v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (25,429) $ (140,568)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 44,318 47,477
Non-cash interest 5,022 2,868
Amortization of deferred financing costs 411 308
Losses from investments in investees 323 2,125
Equity-based compensation – employees and non-employees 4,037 7,579
Realized loss on disposal of fixed assets and sales of equity securities 156 220
Change in fair value of equity securities and derivative instruments (6,515) 5,431
Change in fair value of contingent consideration 251 1,031
Impairment of assets 0 655
Deferred income tax provision 1,028 168
Changes in assets and liabilities:    
Accounts receivable, net (81,539) (4,398)
Inventory, net (21,905) (6,225)
Other current assets and prepaid expenses (2,619) 2,476
Other assets (61) 136
Accounts payable (16,753) 12,887
Foreign currency measurement (2,077) 131
Contract liabilities (4,026) (37,015)
Accrued expenses and other liabilities 47,585 2,095
Net cash used in operating activities (57,793) (102,619)
Cash flows from investing activities:    
Investments in investees 0 (1,200)
Proceeds from the sale of property, plant and equipment 65 309
Capital expenditures (17,149) (6,432)
Net cash used in investing activities (17,084) (7,323)
Cash flows from financing activities:    
Issuance of convertible notes, including to related parties 0 200,293
Debt issuance costs 0 (7,762)
Proceeds from the exercise of Common Stock options and warrants 0 (3)
Borrowings on lines of credit 393,651 39,695
Repayments of lines of credit (382,374) (78,824)
Redemption of 2033 Senior Notes 0 (28,800)
Net cash provided by financing activities 11,277 124,599
Effect of exchange rate changes on cash and cash equivalents (240) (15)
Net increase (decrease) in cash and cash equivalents (63,840) 14,642
Cash and cash equivalents at beginning of period 85,452 96,473
Cash and cash equivalents at end of period 21,612 111,115
SUPPLEMENTAL INFORMATION:    
Interest paid 5,578 5,411
Income taxes paid (received), net of refunds (208) 2,132
Operating lease right-of-use assets due to adoption of ASU No. 2016-02 0 29,640
Operating lease liabilities due to adoption of ASU No. 2016-02 0 30,049
Shares issued upon the conversion of:    
Common Stock options and warrants, surrendered in net exercise $ 0 $ 20

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