v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (202,575) $ (76,969)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 71,281 73,440
Non-cash interest 4,558 3,559
Amortization of deferred financing costs 506 155
Losses from investments in investees 2,419 11,542
Equity-based compensation – employees and non-employees 11,007 16,591
Realized loss (gain) on disposal of fixed assets and sales of equity securities 1,455 34
Change in fair value of equity securities and derivative instruments 17,178 (14,346)
Change in fair value of contingent consideration (78) (12,406)
Impairment of assets 655 0
Deferred income tax (benefit) provision 2,065 (14,541)
Changes in assets and liabilities, net of the effects of acquisitions:    
Accounts receivable, net 3,257 7,701
Inventory, net (9,543) 4,057
Other current assets and prepaid expenses (2,556) (4,304)
Other assets 240 (4,633)
Accounts payable 30,597 (9,329)
Foreign currency measurement 147 57
Contract liabilities (56,860) (50,531)
Accrued expenses and other liabilities (238) (4,559)
Net cash used in operating activities (126,485) (74,482)
Cash flows from investing activities:    
Investments in investees (1,200) (1,000)
Proceeds from sale of equity securities 0 1,516
Proceeds from the sale of property, plant and equipment 552 1,070
Capital expenditures (8,866) (24,823)
Net cash used in investing activities (9,514) (23,237)
Cash flows from financing activities:    
Issuance of convertible notes, including to related parties 200,293 55,000
Debt issuance costs (7,762) 0
Proceeds from the exercise of Common Stock options and warrants (3) 1,173
Borrowings on lines of credit 99,353 22,468
Repayments of lines of credit (158,477) (28,435)
Redemption of 2033 Senior Notes (28,800) 0
Net cash provided by financing activities 104,604 50,206
Effect of exchange rate changes on cash and cash equivalents (411) (268)
Net increase (decrease) in cash and cash equivalents (31,806) (47,781)
Cash and cash equivalents at beginning of period 96,473 91,499
Cash and cash equivalents at end of period 64,667 43,718
SUPPLEMENTAL INFORMATION:    
Interest paid 11,084 1,631
Income taxes paid, net of refunds 3,103 3,883
Operating lease right-of-use assets due to adoption of ASU No. 2016-02 35,826  
Operating lease liabilities due to adoption of ASU No. 2016-02 36,239  
Shares issued upon the conversion of:    
Common Stock options and warrants, surrendered in net exercise $ 20 $ 806

Source