v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ (55,433) $ 31,078
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 27,814 19,989
Non-cash interest 678 2,585
Amortization of deferred financing costs 281 222
Losses from investments in investees 49 43
Equity-based compensation – employees and non-employees 7,617 2,647
Realized loss (gain) on disposal of fixed assets and sales of equity securities 61 (3,039)
Change in fair value of equity securities and derivative instruments 1,299 (279)
Change in fair value of contingent consideration (106) (957)
Deferred income tax benefit (22,356) (1,033)
Changes in assets and liabilities:    
Accounts receivable, net 44,421 (35,238)
Inventory, net (9,463) (27,912)
Other current assets and prepaid expenses 2,612 1,415
Other assets 511 1,255
Accounts payable 16,143 62,231
Foreign currency measurement 2,197 946
Contract liabilities (4) (790)
Accrued expenses and other liabilities (36,177) (27,126)
Net cash (used in) provided by operating activities (19,856) 26,037
Cash flows from investing activities:    
Proceeds from sale of investments 0 8,079
Proceeds from the sale of property, plant and equipment 348 60
Capital expenditures (5,251) (9,245)
Net cash (used in) provided by used in investing activities (4,903) (1,106)
Cash flows from financing activities:    
Proceeds from the exercise of common stock options and warrants 136 308
Borrowings on lines of credit 1,649,166 472,213
Repayments of lines of credit (1,657,193) (479,713)
Net cash used in financing activities (7,891) (7,192)
Effect of exchange rate changes on cash and cash equivalents 221 (447)
Net increase (decrease) in cash and cash equivalents (32,429) 17,292
Cash and cash equivalents at beginning of period 134,710 72,211
Cash and cash equivalents at end of period 102,281 89,503
SUPPLEMENTAL INFORMATION:    
Interest paid 3,420 4,689
Income taxes paid, net of refunds $ 1,063 $ 1,470

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