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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Income (Loss) $ 9,009 $ 35,123
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,884 31,473
Amortization of debt discount and issuance costs 7,727 914
Stock-based compensation 18,655 12,737
Deferred income taxes, net (3,753) (2,053)
Contingent consideration 0 3,026
Non-cash interest income 0 (2,023)
Operating lease right of use assets amortization [1] 8,716 6,487
Other 103 849
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Accounts receivable (1,245) (4,606)
Inventories 10,474 (2,508)
Prepaid expenses and other assets 457 (12,879)
Other assets 364 (888)
Accounts payable 1,547 (3,871)
Accrued expenses 2,259 (11,769)
Operating lease liabilities (1,198) (4,544)
Long-term liabilities (101) 154
Total cash provided by operating activities 86,898 45,622
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 (28,099)
Proceeds from maturity of marketable securities held to maturity 0 102,323
Additions to capitalized software costs (2,619) (2,075)
Purchases of property, plant and equipment (13,154) (16,749)
Other investing activities 11 0
Total cash (used in) provided by investing activities (15,762) 55,400
Cash flows from financing activities:    
Proceeds from exercise of stock options 1,788 62
Payment of tax withholding obligation on vesting of restricted stock (8,857) (11,140)
Payment of earnout consideration (7,375) (7,298)
Other financing activities (303) (12)
Total cash used in financing activities (14,747) (18,388)
Effect of exchange rate changes on cash and cash equivalents 1,434 (2,436)
Net increase in cash and cash equivalents 57,823 80,198
Cash, cash equivalents, beginning of period 751,323 523,458
Cash and cash equivalents, end of period 809,146 603,656
Supplemental disclosure of non-cash investing and financing activities:    
Assets acquired under operating leases 23,860 831
Fair value of shares of common stock issued for contingent consideration earnouts 5,742 7,229
FlexBiosys, Inc.    
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of common stock issued for acquisition $ 0 $ 5,243
[1] *Amounts reclassified in the current presentation from a component of “Changes in operating assets and liabilities” to a component of “Adjustments to reconcile net income.” The reclassification did not result in any change to total cash provided by operating activities.