XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income $ (12,508) $ (58,750)
Depreciation and amortization 171,615 178,338
Amortization of Inventory Step-up 0 22,676
Noncash lease expense 16,543 17,382
Provision for doubtful accounts 865 214
Provision for warranty and returns 5,597 3,439
Stock compensation 29,878 28,597
Loss on disposal of property and equipment 1,757 2,391
Bond premium amortization 14 254
Debt Issuance Costs amortization 5,108 5,254
Change in fair value of contingent earn-out (12,256) (31,253)
Sparepartsusage 13,587 7,915
Other Noncash Income (Expense) 4,393 (2,855)
Accounts receivable 43,086 (8,956)
Inventories (66,662) (151,840)
Prepaid expenses and other assets 11,295 20,074
Increase (Decrease) in Other Operating Assets (18,860) (22,594)
Accounts payable (65,049) 30,413
Accrued liabilities (10,532) (38,070)
Income taxes, including excess tax benefits and deferred income taxes (42,939) (63,047)
Net cash provided by operating activities 74,932 (60,418)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (53,956) (68,715)
Proceeds from sale of asset 1,481 933
Intangible assets additions (7,742) (6,560)
Purchases of investment securities 0 (3,397)
Proceeds from sale of investment securities 2,920 36,433
Net cash used in investing activities (57,297) (1,885,470)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt, net of lender debt issuance costs 0 1,672,631
Repayments of Long-term Debt 22,250 20,250
Payments of Debt Issuance Costs 0 (1,852)
Proceeds from exercise of stock options 4,022 7,906
Finance Lease, Principal Payments (681) (477)
Payment, Tax Withholding, Share-based Payment Arrangement 9,221 10,541
Net cash (used in) provided by financing activities (28,130) 1,647,417
Effect of Exchange Rate on Cash [Abstract]    
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (1,097) (10,477)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (11,592) (308,948)
Cash and Cash Equivalents 197,192 243,879
Supplemental Cash Flow Information [Abstract]    
Capital Expenditures Incurred but Not yet Paid 3,712 2,757
NON-CASH INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired 0 (1,844,164)
SmithsMedical    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income   79,000
Change in fair value of contingent earn-out $ 12,300 31,300
NON-CASH INVESTING ACTIVITIES    
Fair Value of Assets Acquired   1,658,937
Net Cash Paid (Received) for current and prior acquisitions   (1,844,164)
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable   (575,975)
Business Combination, Liabilities Arising from Contingencies, Amount Recognized   (55,158)
Goodwill, Period Increase (Decrease)   1,442,849
Liabilities Assumed   $ (626,489)