8,433)
Inventories (2,508) (58,106)
Prepaid expenses and other assets (11,530) 2,402
Operating lease right of use assets 6,487 (21,457)
Other assets (888) (406)
Accounts payable (3,871) 6,322
Accrued expenses (26,234) (4,014)
Operating lease Liabilities (4,544) 23,852
Long-term liabilities 154 392
Total cash provided by operating activities 45,622 68,834
Cash flows from investing activities:    
Acquisitions, net of cash acquired (28,099) 0
Proceeds from maturity of marketable securities held to maturity 102,323 0
Additions to capitalized software costs (2,075) (1,875)
Purchases of property, plant and equipment (16,749) (52,576)
Other investing activities 0 17
Total cash provided by (used in) investing activities 55,400 (54,434)
Cash flows from financing activities:    
Proceeds from exercise of stock options 62 463
Payment of tax withholding obligation on vesting of restricted stock (11,140) (14,759)
Repayment of Convertible Senior Notes (9) (18)
Payment of earnout consideration (7,298) 0
Proceeds from issuance of common stock, net (3) 0
Total cash used in financing activities (18,388) (14,314)
Effect of exchange rate changes on cash and cash equivalents (2,436) (7,388)
Net increase (decrease) in cash and cash equivalents 80,198 (7,302)
Cash, cash equivalents and restricted cash, beginning of period 523,458 603,814
Cash and cash equivalents, end of period 603,656 596,512
Supplemental disclosure of non-cash investing and financing activities:    
Assets acquired under operating leases 831 21,739
FlexBiosys, Inc.    
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of common stock issued for acquisition 5,243 0
Avitide, Inc.    
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of contingent consideration earnouts related to acquisition $ 7,229 $ 0