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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 364,205 $ (138,790)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 63,542 18,357
Lease amortization expense 26,896 16,313
Amortization of debt issuance costs 2,618 1,823
Debt discount amortization 6,527 1,483
Impairment loss 0 174,269
Deferred taxes, net 28,067 8,684
Non-cash share-based compensation 15,648 4,794
Loss on disposal of long-lived assets 100 123
Gain on Topgolf investment (252,531) 0
Unrealized net gains on hedging instruments and foreign currency (5,048) (14,059)
Acquisition costs (16,199) 0
Change in assets and liabilities, net of effect from acquisitions:    
Accounts receivable, net (181,975) (73,177)
Inventories 26,479 73,029
Leasing receivables (11,199) 0
Other assets (50,276) 13,984
Accounts payable and accrued expenses 62,414 (73,087)
Deferred revenue 16,651 595
Accrued employee compensation and benefits 25,211 (16,876)
Accrued warranty expense 0 143
Change in operating leases, net (18,881) (13,438)
Income taxes receivable/payable, net (3,646) (13,118)
Other liabilities 1,864 8,627
Net cash provided by (used in) operating activities 100,467 (20,321)
Cash flows from investing activities:    
Cash acquired in merger 171,294 0
Capital expenditures (120,833) (25,097)
Note receivable, net of discount 0 (5,234)
Net cash provided by (used in) investing activities 50,461 (30,331)
Cash flows from financing activities:    
Repayments of credit facilities, net (110,757) (89,029)
Proceeds from lease financing 24,799 0
Exercise of stock options 18,403 130
Acquisition of treasury stock (12,538) (21,953)
Repayments of long-term debt (12,029) (5,504)
Debt issuance cost (5,441) (9,119)
Payment on contingent earn-out obligation (3,577) 0
Repayments of financing leases (200) (206)
Dividends paid (3) (1,891)
Proceeds from issuance of convertible notes 0 258,750
Proceeds from issuance of long-term debt 0 9,766
Premium paid for capped call confirmations 0 (31,775)
Net cash (used in) provided by financing activities (101,343) 109,169
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,969 (767)
Net increase in cash, cash equivalents and restricted cash 51,554 57,750
Cash, cash equivalents and restricted cash at beginning of period 366,119 106,666
Cash, cash equivalents and restricted cash at end of period 417,673 164,416
Supplemental disclosures:    
Cash paid for income taxes, net 6,566 1,692
Cash paid for interest and fees 41,422 16,489
Non-cash investing and financing activities:    
Issuance of treasury stock and common stock for compensatory stock awards released from restriction 18,315 19,143
Accrued capital expenditures at period-end 9,224 1,861
Financed additions of capital expenditures 9,256 0
Issuance of common stock in Topgolf merger $ 2,650,201 $ 0