v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (59,132) $ (80,762)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 22,052 23,816
Non-cash interest 2,483 3,010
Amortization of deferred financing costs 203 405
Losses from investments in investees 134 1,854
Equity-based compensation – employees and non-employees 2,451 4,457
Realized loss on disposal of fixed assets and sales of equity securities 102 284
Change in fair value of equity securities and derivative instruments 9,259 (1,825)
Change in fair value of contingent consideration (860) 4,806
Impairment of assets 0 655
Deferred income tax (benefit) provision 613 (352)
Changes in assets and liabilities, net of the effects of acquisitions:    
Accounts receivable, net (763) (439)
Inventory, net (8,831) (2,475)
Other current assets and prepaid expenses (729) (46)
Other assets 60 (243)
Accounts payable (4,865) 3,713
Foreign currency measurement 56 (23)
Contract liabilities (9,451) (18,073)
Accrued expenses and other liabilities 3,848 12,250
Net cash used in operating activities (43,370) (48,988)
Cash flows from investing activities:    
Investments in investees 0 (1,200)
Proceeds from the sale of property, plant and equipment 7 0
Capital expenditures (5,626) (2,932)
Net cash used in investing activities (5,619) (4,132)
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 186,398 35,460
Repayments of lines of credit (188,009) (35,313)
Redemption of 2033 Senior Notes 0 (28,800)
Net cash (used in) provided by financing activities (1,611) 163,875
Effect of exchange rate changes on cash and cash equivalents (322) 22
Net increase (decrease) in cash and cash equivalents (50,922) 110,777
Cash and cash equivalents at beginning of period 85,452 96,473
Cash and cash equivalents at end of period 34,530 207,250
SUPPLEMENTAL INFORMATION:    
Interest paid 5,012 511
Income taxes paid, net of refunds 799 1,022
Operating lease right-of-use assets due to adoption of ASU No. 2016-02 0 33,277
Operating lease liabilities due to adoption of ASU No. 2016-02 0 33,744
Shares issued upon the conversion of:    
Common Stock options and warrants, surrendered in net exercise $ 0 $ 20

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